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WHILE i AGREE THAT we need to fix the income tax code, the tax rates and brackets are NOT the major problem. Lack of adequate intake is the result of all the things in the code that have nothing to do with simply raising funds . The loop-holes,deductions,rebates, subsidies etc. are the real problem in making the deficit grow.
I want a country where politicians DO try to solve problems in logical ways without being influenced by "special interests" who pay campaign costs . Would term limits help? Unfortunately I don't see the hoped for change in Obama's last term toward an unbiased view because he needn't worry about re-election, yet.
In Response to Re: Limited to Within-Revenue:
Have to come back to The Question: What kind of country do we want?
If its a Plutocracy, then keep the current tax brackets and deductions/exemptions.
If you prefer Democracy, then we must stop the game-rigging on Wall Street OR find a way to mitigate its corrosive impact on society.
In short, while we cannot pass laws fast enough to keep the Mega crooks from finding new ways to steal, we CAN prevent them from keeping their ill-gotten gains. It's amazingly simple and it's been tested and proven effective from WWII until 1965 - the Eisenhower era tax brackets! To reverse the current disproportionate wealth distribution, increase the minimum wage to $19.00/hour, then scrap the tax code and replace it with a single standard deduction that would allow every tax payer to keep enough money to live a decent life.
Problem is that nobody in Government has the stones to ask The Question.
While this may seem a Utopian dream, it does nothing but return to the taxes and wages that served us well for a generation, put the minimum wage back where it was in 1960 and save everybody - tax payers and the IRS - a fortune preparing and checking our federal tax submissions.
Posted by Olderscout66