Your Ideal Tax Code

[PJ]

• Income and capital gains should be taxed at the same rate and be steeply progressive, with the top rate around 80%.
• Abolish the corporate income tax.
• Instate a 15% net worth tax on those with a net worth above $1 million.
• Instate a 100% inheritance tax on all inherited wealth.
• Eliminate the payroll tax cap.
• Prevent states and local governments from levying taxes and fund local governments through federal tax rates
• Eliminate most deductions and loopholes (keep a few like Children's tax credit, etc.)
• Abolish sales taxes, sin taxes, and all regressive user fees.

This might be an unpopular opinion, but IMO marihuana should be legalised and taxed

Not that unpopular. The voters in 4 states did that.

[PJ]

Antonio, why would you tax government benefits? Seems a bit redundant, no?

[PJ]

Antonio, why would you tax government benefits? Seems a bit redundant, no?

This provides a corrective to the situation where, by the very design of a program, people end up getting too huge checks from the government. For example, in most countries, unemployment benefits and pensions are based on previously-earned income, which means that wealthy people get comparatively more (and, since the income is pooled in the household, the problem gets even worse as one of the spouse keeps earning a high salary alongside said government benefits). Changing this system would be impractical both politically and economically, but at least we can still make sure that those who get the juiciest deals pay their fair share back to the State.

That's understandable, but IMO, it would make more sense to stop basing benefits off of previously earned income in the first place.