Tax inequality

Started Apr 14, 2012 | Discussions thread
coastcontact
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Re: Tax inequality
In reply to Lee Jay, Apr 14, 2012

We currently use a marginal tax system, also called a graduated tax, in which the percentage you pay in taxes varies based on your income. The higher your income the more you pay on that higher amount. The problem with our system is that lobbyists have sucessfully skewed the system with a variety of loop holes that have provided tax dodges for almost everyone. Our “taxable income” is not our real income. If we could eliminate all of the deductions and all of the special circumstances we would simply pay taxes on our real total income.

The wealthy have the money to buy the lobbyists that has created loop holes giving them more deductions and lower rates.

No matter who wins the next presidential election there is little likelihood that this will change. What has been posted here so far tells me the conservatives have no answer to your question.

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Coastcontact

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