Since it is, I'd just as soon not be taxed a second time which in my situation that's EXACTLY what a national sales tax does. I'd also like to see a law in place where we have a balanced budget requirement at the federal level with exceptions for time of declared war or natural disaster.Īgreed, Hell, I'd even be willing to somehow absorb the double dip if I thought there was even a "snowball's" chance Washington was serious about balancing the budget and cutting out the freebies but we all know that's a pipe dream. Or at least be locked into a tax rate that never rises say at the age of 50.
With people saving so little for retirement and those living on fixed incomes, while I realize its probably not feasible, I'd like to see senior citizens exempt from all taxes - federal, state and local. As it is, I don't have to pay taxes on SS income because I already have but with a "Fair" tax I'd pay an additional 30+% every time I go to the store. As we've already seen, loop holes and carve outs tend to creep over the years.Ī three tiered sliding scale might be a better idea, but there are so many professional tax cheats out there (lawyers and lobbyist's) that probably wouldn't work either.Īs for the consumption tax proponents the likes of Huckabilly and O'Riley support, that would really screw those of us that are living on Soc-Security and retirement because we've already paid taxes on the money we spend. I like the majority of what he's proposing but I'd prefer to not see any deductions. One of the few targeted tax breaks it would retain is the earned-income tax credit, a wage supplement for lower-income working families.
The plan would eliminate many deductions but preserve two widely used ones, for mortgage interest and charitable contributions. Rand Paul is pledging to ‘blow up the tax code and start over’ with a federal flat tax of 14.5%. Presidential candidate’s plan would also eliminate payroll tax and cut back on many deductions
0 kommentar(er)
