Sunday, March 05, 2006

The harm of progressive, (bracketed) taxes

I’m not opposed to bracketing, (for progressive taxation) due to principle, but because it induces increasing complexity and unanticipated inequities. Each real or perceived inequity induces lobbying for their client’s compensating exception. Each instance to “fix” a specific inequity, generally results in the creation of new inequities. That’s a significant cause of our tax complexity and inequities.

Lower income taxpayers are not large contributors of political funds. Congress is not amiable to the pleas from non-contributors not organized into strong voting blocks. If we could, a flat tax rate for all types of income tax is preferable.

Please submit your comments regarding this blog.
Respectfully, Supposn


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