Wednesday, August 3, 2011

What if tax brackets worked this way why can't the rich pay 70% on the first few 000 dollars too flat rate p?

The Income Tax cannot be fixed in an equitable manner, because it is not administered in a way that it is written. Income is not defined in the code, but has been by court cases. If these were adhered to, then people would not pay the tax on their labor. The rich would pay tax on all money made off of their gains and investments which is as it should be. The tax was meant to be a tax on wealth and not a tax on labor. Labor is man's property and should not be taxed and is very finite.Some people get the withholding tax mixed up with the income tax when discussing it.

No comments:

Post a Comment