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The thread was started on a false or at least incomplete assumption. Be a single parent with kids and you are far better off at tax time than a married couple with kids in certain cases.
That said, yes our tax code should be changed.
Income: X
Tax Paid: X
Tax owed X
-------------------
Refund or amount due.
We get rid of the bloated IRS that way. We end the way politicians use the promises of tax breaks for votes. It takes 2 minutes to fill out your form. Heck, look at all the tree's we will save.
The thread was started on a false or at least incomplete assumption. Be a single parent with kids and you are far better off at tax time than a married couple with kids in certain cases.
That said, yes our tax code should be changed.
Income: X
Tax Paid: X
Tax owed X
-------------------
Refund or amount due.
We get rid of the bloated IRS that way. We end the way politicians use the promises of tax breaks for votes. It takes 2 minutes to fill out your form. Heck, look at all the tree's we will save.
Quote:
Originally Posted by LauraC
In my opinion, there should be no deductions, exemptions, credits. Income times a flat percent - withhold it/send it in.
Non-working spouses should get bupkus.
In my opinion there should not be any income based tax. It is counter-productive to a free society.
The free market becomes a cash cow for those with power.
Mafia shakedowns work, in the land of Fascism. Ask Mussolini.
I agree. If a spouse decides that they will not work, there is no reason that I should pay their retirement if the working partner dies without planning for their mates financial well-being.
Upshot though will be a lot more unmarried old men wandering the streets looking for their cheerios.
I do think that our tax code should be blind to a taxpayer's situation. There is no reason that a single person should get more withheld from their paycheck than a married person. I do think the tax code should be simplified and all deductions, besides the standard deduction, and credits eliminated.
I do think that our tax code should be blind to a taxpayer's situation. There is no reason that a single person should get more withheld from their paycheck than a married person. I do think the tax code should be simplified and all deductions, besides the standard deduction, and credits eliminated.
We should simply tax what we spend and nothing else.
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