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re: Flat tax
Posted on 3/4/24 at 8:32 am to jclem11
Posted on 3/4/24 at 8:32 am to jclem11
quote:
How do you not get that take 15% of a $40K income makes it much harder to survive and get by than take 15% of $150K income?
$40k income makes it much harder to survive than $150k income, mensa.
You can advocate for half the country to pay no income taxes, that's fine. Stupid, with predictable outcomes, but that's ok if that's what you want. What you can't do is expect people to buy a bullshite definition of a regressive tax.
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Posted on 3/4/24 at 8:59 am to bamacoullion
Agree, but it will never happen...effectively, it would give The People much more control over how much we pay in taxes, and Congress would NEVER give up that much power.
Posted on 3/4/24 at 10:11 am to VoxDawg
quote:
For starters - My post history on the FairTax/NRST is extensive, and everything I share that is not quoted and sourced is my own work. I have researched this plan extensively since I learned about it in 2000 from Neal Boortz. I don't need to lift notes from FairTax.org or any other site. I can hold my own in the discussion.
That you are conflating a flat tax with a National Retail Sales Tax proves that while one of us absolutely needs to look further into the matter, it is not me, and this will be my only reply in a battle of wits against an unarmed opponent.
Saying stuff like corporations collect taxes and don't pay them is straight from the flat tax talking points. Businesses charge what the market will bear regardless of the tax rates. If you think they don't care about taxes, why are most US based fortune 500 companies shell companies, while they're actually based in countries like Ireland? Because they pay lower income taxes.
That's the problem with trying to have a reasonable conversation with flat taxers. It's their way or the highway. There's not room for anything else. You're too smart to act like that.
Posted on 3/4/24 at 10:51 am to Lake08
quote:
Yea or nay? Put me down for a huge yea!
The only way to do it in which it wouldn't become every bit the political football it is now would be to do it as an Amendment where the percentage is locked and cannot be changed without another Amendment.
For example: "Any total, personal annual income over $n for individuals and families, or $n2 for businesses, shall be taxed at x% with no exceptions ever allowed". You could even tie n to the official poverty level (and then let Congress fight about increasing/decreasing what is considered the poverty level).
Doing it via Amendment should also be considered mandatory if we ever move from an Income tax to a national sales tax.
The idea here is that Congress needs some serious limits on spending. By definition, either of these proposals would likely mean the end of (all or most of) Social Security, Medicare/caid, SSI, Section 8, national parks & historic sites, a massive cut to the military (and the MIC, which is why it would never pass, but that's another thread), etc.
The only way anything like this happens would be through a Convention of the States, because Congress is absolutely not going to voluntarily give up the power that spending so much money brings.
Posted on 3/4/24 at 11:13 am to jclem11
quote:
A 15% flat tax hurts a $40K household income budget more than a $200K household.
so? the 40k pays 6k in taxes while the 200k pays 30k in taxes. Give me one reason the government should take a higher percentage of someone making more...why punish them?
Posted on 3/4/24 at 5:25 pm to Topwater Trout
Income tax is unconstitutional.
Posted on 3/4/24 at 7:08 pm to jclem11
quote:”hurts” is an emotion. If you’re suggesting that the $40k household is less willing to part with their money—that would mean they are greedier than “the rich”.
A 15% flat tax hurts a $40K household income budget more than a $200K household.
$1=$1 it doesn't matter who it comes from. I’ve never been asked at the checkout stand “what’s your income” so the prices can be set accordingly.
Posted on 3/4/24 at 7:14 pm to Lake08
I like the idea of a hybrid flat/consumption tax. It would never work because people are stupid.
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