[americanophile]

One more argument for a more uniform, flatter and more broadly-based tax scheme. While I don't think it makes sense to tax investment capital at a higher rate, it doesn't make much sense to punish people who are drawing a meager salary either. The only way out is to gut federal spending and lower the rate across the board.

[BenKenobi]

Texas does just fine without an income tax. I don’t see why the feds require one.

Tax consumption. Say they put a 5 percent tax on every purchase, rather than 300/month that I’m effectively paying, I’d see 300+ net on my check at the end of the month. As my expenses are not 6k a month spending, my expenses come out around 200 a month.

I’d net 280 every single month, and around 3k a year. That’s big, big money for someone like me.