LMAO!! The whole friggin system is broke!! You must work for the IRS.
The left had great sounding theories on socialisim that never worked. They sounded good, but they didn't work. I suspect this could fail just as miserably (perhaps by giving government the opportunity to add a sales tax, but then renege on getting rid of income taxes).
What we have works. If it ain't broke, don't fix it.
READ MY LIPS, NO NEW TAXES! (even if they promise, cross their hearts, to get rid of the old one)
I repeat, abolish the 16th Amendment. Read the proposed legislation before you solidify your opinion. The sponsors posit that this legislation would free $5 to $6 trillion (if memory serves) for our economy. But abolition of the 16th Amendment would be ABSOLUTELY ESSENTIAL.
But hurrying in to change a successful system because we've got a theory on how to make it better seems like a bad idea on it's face.
On it's face? Most change is met with resistance. That's a given.
The left had great sounding theories on socialisim that never worked.
The regressive income tax is rooted in socialism/fascism. The NRST is rooted in capitalism. It doesn't get implemented as pure capitalism, despite eliminating the IRS, but that is the direction it will be pushed towards and eventually, sooner rather than later will evolve to user/service fees. That comes along with downsizing government due to tax transparency and a booming economy. Other countries will have to follow suit to remain competitive.
I suggest you look at www.fairtax.org for more information on the National Sales Tax. It seems to be win-win to me. Consider:
1) every item you buy today has a built-in cost for complying with the 40 volumes of income tax regulations even if the corporation producing or transporting or selling the item paid no corporate income tax at all. This is simply waste. Eliminating the income tax eliminates this waste. This waste, combined with the cost of employment taxes, totals approximately 22% of every item you buy. Eliminate these taxes, the cost of all items goes down about 22%. If the sales tax is at about 22%, at worst you break even, even if you pay no income tax.
2) Moderate income workers will get an immediate 15% increase in their pay - they don't pay FICA, their employers don't pay FICA and so can increase their pay. Higher income workers don't pay income tax.
3) Everybody pays national sales tax, including the very rich, illegals and people who earn money illegally. This will reduce the overall tax rate because more people will be paying than pay now.
4) More jobs will be created - US companies will have their costs reduced by 22%, so can sell stuff overseas cheaper. Moreover, overseas companys will be enticed to build new plants here because their profits will not be taxed by the US any more.
5) The poor will gain big time - they get more money when they work, they pay lower prices, and they get a rebate of taxes paid on the first $20,000 of stuff they buy.
6) It screws the Democrats big time by taking away 2 of their biggest scare issues - the "tax cuts for the rich" class warfare rhetoric, and the "Republicans will take away social security" issue.
7) Since everyone pays taxes, it provides incentive for everyone to be interested in what is actually being done with all that tax money -- encourages an informed and interested electorate.
What is not to like??
The history of cutting taxes proves it works.
Read about the fair tax
www.fairtax.org
Was the United States of America a poor country prior to 1913?
Are you talking about the same IRS I have to deal with????
Not broke???
Well, maybe not. It's so limber and convoluted, it doesn't break, just wraps around ya like a serpent and strangles ya to death
If you honestly think our system ain't broke, then you must not pay any income taxes. If you think that 50% of our country voting for socialism is a success, then I half to ask what your motives are.
The reality is that we almost had a President that PROMISED to raise taxes on the successfull persons in our country. Why are you supporting that platform?
LMAO!! The whole friggin system is broke!! You must work for the IRS.