Would a 6.5% flat tax help Calif?
Roger Showley, U-T SAN DIEGO
Friday, May 31, 2013
Kelly Cunningham, National University System
While California taxes are clearly too onerous, a flat tax attempts to enforce arbitrarily defined “fair shares." The curious implicit assumption is government, not us, actually owns our earnings and property. Exemptions, deductions, and loopholes are therefore considered unfairly allocated subsidies. But how is keeping more of our own money unfair? The real point is we pay much too much in taxes. High tax rates discourage investment, jobs and productive activities, while making it difficult to amass vital savings for college, retirement, or starting a business. The much better solution for California’s financial morass is to lower everyone’s tax burdens.