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The top 10% already pay 65% of the federal tax burden. I'd prefer to see a less "punishment" motivated approach and make up the difference needed with strategic
by cpursley 12y ago
The top 10% already pay 65% of the federal tax burden. I'd prefer to see a less "punishment" motivated approach and make up the difference needed with strategic budget cuts.
I'd also prefer to see a move away from the divisive progressive income tax towards a tiered national sales tax. We should be taxing luxury items the way Singapore taxes automobiles.
This would allow low income earners to keep their entire paycheck, encourage thrift for the middle income earners and destroy the tax evasion mechanisms high income earners employ.
- cpursley 12y agoBMW at $260,000 as Singapore Tax Keeps Cars for Rich: http://www.bloomberg.com/news/2011-02-16/bmw-3-series-costs-260-000-as-singapore-tax-keeps-cars-for-rich.html http://www.bloomberg.com/news/2011-02-16/bmw-3-series-costs-...
- deleted 12y ago[deleted]