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Our tax now is worse than flat. Warren buffet brags about paying less % than his secretary.
by ty6853 2y ago
Our tax now is worse than flat. Warren buffet brags about paying less % than his secretary.
- TimorousBestie 2y agoEither compare ideal tax structures with “no loopholes” (none of these exist in the real world) or compare actually-existing tax structures. Comparing your ideal flat income tax with the current system is apples to oranges.
- ty6853 2y ago>>Why don't they just make the special interests pay their own multi-trillion dollar war bills instead of sabotaging US universities with surprise taxes? >Either compare ideal tax structures with “no loopholes” (none of these exist in the real world) or compare actually-existing tax structures. Hence I cannot compare your suggestion with the current system as it is apple to oranges because loopholes would exist. My thesis is a flat tax would help to minimize the very loopholes you damn. The larger the tax code and the more it panders to particular interest, generally the more opportunity for 'loopholes.'
- westurner 2y agoWhen you say "tax loopholes" I think "corporate welfare," which is sometimes rational but typically exploited. A tax code with fewer loopholes would be more flat (or progressive).
- westurner 2y agoIDK if it's bragging or voiced concern.