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- Aug 24, 2013
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Hey, I'm 100% all in for overhauling the tax code.The real disconnect was Reagan's tax cuts.
Before Reagan the business owners and ceo's couldn't keep over $200,000 so it was much easier to invest in your company or workers.
After Reagan the wealthy found they could keep it all and they did.
Republicans and their wealthy donors have been working the tax code to their benefit every since.
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With over 74,000 pages of that convoluted crap - that isn't just Republican's, btw, plenty of it belongs to Democrats as well. It's 74,000+ pages of bloated government red tape that no two experts could ever possibly agree on in the first place.
Take your taxes to H&R Block, to Jackson Hewitt, to TurboTax, EY, or any of a score local tax services in your area and guess what? Not ONE will ever agree with the other about what your taxes should be. Heck, then have the IRS do it for you (if you dare) - and THEIRS won't jive with any of the others either.
The primary problem with the tax code begins with two totally opposing views about what is "fair":
Republicans (in general) want a flat tax - same rate to all, across the board. Everyone pays their fair share, the same % of their income (or some other basis*) as everyone else.
Democrats (in general) want a progressive tax - higher % rates to those who make more, lower % rates to those who make less. Favors lower wage earners and punishes higher wage earners.
Who's right? Well, in view of the above, tell us first for who's responsible for those 74,000+ pages of code - and why.
Me? 100% all in for a flat tax* - one that has NOTHING TO DO WITH INCOME or PROPERTY, strictly purchases. Flat rate on everything you buy. I'll even concede no tax for lower income people. $20k? $30k? More? They can buy all their essentials and pay no taxes at all on the purchases. A government that can tax your income, your property OWNS your income and your property.