Off-Topic: Tax Reform - Any ideas?
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Name:
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Barneget
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Subject:
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Tax Reform - Any ideas?
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Date:
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10/1/2011 11:20:21 PM (updated 10/1/2011 11:21:46 PM)
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Great concept, love the simplicity. Wonder, based on 09 filings, just how much revenue it could produce. My recall is that biz/Corp taxes and fees account for roughly 40% of fed revenue, and most thinking folks recognize that business taxes are a shell game with the cost ultimately borne by the consumer. Along with that, we have the 15.?% FICA. Maybe employers should be required to increase wages by the employer share of the FICA, put the full payment burden on the wage-earner, and since FICA winds up in the general fund anyway, adjust the suggested rates to include that. What would we do with the tax lawyers, CPA's, and support staff that are required to walk many of us through today's 72,000 page federal tax code? There is an entire business sector, as well as a federal agency built around the document. Maybe we should cure the spending disease before we attempt to fix the revenue side. Without the spending fix, which includes defining the role of government, there can never be agreement on funding required.
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