Comment: 4/25/2005 I'd like to see the following concepts to be included in a national tax system: 1) A Flat Tax with a threshold income level (allows the politicians some playing room) and NO deductions (and that includes deductions for home ownership! I am a homeowner) 2) Elimination of Double Taxation on Dividends by allowing corporations to deduct dividend payments ... individual would be taxed on dividends. 3) Index Capital Gains and pay at the Flat Tax Rate - you should be taxed on purchasing power, not inflation gains. 4) Treat ALL individual income as the same ... earned, investment, inherited, won, interest, etc., etc., etc., all with NO offsets, NO deductions Other than the threshold, no social engineering through the tax system. Jeff Armstrong Towanda, IL 309-728-8062 jjarmstr@starband.net Second comment: My concern with a national sales tax is the double taxation on current savings. |