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I know I am crazy with all my ...devil is in the details.Why not give up and listen to my simple idea...income it taxes...4 tiers...each raise in tiers only effects money made after that amount. ( if it was 10% up to 10,000 and 15% over 10,000...and you make 20,000...you pay 12.5%...only the 2nd 10,000 is taxes at 15%) ( numbers used just to make math easy not real percents)Very few loopholes...just the basics...home mortgage, Medical, and education. Not charity...or limited...( its used as a loophole...like Bill gates "donates 20 million...but its donated to his own Charity...) And what you want to buy after that is up to you...you want to spend 50,000 a car because you know what you got a 100,000 house and not the 200,000 one you could have got and you like cars and your not home often anyway and it fits your needs.the Sales tax system says if I value a nice care more then a spendy house...I should be punished. I would rather have a small house and be able to have a boat to go fishing on...should I be punished for that because what I value is not the same as someone else? Plus this leaves it very open to Buying lower tax rates with lobbyist...I am the auto company...I give 5 million to the candidate who says raise the luxury rate on cars from 40,000 to 50,000...
I know I am crazy with all my ...devil is in the details.
Why not give up and listen to my simple idea...income it taxes...4 tiers...each raise in tiers only effects money made after that amount. ( if it was 10% up to 10,000 and 15% over 10,000...and you make 20,000...you pay 12.5%...only the 2nd 10,000 is taxes at 15%) ( numbers used just to make math easy not real percents)
Very few loopholes...just the basics...home mortgage, Medical, and education. Not charity...or limited...( its used as a loophole...like Bill gates "donates 20 million...but its donated to his own Charity...) And what you want to buy after that is up to you...you want to spend 50,000 a car because you know what you got a 100,000 house and not the 200,000 one you could have got and you like cars and your not home often anyway and it fits your needs.
the Sales tax system says if I value a nice care more then a spendy house...I should be punished. I would rather have a small house and be able to have a boat to go fishing on...should I be punished for that because what I value is not the same as someone else? Plus this leaves it very open to Buying lower tax rates with lobbyist...I am the auto company...I give 5 million to the candidate who says raise the luxury rate on cars from 40,000 to 50,000...
