Quote:
Originally Posted by Darkness
What would be the incentive of owning a home? The tax break for owning a home helps lots and lots of homeowners. I take it that you do not own a home? I would not mind a national sales tax across the board on all non-food items, 1 percent addition to sales tax could bring lots of revenue to the federal gov.
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It goes all in the idea of killing tax breaks all together and creating a more clearly constructed tax system which everyone understands. Eliminate tax breaks and loopholes and lower the overall rate all together. The value of the tax break ends up inflating the value of the home because it ends up being built into it. I sincerely like the idea of a progressive tax system that everyone understand and doesnt make lawyers or CPA's to profit in on as a cottage industry to cash in on because its too confusing. I also like other ideas as posted on this thread. Our current tax system should be innovated in new ways. What we have going on is stupid and caters who cash in on it. I honestly think a bipartisan effort could lead to a radically different environment.