Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: Win Smith who wrote (209559)	11/26/2012 5:08:34 PM
From: tbolding	1 Recommendation Respond to of 542839

news.yahoo.com

To: Win Smith who wrote (209559)	11/26/2012 7:02:05 PM
From: Metacomet	1 Recommendation Read Replies (2) \| Respond to of 542839

The progressive rate brackets in the current income tax are a minuscule fraction of the complexity in it. It's just not that hard to understand, or compute for that matter. What I envision is a total elimination of the existing code No classes of tax on labor vs tax on wealth, all income is viewed the same You get money, you pay tax...inheritance, wages, royalties, dividends, commissions...same, same Also no deductions Clean half page form You got X, remit some % of X I think that if you could capture all income, this might be a single digit levy