Posted on 01/26/2023 4:41:48 AM PST by Hostage
I predict some will not read what's written above and immediately start ranting it's too big , too big, too big! wah! wah! wah! Just watch, scroll down, you'll see them :)
“25% Federal Sales Tax at checkout?”
Europeans have what they call a value-added tax. I recollect a rate as high as 22%. It is collected at various stages to cut down on tax evasion.
a value added tax is different ... the national sales tax would only occur at the final retail purchase ...
I love the idea of a national sales tax as long as all income taxes are simultaneously made illegal.
I sort of lean toward a 10% basic federal income 1040 tax, which would up to say $5000 (on $50,000 of income) simply be a forced savings scheme to replace welfare. States would fund essential welfare services for those that have not generated enough savings.
Higher income folks would pay income tax on income above $50,000 to fund constitutional government operation.
Income tax on really high incomes would be devoted to national debt service so Democrats can’t buy votes by raising the taxes on high incomes.
The old age SS tax scheme would remain, unless your parents died and you chose to opt-out and fund your own retirement at FICA rates. FDR’s SS was initially a forced saving scheme.
“the national sales tax would only occur at the final retail purchase”
Oh, that, it was exported to Mexico.
“Because 51 years elapsed between a flawed unconstitutional income tax passed in 1862 (quickly repealed) and the 1913 16th Amendment.”
It’s quaint how they thought they had to go to the trouble of amending the Constitution. It’s disturbing that anyone fell for it.
“the national sales tax would only occur at the final retail purchase ...”
Pedro, do you drive a lot of our wholesale purchases to Mexico?
Si, Mr. Griffin, you work me very hard.
Any more question, Mr. Sales Tax Auditor?
Waaaay too complicated.
Just institute a flat %-age across the board and eliminate sales tax all together.
Ensures that everyone pays a fair share.
I didnt read through all of this...
What would become of state sales taxes? Would those be eliminated too? Or would this “fair tax” be on top of those?
It took 51 years for the political criminals to find a way to bamboozle their unsuspecting fellow politicians and the general public. They are STILL laughing from the grave.
And how would that be implemented? Congress would never vote for something that "requires" them to do anything. The only other option is a constitutional amendment. And the means Article V. Dead in the water.
>>Higher income folks would pay income tax on income above $50,000 to fund constitutional government operation.
That’s a sure way to have ever-expanded government operations, if only “the rich” pay for it. Everyone should feel the pain of paying, is the point.
A federal income tax was declared unconstitutional in 1894 I believe.
Around 1911, a “compromise” was agreed to impose a federal corporate income tax and to submit a personal income tax amendment to the states (so a federal income tax could be collected from “the rich”). Now red states with farmers wanting lower tariffs ratified quickly. Other states with higher incomes were slower to ratify. In 1913 we got a federal person income tax. In 1914, WWI started and cheap tariffs didn’t matter because most of Europe was at war.
I like the national sales tax replacing the income tax for many reasons, but it isn't something where we all become richer because of it. Government is still consuming about one-third of the GDP and making us provide that will always be painful and impoverishing.
More details on Dr. Jorgenson's calculations at JORGENSON EXPLODES FAIRTAX MYTH (FR Exclusive)
I put the words “to fund constitutional government operation” in for a reason.
“Everyone should feel the pain of paying, is the point.”
Bezos could pay a 99% rate and still live high on the hog.
Sales taxes are the most fair.
Everyone pays them, including those who never report income (drug dealers, illegals, criminals, and those on Welfare).
If you can vote, you should pay something.
The trick to staying wealthy is to have no income
And the IRS is abolished and their parasite employees are sent to the border. If not eff them.
See tagline.
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