The Tax Man

[Polk]

Also, the great thing about quoting the Founding Fathers is you can find a statement by at least one of them to support any position ever:

Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labour and live on. If, for the encouragement of industry we allow it to be appropriated, we must take care that other employment be furnished to those excluded from the appropriation. If we do not the fundamental right to labour the earth returns to the unemployed. It is too soon yet in our country to say that every man who cannot find employment but who can find uncultivated land, shall be at liberty to cultivate it, paying a moderate rent. But it is not too soon to provide by every possible means that as few as possible shall be without a little portion of land. The small landholders are the most precious part of a state.

Thomas Jefferson to James Madison

28 Oct. 1785

Equality: Thomas Jefferson to James Madison

 

[johnwk]

Also, the great thing about quoting the Founding Fathers is you can find a statement by at least one of them to support any position ever:

Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labour and live on. If, for the encouragement of industry we allow it to be appropriated, we must take care that other employment be furnished to those excluded from the appropriation. If we do not the fundamental right to labour the earth returns to the unemployed. It is too soon yet in our country to say that every man who cannot find employment but who can find uncultivated land, shall be at liberty to cultivate it, paying a moderate rent. But it is not too soon to provide by every possible means that as few as possible shall be without a little portion of land. The small landholders are the most precious part of a state.

Thomas Jefferson to James Madison

28 Oct. 1785

Equality: Thomas Jefferson to James Madison

And? How does that apply to our current circumstances and tax reform?


JWK



Our tyrant in the White House forces the productive to pay taxes so he can spread their wealth, but he does not force his beloved 40 % who pay no income taxes to work for the taxes they get.

 

[auditor0007]

7% general sales tax on all retail transactions
+
7% income tax on individual income in excess of $3 million per year. EVERYONE earns their first $3 million tax free.

No corporate tax other than on what they spend, no bullshit loopholes or special treatment, no huge IRS bureaucracy to support collecting at the retail level because consumption taxes are collected at the wholesale level.

A consumption tax is inherently unfair to the lower incomes.
An income tax is inherently unfair to the upper incomes.

Simple taxes = fair taxes. A simple blend of consumption and income taxes is fair.

If the federal government cut spending to $3 trillion, based on a GDP of $15 trillion, and considering that consumer spending is only 70% of GDP, the rate would need to be around 28%. This does not include state sales taxes that average 7% to 8% nationally. That puts us to 35% to 36%. Now according to Fairtax.org we would get a prebate that would cost between $750 billion and $1 trillion. So add another 10% sales tax to cover that. Now we are at a combined federal/state tax rate of around 45%. Fairtax.org says a 23% rate would cover everything other than state tax, so even they suggest we would need a combined federal/state rate of around 30%. But as I have just demonstrated, their numbers don't add up.

Either way, when tax rates become that high, you can be guaranteed that one thing will definitely happen. We would develop a massive black market for just about every good sold. Of course, that would lead to lower revenues, which in turn would lead to higher tax rates. A national sales tax would be a nightmare and is definitely not something we want to see.

 

[Two Thumbs]

No federal income tax. A base sales tax would even every thing out on it's own.
Poor man buys hamberger on sale
Rich man buys filet mignon whenever he wants
With that we could close the IRS

States could do the same thing.

Get rid of any tax that everyone does not pay.

reform welfare from being mommy to a teaching institute where to qualify you must get some kind of job training and have a limited time to find a job.

No money to any kind of business. Succeed or go out of business.

 

[auditor0007]

Why consumption tax is unfair to lower incomes?

Lower income means you have to spend a higher proportion of your income on goods and services. Therefore, higher effective tax rate.

Whats wrong with living within means? That's exactly a reason why we are in this shit today. Those who don't have, wants to have something they can't afford.

Cant afford a house, don't buy it. Can't drive Cadillac, well... drive FIAT.

Have you seen the price for a Fiat? I was ROTFLMAO. They'll be lucky to sell a few thousand per year at that price.

 

[auditor0007]

It's not about "living within means". It's about simply living. If someone makes 25k a year, pretty much all of their income goes to consumption, be in housing, food, utilities, car, whatever. That's not the case for most people making 200k a year. A large portion of their income will be saved.

How fucking dumb and uneducated must one be to only make $25K?

As of the most recent year I have numbers for (2006), 42% of Americans over the age of 25 make 25k a year or less.

That's their fucking problem. They should work harder.

 

[Two Thumbs]

Lower income means you have to spend a higher proportion of your income on goods and services. Therefore, higher effective tax rate.

Whats wrong with living within means? That's exactly a reason why we are in this shit today. Those who don't have, wants to have something they can't afford.

Cant afford a house, don't buy it. Can't drive Cadillac, well... drive FIAT.

Have you seen the price for a Fiat? I was ROTFLMAO. They'll be lucky to sell a few thousand per year at that price.

Fiats are death traps.

buy a KIA Rio. It's a,,,,,, coma trap.

 

[Skynet]

How fucking dumb and uneducated must one be to only make $25K?

As of the most recent year I have numbers for (2006), 42% of Americans over the age of 25 make 25k a year or less.

That's their fucking problem. They should work harder.

tell that to the 7 million unemployed jackass

 

[Polk]

As of the most recent year I have numbers for (2006), 42% of Americans over the age of 25 make 25k a year or less.

That's their fucking problem. They should work harder.

tell that to the 7 million unemployed jackass

Sarcasm. Maybe you're familiar with it?