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A flat tax? What is a "flat tax", and what is it imposed on? Define what it is imposed on. Is it imposed upon the property which working people earn when selling the property each has in their own labor? Is it a direct tax requiring an apportionment among the states?
Thanks, so it wasn't just McCain but a significant number of Moderate Republicans who weren't onboard with the far rights position.
As I recall, Collins and Murkowski were expect to vote against it all along. McCain was the swing vote, it wasn't a sure thing which way he was going to go.
If you buy a million dollar yacht, the tax on it would be $100,000 @ 10% .
Do you want everyone to "pay their fair share" or not?
Or is your idea of "fair share" when you tax some people more than others and other people not at all?
I'm trying to figure that one out too. Aren't the rich the ones buying yachts, multiple homes, exotic cars, and other luxury items ? The more one spends the more they are taxed.
I'm not saying I'm all for this, but just trying to figure out how it benefits only the wealthy.
"As a former small business owner, I understand the unnecessary burden our failing income tax system has on Americans. The Fair Tax Act eliminates the tax code, replaces the income tax with a sales tax, and abolishes the abusive Internal Revenue Service. If enacted, this will invigorate the American taxpayer and help more Americans achieve the American Dream," Rep. Jeff Duncan, R-S.C., said."
First of all, and with regard to the selling point that the Fair Tax “… abolishes the abusive Internal Revenue Service …”, in its place Duncan’s proposal creates two new tax collecting agencies, an “Excise Tax Bureau” and the “Sales Tax Bureau", in addition to keeping the Bureau of Alcohol, Tobacco and Firearms alive which will also be collecting taxes.
Also, the alleged “Fair Tax”, if adopted, does not abolish federal taxes calculated from various types of “incomes” as suggested. Congress will still maintain the power to lay and collect “excise taxes” calculated from profits and gains, such as the Corporate Excise tax of 1909. So, right from the beginning, Rep. Duncan is suggesting something that is not true. The same IRS abuses now suffered under income taxation will continue under the fraudulent and deceptive Fair Tax, carried out under its “Excise Tax Bureau”.
And if you think businesses and individuals subject to the Fair Tax are free from filling out annual tax returns, the shocking truth is, they will have to start filling out and filing Fair Tax returns, under the penalty of perjury, every month ___ that’s twelve frickin times a year! Additionally, even ordinary working people, who sell the property each has in their own labor, and work odd jobs, such as baby sitting, handyman jobs etc., to meet today’s high cost of living, not only will they have to file Fair Tax returns twelve times a year, but will have to register with the federal government to exercise their inalienable right to sell their labor.
If the above is not enough to make one recoil from the notoriously evil and deceptive Fair Tax proposal, the Fair Tax would also create another entitlement called the “family consumption allowance”, which is a monthly government check sent to every household in America which allows the purchase of a rationed supply of tax-free necessities of life, and puts our entire population on the public dole!
If Rep. Duncan has one ounce of honesty in him, he would reject the alleged Fait Tax and promote the Fair Share Balance Budget Amendment which actually would abolish all federal taxes calculated from lawfully earned profits, gains, wages, etc. and end the miseries suffered under the evil tax on incomes.
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I will add a few more to your list...
Who will pay to update all the point of sale terminals (cash registers) to calculate this new US sales tax, on top of any state and local tax?
Who will pay for updates to every business's accounting software to accommodate the collection of a new sales tax and remittance to the government?
Who in the government will receive sales tax payments from all the businesses that are collecting it? If there is no IRS to receive the money?
How will poor people pay for food and other necessities when they barely have enough money to pay now? Do they get an exemption? Carry a card? Who decides which citizens don't have to pay sales tax if there is no IRS?
it is a net expansion of the headcount. do you not think that means more audits?
The treasury gets plenty of money automatically.
Not all of them are auditors. Actually, only about 13 percent of the total staff are “agents.” There is a whole host of support staff--customer service reps, office personnel-- that have been stretched to the limit due to short staffing.
Quote:
"What most people do not understand is that this 87,000 has to be spread across hundreds of IRS departments, meaning 87,000 is a small number for a federal agency that has been severely understaffed for years."
When you combine the chronic understaffing to the number of staff expected to be leaving the agency, the 87,000 is not all that significant in the larger picture.
And this is to happen over a ten year period, so that makes it even less of the big bad boogeyman the GOP is trying to make it.
They might be able to tinker at the edges of the tax code as a matter of horse trading, but a fundamental restructuring of the tax system will never pass.
And not because of some ideological hogwash, but because negotiating the loopholes of the tax code is Big Business that has little or nothing to do with these relatively puny political “parties”.
Periodic talk, talk, talk of major restructuring of the tax system plays a minor role on the stage of political theater and we have seen this part of the play many, many times before.
I'm all for the Fair Tax. Everyone pay into the system from which everyone benefits. Whether here illegally, working, "under the table", selling drugs, prostitutes, whoever, everyone buys stuff and will be paying into the system. The common man buys a pair of jean at Walmart for $25; pay 23% tax. Joe Hollywood buys a pair of Gucci jeans for $3,100; pay 23% tax. The more expensive your taste, the more you pay. Doesn't get any more fair than that.
I'm trying to figure that one out too. Aren't the rich the ones buying yachts, multiple homes, exotic cars, and other luxury items ? The more one spends the more they are taxed.
Yep! This is why I am morally opposed to income and property taxes. I can choose whether, or not, to buy something. But, I need an income. And, I need a place to live. Why should I be punished for working and living?
Wealthier people purchase more stuff, therefore, they would pay more taxes.
Poorer people purchase less stuff, therefore, they would pay less taxes.
But, at least everyone would be paying something, unlike our current system, where only forty-ish percent pay a federal income tax. Everyone should share the burden, that we have created, by voting for nincompoops for the last fifty+ years. This is tax equality!
Quote:
Originally Posted by scarabchuck
I'm not saying I'm all for this, but just trying to figure out how it benefits only the wealthy.
According to Democrats, any tax plan, put forth by Republicans, naturally benefits the wealthy.
Last edited by FordBronco1967; 01-10-2023 at 11:36 AM..
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