Forum Discussion
philh
Aug 06, 2019Explorer II
Yosemite Sam1 wrote:
As a first step, we can eliminate those tax loopholes for big business and the rich (I can incorporate myself and my vacation trip to Europe, disguised as meeting with a client, as tax deductible business expenses.
Corporations don't pay taxes, their customers do.
1. Eliminate all corporate taxes.
2. Spending matches tax receipts, no more.
3. Flat income tax
Office of Management and Budget publishes the complete budget in an excel file every year. It is most interesting reading, especially when you look at interest and social expenses. Ever think the push to keep interest rates ridiculously low is in our best interest? It keeps the govt interest expense down... for a while longer. At some point, that expense is going to exceed tax revenue. It also has another bad factor, it does not allow for the "cleansing" of stagnate corporations. Corps that should have gone out of business years ago, continue to borrow and borrow and borrow at cheap rates.
It will all come down, I expect within 20 years.
About Campground 101
Recommendations, reviews, and the inside scoop from fellow travelers.14,716 PostsLatest Activity: Feb 10, 2025