Time to imagine day of no federal income tax

TheReporter.Com ^ | 2/14/2006 08:47 AM | Robert J. Ransom Jr., Petaluma

[Maceman]

Imagine paying a 40% sales tax.

I'll take that deal any day. Having to pay professionals and report every aspect of our private financial dealings to the federal government is an expensive boondoggle of an outrage and assault on the founding vision of the relationship between the people and the federal government.

[SuperOne]

you dont know anything about the fair tax. IT IS ABOUT 23%... AND YOU GET TO KEEP YOUR ENTIRE CHECK... and the SCUMMY POLITICIANS CANT GET THEIR GRUBBY HANDS ON IT.

[ovrtaxt]

I agree overall. Certainly a good portion of the budget is necessary, under the Constitutional mandate to 'establish justice, ensure domestic tranquility, provide for the common defense, promote the general welfare, and ensure the blesings of liberty...'

But certainly the part of the budget that's used as a tool to keep the dependency class voting Democrat should be axed.

Now, the FairTax people have released info over the last several years that indicate an INCREASE in tax revenue, had HR25 been in effect.

That tells me that 23% (inclusive) is too high, since it's supposed to be revenue neutral.

[Man50D]

Imagine paying a 40% sales tax.

You won't have to imagine paying 40% with the Fair Tax. Factoring in the prebate will result in only the wealthiest paying a maximum of 23%. Those with the lowest incomes will receive more money from the prebate than they will pay in taxes. Fair Tax FAQ #48 Also keep in mind people are more in taxes today than they will with the Fair Tax when you consider most people pay approximately a 15% income tax, 7.65% in payroll taxes,7.65 percent employer matching and top it off with all the embedded taxes that typically average 22% for goods and 25% for services. Fair Tax FAQ #5

[SuperOne]

IT COULD SAVE THE MIDDLE CLASS MAKE EM STRONGER ... It is important for our country.

[nopardons]

Spot on!

Those who promote the so called "fair tax", are gullible and don't understand what it would be like in practice.

When I moved to the state I now live in, there was NO states personal income tax. Shortly thereafter, one was proposed and people fell for the dangled lowering of the sales tax. They claimed that everyone would pay less. THAT DID NOT HAPPEN, EVERYONE PAYS MORE!

Then, there is also the side of the "fair tax", which even when explained, gets yelled down her and denied; to whit: there is a gaping hole for even worse cheating, with the "fair tax", than there is now. Also, people who pay lots of money on luxury goods, WILL find a way around the FT and/or just stop buying as much/all of it in America.

And making everyone, from the local babysitter, to a national corporation, become the tax collector for the nation, is an invitation to disaster!

[Principled]

Guess what kind of miscreants are steering HR25 and SR25 ?????

Calling names is recognized as a sign that the name caller has nothing else. Do you have an objection besides your thinking that tax reform supporters are miscreants? If you do, I'd like to hear it. I'm sure others would too. I'm looking for information. Got any?

[ovrtaxt]

This very system works just fine in Texas and Florida.

[nopardons]

I like your proposition the best.

[Principled]

That tells me that 23% (inclusive) is too high, since it's supposed to be revenue neutral.

Word on the street is that it'll come back around 18.5%. THat happens to be just over a 22% add onto prices of taxables.

We'll see. We dang sure don't need to be collecting any extra !!!

[SuperOne]

the current tax system has destroyed the middle class and the country...

[nopardons]

Exactly so and in spades!

[Man50D]

A national sales tax would be a disaster simply because once one was instituted it wouldn't take long for the income tax to reappear.

Repealing the 16th amendment will make extremely difficult for the income tax to be re instituted. Fair Tax GAQ #42 especially after people become accustom to receiving 100% of thier paychecks and not filling out any tax forms.

[ancient_geezer]

Its showing up everywhere!

Indeed it is !!!!.

 

A Taxreform bump for you all.

If anyone would like to be added to this ping list let me know.

John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.

H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.

Refer for additional information:

• search: "national sales tax" OR "national retail sales tax" OR "fairtax"

[nopardons]

The FLAT TAX is NOT a VAT.

You've just blown your entire position, b y also claiming that the "fair tax" isn't a VAT. LOL

[SuperOne]

good point

[ancient_geezer]

The best that can be done is to remove low-income people from any U.S. income tax bracket and very gradually move that income level up.

I see you approve of the AMT, which relies on inflation to move everyone up into the same tax calculation achieving precisely that.

[nopardons]

It also used to work here in Ct.; then, I moved here and Wieker ,lowered the boom. :-(

[SuperOne]

corp. already do not pay taxes: they pass them on to the consumer... you and me... we are the ones who pay taxes for everyone

Corp. taxes are embedded in the cost of goods and services.

[SuperOne]

true... buy your ebay stock now