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So how, exactly, would you simplify the tax code? And make sure it brings in the same amount of revenue, and isn't extremely regressive? And make sure it isn't
by s73v3r_ 9y ago
So how, exactly, would you simplify the tax code? And make sure it brings in the same amount of revenue, and isn't extremely regressive? And make sure it isn't trivially game-able?
- neffy 9y agoOh something like no tax up to a certain level, 3 or 4 bands from then on, similar with inheritance tax, but a firm no dodging it policy for the very high value estates. Crack down on all the trusts etc. Toss it into a decent simulation and make regional adjustments depending on local income, and actively try to address some of the regional imbalances over time with national funding for things like schools. It is btw. far easier to game a complex tax system than a simple one. Talk to your current President about that. At a certain point, the technical debt on this kind of thing is so large the only thing to do is toss it out, and start again.
- s73v3r_ 9y ago"Oh something like no tax up to a certain level" Already have that. "3 or 4 bands from then on" Already have that. "similar with inheritance tax, but a firm no dodging it policy for the very high value estates." Already have that. "Toss it into a decent simulation and make regional adjustments depending on local income, and actively try to address some of the regional imbalances over time with national funding for things like schools." How is that going to make figuring out taxes easier? What if I live in one cost of living area for a while, then move to an area with another cost of living? Now I have to keep track of what income I earned where?