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Reply #38: I don't agree
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ProudDad
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Sat Sep-08-07 02:04 PM
Response to Reply #17 |
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Edited on Sat Sep-08-07 02:05 PM by ProudDad
"tax us on what you purchase" is the most regressive of all the taxes we pay...
It hits the lowest income persons the hardest since they have to spend EVERYTHING they make on highly taxed consumer goods.
The rich "invest" their money and live off the dividends which are VERY lightly taxed only when cashed in...
Most of those you mention are designed to fund the activities or services being taxed.
Income taxes are the most PROGRESSIVE taxes we pay.
I would suggest a guaranteed annual income that equals a living wage and taxing incomes in a much more progressive manner -- bring back 90% for the highest paid (I'd vote for 110% for incomes greater than 10 million per year) and NO loopholes...
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