Do You Favor a Flat Tax on Income Over 15K? (legal, ideologies)
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As someone with no hope of buying a house, I'm not seeing much benefit of the Fair Tax.
Why do you say that? Are you planning on doing the minimum effort for your entire life? Can't improve your skills? Can't sacrifice to save money? You have to live somewhere, why not work hard, save hard and own a home?
Why do you say that? Are you planning on doing the minimum effort for your entire life? Can't improve your skills? Can't sacrifice to save money? You have to live somewhere, why not work hard, save hard and own a home?
Ring, I guess it all comes down to greed. Regardless of how it will help the country, if I perceive that it affects me badly, I'm against it.
As someone with no hope of buying a house, I'm not seeing much benefit of the Fair Tax.
and it wont get you anything with the current system, in fact you will get less
unless you are in a high tax area (like long island where your pay 12k in property taxes a year for a postage stamp tiny property), or you bought a 500k home with a high interest rate... the 'duduction' you get when you itemize is LESS than the STANDARD deduction
OK. Make it on ALL INCOME FROM ALL SOURCES (wages, bonuses, inheritance, gambling, everything I didn't list) and set the deduction around 250k. Apply the tax to all individual income and corporate profits and I will go for it. Set the rate at a level that pays current government expenses and pays down the debt in 15 years.
No, I'm a fair tax fan. Tax on consumption, then everyone get's to pay, rich and poor alike. That way, we eliminate the income tax, and take home more of our pay.
I'm beginning to believe this is the way to tackle taxation, that way deductions are a thing of the past, tax cheating is as well.
The question comes, will this work for businesses as well? certainly would be a way to attract business to our shores...or keep it here.
OK. Make it on ALL INCOME FROM ALL SOURCES (wages, bonuses, inheritance, gambling, everything I didn't list) and set the deduction around 250k. Apply the tax to all individual income and corporate profits and I will go for it. Set the rate at a level that pays current government expenses and pays down the debt in 15 years.
uhm
if you want a flat tax on ALL income..then have it for all...NO DUDUCTIONS at all
After reading over most of the responses here ... all I can say is that the education system and media propaganda machine has been a glowing success ... if the goal was to produce the dumbest collective of Americans in the history of the nation.
Consumption Tax - if you want to take an economy that is already on life-support, and crush it like a cockroach ... then a consumption tax is right up your alley.
Fair Tax(high rate national sales tax) - same as a consumption tax that would destroy any economy it was introduced to. Europe's Value Added Tax has literally destroyed several of the economies of the European Union members (among other elements), and would guarantee that people would only buy absolute necessities, foregoing discretionary purchases to avoid this obnoxious abuse of government power.
Flat Tax - an across the board, no-exemption flat tax would create an even greater divide between the rich and the poor, if based on current definitions of income.
What needs to happen is a return to "Constitutional" taxation ... that would require the nullification of the 16th amendment and it's bogus and misleading language.
Income = Profit ... and does not include wages for labor which are not profits, but are indeed an equal exchange of barter between an employer and employee. The market decides what a particular labor service is worth ... and if that cost is $15/hr, an employee is paid $15 for each hour of labor provided. There is no "profit" there ... just an equal exchange ... one hour of labor for an hour of pay. The employee could just as easily be compensated with $15 dollars worth of the product being produced by his labor ... meaning that there was no direct monetary exchange.
The fundamental requirement for liberty and freedom demands the outlawing of slavery. Therefore, taxing a person's labor should be, and is against the laws of this land, as the drafters of the constitution designed the system. Never was it the intent of the constitution to allow such gross abuse of the populace by the federal government. If you don't own your own labor, you are by definition, a slave. I don't care what rate of tax or method of calculation is used ... if in a calendar period, you have to fork over a percentage of your wages, be it 10% or 50% or anywhere in between, during that period, you are in effect being forced to work without compensation, while another entity benefits financially from that labor. THAT IS SLAVERY .... by definition ... in principle ... no other way to spin it. The acceptance of slavery, in any degree, no matter how significant or insignificant sets the precedent for slavery that will only expand in scope.
This nation survived without taxing the wages of the common person for the majority of it's existence ... it was only the illegal Federal Reserve Act of 1913, and the subsequent illegal passing of the 16 Amendment that has led to this wholesale mugging of the American people by the criminal international gangster banksters.
The entire argument presented here is a false argument asking what form of robbery is acceptable. The true answer, is no form of robbery is acceptable, nor is any form of slavery ... be it 10% slavery or 50%.
Prior to WW II, and the entire history of the United States previous to that, all revenues necessary to run the government came in the form of taxes on corporate profit, trade and excise taxes ... not the wages of the common worker. The income tax as defined today was supposed to be a temporary tax to fund the war ... it was a fraud then, just as it is today. And the entire premise of the 16th Amendment was a criminal conspiracy to defraud the American public by allowing the Private Central Bank (Federal Reserve) created in the same year of 1913 to control the nation's monetary system .... charge illegal interest on our own money, and steal those interest payments straight from the pockets of the common American who don't owe these crooks a penny. It has since grown in scope to include the obnoxious creation of un-payable debt to these criminal FED gangsters ... allowing this conversion from a Constitutional Republic, to a corporate-bank owned imperial dictatorship, gallivanting around the globe, using the power of the United States military to consolidate it's global empire, with all profits going to the banks and corporations, and all costs laid in the laps of the deceived public.
And, the American people are equally responsible for allowing this treachery, along with the injustices being committed in our name, by accepting our own slavery to these gangsters. The people have been convinced to support these band of outlaws under the disguise of National patriotism and a false sense of civic duty and fairness.
Collectively, we have become the dumbest people in our history, but our sense of "fair play" has been capitalized on and manipulated and used to convince the masses that it is only "fair" that we all contribute to costs of running our country. But the fact is, the costs of running the country doesn't require the taxing of people's labor ... an the burdens of those costs should come from those that actually reap the greatest benefits ... the corporations and bankers, who at present pay little to nothing at all.
Yet here we are, the collective slaves arguing about the most fair and efficient means to implement our own slavery, with each different person convinced that their version of slavery is the most "fair".
International Commerce, and the profits realized by that activity is the only true income when discussing "income tax". And all of the other profits associated with that capital realized through commerce ... capital gains, investment income, etc., are the only lawful sources of taxable income.
The reality is, these gangsters can create money anytime they want to, in any amount they choose to ... consequently, the only "reason" they need YOUR money is to control and enslave you. And this is the only purpose for taxing a person's wages.
Last edited by GuyNTexas; 04-19-2011 at 10:16 AM..
When businesses can't take deductions, they pass the cost on.
If you want flat tax... NO DEDUCTIONS.
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