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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (91389)	10/22/2008 2:48:41 PM
From: TimF	Respond to of 541638

I agree there is an efficiency penalty, wrt to tax prepartion, that could be somewhat addressed by making the tax code less complex Which would also have many other benefits outside of the narrow area we are considering. As another examples along those lines, the employee/employer split in FICA is all smoke a mirros, get rid of it as well and make the employee see 100% of it as a "deduction" from their own pay Not a bad idea, but I'd give you long odds against it ever happening. (LOL, they would get a pay raise, and then see it all vanish in "higher" tax). I wonder how other countries deal with similar taxes. If they do treat it all as a tax on the employee (which effectively it is), than that would distort comparisons of wages. Also to an extent it distorts measures of how wages have risen over the years from periods when the payroll tax was lower.