Posted on 08/26/2004 11:05:33 PM PDT by n-tres-ted
There is a great increase of government jobs here. Not good.
Someone has to process the "rebates" and verify what category you are in. Welfare already showed us that women came in to sign up for welfare with children that weren't theirs. When your family grows or shrinks, this is an enormous tracking problem, computers or not.
I would rather the government spends a lot less money on finding out who is or is not entitled to VOTE and to make sure they can only VOTE ONCE in ONE place.
IMO, a better way than the "rebates" is to carefully select what items are "basic living necessities" and just NOT tax them. Some states don't tax items now that they consider necessary, like bread, milk, etc.
If you don't tax it in the first place, you don't have to come up with a schedule for rebates, there are no over rebates or under rebates, the customer just never pays it in the first place. END OF DEAL!!!
This is part of the KISS method of accounting: KEEP IT SIMPLE, STUPID.
When did we start imposing Corporate taxation and income taxes on foriegn corporations and employees in foriegn lands?
The fact is that foriegn companies produce goods cheaper then we can here, therefore they offer their products for a cheaper price already. That is why their market share keeps growing, while the US mfg. companies are seeing the decline.
What exactly would be wrong with the picture you paint? Are we not entitled to use our property as we see fit?
I prefer motorcycles, myself, but thanks for the offer.
Most private retirement plans are subject to income tax on the benefits. Also, assets held outside of retirement plans are subject to taxes, such as bonds, stocks, interest on savings, etc. Prices of U.S. goods would drop; mortgage rates would drop. Also, your children and grandchildren would have better prospects for jobs and economic success, by far, than under the present tax system.
First he says no federal income tax. Then next he calls it a National tax. What's the difference?
The difference between paying taxes at a retail store, and paying taxes to the IRS with government hounding over you for records and information and payment of taxes.
So say the National Tax starts at 23%. Few years go by and that's not enough. They bring it to 30% and so on. Please, don't tell me to believe they would never raise that number!
When every voter is affected by a change in rates immediately, you can bet that Congress Critters pause.
As it is, over half the voting population perceive little or no federal taxation making for a natural constituency for more government and higher taxes on the other guy. Until the costs of government as well as largess is felt by all, you can figure that government will continue to grow continuously more powerful and intrusive.
A very necessary constitutional link between the individual and government has been broken with the advent of the graduated income tax and taxes on business hidden behind a veil of inflation.
McCulloch v. Maryland, 17 U.S. 316 (1819)
- "The power of taxing the people and their property is essential to the very existence of government, and may be legitimately exercised on the objects to which it is applicable, to the utmost extent to which the Government may choose to carry it. The only security against the abuse of this power is found in the structure of the Government itself. In imposing a tax, the legislature acts upon its constituents. This is, in general, a sufficient security against erroneous and oppressive taxation."
That is why a return to founding principles are absolutely necessary.
"Imposts, excises, and, in general, all duties upon articles of consumption, may be compared to a fluid, which will, in time, find its level with the means of paying them. The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources. The rich may be extravagant, the poor can be frugal; and private oppression may always be avoided by a judicious selection of objects proper for such impositions. "
"It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess.
They prescribe their own limit, which cannot be exceeded without defeating the end proposed - that is, an extension of the revenue."
When applied to this object, the saying is as just as it is witty that, "in political arithmetic, two and two do not always make four."
If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds.
This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.
The income tax must go.
I wasn't implying that at all. What I was implying is that half the nation pays nothing or receives some redistributed income and the other half pays for all the entitlements. Even the half paying taxes today would agree 23% is to high, but the education provided to the moochers might be worth it.
Don't be so defensive. I stated that I agreed with you that 23% was to high, and I meant it.
That was part of the original tax ideas of duties and imposts. It balances their cost of production with ours. And if a duty is high, somebody here will work to produce a domestic made version. Thus putting people to work.
But the multinationals have convinced everybody it's a "global economy".
Not for our benefit. Multinationals have no allegiance to any particular country.
Thanks for all your PROJECTIONs. I assume you will handy with the difference in price to reimburse me if your projections are incorrect? Where will I pick up the check?
Your right, not every deduction is taken by the federal government, but those that are would be eliminated. If you aren't satisfied with the pay provided to you based on your benefits or state deductions, you are free to either move to another state or to renogetiate your benefit package.
You can do that today, but you would still be subject to the largest deductions regardless of your benefit negotiations or your state of residence.
Paycheck? What paycheck? I'm way too busy supporting all those low-paid, disposable illegal immigrant guest workers to receive a paycheck.
When did we start imposing Corporate taxation and income taxes on foriegn corporations and employees in foriegn lands? The fact is that foriegn companies produce goods cheaper then we can here, therefore they offer their products for a cheaper price already. That is why their market share keeps growing, while the US mfg. companies are seeing the decline.The point is that even if the 22% drop in producer prices were true, that's goods manufactured in the US, not services and not imported goods. So even if it were true, and producer price drops were passed on 1-to-1 to consumer prices, the drop in the price of all our consumption would be much less than 22% because US manufactured goods are only a portion of our consumption.
No, it would be harder to hide your tax liability with the Fair Tax, because anyone wishing to do so would have to obtain the collaboration of the seller (who is liable for the sales tax and must file the return). Right now, falsification of tax returns may be done by the taxpayer alone. The "cash economy" now estimated to be $40 billion per year or more, and the Fair Tax should be able to capture most or all of that. Some small retailers will try to bootleg sales, but that will be risky and their chance of being caught is greater than under the present system.
Now, what is lowering the cost of food, clothing, shelter, and transportation?
Competition for you dollars, exactly the same thing that set prices for you limited dollars today.
Just exactly how is that guaranteed? Is the government going to oversee pricing of independent business? Hmm, so business will have government controls??
You want guarantees of a constant total payment for goods (embedded tax plus tax free pricing, vs visible tax plus taxfree price)? You don't have any now.
It sounds scary to me.
Yep economic freedom and free enterprise is scary isn't it.
The Fair Tax would not replace State taxes. But States would be wise to conform to the reformed federal tax system by repealing state income taxes, payroll taxes, etc.
It is a global economy. To deny it means the death of creativity and technological advances in our country. Isolationism means making our dollars less valuable and giving us fewer choices of products. I digress from the subject....My apologies.
The single biggest reason for manufacturers leaving this nation is the tax monster we have created today (Lump all government interference into that...) and the quickest way to heal the wound that is cutting our throats is to kill the monster.
Wouldn't the foriegn produced goods be forced to lower their prices accordingly? Beleive me, the foriegn producers are not selling for the lowest possible cost today, they are selling just cheap enough to undercut their competitors prices. If their competitor lowers prices, they will be forced to do the same or sacrifice their competitive advantage.
Technological advances? Oh, you mean all those nifty things like VCR's that we invented then gave to the Japanese...
Every person I ever heard advocate "global economy" is somehow involved in buying it there and selling it here.
So I guess we disagree.
Employment explosion?
Maybe among the illegals, after all they would also see a higher wage, and the employer would no longer be worried about not withholding payroll tax's!
Unfortunate that the author did not allow for the effects of greed by the large corporations.
As I stated, a good start, but incomplete.
I'm not being defensive,
I'm on an offensive attack.
The NRST proposal is one of the most beligerantly convoluted, corrupt and fraudulent tax scams to have ever polluted the halls of Congress.
My apologies if you inadvertantly got caught in the crossfire.
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