FlatTax?

RidinHighSpeeds · 04-08-2005, 09:36 AM

What do you think about the flax tax?

If your not sure what this is...it would help eliminate the income tax where you only pay taxes on things you buy. And you can rebate the taxes on things like clothes, food, mainly necessities. So basically the more you spend, the more taxes you pay. The more you save, the more money you keep (goverment does not have their hand out).

The big plus for this is other countries would have to pay this tax as well when they are buying goods or trading with the US. After much research, 100s of billions of dollars can go to the US paying off Social Security and the big debt we have had for decades.

More information here:
http://www.fairtax.org/

Good video to watch on this tax system:
http://64.105.60.195/video/Hastert.wmv

duncanmac · 04-08-2005, 11:06 AM

I would be all for that.Everyone then pays their fair share.

liberalguy · 04-12-2005, 09:57 PM

No the lowest income earners get f'd.

RidinHighSpeeds · 04-12-2005, 10:37 PM

Quote:

Originally Posted by liberalguy

No the lowest income earners get f'd.

and your explanation to this thought?

Mojo Potatoes · 05-02-2005, 09:26 PM

I see a few issues with the flat tax, aside from the issue that the bureaucrats and politicians will fight eliminating ALL other forms of taxation, be it federal or state income, state sales tax, property tax, "sin" taxes, license fees and registrations, etc. The government should learn to live within strict financial constraints. Eliminate all taxation and government fees, and replace them with a flat tax rate applied to all income over "n" amount, perhaps $30k annually. A great starting point might be five percent. The government is not entitled to a "cut" of the fruits of my labor! A spinoff of the flat tax is to only tax unearned income, e.g., interest, dividends, capital gains, etc., as originally intended with the income tax.

Perhaps the greatest challenge to such an effort would be that of maintaining the purity of the system. As soon as you develop such a system, special interests are going to be asking for exemptions for one thing or another. If we adopt a flat tax, there should be zero exemptions, period.

Personally, I lean toward the concept of a consumption tax, but even that presents problems stemming from "black market" operations. There is always someone who wants to skirt the system and avoid the payment of taxes. I suspect much of the efforts stems from the fact that we are obscenely burdened with taxes to the point that it very profitable to cheat.

hevusa · 05-02-2005, 11:29 PM

Quote:

Originally Posted by Mojo Potatoes

I see a few issues with the flat tax, aside from the issue that the bureaucrats and politicians will fight eliminating ALL other forms of taxation, be it federal or state income, state sales tax, property tax, "sin" taxes, license fees and registrations, etc. The government should learn to live within strict financial constraints. Eliminate all taxation and government fees, and replace them with a flat tax rate applied to all income over "n" amount, perhaps $30k annually. A great starting point might be five percent. The government is not entitled to a "cut" of the fruits of my labor! A spinoff of the flat tax is to only tax unearned income, e.g., interest, dividends, capital gains, etc., as originally intended with the income tax.

Perhaps the greatest challenge to such an effort would be that of maintaining the purity of the system. As soon as you develop such a system, special interests are going to be asking for exemptions for one thing or another. If we adopt a flat tax, there should be zero exemptions, period.

Personally, I lean toward the concept of a consumption tax, but even that presents problems stemming from "black market" operations. There is always someone who wants to skirt the system and avoid the payment of taxes. I suspect much of the efforts stems from the fact that we are obscenely burdened with taxes to the point that it very profitable to cheat.

The point that republicans dont understand is even the rich need their asses wiped. In other words all aspects of a functioning society need to be taken care of. That is why a flat tax is unfair against the poor, and bias towards the rich.

Mojo Potatoes · 05-03-2005, 12:22 AM

It doesn't have anything to do with Republican versus Democrat. And a flat tax is not unfair, at least no more than the plethora of other taxes inflicted upon society. Taxes should pay for national defense, regulation of interstate commerce and infrastructure. It should not be portioned out to pay for social programs. A flat tax does not have to target lower incomes. It could easily exclude the lower end of the spectrum with respect to income, e.g., no tax at all below $30k, as I suggested. The premise that the government has some obligation to take away money from those who earn it to supplant the needs of those who do not is ludicrous.

And of all the taxes imposed upon society, none could be more punitive than the sin taxes. Much of the consumption of alcohol and tobacco is paid by the lower income groups. Now that is punitive . . . taxing morality.

hevusa · 05-03-2005, 12:50 AM

Quote:

Originally Posted by Mojo Potatoes

It doesn't have anything to do with Republican versus Democrat. And a flat tax is not unfair, at least no more than the plethora of other taxes inflicted upon society. Taxes should pay for national defense, regulation of interstate commerce and infrastructure. It should not be portioned out to pay for social programs. A flat tax does not have to target lower incomes. It could easily exclude the lower end of the spectrum with respect to income, e.g., no tax at all below $30k, as I suggested. The premise that the government has some obligation to take away money from those who earn it to supplant the needs of those who do not is ludicrous.

And of all the taxes imposed upon society, none could be more punitive than the sin taxes. Much of the consumption of alcohol and tobacco is paid by the lower income groups. Now that is punitive . . . taxing morality.

Yes it is unfair. The more money you have the more should go back into the system. Reps will never let the lower income earners go untaxed. They are just "lazy bastards".

Rich dont smoke or drink?

RidinHighSpeeds · 05-03-2005, 06:43 AM

The more money you have, the more money you have to spend. If you spend more money, you are paying more taxes.

How is this system not making sense?

hevusa · 05-03-2005, 06:00 PM

Quote:

Originally Posted by RidinHighSpeeds

The more money you have, the more money you have to spend. If you spend more money, you are paying more taxes.

How is this system not making sense?

Nothing about our system makes sense. 400 billion to military???
And you are telling me we can't take care of our base?

View Poll Results: Flat Tax
For it!	10	43.48%
Against it!	6	26.09%
Some other option for change	6	26.09%
Do not change our system	1	4.35%
Voters: 23. You may not vote on this poll

04-08-2005, 09:36 AM		#1 (permalink)
	RidinHighSpeeds Website Owner Join Date: Jan 2005 Location: Taxachusetts Gender: Posts: 5,504 Country: Thanks: 12 Thanked 70 Times in 62 Posts	FlatTax? What do you think about the flax tax? If your not sure what this is...it would help eliminate the income tax where you only pay taxes on things you buy. And you can rebate the taxes on things like clothes, food, mainly necessities. So basically the more you spend, the more taxes you pay. The more you save, the more money you keep (goverment does not have their hand out). The big plus for this is other countries would have to pay this tax as well when they are buying goods or trading with the US. After much research, 100s of billions of dollars can go to the US paying off Social Security and the big debt we have had for decades. More information here: http://www.fairtax.org/ Good video to watch on this tax system: http://64.105.60.195/video/Hastert.wmv Networked Web Sites Jon-Kingsbury.com DefendingTheTruth UML Forums

05-03-2005, 06:43 AM		#9 (permalink)
	RidinHighSpeeds Website Owner Join Date: Jan 2005 Location: Taxachusetts Gender: Posts: 5,504 Country: Thanks: 12 Thanked 70 Times in 62 Posts	The more money you have, the more money you have to spend. If you spend more money, you are paying more taxes. How is this system not making sense? Networked Web Sites Jon-Kingsbury.com DefendingTheTruth UML Forums

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