Latest tax reforms just more of the same old insanity

I'm reading about Trump's latest tax reform proposals what a freaking mess. Why can't we just get one thing right every 100 years. Why can't we just get rid of ALL the deductions and just have 3 progressive flat rates. Just end the insanity once and for all.

And please, why do we have static tax tables. My God! NASA can land a space ship on Mars but we can come up with a tax law that takes into account wage inflation. My God, the math illiteracy is just stunning. Make the flat rates be a percentage or multiple of the median wage. NO MORE TAX TABLES!

And just get rid of corporate taxes altogether. Corporate taxes do nothing but hurt the economy. Workers are where the value of money comes from. Why can't we make this country great again on just ONE thing.

originally posted by: dfnj2015
I'm reading about Trump's latest tax reform proposals what a freaking mess. Why can't we just get one thing right every 100 years. Why can't we just get rid of ALL the deductions and just have 3 progressive flat rates. Just end the insanity once and for all.

And please, why do we have static tax tables. My God! NASA can land a space ship on Mars but we can come up with a tax law that takes into account wage inflation. My God, the math illiteracy is just stunning. Make the flat rates be a percentage or multiple of the median wage. NO MORE TAX TABLES!

And just get rid of corporate taxes altogether. Corporate taxes do nothing but hurt the economy. Workers are where the value of money comes from. Why can't we make this country great again on just ONE thing.

Even easier would be a consumption tax with zero deuctions. Then EVERYONE pays taxes for government services based on their spending (normally based on income). Might help some families cut some unnecessay spending as well...

a reply to: dfnj2015

Then what would you do with all the unemployed IRS agents?
I'm thinking firing squad..

a reply to: dfnj2015


Because workers don't buy politicians, as they are too busy buying groceries and paying taxes. The 'Richies' have a team of workers looking for ways both legal/illegal to dodge those taxes.

When/if they do pay taxes, it usually consists of a tax deduction to politicians that their business interests butt up against.

Maybe it'll 'trickle down'?

a reply to: dfnj2015

I agree our tax system is insane. It's ridiculous that people have to pay to have their taxes done because of the ever changing tax codes. I would be fine with a 15 or 20 percent fixed tax across the board. They should also put an end to offshore banking by the rich. Stop the deductions and loopholes and have everyone pay a fixed rate.

Adios IRS. Unfortunately, it will hurt those people who have careers as accountants.

End the fed, abolish the illegal income tax.

Use a flat rate. Problem solved.. oh wait, we can't solve that problem, then the government won't have enough money to waste on wars and social programs.


ETA: The one thing that really makes me angry about taxes is that the government double and triple dips. Like if I want to hire employees, not only do they have to pay taxes, but I have to pay taxes to employ them... so dumb..

a reply to: Bluntone22

Have them work on past due collections.

It's funny how certain topics on ATS get tons of posts. And others people have no opinion at all. It's almost as if the people posting here will only comment on topics coming out of the echo chambers.