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(6) Get rid of the income, capital gains, payroll, sales and corporate tax and replace it with the Fair Tax or VAT Tax.
A lot of good suggestions, except for VAT. VAT is a hidden tax added at each step of the supply chain. Taxes should be transparent. A Fair Tax or an end user Sales Tax which is separate from the purchase price accomplishes this.
I like Paul Ryan's Roadmap:
A Roadmap for America's Future | The Budget Committee Republicans
If the VAT replaces income, sales, corporate, capital gains and the payroll tax then I am for it. If you look at my signature, I have been a Fair Tax fan for a while!
(6) Get rid of the income, capital gains, payroll, sales and corporate tax and replace it with the Fair Tax or VAT Tax.
A lot of good suggestions, except for VAT. VAT is a hidden tax added at each step of the supply chain. Taxes should be transparent. A Fair Tax or an end user Sales Tax which is separate from the purchase price accomplishes this.
I like Paul Ryan's Roadmap:
A Roadmap for America's Future | The Budget Committee Republicans
I dont like the VAT or Fair tax because it empowers bureaucrats to make decisions as to what is taxed and what isn't. The WSJ had a great article on how this works in Britain.
I do favor a flat tax with elimination of deductions. Keep it simple, scooter.
ghook, I posted in another spot 10% cut accross the board cuts, and 20% military.
I'm fiscally conservative and socially way far left liberal.
A lot of good suggestions, except for VAT. VAT is a hidden tax added at each step of the supply chain. Taxes should be transparent. A Fair Tax or an end user Sales Tax which is separate from the purchase price accomplishes this.
I like Paul Ryan's Roadmap:
A Roadmap for America's Future | The Budget Committee Republicans
I dont like the VAT or Fair tax because it empowers bureaucrats to make decisions as to what is taxed and what isn't. The WSJ had a great article on how this works in Britain.
I do favor a flat tax with elimination of deductions. Keep it simple, scooter.
I am not as familiar with VAT tax as I am with the Fair Tax. I was under the assumption they were similar.
The flat tax does not eliminate the Corporate, Sales, Payroll, Capital Gains or Income Tax. Really it does little. If we are going to tax income, then a progressive tax, where the rich pay the bulk is by far the best way. Lossing 25% of your pay checks means more to a person on minimum wage then it does to the $250K a year person.
The fair tax eliminates these C, S, P, CG and I tax, hence making America a very attractive place to move and/or keep your business in, including manufacturing companies!
I know that the percentage owing stocks has exploded since the advent of the 401K. To pretent most of America doesn't benefit from a flurishing stock market is comical.
ghook, I posted in another spot 10% cut accross the board cuts, and 20% military.
I'm fiscally conservative and socially way far left liberal.
By socially left do you mean pro-abortion, pro-gun control and pro-fag marriage, or do you mean pro-entitlements programs. If its the later your can't be a fiscal conservative.
I know that the percentage owing stocks has exploded since the advent of the 401K. To pretent most of America doesn't benefit from a flurishing stock market is comical.
I'm not pretending that nor did I say that.
What I am doing is asking you if you have a good source for how these simple stats about stock ownership really break down.
Do you?
Can you tell me please, at least by economic quintile, what percentage of corporate stocks and liquid assets each quntil owns?
And better still can you break down the top 20% into the top 10%, 5% 1% and 1/10th of 1%.
These figures will be much more illuminating for ALL of us, than your simple (even if it is completely accurate) take of asset distribution.
I'm not seeking to WIN A DEBATE here, mate, I am seeking to arrive at a MEANINGFULLY useful truth.
ghook, I posted in another spot 10% cut accross the board cuts, and 20% military.
I'm fiscally conservative and socially way far left liberal.
By socially left do you mean pro-abortion, pro-gun control and pro-fag marriage, or do you mean pro-entitlements programs. If its the later your can't be a fiscal conservative.
you are retarded and so are your policies. Those are social policies dork
Irelands efforts to pull out of a deep economic slump suffered a setback Monday when a major credit agency downgraded the countrys bond rating, citing a weak banking system and rising debt.
Moodys Investors Service downgraded Ireland one notch, to Aa2 from Aa1, although it remains comfortably above junk level. Moodys also changed the outlook on the ratings to stable from negative.
Todays downgrade is primarily driven by the Irish governments gradual but significant loss of financial strength, as reflected by its deteriorating debt affordability, said Dietmar Hornung, a senior credit officer at Moodys.
The agency also said that the downgrade had been driven by the increased burden in liability for banks after a series of recapitalization measures led by the state.
It's 40 years after the Moon landing and most people can't figure out the economy has been running on PLANNED OBSOLESCENCE for decades.
Get the book THE SCREWING OF THE AVERAGE MAN, copyright 1974.
Ask an economist how much Americans have lost on the depreciation of automobiles every year since the Moon landing.
What do you mean they don't collect those statistics?
Demand Side Depreciation is a Lie of Ommision by the entire economics profession.
The disintigration of the middle class is an example of the PLANNED OBSOLESCENCE of the working classes.
The American middle class became obsolete the moment the communist system fell apart, and the American master class no longer had a viable threat to their international hegemony.
I know that the percentage owing stocks has exploded since the advent of the 401K. To pretent most of America doesn't benefit from a flurishing stock market is comical.
I'm not pretending that nor did I say that.
What I am doing is asking you if you have a good source for how these simple stats about stock ownership really break down.
Do you?
Can you tell me please, at least by economic quintile, what percentage of corporate stocks and liquid assets each quntil owns?
And better still can you break down the top 20% into the top 10%, 5% 1% and 1/10th of 1%.
These figures will be much more illuminating for ALL of us, than your simple (even if it is completely accurate) take of asset distribution.
I'm not seeking to WIN A DEBATE here, mate, I am seeking to arrive at a MEANINGFULLY useful truth.
I'm not debating that the top quintile own the most stocks.
Proably a good idea since that is very likely the case and you and I both know it.
It took me a while to get in it, I like the top quintile.
How nice for you.
What you fail to recognize is everyone wants to be in it, and many make the rise of several quintiles in thier careers.
Again, interesting, but hardly germane.
what exactly is the harm of having millions of millionaires?
I'd ask you what model works better, but I know it's not out there.
what exactly is the harm of having millions of millionaires?
I'd ask you what model works better, but I know it's not out there.
Hey stoner, why not quote the person your attempting to debate with so people can figure out who you are annoying!
Blashaphemy, wtf I don't want accountants salaries going down in the next 5 yrs. After that teach all the acct you want. Right now I like that everybody thinks it's the hardest curriculum in Business.