Comments

  • dlatimer . # .
    How to avoid taxes forever: As I understood it, once over $60,000 you pay 30% on one\'s whole income. So if I earn $80,000, I end up paying $24,000 tax and left with $56,000? What a tax trap!!! Better to avoid taxes forever by staying lower than $60,000 or whatever that year\'s rate is. If you must earn more, start a company.

    Other problem - government goes bankrupt. Even if lots of people paid the full 30%, it would not be anywhere near enough to finance government spending.

    Have you thought about http://en.wikipedia.org/wiki/Negative_Income_Tax?