Re : a full 48 million American taxpayers, almost all of them earning under $40,000, don't pay any income tax at all. Yet another credit isn't likely to do a thing for such people. Their income tax bill is already zero.
Astounding, Karin! I think that the politicians have already solved this problem...tax credits that result in "negative taxes"...that is, the taxpayer gets a refund, EVEN THOUGH they didn't pay any taxes.
I would really like to see a true flat tax...seems most fair to me. No matter how much or little one earns, a person should be obliged to contribute to the overall "good" that government exists for. (I'm thinking defense, education, public infrastructure here, NOT the bloated government we have now.) IMO, we must move away from the never-ending tweaking and refining of the tax system, and instead focus on a simple, equitable system. Ahhh, but there's the rub, what's equitable to me is not to someone else.......
Hey, here's an idea...remove the taxing authority from politicians. They can still decide how taxes will be spent, but someone else decides how much money to give them.
Regards...Bill S |
