For those of you who think a 0% income tax is laughable and insane, please stop for a moment and think about this... we pay all kinds of taxes at the federal, state and local level. An "income" tax is one form of revenue and is obviously based on our hard earned income levels. By abolishing the "income" tax that allows for countless write-offs, our federal government can adopt a "Fair" tax or "Flat" tax that would charge a fixed percentage rate on ALL purchases aka a point of "sales" tax. That would be SUPER FAIR for people at ALL income levels as opposed to our current tax system where people and corporations get away with paying NO INCOME TAXES by taking advantage of the countless tax write-offs, thereby reducing their gross income so they can reduce the amount of federal taxes they pay or none at all.
I am only for instituting a "Fair" tax system if and only if we get rid of the federal "income" tax. I want to replace one with the other, not pile on an additional tax as in the Value-added tax adopted by the European Union that Mitt Romney wants to implement if he were to become president.
I would also like to state that class warfare would also be done away with entirely if we were to get rid of the "income" tax.
I would also like to state that class warfare would also be done away with entirely if we were to get rid of the "income" tax.
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