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View Poll Results: Is the Automatic Electronic a good ideal
Excellent Ideal 1 4.17%
Has some good points, but not a great imporvement 1 4.17%
Not a good ideal 15 62.50%
Other answer 7 29.17%
Voters: 24. You may not vote on this poll

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Old 08-08-2010, 10:37 AM
 
15,125 posts, read 7,572,770 times
Reputation: 7437

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Quote:
Originally Posted by MinnesotaTwins View Post
I personally think we should eliminate all income taxes and instead reinstitute prtective tariffs to pay for everything.
thats an even worse idea than the one the op linked to. the best way is to eliminate income taxes at all levels, and go to a consumption tax. that way everyone pays their fair share.
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Old 08-08-2010, 10:43 AM
 
22,305 posts, read 17,469,942 times
Reputation: 9062
Quote:
Originally Posted by rbohm View Post
thats an even worse idea than the one the op linked to. the best way is to eliminate income taxes at all levels, and go to a consumption tax. that way everyone pays their fair share.
Yes however, when would the tax be collected??

Would tax be collected at every step of production???
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Old 08-08-2010, 11:20 AM
 
15,125 posts, read 7,572,770 times
Reputation: 7437
Quote:
Originally Posted by Driller1 View Post
Yes however, when would the tax be collected??

Would tax be collected at every step of production???
that would depend on the tax rate imposed. make it small enough and tons of money will roll into the federal coffers, and the burden will remain fairly small on the consumers.

if say a rate of 2% was levied at all levels of production, it would translate into lower overall taxes being paid by the individual, but again lots of money to the government.
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Old 08-08-2010, 11:25 AM
 
Location: Tennessee
22,999 posts, read 17,958,677 times
Reputation: 32533
Quote:
Originally Posted by RayinAK View Post
The best tax is no tax at all, but if we have to pay tax: how about federal flat tax of 10%?
I'm with a flat tax if it includes no credits, no exemptions and no deductions. Otherwise, I'd prefer a capped sales tax.
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Old 08-08-2010, 12:35 PM
 
Location: Sango, TN
24,865 posts, read 11,361,822 times
Reputation: 8421
I have a hard time believing such a tax would be able to tax enough to get the money needed.

Maybe if it went to 5%, as the article lists, but then thats more taxes than I'm paying now.

No thanks. Flat tax, everyone benefits from the government in the same percentage, we should all have the exact same percentage tax rate. Upper, lower, and middle classes should all pay the exact same tax rate. You could still disengage the IRS, because the tax code would be significantly smaller.

"You make x dollars? x percent of those dollars are needed to run the government duly elected by the population" x could be anything from 1 to 1,000,000.
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Old 08-08-2010, 03:41 PM
 
8,469 posts, read 7,090,502 times
Reputation: 3871
It smells too much like the Value Added Tax. A tourist back from Europe wondered why he got charged VAT on his rental car, how could he be adding value by driving it 700 km?
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Old 08-08-2010, 03:48 PM
 
Location: Not far from Fairbanks, AK
13,048 posts, read 14,664,212 times
Reputation: 8429
Quote:
Originally Posted by reid_g View Post
Great idea but will never see the light of a day because our so called leaders use the tax code as a political football.They also use it as a weapon of division, you have one camp of tax cutters and the other camp as tax raisers.Lets also recall that the progressive tax code is one of the tenets in Marx's manifesto,funny how two parties that supposedly have different ideology both embrace it.
Then our Friends on the left that claim to be champions of equality throw it out the window and want discrimination against others with a fatter wallet.I think there is a word for that it begins with a H.I agree with the 10% with no write off and what ever the amount of total receipts our gvt should limit spending on that restraint.
You are correct about that. And lets not forget that we still pay all kinds of taxes not mentioned, on top of all federal taxes. For example, we all pay State property taxes, sale tax, federal/state/city fuel taxes, communication taxes, sports items taxes (firearms, sports equipment, and so forth), and everything under the sun taxes. In general, working Americans pay over 40% in taxes already!
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Old 08-08-2010, 04:25 PM
 
22,305 posts, read 17,469,942 times
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Quote:
Originally Posted by LauraC View Post
I'm with a flat tax if it includes no credits, no exemptions and no deductions. Otherwise, I'd prefer a capped sales tax.
Can you afford $22+ for a loaf of bread?
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Old 08-08-2010, 04:30 PM
 
Location: Michigan
4,593 posts, read 2,728,354 times
Reputation: 1341
Quote:
Originally Posted by REVSALTY View Post
I know we do not like paying tax, but it is a fact of life.

Currently there are hundreds of different taxes.

Lets cancel everyone of these taxes ( except maybe import) and go with the Automatic Electronic Tax

It is very simple - every electronic transaction will be taxed - checks, ATM, credit card ( if you pay greenback cash - no tax) The amount would be less than 1%! In addition there would be no exceptions. That means, churches, non-profits ect would pay. But remember the % is so low it will hardly be noticeable. And keep in mind - this replaces all other taxes!
Think of it, no tax forms to fill out, no need to keep receipts for tax credits.

I am encouraging all politicians to consider it.

How about you?
Bad Idea......
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Old 08-08-2010, 04:32 PM
 
Location: Phoenix,Arizona
2,819 posts, read 2,531,097 times
Reputation: 2031
CUT GOVERNMENT SPENDING

Take a peek here and see the silly things that OUR
money is being spent on

Eric Cantor || Republican Whip || YouCut (http://republicanwhip.house.gov/YouCut/ - broken link)
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