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Personally I'd rather see the loopholes get closed instead of adding a tax on consumer goods. Remove some of the loopholes for trusts that let people avoid inh
by fredophile 5y ago
Personally I'd rather see the loopholes get closed instead of adding a tax on consumer goods.
Remove some of the loopholes for trusts that let people avoid inheritance taxes. Add another tax bracket or two for capital gains. Get rid of the carried interest loophole.
- landemva 5y agoThere is merit to closing loopholes. It seems difficult to implement considering how codes and laws are actually crafted. Huge business of leeches creating tax code and then helping people to utilize the tax codes to maximum effect. Straight consumption tax (excluding uncooked food) and it becomes very simple to implement. And nobody would file a personal income tax again. Employers would not do payroll tax withholding so wage slaves would get an immediate increase of take-home pay.