One opinion on tax rates and revenue
by Steven Haninger - 11/30/12 2:25 AM
...and from the article...
" It is silly to have a high tax rate while simultaneously giving people many ways to avoid paying it. So the first task of tax reformers must be to minimise such opportunities by having a broader tax base, better enforcement and similar tax rates for different kinds of income."
I tend to agree. We've a complex tax code that allows those more knowledgeable of it...the "big guys"... to flex and adjust to changes. This means "the little guy" almost always gets the shaft when the big guy is targeted. Perhaps the side of the aisle that wants to first go after the tax code rather than the tax rate has a better plan.