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.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (24520)1/12/2005 5:21:36 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 110194
 
Tax-free bonds, mortgage deductions, and other special preferences necessitate income tax rates of 38% just to raise 8% of total income.

Forget flat tax. An income tax, more progressive than our current income tax, could cap out at 15% were it not for the fact that most income is not taxed in America.

People paying income tax rates above 15% should wonder why they are such suckers.
.



To: Knighty Tin who wrote (24520)1/12/2005 6:25:45 PM
From: KyrosL  Read Replies (1) | Respond to of 110194
 
What about a hefty sales tax that excludes basic goods such as food and medicine and the first X dollars of rent/utilities?

Not only will it solve the problem of the underground, untaxed economy, but it will greatly simplify the tax code and even the playing field with the EU and other countries that directly or indirectly heavily tax consumption, and thus induce hefty savings rates and trade surpluses.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News