Exactly. I have a good example: at my work, I was given stock options during several years, which totaled 4. I decided to take one of them to invest in my house. We plan to replace all of our carpet and use what was left over to buy a pool with cash. So I take one of my options, and it was taxed at 42%, which means I brought home a $17,000 check after taxes. Now comes tax time, and I get stocked with owing $3000 to uncle sam because it put me in another tax bracket.ZYFER The big deal is people do not like to be taxed. When you get taxed time and time again, sometimes you want relief somewhere.
I would like to see a simple consumption tax. Hell, I'd even settle for a flat tax at this point.