K...before you start with your "heartless idiot" rhetoric, hear me out.
Under our current system, if you're a business owner, it's in your best interest to have your business pay for everything you need and to break even at the end of the year showing $0 income on your tax return. Individuals can get pay raises, but see no net gain, perhaps even keep less, because they cross over into a new tax bracket.
My point is that our current tax system incentivizes people to produce less than they could. Additionally, it's much more difficult to falsify income than it is expenses, making the tax code simpler.
So, what if people actually paid less in taxes as they made more. We want people to be industrious, start businesses, be creative, and produce. What if we created a system where people said "ya know, if I can figure out how to make an extra $3000, next year, I'll pay less in taxes."
If we could start over (smaller, more efficient government & simpler tax code), could this work?
2007-05-01
00:28:05
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3 answers
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asked by
Ender
6
in
United States