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It would be awesome if Warren and Sanders will give away all their personal belongings including their $$ and crisscross the country in monk attire and preach what they believe like the monks in Thailand.
Because lower earners don't have much money, you don't get blood from a stone
And spending is taxed, it's called sales tax, maybe you've heard of it
uhm...we do NOT have a federal sales tax...that is what I am talking about.....
and as far as a flat tax... set it at 10% (just as an example)
guy making 15000 a year pays 1500 ( which is the same as he/she does now)
guy making 15,000,000 pays 1,500,000
its fair, and not discriminatory … everyone pays at the same rate
now back to the national sales tax... eliminate the income tax, the corporate tax, the estate tax, and the payroll taxes, and EVERYONE pays the national sales tax.... and everyone gets the prebate to cover the poverty line www.fairtax.org
The wealthiest three people in the country control more wealth than the bottom 50% of the population. A higher tax on the ultra wealthy is an extremely reasonable suggestion.
Not when they have the option to renounce their citizenship, and purchase an investment visa to live in any country on earth.
Source or link? or is this as made up as the rest of what you speak of?
Clearly you are not paying attention. People and politicians have been bitching about Trump lowering the corporate tax rate since 2017. They plan to increase it under the Biden administration
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by workingclasshero
uhm...we do NOT have a federal sales tax...that is what I am talking about.....
and as far as a flat tax... set it at 10% (just as an example)
guy making 15000 a year pays 1500 ( which is the same as he/she does now)
guy making 15,000,000 pays 1,500,000
its fair, and not discriminatory … everyone pays at the same rate
now back to the national sales tax... eliminate the income tax, the corporate tax, the estate tax, and the payroll taxes, and EVERYONE pays the national sales tax.... and everyone gets the prebate to cover the poverty line www.fairtax.org
That would only be good for the wealthy, and horrible for everyone else
Wealthy people will find a way to pay the least amount of tax possible. They will even resort to paying someone $X if in the end they end up a tax savings of $3X.
Then your beef should be with the IRS who creates tax laws.
Jeff Bezos doesn’t decide how much he gets to pay in taxes.
uhm...we do NOT have a federal sales tax...that is what I am talking about.....
and as far as a flat tax... set it at 10% (just as an example)
guy making 15000 a year pays 1500 ( which is the same as he/she does now)
guy making 15,000,000 pays 1,500,000
its fair, and not discriminatory … everyone pays at the same rate
now back to the national sales tax... eliminate the income tax, the corporate tax, the estate tax, and the payroll taxes, and EVERYONE pays the national sales tax.... and everyone gets the prebate to cover the poverty line www.fairtax.org
Why should one person be forced to pay more than others?
Not when they have the option to renounce their citizenship, and purchase an investment visa to live in any country on earth.
You think rich people have no options?
Warren again one step ahead of you...
A 40% "exit tax" on the net worth above $50 million of any U.S. citizen who renounces their citizenship in order to escape paying their fair share in taxes
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