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Mr. Vealey, predictably, does not define "the rich". From his perspective, I'm guessing it's anyone who makes $1.00 more than he does. That said, I'm in general agreement that the present tax code is archaic and riddled with 'exceptions'. How about starting with a national flat income tax rate of 18-20% with no deductions other than state income tax, local property tax, and home equity. Yes, that eliminates the mortgage interest deduction, but let's replace it with a home equity tax credit proportional to the equity in one's home. Such a move would incent equity in your home instead of rewarding debt. I'd support a national sales tax if, and only if there is a repeal of the 16the amendment which was enacted as a 'modest' 3% tax on income for the purpose of funding the Civil War. This is much like RI's 'temporary' income tax of 1% in 1947. All of which confirms a basic truth: Government will never, ever, ever, ever have enough of your money.

From: A redistribution of wealth

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