OOTB's Political Thread . ..
- Thread starter BillyL
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I admit it does sound attractive, maybe a sales tax/flat tax combo of some sort.
It is a wonderful concept. Doesnt do anything for state taxes, but federal it checks many boxes. Paying your tax thru purchase is a good model. Buy a car, you pay the government their portion. Buy a house, same thing. Buy a grocery cart full same thing, except you get that back. Live your same life, but pay a small amount more for goods, and everyone is equal. It also i cludes returns for items of necessity like food, medicine, ect .It ensures the rich will bear the load with their lifestyles
I agree with this concept for the most part. I think the only concern is that the black market for these luxury items that I'm assuming you're now taxing in the range of 20% (new phones, new TVs, etc etc) would go through the roof and then the government is earning less money because they aren't getting anything on that now. I do definitely think this is an improvement on the current system though.
I think some combo as @prlyles said is probably best. As with anything, the best solution is generally a combo of the best parts of a few ideas...but again, that concept is completely lost on 90% of the population these days.
Speaking of taxes ol gasbag Joe and his cougar trophy wife did the VERY same thing he accuses Trump and all those evil Republicans. This guy should be called on this tonight by Trump. What a fraud this senile stooge is
Wow, that looks like a reliable source......Speaking of taxes ol gasbag Joe and his cougar trophy wife did the VERY same thing he accuses Trump and all those evil Republicans. This guy should be called on this tonight by Trump. What a fraud this senile stooge is
Can it be anymore than losses of 70k worth of hair appointments? It closes many loopholes in my book. We would need to change the way we itemize. As for black markets, nothing more can be done outside of getting rid of cash$$$$$
Wall street Journal and Cnbc NOT reliable??? oh ok This publication is merely reprinting the gist of their stories. But hey you are a lackey for the left so your response is predictable
It was pushed back in the early 2000's. Congress wouldnt give it a look.
oh, i remember it well...just revisiting it now would be refreshing.
Article with good and bad
Anyone going on about the haircuts are just showing that they have no idea about any of this- Trump made over $200 million by being the star of the Apprentice. How much do you think he should have invested in his personal appearance? $3.50?
Can we now move on from the latest recycled bombshell to the next recycled bombshell that will soon be re-released? I'm betting it's allegations of sexual impropriety without any substantiation.
The "Fair Tax" is the most unfair, regressive tax that there is- lower income people pay a much higher % of their wages in taxes than do higher income people. Let's say you make $25,000- you are going to need to spend every dime of that to survive. However if you make $250,000, you can bank a huge portion of that without paying a cent in taxes on the money which is banked.
Flat tax is the most fair.
Flat tax is the most fair.
I was using that as an example snippy. I write off ridiculous things as well.
Lower income people buy much less luxury items than the rich. Everyone would receive credits for items of necessity. And to be honest, does everyone really need the latest iphone?
The concept beats the current system by miles. I would think it could help with cost of living inc
Yes, I know you were. But the usual gang of morons on here are acting like things that were reported years ago are all of the sudden breaking news. And that Trump writing off haircuts and make-up is akin to laundering money through a Panamanian bank.
Basically you are saying that the first X thousands of dollars would be tax free. It's still highly regressive though because people $1 over the threshold pay a higher percentage of income in taxes than would people who are $1,000,000 over the threshold. We don't want an economy that encourages people to save- we want one that encourages people to spend- especially wealthy people.
I know, i was simply ootbing my response. You know, like we all did back in the day before everyone hated each other
lol...nice broad brush, though.
as was stated earlier, combinations of plans would be the starting point; prebates, gradual shift from income to fair, some options for seniors not having an income, etc.
This is true, but low income people spend with credit. Saving money is a wonderful thing. Not living paycheck to paycheck should be a good goal. Buying a 1000 dollar iphone should not be the priority of a low income person.
The reason we wont have this or anything similar is because politician's have to vote it in place. They put our ridiculous tax code in place anyway. Or should i say the government as a whole.
Those are excellent personal goals in my opinion, but if you are trying to grow an economy, you do so through consumption.
You are also making a value judgement on how you think other people should spend their money. I'm pretty sure you and I have very similar values, but even still, we shouldn't seek to impose our personal values on others.
This is not only a very good, informative article but it's also still in the 2005 format of the site and that's just A+ nostalgia.
Yeah - this is a great point and probably the biggest fear I have with the system. Consumption is like steroids for an economy and I'm against anything that stifles that.
this is why it doesn’t get a serious look, imo...you said it, spending habits.
i have learned(last 10 or so years)to no longer care what people spend their money on, wonder how they can afford this or that(even personal friends), or why someone would desire to live house poor.
I’m sorry but I haven’t accused Trump of doing anything illegal. The fact that he has made a big deal about Obama paying a low tax rate when he was paying no damn taxes at all.
It amazes me that people don't understand that a business needs to pay employees, and they frequently get consultants to be in essence temporary employees. It doesn't matter if the employee is related to the owner, as long as the employee is paying taxes on their income. The lack of elementary business knowledge with people harping on that is borderline offensive.
The Obama Legacy.
sorry about your limitations. Sad to think what people like you miss out on with your lack of literacy.
Yep- after the ACA is cast aside by ACB, Obama's only legacies will be sending pallets of cash to Iran and getting Trump elected.
too bad you aren't literate enough to determine if it contains incorrect information.
the desire to succeed is so strong in some people that they try to create their own success instead of just leaching off the success of others. People striving to succeed has been such a burden on this country I don't know how it has survived. We have to put an end to the horrendous damage by leaching off successful people even more, because nothing else seems to discourage them. That about right?
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