Posted on 10/02/2017 5:57:59 PM PDT by Mariner
Manufacturing and agriculture create wealth also. Importing and retailing, not so much,
Just for Californians. Guess I just like the idea of seeing traitors and secessionists being brought to heel...
Still dodging the issue. Rental property, S corporations, expenses for businesses and stock transactions make a one page return impossible. Maybe you think the IRS is going to just take your word for it.
Tariff can’t fund the military.
I said a tariff plus a sales tax. I would also keep the payroll deduction as they are until social security and medicare can be addressed separately.
Those who serve the market create wealth. The Division of Labor creates wealth all along the way. In fact, every new division in the labor change creates wealth because it makes the market more efficient.
You really believe that retailing creates no value? Of course it does since a wholesaler with a warehouse full of a commodity sells it to a specialist, the retailer, who sells it for far more than if he tried to own his own. The difference between what the wholesaler could sell and the sale of the retailer.
How does imposition of a massive sales tax not collapse the economy?
Which is why I don’t understand the thinking behind eliminating exemptions for dependents.
I’m going to have to cut way back to afford the extra tax burden.
As a Conservative stuck living in a Blue State (Illinois) I fully support a FLAT TAX that EVERYONE pays.
Stop this nonsense that anyone below a certain dollar amount a year pay NOTHING. Either EVERYONE has skin in the game or NO ONE has skin in the game.
Everyone pays, no exceptions.
They could just stop trying to tax all of that way more complicated investor stuff....
“You don’t think reducing the corporate taxes will result in increased returns to (the itemizing) investors?”
It should.
That’s why I support 0% corporate tax.
But that has nothing to do with individual deductions nor net taxes paid by individuals.
And yet they raise the lowest bracket from 10% to 12%.
Some “tax relief”
Income tax is partial slavery. Many hours of your labor ech year are due the Feds. If peeps are not earning money, they should have to put in 0.4 x 40 hr/wk = 16 hours of their labor per week for the benefit of the gov't. That would be fair.
Here it does. The loss of deductions is tied to reducing the corporate tax.
“Just for Californians. “
North Carolina has a higher percentage of people claiming these deductions than either CA or NY.
It’s apparent you did not read the article.
State percentages really don’t tell the whole story. The total amount of revenue to the Feds counts way more.
I would not touch SS and MC, that is the biggest part of the budget so they would be funded by a parole tax. So the tariff and sales tax would have to add up to $1.5 trillion, not hard at all.
The issues of SS and MC would be separated from the general revenue which is another great by product of ditching the income tax.
Deny, Accuse, Reverse Victim and Offender.
“The total amount of revenue to the Feds counts way more.”
Counts, for what? Social Justice?
For your prurient pleasure in who gets hurt? Vengeance?
For the individual taxpayer what really counts is their net tax.
Oh, an they count as their mortal enemies those who advocate for and enable an increase in their taxes.
“The loss of deductions is tied to reducing the corporate tax.”
Only because the Social Justice Warriors WANT to link them.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.