Because the present tax code "rewards" high income earners with far higher tax rates on the amount of income that pushes them into the higher tax brackets.
I think the only way to resolve this is by way of a national retail sales tax. I like the FairTax in theory, but I think in practice it might not be the most practical of solutions. But given a choice between the FairTax and the current tax code, I'll go with the FairTax.
I’ve not come down on the plan I like the most. I say this because I have long ago accepted that our government players could screw up the simple act of driving a nail with a hammer.
They will find a way to screw up any plan that would have worked.
If we sign on to a national sales tax, they’ll still keep taxing us based on income too. I don’t trust these people at all.
In California I am now paying 9.25% sales tax, plus income tax, plus gas taxes, plus exorbitant vehicle registration fees, plus employment license fees, plus a myriad of taxes on our utilities intended to make life easier for a myriad of ‘special’ people, plus...
I mean, it never ends.
Must make the 45+% pay like everyone else. I think a flat or fair tax is best. no VAT, that’s a trick. Eliminate the IRS Terror tax or institute a poll tax (that’ll stir em up)