Eugene Patrick Devany Wrote:
Apr 07, 2012 10:33 AM
"Republicans and Democrats ... all agree that a government ... [does] ... use taxes to discourage ... [and encourage] ... certain behaviors. Better taxes: Individuals - If we taxed individual income at 8% and individual net wealth at 2% (over $15,000 and excluding retirement funds) we could replace all current federal revenue and eliminate regressive payroll taxes. Economic mobility would be created by keeping 92% of income. Business - An 8% corporate income tax and 4% and business value added tax (VAT) could bring in an extra 0.5 trillion (with rates lower than all major competitors).