Sounding Off on the Issues: Tax Reform

I am of the opinion that the federal income tax system is broken.

I am in favor of one of two options to reform, rebuild, re whatever you want to call it with the federal tax system.

First, I support a federal sales tax to replace the income tax. I would agree to a sales tax on everything but un-prepared food, that is, food at a grocery store. I would support raising the tax on items such as tobacco and alcohol in tandem with this.

If that was not an option and we had to remain with an income tax of some sort, I would have to say the best course of action is a flat rate tax. That is, everybody pays their fair share. Everybody pays the same percentage. That would seem fair to me. For instance, if you only made a dollar, you only pay in a dime (if the rate was 10% for example). If you made 1 million dollars, you would pay in $100,000. That might seem a little extreme but I think everyone should pay their fair share, even the billionaires. And I don’t think by doing this we are “punishing” the wealthy. The way I look at it, the wealthy are always going to be the wealthy and the dirt poor and always going to be the dirt poor.

Those are the two best options I can see for reforming the current tax system.

Advertisements

4 thoughts on “Sounding Off on the Issues: Tax Reform

  1. off subject…Do you live in Cumming, GA? I get hits from there that have visited your site.

  2. yup, wow…this makes two issues we agree on otter…yikes!
    BTW- Merry Christmas and Happy New Year from my family to yours.
    -redstater

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s