Quote:
Originally Posted by Redux
Pretty much explains why I support a progressive income tax....and I still aspire to the top tier...even if it means paying a higher percentage marginal tax rate. (not that I expect to make that top 1%)
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Eh, the more I think about it the more I agree with Lookout's tax idea. I would change it to a small progressive tax then flat rate but the main point is to have a large sales tax. I don't know if he went into this, but I would make the sales tax "progressive" as well. Low sales tax for necessities (food, clothing, etc), higher for entertainment, and extremely high for luxury items.