I recently got an email from one Stephen M. Finn:
Dear Jack Craver, There are actually three(Republican) candidates on the ballot for U.S Senate. be nice to get a sentence or two noting that. I am the third candidate..Stephen M Finn.
I took a look at Finn's website. I took an especial interest in his proposals for revamping U.S. tax policy:
"I would simplify the tax code so most people could fill out their own taxes on a single piece of paper. A simple flat tax of four different catagories 5%, 10%, 20%, 30%."
0-$50,000 would pay 5%
$50,000-125,000 would pay 10%,
$125,00-250,000 would pay 20%
$250,000 and up would pay 30%.
Well, I don't have the resources or the wits to compare the revenue effects of Finn's plan to Paul Ryan's proposed tax policy, however, I will applaud him for acknowledging a difference between the well-to-do and the very well-to-do.
Ryan's proposed system in which the tax rate is 10 percent on the first $100,000 (for joint-filers) and 25 percent on everything above that makes no such distinction.
I suppose you could say the $100,000 line is the distinction, but the idea that no matter how much somebody earns over that, the tax rate doesn't change, is absurd. To advocate a smaller government, funded by less taxes, is one thing, but if one acknowledges that there is to be some government, and that it has to be financed by taxes, why shouldn't the wealthiest Americans carry a heavier burden?