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Reply to "What really needs to be fixed in the tax code?"
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[quote=Anonymous][quote=Anonymous]Rates are unrealistically low. They need to be graduated up greatly. If you're making under 50K, your rate should be 5%. But it should scale upwards quickly from there. After 75K, it should be 90-95%. At 250K, it should be 99%. Likewise for unearned income, which should also be 99%. And I'd also do away with probate completely, with all of an estate up as taxes unless survivors can show cause as to why they should get those assets. That will even things out and get rid of the huge disparity of wealth in this country, which is really what is driving all the problems in this country. [/quote] So, your tax policy is confiscatory. Got it. [/quote]
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