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Politics : PRESIDENT GEORGE W. BUSH
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To: DuckTapeSunroof who wrote (742851)6/17/2006 8:57:41 PM
From: Peter Dierks  Read Replies (1) of 769667
 
RE: The immoral Death Tax.

"Sales taxes, income taxes, property taxes, 'user fees', corporate dividend payouts, etc."

You have a point. If we could limit the government to a single method of tax collection it would limit their ability to grow without limit. It is not clear how that would work though. For instance many taxing jurisdictions do not levy income taxes, choosing to go after property instead. The Feds choose to go after income and import duties as well as a variety of fees which are primarily targeted at business.

It certainly is true that property taxes become a holding cost for assets help in property. That is probably wrong as well...

"there is GREAT NEED for tax reform and simplification in MANY, MANY areas."

Good luck with that. The lawyers and accountants are strong lobbies that are solidly against any reform of the tax code. If it were easy, they and all of the other tax preparers and tax preparation software would lose a huge revenue stream. They probably don't even have to lobby to have their positions known.

If we could limit taxation to a single income event for all purposes, it would be much more transparent and probably keep all governments poor. Poor governments don't waste as much money.

At the same time, it does not change the fact that the death tax assessed on the corpus of the estate is immoral.
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