I have a friend that described paying his children to do chores with pre-tax money into a dedicated account, and then as custodian of the account, determining how best to spend it on behalf of the children. Apparently allowable by tax code, though I haven't looked into it.
Our taxes are progressive from a bottom line, straightforward perspective, regressive when you start digging into the ways wealthier people can avoid paying taxes, and very regressive for those more informed/intelligent/curious/attentive about how to position oneself to game the system. Bureaucrats, CPAs, IRS employees, and tax attorneys are the only ones that benefit in the end.
No political party will talk about this on the whole though, because they are both playing the same game from different sides.
|