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Tim 
LSU Fan
Texas
Member since Jan 2005
5333 posts
 Online
| We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:29 pm)
straight 15% across the board, regardless of income. Of course, neither side will ever go for this because they wouldn't be able to put all of us against each other. Both sides would lose the ability to manipulate and "buy" votes with their "taxation" and "fair share" argument...
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southernelite 
McNeese State Fan
Lake Charles
Member since Sep 2009
33060 posts
Online
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:30 pm to Tim)
That's a proportional tax, different from a flat tax.
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HailHailtoMichigan! 
Michigan Fan
Mission Viejo, CA
Member since Mar 2012
5176 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:31 pm to Tim)
It's still unfair because rich people will still pay more.
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Jahel
Member since Nov 2011
5576 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:31 pm to Tim)
quote:
straight 15% across the board
you need 24.6% across the board to have no debt
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southernelite
McNeese State Fan
Lake Charles
Member since Sep 2009
33060 posts
Online
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:32 pm to Jahel)
You mean deficit?
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Jahel
Member since Nov 2011
5576 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:33 pm to southernelite)
quote:
You mean deficit?
yeah
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Tim
LSU Fan
Texas
Member since Jan 2005
5333 posts
Online
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:33 pm to Jahel)
quote:
you need 24.6% across the board to have no debt
eliminate spending down to the supporting level of taxation...
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NC_Tigah
LSU Fan
Member since Sep 2003
40189 posts
Online
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:34 pm to Jahel)
quote:
you need 24.6% across the board to have no debt
Yep.
Spending has to be cut back 5pts to 19.6% as it was during Clinton/Bush.
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Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
20654 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:42 pm to Tim)
quote:
We could eliminate all this "Fair Share" talk with a Flat Tax
because I guess that's what you think is fair?
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HailHailtoMichigan!
Michigan Fan
Mission Viejo, CA
Member since Mar 2012
5176 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:45 pm to Tigah in the ATL)
quote:
because I guess that's what you think is fair?
Well, it's the fairest system possible. Unless, of course, you think it's unfair that some have more than others.
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wickowick
LSU Fan
Head of Island
Member since Dec 2006
12870 posts
Online
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:46 pm to NC_Tigah)
Fair Tax LINK
quote:
The FairTax is a national sales tax that treats every person equally and allows American businesses to thrive, while generating the same tax revenue as the current three-million-word-plus word tax code. Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate. The FairTax rate after necessities is 23% and equal to the lowest current income tax bracket (15%) combined with employee payroll taxes (7.65%), both of which will be eliminated.
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Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
20654 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 9:53 pm to HailHailtoMichigan!)
quote:
Well, it's the fairest system possible.
and there again is the conservative obsession with fairness.
I really do think it's the only thing left to complain about for some people.
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Libertariantiger
LSU Fan
Member since Nov 2012
122 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 10:30 pm to Tigah in the ATL)
Pit peopel against each other while they take money for lobbying and from lobbist to spend on blow and hookers.
Your principle is good, Fair Tax is where it is at. Started the tea party movement on tax day before it was snatched by the right wingers and turned to a religious zealot movement.
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waiting4saturday
LSU Fan
Baton Rouge
Member since Sep 2005
2513 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 10:33 pm to Tim)
Federal sales tax instead of income FTW
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kingbob
LSU Fan
St. Amant, LA
Member since Nov 2010
9009 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 10:40 pm to waiting4saturday)
I second the FAIR Tax
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southernelite
McNeese State Fan
Lake Charles
Member since Sep 2009
33060 posts
Online
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/13/12 at 11:07 pm to kingbob)
What happens to the money people save, they get to hoard it tax free?
You also assume consumers spend rationally, which they do not. A large part of economics is consumer psychology, people won't spend as much because they perceive goods to be higher, despite the fact they would seemingly have more discretionary income.
I can see it going one of two ways, I don't think it's worth the risk to find out. I'd prefer a proportional income tax, rather.
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GoldenSombrero 
Arkansas Fan
Member since Sep 2010
568 posts
| re: We could eliminate all this "Fair Share" talk with a Flat Tax... (Posted on 11/14/12 at 12:51 am to southernelite)
quote:
You also assume consumers spend rationally, which they do not. A large part of economics is consumer psychology, people won't spend as much because they perceive goods to be higher, despite the fact they would seemingly have more discretionary income.
Actually they'd spend more as they would have more take home pay. We aren't a nation full of people who are prudent with their money. A large portion of people will spend what the make, period.
I'd support the Fair Tax 100%
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