Gilchrist Wrote:
Nov 24, 2012 2:46 PM
Romney was WRONG. That 47% of tax payers includes people who are getting hit with 6.5% in payroll taxes; a regressive tax system which does not apply to capital gains, interest, or wages and salaries over $110K. If you want a "fair" system, we need a flat rate excise on all income with no exclusions, deductions, credits, or preferential treatment of of particular types of income [you may accuse me of being a hypocrite, because i want to treat capital gains and interest differently -- the cost basis of a capital gain should be indexed for inflation and a portion of interest excluded to preserve the value of principal against inflation in order to tax only REALincome].