Is your concern the national sales tax?
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Yes. I don’t like that.
I figure with 9-9-9 it will become 9-9-9-9, Cain could have 8 years and the ninth year, with some other, it could be seriously jacked with.
I am for lower corporate tax and flat tax. I don’t like a national sales tax, especially in combination with an income tax.
If I am misunderstanding, please pitch it to me. I simply don’t trust our politicians with having that door cracked to them.
Also, would that national sales tax be on food/staples, too?
If the next president and congress are serious about immigration, snagging those under the radar won’t be such an enticing draw to a national sales tax.
I may have it all wrong. I’m not the brightest but it is up to them to sell their ideas, explain and convince doubters.
I share your concern, but a national sales tax is far more transparent than the other taxes. It hits people in the pocketbook where they can see it and run the numbers.
Couple of things here:
The top rate on the income tax is a flat 9 percent. Think of what that means. Has that rate *ever* in the post FDR era been so low?
That means that people who work harder will be rewarded for doing so. Not only that, but those of modest means will get to keep more of what they have because 9 percent is far lower than the lowest rate.
This, combined with withholding, means that people instantly get more money in their pocket, if they work.
Then, dropping corporate taxes, and a bunch of other stealth taxes, Payroll, etc, what this basically does is give America the most competitive business jurisdiction, this side of Singapore.
Think that’s not going to catch a few eyes.
Now, the other thing. 50 percent of the population has no say in the tax regime, either through not working, or not working enough to pay income taxes in the first place. That’s a problem. This means that they can vote to raise the income tax rate higher, without hurting themselves.
With a sales tax, everyone who makes a purchase ends up paying more for it. They have skin in the game.
I realize your concern is over the liberals jacking up the sales tax, but a liberal will never increase a sales tax. Why? It’s a regressive tax. It hits their constituency harder than any other constituency. The first thing they will try to do is to carve out an exception. If the tax code is worded such that it hits all purchases, then the liberals can be pre-empted.
The other gimmick to watch out for is ‘rebates’. Most jurisdictions that have a sales tax, issues a ‘rebate’. Again, this is because liberals want to do whatever possible to ensure that their constituency is immune to taxation.
It’s a basic fairness issue, that everyone should pay at least something, and that the rate should not be onerous. I say this as a young man, who for many years, has chosen to protest the soiled blood of abortion taxes by keeping his income below the income tax level. I have since relocated to a jurisdiction that does not charge income taxes, as frankly, it would be nice to start getting compensated for my talents.
In combination, no, but an income tax is about a million times worse than a consumption-based tax.
The Marxist progressive income tax is inherently and infinitely more invasive of privacy, much more costly to administer, discourages savings, etc., and in is general much more subject to abuse, as we have historically seen. Income taxes are an abomination and are antithetical to Freedom.
A man's labor is his property. Income taxes are therefore little more than proportional slavery. With sales taxes, those who consume the most, pay the most tax, which seems to me to be much more fair than taxing someone's income. Income taxes are tyrannical on their face.
Abolishing the federal income tax is a wonderful idea, and any candidate who endorses the notion is on the right track as far as I'm concerned. To my mind, there's just no way a NRST could ever be as diabolocal.