Posted on 07/12/2015 6:56:10 PM PDT by JOHN W K
Now that Donald Trump has the American People’s attention, will he support tax reform which will end the nefarious and slavish socialist experiment allowing Congress to lay and collect taxes calculated from profits, gains salaries and other lawfully earned incomes? Will he work for real tax reform and move us to a federal tax system which taxes consumption as our founders intended?
Carly Fiorina was correct when she said about our current system “The complexity and lack of transparency only benefits the powerful and connected while crushing small businesses and innovation. The result is crony capitalism–because only big businesses can handle big government.” Withdrawing Congress’ power to lay and collect taxes calculated from profits, gains, salaries and other lawfully earned incomes is the only way to end this horrid tax, which we have learned cannot be trusted in the hands of Congress.
Keep in mind those candidates who promote a flat tax on incomes are cleverly promoting to keep this horrid system of taxation alive and in the hands of Congress. A flat tax calculated from incomes does not end our despotic federal government from arbitrarily deciding what is and what is not taxable income; does not end our Washington Establishment’s use of taxation to intentionally seek out America’s productive hard working citizens and plunder the bread they have earned which is then transferred to a dependent voting block with the expectation this voting block will prostitute its vote for free government cheese, thereby keeping the socialist Washington Establishment in power. Nor does a flat tax calculated from incomes end taxation being used as a political weapon to silence, threaten and punish political foes while rewarding the friends of a tyrannical bloated federal government. And a flat tax on incomes most certainly does not end the devastating time or costs of record keeping involved, but it will keep a direct path open for government employees to snoop into the personal financial affairs of every American taxpayer including America's business owners.
One thing is certain, real reform begins with ending the socialist experiment allowing Congress to lay and collect taxes calculated from profits, gains and other “incomes”.
And what would be an alternative to our current system which would be embraced by most American Citizens and business owners and keep Donald Trump leading in the polls? Taxing consumption, our Founder’s way, and that could be accomplished by adopting something like the “Fair Share Balanced Budget Amendment” which follows.
The Fair Share Balanced Budget Amendment
“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.
NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!
"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."
NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.
"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."
NOTE: our founder’s fair share formula to extinguish an annual deficit would be:
States’ population
---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE
Total U.S. Population
The above formula, as intended by our founding fathers, is to insure that each state contributes a share into the federal treasury proportionately equal to its representation in Congress, i.e., representation with a proportional financial obligation, or one man one vote, and one vote one dollar ___ a rule which socialists and the friends of big government fear with a passion!
Note also that each State’s number or Representatives, under our Constitution is also determined by the rule of apportionment:
State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.
"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."
NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.
"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.
JWK
“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
Actually Donald could care less about taxes.. cost of doing business..
especially if you get a lot of givernment business..
If he’s running he’ll have a position on taxes, they al do.
We are legion.
The smell of HRP is strong in this one.
Tariffs and a NRST are the way to go. But I’ll bet the FR free Trade Army will disagree, those silly progressives love no tariffs for imports even though we have to pay and pay and pay to export.
Trump is another Perot Trojan horse, But! He has shown who the establishment Republicans really are and what they’re really about.
That’s really one of the more ridiculous shoot-from-the-hip statements I’ve seen on this forum. News flash Einstein, wealthy people care a great deal about taxes, and pay handsomely for tax attorneys and seasoned investment managers to minimize their tax burden. They don’t get rich by being stupid.
Lots of stupid people that are wealthy..
Not only stupid but treasonous, malefactors, with zero morals..
Not only that but with bad business acumen that think morals are for chumps..
that know to tell the chumps what they want to hear..
and then RAPE them in many different ways..
Example: socialism is a symptom of the political disease known as democracy... many wealthy people are socialists..
The most malicious political disease known to man..
An ideology held only by stupid or malicious people..
In every case.. every iteration.. every person..
that are “socialists” although it is known by many names..
He's trying to compete with MSM, Mexico, Univision, NBC, Columbia and the politicians in D.C.
Tariffs and a NRST are the way to go.If we replaced the income tax with an NRST all exports would be subsidized with OUR sales tax.
We would pay exorbitant sales taxes (30%) for our purchases of domestic produced products, while the same products would be tax free to foreign consumers AND we would pay a increase on all imported products (30% tax not incl any tariffs).
I doubt that 30% figure but I want to keep all of my income, thank you very much. Thanks also for going on record defend the socialist/fascist/evil/progressive income tax. Watch it, your red side is showing.
JWK
When will the America People realize we have an Islamic cell operating out of our nation's White House? Will they come to this conclusion when Obama allows Iran to make the component parts for a nuclear arsenal?
Mebbe not. They call this a "Service Economy", then by God tax Services as well. They are inching towards this now with a sales tax on my electric bill.
Lawyers' fees? Tax 'em. Each stock market transaction? Tax 'em. (I think they are doing this on a miniscule scale now, if I remember my last sale.) Bank transfers overseas? Tax 'em. Haircuts? Perms? Cruises? etc. tax 'em all.
The thinking should be "We don't care how you get your money, we'll tax you when you spend it."
I think the "exorbitant sales taxes" meme comes from thinking of just taxing the existing base and not the services.
I doubt that 30% figure but I want to keep all of my income,Your juvenile name calling aside if you knew anything about NRST how could you not know about the Fairtax.
The Fairtax rate is 23% "of the gross payments"(including itself) on all taxable products and services (no exemptions except education).
The Fairtax is written for the tax collector/business/service provider NOT the consumer.
A business sells a $100.00 (shelf price/service) item.
$100.00
+29.87% tax
= $129.87 (gross payment)
The business then has to remit 23% OF the gross payment to the feds.
$129.87 MINUS 23% = $100.00 (remember the shelf price?)
Roto Rooter charges $100.00 plus tax (Roto Rooter needs to net $100.00)
Roto Rooter charge:
$100.00
PLUS $29.87 tax.
= $129.87 gross payment.
Roto Rooter remits 23% "of the gross payment" to the feds to net them $100.00
You can use a calculator if you like.
I think the "exorbitant sales taxes" meme comes from thinking of just taxing the existing base and not the services.Nope. see #16 above. It also taxes some interest PAID and EARNED
BTW, 30% isn't enough because they include the government taxing itself in their calculations
Be careful what you wish for.
Ok Comrade you go on and defend the income tax. Your red underwear is showing LOL!
Yeah I can keep my whole pay check. That’s a good deal. I know a progressive like you cant understand that concept.
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