Tax system favors the "wealthy"
Instead of an income tax, we should have an expense tax. Every time you make a purchase we should pay around 10-13% in Federal Sales tax, on everything but groceries and fuel (heating, transportation or otherwise). There should be zero, zippy, none, nil in other words null income tax. It shouldn't be. There is no reason to associate deductions and dependents and the like to your income; we should focus on what you purchase.
The benefit to this approach is that EVERYONE will pay 'their fair share' as the President and leading Democrats love to say. Now that guy buying the $20 million dollar house isn't in a special income tax bracket on the 100K he took as salary (while he made 900K in capital gains), he is instead forced to pay a 2 million dollar Federal expense tax. Figure this, the average middle-class American family probably purchases 2-5 homes and 4-10 cars in their lifetime, they would pay relatively high tax costs for these goods; however, they pay no income tax to the Federal government. So they are now keeping anywhere from 10-30% of their salary, that is a lot of purchasing power reinstated.
Hopefully America someday will realize what it means to have a 'fair share' tax code.
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