So, here's the facts that led up to my idea:
1: The government spends more than 60% of the money I give it on various charitable donations to the unfortunate.
2: I can claim tax deductions for all charitable donations.
Therefore, why shouldn't I be able to claim on my tax forms a charitable donation in the amount of 60% of the taxes I paid in the previous year?
After all, the money went directly to charitable causes.
Because that would make too much sense. Which brings me back to the idea of a flat tax......
I think that we should do away with income tax and all the controversy that comes along with it. Instead lets just have a larger sales tax (not on food though so it won't hurt the poor/starving) then it's as simple as this:
-If you buy a lot of crap, you have to give the government a bunch of money
-If you don't buy a lot of crap (or buy mostly food) you only have to give a little to the government
And as an added bonus you can get rid of the hulking inefficient tax collection system (or at least cut it down to a more reasonable size) because the government now only has to collect the sales tax that businesses take in. They don't have to worry about individuals not paying taxes.
You mean you want a deduction for charitable contributions the government makes to the banks and auto companies? You funny!
I think there should be a federal flat income tax rate and NO deductions - period! Pay on every dollar you make the same percentage whether you make billions or pennys. Imagine the simple tax forms we would have. Imagine how people would not be require anymore to handle an unfair tax code. States should do the same.
I know, I know, I'm dreaming. Those rich people are not going to give up their massive deductions that allows them to pay less (percentage wise) than common folk. Did you know that Warren Buffet pays less (percentage wise) than his employess?
I think that we should just do away with the government all together. No government, equals no taxes of any kind. Then all we have to do is to figure out how to deal with all the chaos and anarchy that follows.
They let several smaller banks go under (ie bankrupt). The big banks with their "corrupt-tributions" to politicians just went "bank corrupt".
I always wonder why government employees pay taxes, because they're paid with tax money, which the government just takes back again. Weird.
If you like a lower tax, you can move to another country which is low tax policy.