Posted on 08/02/2004 11:16:09 PM PDT by JohnHuang2
To steal a line from a friend.............
"My vote is for sale."
I want to hear bush make this promise, live, prime time.
I think it's at least as important as his promises to foxx.
"I really like the idea of 15% flat tax across the board.
I would love to see someone point out why that might be a bad idea or not fair?"
Hey, even God only asked for 10%.
15% is too much by 10 percentage points.
I would love to see someone point out why that might be a bad idea or not fair?
The income tax is like a cowpie.
Flatten it, and it's still a cowpie.
;-)
But all joking aside, the flat income tax has been subjected to rigorous examination and extensive debate for the last decade. It has failed to meet the test of true fundamental tax reform. It has lost the debate. Bury it, it's dead.
Dennis Hastert knows this. He also knows that the VAT is not acceptable. But he offers it as a way to forward the public debate.
bump
While I certainly agree with you for several reasons, not the least of which is the fact that the federal government has far exceeded its constitutional mandate, you are ignoring the political realities that must be faced to actually accomplish this task.
The first rule of tax reform is that you must lay out a plan that is revenue neutral: ie collects the same amount of revenue as is currently the case.
It must be noted here that the RATE is not a commentary on the rightness or the efficiency of the form of taxation in this case. It is a commentary on spending directly.
IRS commissioner Shirley Peterson stated a long time ago, "Eight decades of amendments to the code have produced a virtually impenetrable maze. The rules are unintelligible to most citizens. The rules are equally mysterious to many government employees who are charged with administering and enforcing the law."
"we can collect taxes on consumption or sales. Everybody has to buy to survive."
Yes, and that includes the Border Violators (illegial immigrants) who work on cash, and pay no income tax.
Could someone explain what the VAT is? I's dum! ;)
A thread that has nearly 650 posts on this same topic:
http://www.freerepublic.com/focus/f-news/1183112/posts
Even contains the usual rantings of the kneejerk opponents of fundamental tax reform.
Not dumb. Simply uninformed! ;-)
A VAT is unacceptable because, while it is a consumption tax like the National Retail Sales Tax, it is collected at every stage of production.
This makes it another insidious HIDDEN tax, and therefore prone to continued political gamesmanship by the politicians. The divide and conquer tactics against the taxpayers would be allowed to continue under a VAT...
Everyone across this great land who supports fundamental tax reform knows this well...the VAT is a political nonstarter.
Hastert's VAT proposal is dead in its crib.
There is only one plan that meets all the criteria of true fundamental tax reform: the FairTax or some modification of it.
Every fair-minded person that has looked at this in depth arrives at the same conclusion.
They are also free to invest in Mexico, China, and India. There is no reason to think that tax savings will trickle down to Americans.
Thank you.
I think the national sales tax is the way to go. The people who are living hand to mouth don't have to worry since they will probably be under the income requirements and essentials (food etc) are exempt. If they are buying "stuff", they aren't living hand to mouth.
I seem to remember reading that with all her tax free bonds, tax shelters, etc., that 15% is what Teresa Heinz Kerry is paying. So it would be pretty amusing if John Kerry came out to complain this rate is too low! While I like the idea of a flat tax, I just don't see it ever being enacted, either.
Ping
Actually, there is.
Simple rules of economics:
Savings leads to capital formation.
Capital formation leads to productivity gains.
Savings, capital formation and productivity gains lead to higher incomes, more jobs and greater and greater economic activity.
Allow me to interject at this point that income taxes are one of the planks of the communist manifesto.
Our current system penalizes savings, investment, capital formation and stymies productivity growth.
Under the FairTax, that would all end. Capital would do its thing unimpeded.
Fact is, under the FairTax, this country would become the ultimate magnet for capital.
If you care about the future prosperity and freedom of your children and grandchildren, you just gotta support the NRST.
People will be taxed based on their LIFESTYLE. I think this is certainly fair. If you live on bare necessities (food, clothing, etc), you will pay no tax...since those items will be except. But when you buy $8,000 plasma TV's, you can certainly afford to pay.
You're very welcome!
:-)
This can't be. I thought Bush was a NWO/Globalist/Bilderberger.
woop...meant to say EXEMPT, not except. Food, clothing, gasoline, the first $10,000 of a car purchase...maybe a few other things would be exempt from the sales tax. This should satisfy any of the lefty pansies claiming a flat tax is "regressive"...rather than "progressive" (marxist).
The other part of that equation is that used products would not be taxed (again).
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