Quote:
Originally Posted by Undertoad
Corporate tax loopholes for political $upport is driving politics the wrong way. As long as we're throwing shit out there, let's have zero corporate tax, zero personal income tax, and 20% federal sales tax or VAT. Leave in place capital gains, as a form of VAT on investments.
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What I don't like about that is that you and I, probably, will be taxed on 100% of our income, because we spend it all. Someone else, who makes a lot of money, may on spend, and be taxed on, half of their income. I can't say that it's good or bad, it just makes me uncomfortable.