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Friday, March 18, 2011

Tax Reform

I have a tax reform proposal that will, I'm sure, warm the hearts of all Republicans. The proposed "income tax" is as follows: the annual tax will be $100,000 less 50% of your taxable income. Hence, a person making $10,000 a year would be taxed $94,000. A person making $50,000 a year would be taxed $75,000. A person making $100,000 would be taxed $50,000. A person making a million would get a government subsidy of $400,000. And so on... After all, it's the little people who create all the expense for the government. They should pay for the services they receive. It's the BIG people who create the wealth. They should be encouraged through subsidies to do more wealth creation (for themselves, of course).

On second thought, I'm not sure this tax system is much different from the one we already have.

Oh well...


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