Tuesday, September 27, 2011

Tax Code - Restart

Just as in the late 19th century, the tax code is now hopelessly arbitrary and unfair. It requires a complete overhaul.
http://online.wsj.com/article/SB10001424052970204422404576594471646927038.html?mod=WSJ_Opinion_LEADTop

How to raise the revenue necessary to pay the bills in a way that reflects ability to pay, but does not incentivise unnatural acts as the means to avoid paying?  It should be a tax code that does not result in billions in lost prodcutivity.  A tax code that can not be used as a tool for political calculus. 

Fair tax - when I read the book it made quite a lot of sense.

Flat tax - that would sure be better than what we have.

Corporate tax - wretched represser of economic activity, stupid.

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