Sunday, April 9, 2017

In April, I'd Vote For A Flat Tax

I just got done filling out my yearly tax forms.  This year might have set a record with 8 different forms for the federal taxes alone, and my financial situation is not particularly complex nor do I make a lot of money.

It's just the goofy tax system of the USA.

Filled with handouts to special interests and well-meaning attempts to modify individual behavior through punishments and rewards of the tax system, the federal tax code has probably grown so large that no one, not even those who work for the Internal Revenue Service, fully understand it.

By the time I'm done filling out my forms, I'm ready to vote for the most regressive flat tax possible just so I could have a simpler tax system and wouldn't have to spend my time next year filling out so many tax forms.  If general elections were held in the spring, there would be more Libertarians in public office just from votes from people such as me sick of filling out tax form after tax form.

Interestingly enough, I noticed Ohio is halfway there to a Libertarian taxfree paradise, which, despite my frustration with a needlessly complex tax system, is probably not desirable given that government services in Ohio already seem to run in a degraded mode (lack of funding may not be the only reason, but it's probably one of them).  Check this out:

Basically, from what I can tell, if you're self-employed, you pretty much don't have to pay state taxes in Ohio (only if you make over $125,000, and given how much the self-employed don't declare in the first place and write off as business expenses, there probably aren't too many above that any way).

Though I personally appreciate the state of Ohio letting me not pay taxes on some of my income, this is absurd.  Income is income, regardless of how it is earned.  It ought to be taxed at the same rate (ditto for the federal level where stock market income gets taxed at lower rates than labor income).

You can tell that Republicans have been running Ohio . . . into the ground.

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