Quote:
Originally Posted by Professor S
1) Install a progressive flat tax: All income up to $38,000 pays no federal income taxes. Every dollar above that number is taxed at 25%. This way everyone can plan accordingly, and in the end the rich pay more in taxes simply because a far higher percentage of their income is above the $38k threshold. Also, no one is punished for succeeding. NO LOOPHOLES.
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This is the best way to encourage economic growth, and in turn raise tax revenue. Raising taxes is rarely about raising revenue -- it's just politics.