Posted on 03/19/2016 9:47:10 AM PDT by Jim W N
How about this approach. Have only one tax that is initiated at the local level. What is left after local use goes to the state & federal. That’s it. Why send money to the feds to filter back down to the states & finally the local level where it actually accomplishes something? The total funds would only need to change hands once at each level. So,maybe there isn’t much left for the feds....would this be a bad thing?
Well, as long as the feds have the power to tax they will. Even without the noxious 16th Amendment, the feds would still have the constitutional power to tax and they will. But the key is cutting the feds to about 1/5 it’s current size and requiring a low flat income tax.
If the 16A were repealed miraculously, wouldn’t it be nice to go back to the simple constitutional idea of taxing the states, not the people, directly based on proportional census (Art I, Sec 9, Cl 4)? Even now, ONLY legal appropriations justify Treasury withdrawal with regular published accounting of receipts and expenditures (Art I, Sec 9, Cl 7). The federal government acts are generally so unconstitutional.
Why you ask? Because taxes on companies are hidden from the taxpayer, so generally the public doesn't care.
Most of my friends are reasonably well informed and intelligent, but they generally cannot say more than a few words about corporate taxes and almost none of them know that the US has one of the highest (if not the highest) corporate tax rate.
Also think of the benefit our corporations would have in sending goods overseas.
Obamacare is not a tax either unless it needs to be.
Forbes may consider it a Value Added Tax, but it is what it has always been, a tax on the gross profit of a business. A business pays it now and we don’t call it a VAT.
That is a VAT my FRiend. You can quibble about titles but that is beside the point. This is what Cruz is proposing and it would be a disastrous intrusion of MORE federal government into our private businesses and lives not to mention a more costly process equalling more hidden tax to the consumer.
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