The following information was released by the Congressional campaign of Sanford Kahn.
Sanford Kahn, candidate for Congress in the new CA-47th district, stated there has to be a limit on how much taxation politicians can impose on its citizens. If you levy too high of a rate, then the incentives to work, save and invest will be destroyed and the economy will stagnate and employment will suffer. Too low of a rate will deprive government of its needed revenues to carry-out its essential services. Then, how much taxation should government collect from its citizens?
No one should have to pay to government more than 20% of their income in total taxes. Total taxes in the U.S. would be those taxes paid to the local, state, and Federal governments. Unfortunately, even those in the middle income brackets pay well in excess of 20% of their income in total taxation. This includes not only income taxes, but also sales taxes, fees, property taxes, etc. When you start to get above the 20% mark, government is no longer viewed as your servant but it is slowly becoming your master. Nothing stays the same. Once you get above paying 20% of your income in total taxes, government has the incentives to start raising this percentage further. It can easily go to 25% then 30% or more.
The point of all this is that there should be a cap on how much in total taxes individuals should have to pay. A Flat Rate income tax is a good way to start this discussion.
Courtesy photo of Congressional candidate Sanford Kahn.
- Sanford Kahn opposes value-added tax to raise federal revenue (oc-breeze.com)
- Congressional candidate Kahn explains overriding economic objective of polical policy (oc-breeze.com)
- Congressional candidate Kahn supports flat tax (oc-breeze.com)
- Congressional candidate Kahn supports term limits for U.S. Congressmen and Senators (oc-breeze.com)
- The growing unsustainable debt bubble imperils the American middle class (oc-breeze.com)
- Congressional candidate Gary DeLong asks whether higher taxes are necessary (oc-breeze.com)
- Congressional candidates answer questions at Cypress College forum (oc-breeze.com)