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I know it won’t work because some businesses work on high volume, really slim margins (such as grocery stores) but I really believe the solution is still to hav
by mcny 6y ago
I know it won’t work because some businesses work on high volume, really slim margins (such as grocery stores) but I really believe the solution is still to have a tax based on gross receipts with no credits, deductions, or anything like that. Call it like alternate minimum taxes for businesses maybe?
As for personal income tax, I strongly believe all credits, deductions, exemptions should be abolished/phased out completely. These are nothing but an extra tax on the lazy, the stupid, and the poorly educated like me. Whether you have zero dependents or a hundred, your tax obligation does not change. Whether you donated nothing or all your income, your tax obligation does not change. Why can’t we have that?