The Incompetence of the Income Tax

"The perfect tax is the one time wealth tax grab the wealth and promise never ever do it again, because the wealth is there," he says. "This is certainly not a tax that is going to be done once and forever." The current deficit for this year is estimated by the congressional budget office to be 13 point four % of gross domestic product. If you want a 19 70 style european welfare state, you better have european taxes - 20% on everything you buy in the stores.