Although it would be great for our economy if the original tax rates were in effect today. I don't see any way the revenue could support the enormous spending our Congress is hooked on. I would personally like to see a flat tax rate of ten percent on all incomes over $20,000, no deductions. This would end having to hire an accountant to do your taxes for you, making things very simple. Although the left would be whining that the rich were not paying their fair share. Of course the democrats want the 90% tax rate returned on incomes over $300,000 which is nothing but pure Communism. Unfortunately this is the road were on with the democrats in charge. Watch for the economy to crash shortly after the biggest tax hike in history goes into effect. Just remember, its the democrats fault, We told you so regardless of what lies the media will try to say to cover their butts.
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Although it would be great for our economy if the original tax rates were in effect today. I don't see...
Robert Moon
Apr 10, 2007 16:54
Better yet previous to 1913!! What was happening that year for the people to be so distracted that they ratified... [MORE]
Barbara
Apr 10, 2007 12:34
If the tax code is inevitably going to be made more complicated and "progressive" again, what's the point of merely... [MORE]
Mike Tennant
Apr 10, 2007 10:20
First, we have to cut spending!
Very few people are against lowering taxes. But how many have the fortitude to cut... [MORE]