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To: Jet Jaguar
This is example #7,642 why real tax reform is so difficult.

How about a tax code that taxes all income, including transfer payments, including pensions, including military pensions, the same.

I remember proposals over the years from many scattered places to exempt the pensions of policemen, firemen, teachers, etc. from taxation. The rationale given is that our public servants have made such an incredible financial sacrifice by taking a public salary all these years. While the reality is that public sector incomes outstrip private sector incomes by a wide margin.

I don't begrudge anyone what he has earned, but income is income and ought to all be treated the same when it comes to taxation. In a rational tax code, that would include fringe benefits, 100 percent of Social Security payments, all welfare benefits, etc. Broaden the base and lower the rate. We broaden the base by treating all income the same.

34 posted on 11/08/2014 3:40:08 AM PST by sphinx
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To: sphinx
I don't begrudge anyone what he has earned, but income is income and ought to all be treated the same when it comes to taxation. In a rational tax code, that would include fringe benefits, 100 percent of Social Security payments, all welfare benefits, etc. Broaden the base and lower the rate. We broaden the base by treating all income the same.

Yes, yes and yes. It'll never happen because everyone thinks they are special and should get a break.

37 posted on 11/08/2014 3:53:12 AM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: sphinx

Abolish the IRS and the income tax.


44 posted on 11/08/2014 4:18:49 AM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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