So, what do you think the tax rate should be? You need to provide logical reasoning to why you think that the tax rate should be what you say.
I think it should be 16-30%. If you tax people too much, then you take money away from them that could be going into the economy. If you take their money away, they don't have anything to spend on entertainment and non-essentials, both of which are huge contributors to the well-being of our economy. Not only that, but many politicians think that we can just tax our way out of debt which we all (hopefully) know is not the answer. Income tax rates reduce the incentive for people to take a job, and when you place a high tax on businesses, they will seek out cheaper places to stay (even producing abroad). I've seen it happen over and over again. My city is home to the Jimmy Johns headquarters, but Jimmy is seriously considering moving his HQ to Florida because the taxes in Illinois are just so damn high.
Anyway, that's my opinion.
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Bearbeitet von HM Rob: 7/3/2013 8:37:05 PM5% to the federal government, 5% to the state government. Flat tax. Of each person's 5% to the federal government, 4% would be spent on the military, .5% on federal infrastructure, and .5% to federal welfare. Of each person's 5% to the state government, 4% would be spent on state infrastructure and 1% would be spent on state welfare. States would rely on themselves much more, and state welfare would be more used than federal welfare.