Yesterday, 07:12 PM
Not to start a new thread but to continue on.
My tax plan. Some will like it and some will hate it. I personally hate tax due to that all tax is wrong and all tax is counterproductive in the long-run. I use to like the Fair Tax Act, pay your tax at the register and boom that would be the end of it. After working for the state, I see the damn lie sales tax is and always will be. Taxing the movement, production, and selling of some form of product or service compounds government growth through more ways to tax and hurts the little mom/pop business. It makes for more regulation against businesses and more confusion. Sales tax would increase lobby powers. Sales (in NC it is called Sales & Use) tax would grow government and make it more prone to debt. Sales tax ultimately gets passed down on consumers. We do not live in a government free world nor a perfect world. Enough of me complaining about the Sales tax.
Out of all tax, income has seemed to be the simplest way to gather tax. (Waiting for pitch forks and torches from some on here, love y'all =])
My tax plan is called the Cap and Simplify Tax Act or CAST Act for short
I would eliminate Corporate, Custom Duty, Excise and Death/Gift Tax.