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Old 04-17-2009, 04:08 PM
 
943 posts, read 2,894,019 times
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I have been reading that every year less and less Americans work in traditional jobs with a regular shift and weekly paycheck with taxes taken out. Instead more people are making a living through the informal underground economy (while still working a regular shift), self employment for cash, and through Internet sales. Eventually as more and more of these people can hide their income, our tax situation will continue to suffer.

A National Sales Tax might be a solution, but I do not expect that soon. What should we do?
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Old 04-17-2009, 04:39 PM
 
Location: Castle Hills
1,133 posts, read 2,420,253 times
Reputation: 611
Quote:
Originally Posted by Weekend Traveler View Post
I have been reading that every year less and less Americans work in traditional jobs with a regular shift and weekly paycheck with taxes taken out. Instead more people are making a living through the informal underground economy (while still working a regular shift), self employment for cash, and through Internet sales. Eventually as more and more of these people can hide their income, our tax situation will continue to suffer.

A National Sales Tax might be a solution, but I do not expect that soon. What should we do?
It's not as bad as you think it is out there. Plenty of people doing fine.
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Old 04-17-2009, 04:58 PM
 
Location: North Beach, MD on the Chesapeake
36,496 posts, read 47,059,302 times
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That's always happened. I tutored a kid years ago whose dad owned a grocery store. Tutoring in exchange for groceries. You're a plumber, I'm a carpenter-you install a shower for me, I put in your kitchen cabinets, etc., etc., etc.
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Old 04-17-2009, 06:18 PM
 
Location: Heartland Florida
9,324 posts, read 24,702,036 times
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The government can just take on more debt. If lower tax revenue shrank government we would not be in the mess we are in.
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Old 04-17-2009, 10:32 PM
 
Location: Rockland County New York
2,984 posts, read 5,426,910 times
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How can we fund our government? Simply we can't. Why didn't people think about his years ago?
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Old 04-17-2009, 10:33 PM
 
Location: Rockland County New York
2,984 posts, read 5,426,910 times
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Quote:
Originally Posted by tallrick View Post
The government can just take on more debt. If lower tax revenue shrank government we would not be in the mess we are in.
Yes take on more debt to which it does not have the ability to pay it back.
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Old 04-18-2009, 12:30 AM
 
1,020 posts, read 2,338,914 times
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Hey, I just found this answering machine tape:

"Hey China, it's me, Sam. Listen, I know I still owe you money, but I REALLY need some more. **** has hit the fan and times aren't good. So, do you think you could cut me a check? I can sell you some paper and cut you a deal in buying stuff later. Just call me back..."

If we're gonna borrow, we should borrow from the Fed. At least they're not a foreign country that can overtake our political interests by threatening to dump our treasuries.
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Old 04-18-2009, 12:40 AM
 
Location: southern california
61,306 posts, read 79,443,474 times
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by handing out traffic tickets as fast you can write them to anybody on the freeway that looks like they got money.
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Old 04-18-2009, 01:33 AM
 
Location: Chino, CA
1,458 posts, read 3,056,149 times
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Quote:
Originally Posted by runningncircles1 View Post
Hey, I just found this answering machine tape:

"Hey China, it's me, Sam. Listen, I know I still owe you money, but I REALLY need some more. **** has hit the fan and times aren't good. So, do you think you could cut me a check? I can sell you some paper and cut you a deal in buying stuff later. Just call me back..."

If we're gonna borrow, we should borrow from the Fed. At least they're not a foreign country that can overtake our political interests by threatening to dump our treasuries.
It's pretty sad that everybody and their dog... and pretty much any American knows that we owe China and the middle east a ton of money and that they are our creditors.

But, as the powers to be, and as Americans... we do nothing about it and continue to be oblivious to our shopping habits and allow our politicians to continue with their corporate benefit policies and practices.

Isn't it common knowledge by now who really "owns" us? And that if we do nothing we'll continue to face a shrinking standard of living, and a race towards the bottom? Why do our leaders continue to feed this stupid sucking loop that is killing US?

-chuck22b
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Old 04-18-2009, 09:50 AM
 
Location: Forests of Maine
32,473 posts, read 52,825,340 times
Reputation: 22266
Quote:
Originally Posted by Weekend Traveler View Post
... Eventually as more and more of these people can hide their income, our tax situation will continue to suffer. ...
How so?

Keep in mind first; that 60 years ago only the uber-wealthy paid income taxes in America. The poor, the farmers and blue-collar tradesmen did not.

Today Federal Revenue from individual income taxes accounts for a minority of Federal Revenue.

IMHO, your premise is flawed, as I think you are assuming that individual income taxes account for a majority of our nation's revenue.

I mean no insult, in saying that your premise is flawed, I am only trying to understand.

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