I like to take out most deductions and favor fixed taxes.
No
income taxes is possible if we just collect taxes on gasoline, property
taxes, sales taxes... OK, it is not possible. However, just charge 10%
for Federal tax and 5% for state tax and 0% for local tax - sounds
reasonable?
Why punish folks for making more money?
I prefer no estate taxes. Why punish the savers and risk takers?
If
it happens, many tax preparation services/software companies, tax lawyers and
financial planners would be out-of-business but we have a easier life and the country would be more competitive.
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