I'm also not a huge fan of income tax. I realize it's easy. It's guaranteed income for the government. But...why? Why automatically tax me for making a living and being productive? I don't agree with the concept. Property taxes make the most sense to me, because money from those taxes go to protect and serve the property. Property taxes cover the fire department that keeps my home safe; property taxes go to the school that teaches my children. By all means, tax my property.
Sales/transaction taxes also make a lot of sense. When I want to use that money I can understand taxing certain transactions. When I buy a new car, or bottle of Jack Daniels. When I buy or sell stock. Maybe an account tax, on savings or CD accounts. It's a choice to use my money, and I can choose to not buy some luxury or "sin" item or even to not expand my wealth on the stock market. I agree with that much more than taxing income indiscriminately...I can't NOT have a job, but I can NOT buy a new car.
So there's the downsides of taxes as I see it. We're spending too much in too many bad ways and not getting good results, and the income tax rubs me the wrong way. Anyone feel like looking into this, or are we too busy pointing fingers and yelling "Fat cat Republican" and "Filthy Liberal" at each other?