captnjoe Wrote:
Feb 26, 2013 6:38 AM
To make it work, the rate would have to be more like 18%. Exempt the income earned up to the poverty level, then tax all earnings over that. It's easy in concept, but there are no pols with the guts to do it. Not being able to favor certain groups or industries with tax breaks will diminish the power of the politician. No pol is going to give up power.