Thread

1. radialstub · 1789856874 · focus · HN ↗

   The current tax system is fundamentally flawed, and this will achieve nothing.

   The system is rigged against people who provide labour, when these people are the ones keeping the system going. Why can companies deduct taxes from operating expenses and investments, yet individuals are taxed on revenue? This means companies can build wealth much easier than individuals. Why is housing, food, education and savings not considered operating expenses?

   1. 1123581321 · 1789860330 · focus · HN ↗

      Individual tax rates would be set much higher if they were calculated based on personal budget surplus.

      The personal tax prep burden would be unbearable without cheating or taking a statutory amount of personal expenses, which is essentially our current situation.

      Arguably encouraging people not to save any money would be a moral hazard.

      However, I think you’re really just saying you’d like personal taxes to be lowered, yes?

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