Pages:
Author

Topic: Should income tax be abolished? - page 5. (Read 1178 times)

hero member
Activity: 1492
Merit: 763
Life is a taxable event
July 14, 2018, 09:13:17 PM
#1
I believe that income tax should be abolished.

I live in the US, and I don't think income tax is fair.


One of the reasons is that the median person will have to pay income tax and then a sales tax on food. Also you have to pay income tax and then property tax on your house.

Another reason is that from when income tax was established the tax brackets seem to have moved downwards. That is to say that poorer people have been getting progressively taxed more. It may help to start taxing people above a living wage of $35,000 but I know that's not going to happen.

(For reason number 2, I believe that the brackets have primarily moved down due to the hidden tax of inflation, which means that you get triply taxed the longer you hold your money)

What do you think?
Pages:
Jump to: