Author Topic: A new tax system  (Read 5359 times)

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Offline Oceander

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Re: A new tax system
« Reply #25 on: December 31, 2009, 10:54:18 PM »
I honestly don't think the current system can be fixed.

Neither did anyone in 1986, until the Internal Revenue Code of 1986 was enacted - that went a long way toward fixing a lot of the problems with the prior code, which had gotten all larded up with special gimmies like today's code.  We could do a lot worse if all we did was return to the '86 code (minus the AMT, of course).

Offline rich_t

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Re: A new tax system
« Reply #26 on: December 31, 2009, 11:21:04 PM »
Neither did anyone in 1986, until the Internal Revenue Code of 1986 was enacted - that went a long way toward fixing a lot of the problems with the prior code, which had gotten all larded up with special gimmies like today's code.  We could do a lot worse if all we did was return to the '86 code (minus the AMT, of course).

I stand on my previous statement.
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline rich_t

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Re: A new tax system
« Reply #27 on: December 31, 2009, 11:22:14 PM »
Abolish it and start over.

Start at a 0.1% flat tax and no debt spending.

I agree with the 1st part.

Not sure about the 2nd.
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944