"Fair Share"

[Riot]

Originally Posted by Rupert Pupkin

I'd like to see a two-pronged approach. First I would like there to be a national sales tax of somewhere around 5%. If we had that, then we could lower everybody's income tax.

When it comes to income tax, I think it should be some type of progressive system. Maybe if you make under $40,000 a year, then you would pay no income tax. For anything a person makes over $40,000 up to $250,000, they would pay 10% in income taxes. For anything a person makes over $250,000 up to $1 million, they would pay 20% in income tax. For anything a person makes over $1 million, they would pay 30% in income taxes. Something like that seems reasonable.

In addition, I would like to see most of the loopholes and write-offs eliminated. It is ridiculous for some of these people making millions to pay no taxes. We need to get rid of the loopholes and tax shelters that allow people who make millions to pay no taxes.

I don't know if my system would work (because I have no idea how much money it would bring in), but assuming it would work, I think it is reasonable. If you make more money, you would pay a little more in taxes but nobody would be getting taxed to death.

In addition to wanting them to change the tax system, I obviously think the government needs to cut way back on their spending.

Adding a national sales tax would financially kill people making less than $50,000 a year, just decimate them financially, worse for those making less than $25,000.

I agree that a progressive system in federal taxes is good, especially when you have regressive state and local taxes that hit the poor the hardest.

You can't get Congress to even consider eliminating a tax break, loophole or subsidy. See what just happened with oil company subsidies. I remember Bush laughing when they picked the expiration date for his unfunded tax cuts. We knew it was coming, and so did the GOP. And they calculated right: they wouldn't be the ones in office when they expired.