The philosophy of taxation
by BeijingIrish (2024-02-17 12:59:27)

In reply to: PBR Poll on Possible Federal Revenue Enhancements....  posted by Raoul

Cannot Reply Return to Political

This topic is way outside of my wheelhouse, therefore, I will first ask a question: If we are to reform the tax system, should we not determine at the outset if we will tax savings (income) or consumption? My question implies that you should not tax both.

At this point, I’m sure you can see where I am headed. Proposals for either a flat tax or a Fair Tax (per the law put forward in Congress) are not included in the options listed in the initial post. Why not?

I have no answers on this one, but I’m sure some of you do. I like the idea of Fair Tax, but I am not sure what the implications are for revenue generation. What I really like is the proposal to repeal the 16th Amendment and disband the IRS. I’d go further and suggest that IRS employees be sentenced to long prison terms at hard labor. I mean, Leavenworth just sits there, half-empty. Let’s use it.


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