Taxation

Discussion in 'Politics' started by P.Muller, Aug 11, 2004.

  1. P.Muller
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    P.Muller Rookie

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    Tax Plan Either Presidential Candidate

    Both President Bush and Senator John Kerry have put forth a tax plan for all
    Americans, as they should. However I do not think that either candidate is presently feeling the pulse of Americans.
    On one hand President Bush wants to give temporary tax cuts to help spur the economy which mostly help the wealthy in this country.
    On the other hand Senator Kerry wants to cut taxes for some Americans, the
    middle class,and stick it to the wealthy by rolling back their tax cuts.
    In a survey recently 65% of Americans believed the present taxation method
    should be replace with a tax known as a "Fair Tax". Actually a Fair Tax would be a tax placed on items purchased in the marketplace. ( www.fairtax.org)
    In other words American wage earners would bring home over 93% of their earnings and spend them or save them as they see fit. Americans would still
    have deducted from their earnings the FICA Tax which supports Social Security. Americans at the poverty level or below would be exempted from taxation.All Americans would still have to file tax returns;in this way the IRS
    would know which Americans should be exempted from taxation.

    Neither the Bush or Kerry plan accomplishes what the Fair Tax would accomplish.

    The Fair Tax is in the committes in both houses of the Congress and it will take a lot of prodding by all Americans to get this new tax to the floor and voted on.
    As a member of the Fair Tax organization I urge you to contact your senator
    or representative and ask them to co-sign this legislation.
     
  2. Annie
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    Annie Diamond Member

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    Sounds pretty close to Hastert's plan, no?
     
  3. HGROKIT
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    HGROKIT Active Member

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    It does, but he was also talking about the value added tax and I do not recall how he planned to address SS. But Hastert was talking about abolishing the IRS, so I do not think there would be anything to file, as all taxes would be collected through sales.

    BUT - business would still have to file SOMETHING to show how much tax they collected.

    Never thought o fthis before - businesses would in essence be "tax collectors"
     
  4. Mr. P
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    Mr. P Senior Member

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    They are now HGROKIT.

    I've been in favor of this plan for years...nice to see it seeing the light of day. There's HOPE!
     
  5. Fmr jarhead
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    Fmr jarhead Senior Member

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    Businesses already have to report state and local sales taxes to the state and local government...there should not be a problem with using their same systme of reporting.

    The businesses also file quarterly statements for FICA, SS and other federal taxes, so it would just go to a new tax revenue collection agency, and not the IRS (I would guess)
     
  6. tpahl
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    tpahl Member

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    You are forgetting Badnarik. he has a tax plan that would elliminate the IRS and replace it with nothing. The key difference between Badnarik and the other two is Badnarik is actually proposing a decrease in spending. In other words he is actually pushing to lighten the burden on americans. The other two are just playing around with who should shoulder the burden since neither are proposing any cuts in spending.

    Travis
     
  7. tpahl
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    tpahl Member

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    Some states do not have a sales tax. Oregon and NH come to mind.

    Travis
     
  8. Annie
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    Annie Diamond Member

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    Travis, why not just give your opinion on P.Muller's Fair Tax Plan? Don't divert to Badnarik.
     
  9. tpahl
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    tpahl Member

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    First of all P mullers post was not just about the fair tax plan, but also about the presidential candidates tax plans and how they relate to the fair tax plan. Giving Badnariks tax plan is most definitly on topic. In addition, I think my post did give an opinion on his fair tax plan. It might not have been explicitly stated, but it was clear. But be a bit more explicit...

    I think it would be better to elliminate the IRS and reduce spending rather than just shift the burden around which is what the fair tax plan, bushs Plan, and kerrys plan do.

    Travis
     
  10. Mr. P
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    Mr. P Senior Member

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    Who the Hell is Badnarik
    anyway? :dev3:
     

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