[lbo-talk] Kerry's Tax Cut Makes Me Wanna Ralph

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sat Apr 3 07:21:59 PST 2004



> All taxes are at the expense of profits.

Which is why my idea is to get rid of the _individual income tax_ ... since all of payroll (and most of the other) taxes "paid" by individuals _really come from companies_ why bother with the additional 140M+ tax returns each year; just have the (far smaller in number) corporations (and would-be Schedule C filers) pay it all.

People who file the -EZ series see this happen:

- They get hired to work for $X - %N gets withheld for taxes - There's an adjustment once per year: overpaid=refund, underpaid=owe

But really, they don't "get" $X; they "get" $X - %N ...

So just pay them ($X - %N) and skip the paperwork and rules.

Similar things are true even for 1/4" return filers, but nothing that can't be worked out.

Then when there is a balanced budget, you'll know where to find the money.

/jordan



More information about the lbo-talk mailing list