The situation is even bleaker once we consider another unfortunate feature of the current system. A large number of Americans are incentivized to either support or tolerate tax increases on the rich. Why? It is a lot easier to vote for increases in government spending when all the additional costs are borne by other individuals.
The article is about a flat tax, which has been beaten to death. It's just my unlearned opinion that the income tax should be flat, and should probably be no more than 5% on your income. I don't believe that business income should be taxed because it will end up as income to someone, eventually.
And then I wake up ...
pm
No comments:
Post a Comment