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Article #75Re: Income tax repealed...maybe...
From: Mborealis
Date: Thu, 20 Jun 1996 00:00
Date: Thu, 20 Jun 1996 00:00
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1688 bytes
This system would place disproportionate burdon on lower income citizens. Not that the current system is a paradigm of fairness... Figure: Citizen A makes $20k/yr, Citizen B makes 100k/yr. Both spend the same amounts on necessities of life (food, rent, etc.). Both pay 15% on those purchases. Let's say both manage to do it for only $16k. Citizen A clears $4k for the year, and Citizen B clears $84k. While Citizen B works hard for his money, It seems unfair that his share of the cost of government should be 16% of his income, while it is 80% for Citizen A. The current system of taxation is badly in need of reform. I think it should remain somewhat progressive, and tied to income level, certinly not in the form of a sales tax. Greg G. PS I am a student of economics, and a pragmatist, please do not waste everyones bandwidth flaming me as a 'communist'.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 10675b,c130b71215087dba X-Google-Attributes: gid10675b,public X-Google-Thread: 108bc6,c130b71215087dba X-Google-Attributes: gid108bc6,public X-Google-Thread: f49ec,c130b71215087dba X-Google-Attributes: gidf49ec,public X-Google-Thread: 101049,c130b71215087dba X-Google-Attributes: gid101049,public From: borealis@cais.cais.com (Mborealis) Subject: Re: Income tax repealed...maybe... Date: 1996/06/20 Message-ID: <4qbenm$7k7@news2.cais.com> X-Deja-AN: 161189269 distribution: usa references: <4q7stf$uv@nntpa.cb.lucent.com> followup-to: cle.general,nyc.general,dc.general,boulder.general organization: Capital Area Internet Service info@cais.com 703-448-4470 newsgroups: cle.general,nyc.general,dc.general,boulder.general