Imagine a tax system without deductions or credits

No definitions of disability, infirmity, support or documentation to be concerned with. What's not factored into those reports is how much it costs to administer all of these credits, only how much the credits themselves cost us.

What if we got rid of credits and deductions, got rid of the administration, and reduced our tax rates instead?  Wouldn't that be simpler and whole lot fairer?  Of course, if you're the recipient of deduction largesse or credits bring your tax payable to nil , you might not be paying any tax at all, and the thought of a world where you had to pay something might be very stressful.

But, what if we were able to increase the amount paid to compensate for the lack of credits, by increasing the amount paid, I mean what if we paid persons with a disability, for example, the same amount as is considered the basic amount a senior should be able to live with?  Instead of reducing the tax of the person providing support, increase the direct support and stop marginalizing those people by refusing to allow them to have savings.

  • Digg
  • Del.icio.us
  • StumbleUpon
  • Reddit
  • RSS

0 comments:

Post a Comment

ban nha mat pho ha noi bán nhà mặt phố hà nội