Quote:
Originally Posted by Joe C.
FAIR SHARE ??
10% of your earned income, no deductions, no write offs.
7% of your savings and investment interest ....no exemptions.
If you make 10 thousand dollars, you pay 1 thousand in tax.
If you make 10 million dollars you pay 100,000 in tax.
What could be fairer than that?
The reason I say 7% on savings and investment is to encourage people to save and invest.
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Not sure if your percentages are correct but do agree with the concept.
Our entire tax system has been corrupted by special interests getting congress to pass bills favoring individuals and businesses.
Govt takes a higher and higher percentage of gnp and go find someone who thinks they spend money efficiently while running huge deficits.