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> You can't claim that taxation is a complex subject, yet begin by asking simplistic questions about it. Are you the only one identifying some of the sarcasm i
by robomartin 5y ago
> You can't claim that taxation is a complex subject, yet begin by asking simplistic questions about it.
Are you the only one identifying some of the sarcasm in my post? Good.
The idea of the tax code being "designed to benefit the rich" is beyond ridiculous. This is as ridiculous as me asking a simplistic question about the origins of any part of of the rotten stinking mess this tax code has become.
I'd much rather have a flat tax system with no deductions at all for anyone.
I would also propose that taxing businesses is wrong. Why? Because you tax the employees of the business already. Taxing the business stinks of double taxation and removes capital that could be used for growth and to create more jobs over time.
Think of it this way. Let's say ten people as a group product furniture and sell it. They make money and pay themselves salaries. They also pay taxes. However, let's pretend they can do this without forming a legal entity we call a business. The just do the work, pool the money, pay themselves salaries, pay expenses, pay taxes and life goes on.
Now we come along and say: Wait a minute! You are working together to make tables. Because of that, we are going to take another 30% in taxes out of all of you. It isn't enough that each of you pay 30% in taxes, we want 30% from what remains.
Sounds silly, doesn't it? Well, it is. At least I think so. Could be wrong.