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Time for the 0–10–100 Tax : No deductions, 10 percent on income, every person and corporation pays.
nat review ^
| 1/12/15
| d murdock
Posted on 01/12/2015 6:05:13 AM PST by bestintxas
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we need to dismantle the entire cottage industry surrounding tax laws and special exemptions.
To: bestintxas
we need to dismantle the entire cottage industry surrounding tax laws and special exemptions. Cottage industry? It isn't the average taxpayer who lobbies to get those tax laws and special exemptions. It's businesses and the wealthy. They're going to fight your proposition tooth and nail, as will the 47% of the population who will see their taxes go up considerably under your plan.
Oh, and I think there is a zero chance for meaningful tax reform.
To: bestintxas
Love it. I have argued for this for years. No need for any deductions if everyone pays and the rate is low. I oppose the Fair Tax because a) it begins with a subsidy to “low-income Americans.” Screw that. and, b) it turns businessmen into tax collectors. Government should always be the tax collector so that if taxes go up, people hate government, not business.
3
posted on
01/12/2015 6:08:50 AM PST
by
LS
('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
To: bestintxas
Capital gains need to be indexed to the inflation of their asset class, year by year.
4
posted on
01/12/2015 6:09:40 AM PST
by
Paladin2
To: bestintxas
So we should pay taxes on taxes?
No thanks.
5
posted on
01/12/2015 6:09:52 AM PST
by
thackney
(life is fragile, handle with prayer)
To: bestintxas
Obama would prefer: no taxes on 10k per person and 100% on all income above 100k
6
posted on
01/12/2015 6:11:06 AM PST
by
Michael.SF.
(It takes a gun to feed a village (and an AK 47 to defend it).)
To: bestintxas
Great idea, but 10% is way too high.
7
posted on
01/12/2015 6:11:41 AM PST
by
ViLaLuz
(2 Chronicles 7:14)
To: bestintxas
That is not a solution that even attempts to fix nastiest parts of the tax mess.
Ergot, it’s time will never come.
8
posted on
01/12/2015 6:12:29 AM PST
by
MrEdd
(Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
To: bestintxas
It would have to be about 17% at current spending levels. 10% won’t generate enough revenue.
9
posted on
01/12/2015 6:12:41 AM PST
by
Poser
(Cogito ergo Spam - I think, therefore I ham)
To: bestintxas
This is lawyerphobic and unfair to lobbyists and the congressmen so oppressed by being forced - forced I tell you - to take kickbacks, bribes and sweet corporate jobs after serving.
And what about the families? The husbands, wives and cousins who all get the insider deals?
Thoughtless, hurtful, and hate-filled.
(/s)
10
posted on
01/12/2015 6:15:11 AM PST
by
P.O.E.
(Pray for America)
To: Poser
It would have to be about 17% at current spending levels. 10% wont generate enough revenue. Then the spending levels must be cut.
11
posted on
01/12/2015 6:15:46 AM PST
by
ealgeone
To: bestintxas
We need to abolish the IRS. If we just cut it down to size, it will grow back into the mess we now have.
The “Fair Tax” has a lot of good ideas, However the “Prebate” Must go. We do not need the IRS sending out checks to the people not working or a some very low paying job.
Bottom line: NO IRS!!!
12
posted on
01/12/2015 6:17:59 AM PST
by
EXCH54FE
(Hurricane 416,Feisty Old Vet !!)
To: bestintxas
Yes a 10% tax on gross income.
So if you make $100K and spend $120K to do so, you still pay $10K in taxes.
Stupid.
13
posted on
01/12/2015 6:19:45 AM PST
by
Attention Surplus Disorder
(At no time was the Obama administration aware of what the Obama administration was doing)
To: ealgeone
Then the spending levels must be cut. LOL. Good luck on that one.
To: Paladin2
You are missing the point.
No changes.
No exemptions.
No exceptions.
15
posted on
01/12/2015 6:21:07 AM PST
by
Vermont Lt
(Ebola: Death is a lagging indicator.)
To: bestintxas
Should we make peace and wave offerings too?
16
posted on
01/12/2015 6:21:29 AM PST
by
Raycpa
To: Poser
It would on the corporate taxes. Many large corporations pay very little fed tax.
17
posted on
01/12/2015 6:21:58 AM PST
by
Vermont Lt
(Ebola: Death is a lagging indicator.)
To: Attention Surplus Disorder
You do not understand what income is.
18
posted on
01/12/2015 6:22:50 AM PST
by
Vermont Lt
(Ebola: Death is a lagging indicator.)
To: Vermont Lt
You’re right, my 25+ years of preparing tax returns has left me entirely unprepared to deal with the concept.
19
posted on
01/12/2015 6:25:47 AM PST
by
Attention Surplus Disorder
(At no time was the Obama administration aware of what the Obama administration was doing)
To: Attention Surplus Disorder
So if you make $100K and spend $120K to do so, you still pay $10K in taxes.
Having ran my own business, I can say that this happens more often than NOT - especially for job start-ups! My first three years, I was in the RED! I spent most of my third year paying back loans, which got me through my first two years. With this plan, I would have been in the red for at least four years, if not FIVE!
I understand, the "no exceptions" as a theory, but in reality, this would be a JOBS and INITIATIVE KILLER!!!
20
posted on
01/12/2015 6:30:02 AM PST
by
ExTxMarine
(PRAYER: It's the only HOPE for real CHANGE in America!)
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