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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSimple and fair tax reform
Reverse the code. Earned income taxed at 15% or less. Unearned income taxed at 34% on the upper end.
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Simple and fair tax reform (Original Post)
safeinOhio
Jan 2012
OP
SoapBox
(18,791 posts)1. Ditto.
Democrats_win
(6,539 posts)2. Heck yes! It would sound good even if Mitt said it in French.
safeinOhio
(32,629 posts)3. or, carpenters
pay a lower rate than money changers.
IphengeniaBlumgarten
(328 posts)4. Sounds nice but...
Companies will just eliminate things like stock options in favor of much higher salaries.
Trillo
(9,154 posts)5. Your post kind of puts to rest the idea that we have a "progressive" income tax.
So, in reality, we have a regressive income tax. Yes, it should be reversed.
There's also a big regressivity problem with "fees". Local government in these parts seem to love them.