Why tax income and subsidizes failures?

Discussion in 'Economy' started by akelch, Nov 20, 2012.

  1. akelch
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    akelch Senior Member

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    The tax code is over 70,000 pages large and no one understands it. We spend billions of dollars a year just to comply with the tax code.

    If we are really serious about growing our economy....this is the first place we should start.

    The FairTax will create more jobs and tax revenue then the trillions we spent in stimulus. And it is only 133 pages long.

    Thoughts?
     
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  2. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    Well, let's always remember that taxes don't create jobs, people who invent new products do; they got us from the stone age to here; they are responsible for economic growth.
     
  3. akelch
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    akelch Senior Member

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    Exactly.....so are you saying the tax code does not effect this?
     
  4. akelch
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    akelch Senior Member

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    Typo .....the Fair Tax is only 33 pages.
     
  5. Mr. H.
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    Mr. H. Diamond Member

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    133 down to 33. Damn you're good.
     
  6. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    the liberals can throw a monkey wrench into the machinery and harm economic growth and they can take it out to get us back to neutral, but they cant really cause growth because they are bureaucrats who don't invent new products.
     
  7. akelch
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    akelch Senior Member

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    That is why the income tax destroys economic growth.

    In order to have a government you will always need taxes. The question is how do you collect them so they do the least amount of harm. Taxing productivity doesn't make sense.
    The Fair Tax has no exemptions and in across the board. If you raise it....it is raised for everyone.
     
  8. The Rabbi
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    The Rabbi Diamond Member

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    Fair Tax sucks. It is a VAT in other form. Look at how VAT is implemented in other countries and we dont want that here. I am sure Income Tax started off pretty simply as well (actually it did: one page and most people didnt have to fill it out.).
    And no one is going to enact Fair Tax any more than we are going on the gold standard.
    I would rather see the Flat Tax. An exemption up to $30k and 18% for every dollar above that, period no exceptions.
     
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  9. akelch
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    akelch Senior Member

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    It's not a VAT in the form you describe.

    A flat tax is no different then our current system. It taxes productivity. People will still evade it by lying and hiding their earns. The rich will not collect a income so they will not have to pay. We will still need to fill out paper work and file every year.

    None of this would be a issue under the Fair Tax.
     
  10. AmyNation
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    AmyNation Road Warrior Supporting Member

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    The fair tax is very regressive, and would end up being shouldered mostly by the poor.
     

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