What is wrong with a flatter, fairer tax system. Tax the same % for ALL forms of income, wages, capital gains,?

I agree with you. However, the rich money hungry congressmen have money and dont want to pay large taxes. Not to mention those same congressmen sell their souls to rich businesses by providing them with tax write offs and exemptions.

Bill: liberals just have a different view of the world. You dont see me calling you a stuck up, pretentious snob do you? Be kind to everyone. And everyone deserves the same percentage taken out (wealthy or not).

Shitzua: your income is money made minus money lost and investments. Say you invest 10,000 in company A and 10,000 in company B. Company A takes off and your stock value quintuples and you sell for 50,000 while the prices are up, but company B tanks and you sell for 1000. You have now sold all your stocks and your net income is 51,000. But after investment costs, your gross profit is 31,000 because of your initial 20k investment.

The problem is calculating income. I make a living as an investor. My net worth has gone up 7 times in the last 3 years, but I lose money on some stocks too. I sell the ones that I lose money on creating a loss for tax purposes. Then I can sell some that I made a profit on to offset it. Net income zero. But I have plenty of money to spend.

That would probably work, but of course the howls you would hear from the 'rich' would probably deafen you. Tax free bonds would cease to exist. Screams of protest for sure. Capital gains are set at 15%....if the max tax was 16% the howls would increase considerably. Then there's corporations, who are now 'people'....they get away with 'passing through' their taxes so We The (real) People have to pick up their taxes as well as our own. Of course we could make an exception for corporations. Charge them zero taxes. Of course if they paid no taxes they would get no tax deductions either...wow....what a seamof protest that would be. You have a good idea, but it needs work. Back to the drawing board!

it could be done

suppose there was a small tax 2% on every exchange of money that exceeds some daily spending

say 200 ( about $16,000) a year

everything and progressive if necessary excanges in the tens of thousands could have 5%

might be done

Shizuka

I think it's a fine idea.

We would need to keep tax write-offs for reinvestment of income into growing one's business. That's sensible, since that money spent is a reduction in "income".

To that, I would add the taxation of foreign imports rather than US wealth-producers. The result is rather obvious - increased American employment while reducing the cost of American goods.

It's time for some real "fairness" in taxation - let's try policies that are fair to everybody and that favor Americans over foreign producers. Our nation's survival is at stake.

"The way to crush the middle class is to grind them between the millstones of taxation and inflation." – Vladimir Lenin

"There is only one way to kill capitalism—by taxes, taxes, and more taxes." - Karl Marx

Not anything. Shizuka brings the FAIR Tax to mind. Either one is better than the progressive tax scheme.

OK , then why not make rent and groceries a percentage of your income.