Ideas for Improving America
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IMO simplicity is key....
Sun May 17, 2009 9:36am

Originally Posted:
Thu Apr 23, 2009 3:52pm

As you point out, loopholes are a problem. And I think that loopholes are inherent in tax code as complex as ours...

IMO the key is to cut the tax code down to a couple of pages and the tax table...

Now, whether it is flat tax, flat rate, or progressive rate, I don't think makes anywhere near as much a difference as the unreasonably complex code that we have today.

A "flat tax" is in a way regressive in that if everyone pays $1000, then the poor pay a pretty big chunk of their income and a rich person pays what they percieve as pocket change...

Now, a "flat rate tax" is where everyone pays the same percentage... The wealthy pay more dollars, but don't pay a higher percentage.

Another idea you might research is the "Fair Tax Plan" espoused by libertarian Neill Boortz... It is a system based purely on a sales tax with a system to compensate folks for taxes payed on essentials.... It is set up so that if you earn only enough to survive you pay nothing. If you earn more, and spend it you pay more taxes. It also has the benefit of encouraging saving.

  • Flat Tax (moved from below)Sym, Sun May 17 9:34am
    Originally posted Thu Apr 23, 2009 12:20pm I have often felt that the structure of taxes allow for way too many loop holes and wiggle room that inevitably seem to help the "big guys" vs.... more
    • humm would flat tax be a straightsym, Sun May 17 9:38am
      Originally Posted: Thu Apr 23, 2009 1:06pm percentage and how would we determine that percentage?
      • Ahh... I may have misinterpreted....Sprout, Sun May 17 9:39am
        Originally Posted: Thu Apr 23, 2009 3:57pm I consider a 'flat tax' to be where everyone pays the same dollar amount... ie. Everyone pays 100 dollars. If ya make 20 thousand you pay 100... more
        • Originally Posted: Thu Apr 23, 2009 6:13pm is that I would be bloody grateful for minimally SIMPLIFICATION. Reading tax law is worse that stereo instructions LOL
          • I think David has had an excellent suggestionSprout, Sun May 17 9:41am
            Originally Posted: Fri Apr 24, 2009 4:54pm that he has made many times over the years... Essentially that the tax code should not be more than a pamphlet... I think at one point, he even ... more
            • HA give them a wordcount that they HAVEsym, Sun May 17 9:42am
              Originally Posted: Fri Apr 24, 2009 6:45pm to stick to (would also decrease the cost of distributing the information greatly - grinz) Hey, I'll write it for them!
              • One page, 80 columns, 60 lines.David F Mayer, Sun May 17 2:04pm
                Let them try to hide anything in THAT. Trying to get the current bunch of loophole and favors in a one page document is like trying to hid a herd of elephants in a thimble.
    • IMO simplicity is key.... — Sprout, Sun May 17 9:36am
      • sorry sprout somehow i missed thissym, Sun May 17 9:37am
        Originally Posted: Fri Apr 24, 2009 11:27am I agree - simplify, simplify... it should be our mantra and NOT just on this issue.
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