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Just think, instead of income based tax every year, you as an individual, were taxed based upon your net wealth. An inventory of your assets, determining your payment to society.
The wealthy you are, the more you pay, base upon a set rate for everyone.
5% - 10% - 20% - 50% - 75% - 100% as long as everyone has the same rate not some curve.
Hiding assets would become a big game.
The you didn't build it theory at play.
Personally, if we are going to be taxed, it should be a consumption tax, not income or wealth based.
Just think, instead of income based tax every year, you as an individual, were taxed based upon your net wealth. An inventory of your assets, determining your payment to society.
The wealthy you are, the more you pay, base upon a set rate for everyone.
5% - 10% - 20% - 50% - 75% - 100% as long as everyone has the same rate not some curve.
Hiding assets would become a big game.
The you didn't build it theory at play.
Personally, if we are going to be taxed, it should be a consumption tax, not income or wealth based.
An asset tax is as unconstitutional as the income tax. Any tax imposed by government needs to first and foremost be constitutional.
To anyone who understands the principals the constitution is founded on understands, the only kind of taxes that are compatible with the principals of personal rights and liberty are taxes based on commerce as it was in the beginning of this country.
It is constitutional for the government to tax any for profit transaction done within its jurisdiction because government has been given jurisdiction over trade.
Government was never given ownership of the peoples assets nor their persons as would logically be required to justify either and income tax or a tax on their assets.
Taxation should be per person 20 and over. Same amount for all - maybe a poverty amount for those under a certain income.
Force Congress to pass a budget, then divide the budget by the amount of people 20 and over according to the census. That's your tax. Taxes are not collected unless a budget is in place.
That's it. Encourages growth of population to keep taxes lower. Encourages all to be engaged in how the money is spent by government. Removes all behavioral codes from taxation. Leaves charity to private organizations. People handle their own savings and health care.
Let people have whatever assets they want - as long those assets are gained legally.
Taxation should be per person 20 and over. Same amount for all - maybe a poverty amount for those under a certain income.
Force Congress to pass a budget, then divide the budget by the amount of people 20 and over according to the census. That's your tax. Taxes are not collected unless a budget is in place.
That's it. Encourages growth of population to keep taxes lower. Encourages all to be engaged in how the money is spent by government. Removes all behavioral codes from taxation. Leaves charity to private organizations. People handle their own savings and health care.
Let people have whatever assets they want - as long those assets are gained legally.
I am going to guess that amount would be $10,000. So, every working person over 20 should pay $10,000 in taxes? Do you see any problem with that?
An alternative, and generally favored by the flat tax people is the same percentage regardless of income. I would favor that, no deductions, not even a standard deduction, just a flat percentage. Every working person would have skin in the game. As it is, 1/2 the voters are voting what to do with other people's money.
In American law, governments instituted to secure endowed rights cannot tax rights - unless by consent.
However, they can tax privileges.
You might inquire into which revenue taxable privileges are subject to taxation, before changing the system.
Just think, instead of income based tax every year, you as an individual, were taxed based upon your net wealth. An inventory of your assets, determining your payment to society.
The wealthy you are, the more you pay, base upon a set rate for everyone.
5% - 10% - 20% - 50% - 75% - 100% as long as everyone has the same rate not some curve.
Hiding assets would become a big game.
The you didn't build it theory at play.
Personally, if we are going to be taxed, it should be a consumption tax, not income or wealth based.
The inconvenient truth is that a consumption tax is quite regressive, especially the national sales tax proposals that are currently proposed.
Personally, if we are going to be taxed, it should be a consumption tax, not income or wealth based.
....you just want to be able to hoard more money.
Income taxes exist because sales taxes are regressive. The rich are never going to consume the same proportion of their income on necessities as the poor.
An asset tax is as unconstitutional as the income tax. Any tax imposed by government needs to first and foremost be constitutional.
To anyone who understands the principals the constitution is founded on understands, the only kind of taxes that are compatible with the principals of personal rights and liberty are taxes based on commerce as it was in the beginning of this country.
It is constitutional for the government to tax any for profit transaction done within its jurisdiction because government has been given jurisdiction over trade.
Government was never given ownership of the peoples assets nor their persons as would logically be required to justify either and income tax or a tax on their assets.
Hey genius, income tax is constitutional. Maybe you should try reading the entire document instead of just stopping at the second amendment
Income taxes exist because sales taxes are regressive. The rich are never going to consume the same proportion of their income on necessities as the poor.
You are wrong.
Income taxes exist because those in power are merely greedy to control your actions by any means possible. And, their wish to control is based upon their ability to steer you into benefiting their political aspirations.
There is one, and only one, reason to tax income, and that is to further the moral corruption of politics.
Income taxes exist because those in power are merely greedy to control your actions by any means possible. And, their wish to control is based upon their ability to steer you into benefiting their political aspirations.
There is one, and only one, reason to tax income, and that is to further the moral corruption of politics.
I disagree with you, but I doubt anything I say will change that opinion of yours.
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