3 ms·
Fair for whom always needs to be discussed when talking about fairness. I personally like the sales tax idea, or even a flat tax - in the sense that everyone p
by johncessna 5y ago
Fair for whom always needs to be discussed when talking about fairness.
I personally like the sales tax idea, or even a flat tax - in the sense that everyone pays the same without all the loops holes, deductions, exemptions, that exist to gain corporate favor, buy votes, or push agendas.
The problem with both of those is it isn't fair for some, specifically folks in the lower income brackets.
- annoyingnoob 5y agoI don't have all of the answers but our current system taxes labor at a higher rate than investments, which creates a 'trickle-up' effect because the most wealthy make most of their money from investments. Then enforcement tends to hurt the little guy more. There is not much fair about our current system, so lots of room for improvement.
- bena 5y agoSales taxes are regressive. A 10% sales tax is more of a poor person's income than a wealthy person's income. Flat tax is also funny. Because it doesn't mean getting rid of loopholes and deductions, it means taxing every dollar the same. Effectively raising the taxes on those making less. Right now we have a progressive tax rate. Where the first X dollars are taxed at A%, the next Y dollars at A+5%, and so on. Deductions would still exist because at some point someone is going to make a good point that that money was just taxed. Or that the money went to the same goal as the tax would have. Deductions are there to find out what your taxable income is. It affects how much you owe because 10% of 900 is not the same as 10% of 1000.