most people are in total support of a new tax code that simplifies things and closes loopholes. loopholes are the result of ridiculous governmental regulations. but the issue at hand isn't closing the loopholes, too many people are fighting scrapping the code and starting over and thats really what needs to happen to close the loopholes. the issue at hand is simply raising the taxes on the wealthy and corporations. in the current economic times, i don't think thats a good idea. so while i hate the loopholes, and hope they disappear, i don't support raising the taxes to try to recover taxes from them.

Quote Originally Posted by Teufelhund View Post
Decent article about this.

I find it amazing that the Left either will not accept that half of us are working to support the other half, or are just fine with it. I always remember that Margaret Thatcher quote when I hear this statistic: "They [socialists] always run out of other people's money."

I find it equally amazing that the Right, while crying about how many people do not pay income tax, don't have a word to say about all the tax loopholes that allow monstrous corporations like GE and BofA not only to not pay a dime in taxes, but actually receive a tax return. Meanwhile, I have to write a huge check every April because the percentage they took out of my paychecks wasn't enough.