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On Mon, 17 Aug 2015 13:35:44 -0500, amdx wrote:

On 8/17/2015 12:00 PM, wrote:
On Mon, 17 Aug 2015 07:53:04 -0400, Keyser Söze
wrote:

BUT we have more than $800 billion for the very rich in
tax subsidies and breaks every year

Maybe you would like one of the flat tax guys.
When Forbes ran the numbers a few cycles ago, he showed a 15-19% flat
tax with no loopholes was harder in the rich than the thousand page
tax code we had at the time.
If you believe the hype, it is better for them now than when the flat
tax was proposed.
With a good sized exemption, I am not sure why it wouldn't work.
The problem comes from all of the special interests who thrive on the
tax code the way it is.

I would do away with rich people and corporate welfare this morning if
I was king. That is usually just the payback for a huge bribe. hmmm
"contribution"

What corporate welfare would you start with?
Mikek

Tax breaks for companies that moving jobs offshore.
Tax breaks for executive "perks". That should be reported as ordinary
income.
Eliminate a vast number of the federal subsidies given to fund things
that do not make sense but are just politically popular..