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Have you considered that the tax system shouldnt /help/ anyone? Trying to further social policy via taxation is about the least efficient way to do it. Treat a
by Aloha 10y ago
Have you considered that the tax system shouldnt /help/ anyone? Trying to further social policy via taxation is about the least efficient way to do it.
Treat all income the same, do not allow deductions, charge a medium rate (10-25%), exempt the first 35-50k a year - no special rates for married filers (everyone files single), no deductions for dependents.
Eliminate corporate income tax entirely, replace with a VAT and a financial transactions tax (.25% of any transaction).
- ryandrake 10y agoAny tax system will have winners and losers, including no tax system at all, including one where the treasury burned the collected money rather than used it to pay for social programs. Who ever designs the tax system directly chooses the winners and losers--it cannot be avoided.
- mullen 10y ago> Trying to further social policy via taxation is about the least efficient way to do it. Works well for controlling a populations smoking and drinking.