09-18-2017, 10:30 AM
(09-17-2017, 11:12 PM)StLucieBengal Wrote: The rates being where they are is why we have loopholes.
I agree no loop holes. Just a flat tax 15% and fund as much government as you can on that income.
(09-18-2017, 03:21 AM)JustWinBaby Wrote: Actually, I think a lot of loopholes are just legacy holdovers from businesses/industries that, at the time, needed and had justifiable reason for a carve out.
The tax code is just the perfect summary of everything that is wrong with Washington....namely that they almost never repeal or replace laws - I have to agree with John Boehner that we need to start judging Congress based on how many laws they erase.
I'm thinking maybe we need to pass a rule that every law needs 60 votes every 10 years in order to remain a law.
Yeah, our individual income rates are actually rather low when you look at it compared to the history of income tax in the country. This is especially true when you compare our tax rates to other wartime tax rates.
