Had my taxes done today have to pay a decent amount.Guess it is part of it though.
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Had my taxes done today have to pay a decent amount.Guess it is part of it though.
The bad news is you had to pay taxes the good news is you made enough to pay taxes. I like the "Fair Tax", no more IRS. Mike.
LOL I would have liked to paid more this year...... I look at it like Mike
Yeah that is a good thing but it still sucks in that sense lol.
Hey Mike, what do you call "fair tax" you'l still pay tax on your income and pay tax again when you spend. What's fair about that??
Go read it again. It replaces the IRS. No payroll taxes at all, including Social Security and Medicare. No federal income taxes of indivdual or corperations. The only tax you pay is at the cash register.
This elimates all the federal hidden taxes in every product you buy. It also eliminates the recordkeeping burden on companies. Also fewer lawyers, accountants, bookkeepers etc are needed. Once these are eliminated the cost of goods should go down by more than the federal sales tax.
Also each and every individual would receive a check from the federal government each month equilant to the tax on basic needs. This would offset the taxes on everyone just paying for the basics in life.
All individuals who lie to get out of paying taxes and all tax loop holes would close. 95% of all lobbyists would bo out of a job since their job is to get groups special deals on their taxes.
Also for those who are wondering, the more you spend the more taxes you pay so the rich people wil continue to pay more.
Lastly since the federal income tax is eliminated we, the US, will have the lowest corperate taxes in the world. Money that has been hiding around the world will come screaming back here along with those seeking high, safe returns in the most secure country in the world.
Read it again, Mike.
whats the percent of sales
Great, then we'd have another 100,000 out of work and be on the gov't dole. lolQuote:
This eliminates all the federal hidden taxes in every product you buy. It also eliminates the recordkeeping burden on companies. Also fewer lawyers, accountants, bookkeepers etc are needed. Once these are eliminated the cost of goods should go down by more than the federal sales tax.95% of all lobbyists would bo out of a job since their job is to get groups special deals on their taxes.
Hey Im on the dole but at least ill be a college graduate when its over.
Ps I was a drug addict/alcholic the whole time I was a productive working citizen, now im sober on welfare, strange very strange. bizarro world or something
Um, its only fair if you get a say in how its spent, also...
What were you like when you were on drugs, I wonder?Quote:
Originally Posted by skippy
Scrapette what does that mean how would you describe me, be honest I dont get offended easy. I was irritable, smart mouth jerk, and always negative, critical of others.Kinda like ________, well fill in the name you like.
Skippy, I see that picking Sponge Bob as your avatar was not a random event. LOL
for all those people mad at the 1% er's well they pay 40-50 % of all taxes in the country, thats paying their fair share I guess they can all leave the parks and go home
I hate Texas also. Oh wait you said taxes. JK MDG
might work in a cashless society but never in today's society. How are the Black Markets that that system would create be controlled?Quote:
Originally Posted by miked
I guess you are saying that companies would sell product under the table and not charge the sales tax. I'm certain that would happen, today we have people selling bootleg cd/dvd etc. What does happen now and would be more likely are dishonest retailers who collect the sales tax but under report it keeping the excess as profit. Several truck stops got caught doing this very thing and the money was big.
So like any law it needs to be enforced. Remember the IRS would be disbanded so there would be some employees who would transition to sale tax enforcement.
For me the positives outweigh any negitives. The government controls all of us via the tax code and I don't believe politians are smarter on how to spend my money them me.
Much of the money that is now "under ground" will be taxed for the first time. Think of crimals and others who hid their income now would be taxed when they spend it.
All the rich individuals and corperations who keep their money overseas to avoid income taxes will bring it back here. Why, no income tax and still the safest place to live and work. This will cause increase in investments here and increase in jobs here.
Another interesting aspect of the Fair Tax is in the future all Social Security reciepients would get the same amount. This would be because all the income taxes would be replaced by the Fair Tax including Social Security and Medicare. The way the system works now the more you pay into Social Security the more you are paid. So those who have the least continue to do so. I personally believe a means test should be applied to Social Security.
Please take to time to read from the web site it dose a far better job explaining than I can do. Mike.
Sounds like a simple plan. However, the government is not interested in anything simple, easy, or efficient.