To: Man50D
Folks,
The most politically VIABLE, practical and evolutionary approach ( note I used the word “evolutionary” deliberately, NOT revolutionary ) is the CHOICE TAX presented by Fred Thompson.
By this, every tax payer will be provided a choice to either :
A) File the usual way; or
B) File the Flat Tax way ( fitting in one small piece of paper the size of a post card).
The advantage to this is this becomes in effect, a national referendum on which tax policy most Americans would prefer.
In the long term, I believe the Flat Tax will overshadow the traditional way of filing and force lawmakers to admit that that’s what most people want IN EFFECT. The traditional way of filing will eventually whither in the vine ( to quote Newt Gingrich).
Let the market decide for us.
You see, I’m pro-choice in just about everything except when it’s taking the life of a baby.
To: SeekAndFind
11 posted on
01/13/2008 6:03:28 PM PST by
Raycpa
To: SeekAndFind
In the long term, I believe the Flat Tax will overshadow the traditional way of filing and force lawmakers to admit that thats what most people want IN EFFECT.
The Fair Tax is a flat tax on consumption instead of income. Regardless of that minor fact I admit you're absolutely correct a flat tax on income will overshadow the traditional way of filing as evident by the income tax.
People did not have to fill out any income tax forms prior to the income tax. The income tax began as a flat tax on income when it was enacted in 1913. People were taxed 1% on the first $20,000 and 7% above $500,000. That made it essentially a flat tax as so few people earned more than $500,000. At the time less than 5% of the population was taxed. That flat ax has evolved into the monstrosity we know today taxing more than 80% of the population and consisting of a more than 67,000 page tax code requiring people to fill out a multitude of forms. Confirming, as you stated, overshadowing the traditional way of filing prior to the income tax.
The Fair Tax will accomplish the same goal except it will not require any forms to be filled out because people will pay the tax when they make a purchase.
12 posted on
01/13/2008 6:04:26 PM PST by
Man50D
(Fair Tax, you earn it, you keep it! Duncan Hunter is a Cosponsor.)
To: SeekAndFind
That proposal is absurd because how will a business know who is doing what and how to pay employeess.
The people who come up with this tax concepts have to place in the real world and no clue how to run a business.
It would still just be easier to move production and sale of big ticket items outside the USA and just use the USA like a bigger version of Canada. (raw material ecconomy)
19 posted on
01/14/2008 5:51:18 AM PST by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: SeekAndFind
Those are certainly not the only choices. In fact, either still leaves us with the income tax which suffers from all the basic flaws and strictures of the present system - because it IS the present system ... talk about “rearranging deck chairs on the Titanic” ...
The more robust solution is the FairTax and many are beginning to realize that.
24 posted on
01/14/2008 7:45:27 AM PST by
baybabe
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