Originally Posted by brentbacardi

Three things!

1. Our country survived without an income tax for many years. Its not a necessity to run government. Some states still do not have income tax yet still manage to have state governments and programs.

2. Any high taxes imposed on anyone makes incentives for people and companies to MOVE OUT OF THE COUNTRY lol. I personally know a few small business owners from NY who just closed there businesses to reopen in states with lower state taxes. And I forget the company but I just read of a company that closed up in the USA to open in Mexico. WOW!

3. The real solution...... a step ladder progressive tax, with no deductions! I wrote this as a paper in a college class and madd profs gave me props! I did a lot of math with it (which i dont remember and will not redo lol) but basically, the lowest earning idk below maybe 20,000 or 30,000 with dependents or so pay ZERO taxes.

The next level of earners pays like 15% and the next level like 20%, no deductions and stricter write offs THUS, almost any business or person would not need to pay for tax accountants etc thus making their overall tax experience cheaper as well for those that use them.

Math wise, it worked out to about the same as what we collect in taxes now and for many they would pay about the same. Except those getting tons of deductions but then they wouldnt need to hire an accountant to get them all those deductions.

Its not perfect but way better AND realistic than anything I have ever heard on the subject.

Just a thought... lol