SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: miraje who wrote (465445)9/26/2003 12:15:10 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
A-man! Cutting out tax shelters, 'special tax preference items', and special interest-benefiting loopholes galore... and then reducing overall tax rates by the equivalent amount of revenue is the ONE, and the BEST thing any politician could do to promote strong and stable economic growth in the US - and greater fairness in our system.

Reducing the spread between the highest and lowest tax rates (after X-ing out the loopholes), or even moving to a totally flat rate, is A-OK with me as well... if that is the price for eliminating the corrupting influence of loopholes.

There may even be some additional social benefits of moving to one rate - as you pointed out, tax compliance would go up with the perception of greater fairness in the system.

The overhead burden of tax compliance would be lifted as well... offering us 'something for nothing', a POSITIVE stimulus effect from removing the $300 to $400 Billion dollar annual cost of compliance from corporations and individuals.

Why, oh why, do all our Republicrat 'leaders' miss the boat on this? Why do they focus on the trivia and 'inside politics' issues, while missing the much bigger boat of lower, fairer taxes?