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originally posted by: Boadicea
Could you elaborate please? I'm not sure what you mean in this specific instance... but generally speaking I agree; we're all triple and even quadruple taxed; income taxes, sales taxes, excise taxes, and on and on... That's one of my biggest gripes about the income tax on earned labor, because in practice and in effect, we not only pay our income taxes, as consumers, we pay corporate income taxes as well.... and as taxpayers, we pay for corporate welfare and loopholes as well.
So I would completely eliminate the income tax on earned income... and institute a flat tax rate for corporations and unearned income -- no credits/deductions, no loopholes.
originally posted by: AugustusMasonicus
a reply to: Boadicea
Well, if we were to institute a flat tax I would like to see all deductions eliminated. This way you cannot shelter your money by finding the countless loopholes we have now where many of them are only available to those who have the resources to exploit them.
Hahahahaha! Of all the dumb things in our tax system, you're worried about the child tax credit??? That's the least of our problems. The grand people get back per kid is nothing compared to the perks corporations get.
originally posted by: Foderalover . Do You think it is ok for the U.S. to pay people to have kids ? Ill bet You do if you have kids You do. Enjoy spending my money and the money everyone else worked for who actually pays taxes so You can have kids You cant afford !