Reply #37: I hate the fact that your "tax" refund is considered INCOME

[SoCalDem]

on next year's tax forms.. This sucks..because it was already taxed when they withheld it, and the fact that they returned your OWN overpayment, should not make it INCOME..

If they ever wanted a fair tax, they could do it in a heartbeat..

Whatever the "povertyline" is should be the STANDARD exemption for each taxpayer...

If you earn 18,000 , and the "poverty line " is 10K, you should only be liable for taxes on 8K.. and incomes under 10 K should not even PAY income tax..

A family of 4 making 100K, would have exemptions of $72K..

There would be NO need for any other deductions.. it would truly be a fair tax.. everything over 250K would pay at 35% rate...up to say 3 M, and it should be 40% from there on... NO shelters..no phony tax dodges..