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how about the optional tax?
Wouldn't it make more sense rather than taxing the rich into avoiding tax that governments should issue some sort of government bond that cannot be transferred and is 5 years or something. This way everyone would have the straight choice to either pay 20% income tax(or whatever flat tax) or put 30% of there income into these bonds. Then the government can invest in infrastructure/ whatever else that can benefit the countries and increase the countries liquidity and keep the middle income/ high income people happy :D would that be so difficult ?
ye but if people including the rich were given this choice, then tax avoidance tactics could be banned as there would not be necessary for the rich, it would make more financial sense for themselves to participate in this new initiative than participate in tax avoidance
2 Answers
- troLv 79 years agoFavorite Answer
present your idea to your senators and representatives, they are the ones to enact tax laws
- chatsplasLv 79 years ago
The problem right now is that the 1%, the wealthy like Mitt Romney are NOT paying their fair share of taxes
Middle class tax payers (like me!) are paying 15%, 20%, 28%, 33% of their income in taxes. But Mitt pays LESS than 15% in the only two years' returns he released, about 13% he said. And he played games with tax rules and has HUGE sums in his IRAs. And he's got money offshore he's playing games with to avoid paying taxes to USA.
Source(s): tax pro