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HeyBub[_3_] HeyBub[_3_] is offline
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Default Rest iN peace, Mr. Jobs

Han wrote:

We need to simplify the tax code by eliminating many of the loopholes
and preferences, and tax the wealthier at higher effective rates.
Both corporations and individuals. Payroll taxes have been going up,
as have state and local as well as sales taxes. That has put more
and more of the burden on lower wage earners, while higher wage
earners and those not relying on earned income have gotten a break.
It's time to put more purchasing power in the hands of lower income
people.

And, while not really rich, I always have been comfortable.


The REAL inequity is that 49% of the population pays NO taxes at all! How is
that fair?

I'm with you on eliminating loopholes. There are two goals of the tax system
as it is currently implemented:
1. To raise revenue.
2. To foster (or suppress) social activity.

For example, we think that home ownership is a worthwhile thing, so we give
a tax deduction for mortgage interest payments. We think smoking is bad, so
we put a confiscatory tax on cigarettes.

Only if you are willing to give up the social goals sometimes associated
with taxation will you be able to make the tax system "fair."