Ban my account ffs!
snowguy716
Atlas Star
Posts: 22,632
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« on: April 17, 2010, 01:58:09 AM » |
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In the absence of all other taxes and with a significant exemption, it would be okay. Otherwise we need to make the income tax steeply progressive so that the rich are paying a significantly higher amount of income as taxes.
The federal income tax brackets should be determined after all other federal, state, and local taxes are figured in in order to assure that they remain progressive.
Also, close any foreign loopholes. Unless a person is living more than half the year overseas, they pay full taxes here in the U.S.
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