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Pages: [1]
Poll
Question: What idea do you like the most?
#1
Flat Tax w/ $35,000 exemption
 
#2
Federal Sales Tax w/ rebate to help lower class
 
#3
VAT (Value Added Tax)
 
Show Pie Chart
Partisan results

Total Voters: 33

Author Topic: Tax Reform  (Read 8411 times)
○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,743


Political Matrix
E: -7.38, S: -8.36

« on: November 08, 2004, 05:15:02 AM »

You get to keep your whole check though so you'd have more disposable income to purchase your goodies.


What about payroll taxes?
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○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,743


Political Matrix
E: -7.38, S: -8.36

« Reply #1 on: November 09, 2004, 04:42:48 AM »

You get to keep your whole check though so you'd have more disposable income to purchase your goodies.


What about payroll taxes?

I think the sales tax abolishes federal corporate and payroll taxes.

You mean that it generates about $2 trillion a year in revenue? What's the tax rate? 75%?
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○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,743


Political Matrix
E: -7.38, S: -8.36

« Reply #2 on: November 11, 2004, 01:04:39 AM »

You get to keep your whole check though so you'd have more disposable income to purchase your goodies.


What about payroll taxes?

I think the sales tax abolishes federal corporate and payroll taxes.

You mean that it generates about $2 trillion a year in revenue? What's the tax rate? 75%?

I believe it is proposed to be 23%

The math doesn't work.
A lot of the GDP would be exempt (since only personal spending is counted). The GDR is $10 trillion a year. We need $2 trillion a year
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○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,743


Political Matrix
E: -7.38, S: -8.36

« Reply #3 on: November 13, 2004, 05:30:09 AM »

JFRAUD

Keep the Income tax for businesses (WHAT IT WAS REALLY CREATED For). Sales tax for all citizens. Sales tax would NOT be regressive as food would be exempt obviously. You wouldn't be paying anymore payroll taxes either so that makes up a large part of the sales tax. We get along just fine here in FL without a Income tax and our economy is booming. I have no reason to see why it wouldn't work nationally.

www.fairtax.org

If all this stuff is exempt, how the hell are you going to come up with the $2 trillion per year needed? Argue one way or the other.
Either
1. It will pay for the entire federal budget
2. It will be only 23%
3. It will be extremely regressive

You can't win them all.
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