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The problem with the tax system is that we use it as not just a source of revenue but also as a means of social engineering.
We create a billion loopholes to encourage certain behaviors and then get upset when a rich person uses all of them to end up paying little in taxes.
Lose the loopholes and actually make people pay percentages and make a two tiered flat tax system. I think even the poorest should pay some small percentage of their income into taxes rather than a blanket exemption. A society in which 30% of the people pay no taxes is a society that only has an interest in seeing taxes rise.
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