Quote:
Originally Posted by kevman
Can we not ignore the personal exemption when we talk about tax rates? It makes a huge difference in the overall picture.
Myself I'd like to see a flat tax rate with no deductions. Deductions seem to only benefit those that can afford the accountants to find them. Keep it flat. Get rid of the deductions. Increase the personal exemption limit. Raise the tax rate to satisfy the revenue requirements accordingly. Simple and fair.
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Thats the glory of a consumption tax pure and simple. No paperwork, no deductions, no messing around to save pieces of paper for the better part of a decade, and relatively stable and secure funding for the government.