Silence Dogood
Well-Known Member
- Joined
- Jun 16, 2015
- Messages
- 292
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- 454
Completely agree about the EIT.
Here lies the problem with revamping the tax code in America. Everyone is out for what benefits them personally.
Correct me if I am wrong. I take your postings in this thread the charitable donations, home mortgage, money put into retirement accounts to be deducted would benefit you, therefore those credits are okay to keep. At the same time the EIC does not benefit you, therefore it is bad.
I am 100% for a flat tax. I have posted that several times on VN. IMO, if the tax code has credits, it is not a flat tax.
I think a dollar amount , such as Paul's $50,000 , and we all pay the same tax percent on ALL income above that. NO deductions- NO loopholes
Here lies the problem with revamping the tax code in America. Everyone is out for what benefits them personally.
Correct me if I am wrong. I take your postings in this thread the charitable donations, home mortgage, money put into retirement accounts to be deducted would benefit you, therefore those credits are okay to keep. At the same time the EIC does not benefit you, therefore it is bad.
I am 100% for a flat tax. I have posted that several times on VN. IMO, if the tax code has credits, it is not a flat tax.
I think a dollar amount , such as Paul's $50,000 , and we all pay the same tax percent on ALL income above that. NO deductions- NO loopholes