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re: I'd be interested to hear everyone's opinions of a national sales tax...
Posted on 1/30/23 at 12:04 am to BlueDogTiger
Posted on 1/30/23 at 12:04 am to BlueDogTiger
You could take away all state and local taxes with all federal taxes and a 30% federal sales tax would still be a massive tax increase for much of the middle class. Plus, at that point you would be killing states rights and endorsing federalization of all taxes. The reality is that states should fund the federal govt, not the other way around. A $300 grocery trip just became a $390 grocery trip.
Taxation is theft and this is a really stupid tax. Raising taxes should not get your support. We should be for lowering taxes and lowering spending. Don't support it blindly because it has an R next to it.
Taxation is theft and this is a really stupid tax. Raising taxes should not get your support. We should be for lowering taxes and lowering spending. Don't support it blindly because it has an R next to it.
3
Posted on 1/30/23 at 12:11 am to Landmass
I kind of feel like a lot of people would be mostly fine with the tax system we have if the rates were the rates without so many/any deductions. Perhaps just a low level standard deduction to offset poverty levels but otherwise simple enough. Basically a flat tax/progressive hybrid that people on both sides can live with.
Of course, just like all these alternatives it won't happen, but seems more attainable than total revamps would be.
Of course, just like all these alternatives it won't happen, but seems more attainable than total revamps would be.
This post was edited on 1/30/23 at 12:13 am
Posted on 1/30/23 at 3:07 am to slaughlin
quote:
as a replacement for the federal income tax.
The Fair Tax? The research on it is widely available. Boortz coauthored a booklet on it. In that incarnation it solves a ton of issues. But I don’t trust the left to leave it alone.
Posted on 1/30/23 at 4:10 am to Rick9Plus
quote:
what about also replacing or reducing property tax? I get that it funds schools and fire departments and all, but it just doesn’t seem right to have to keep paying out the arse year after year for a property you paid off years ago. I think several things should be changed.
I see someone is from Texas or Florida telling us how bad the property tax system is.
Instead of a national sales tax on everything, I am for eliminating income taxes and imposing greater tariffs on imports. The tax would have 2 advantages. It would put US manufacturers in a better position to compete making their goods cost less, so companies would be compelled to locate their factories here. The other advantage is that it would be very easy to collect. 30% on the declared sales value of the goods.
Posted on 1/30/23 at 4:23 am to slaughlin
quote:
Overall a good idea or no?
Not.
You would be appalled at how high that number would have to be.
Posted on 1/30/23 at 4:30 am to Landmass
quote:
I would be all for a 5% sales tax but 30%? Thats fricking insane
It's offset by your take home pay.
Posted on 1/30/23 at 4:35 am to Volvagia
quote:
You would be appalled at how high that number would have to be.
The 'number' is already there but it's not as transparent in the current system.
The revenue would be the same. We aren't talking about raising taxes; we are only changing tax systems.
Posted on 1/30/23 at 4:44 am to TrueTiger
The IRS isn't hiring 87,000 new agents to go to a national sales tax.
It's DOA.
It's DOA.
Posted on 1/30/23 at 4:50 am to El Segundo Guy
quote:
The IRS isn't hiring 87,000 new agents to go to a national sales tax.
Agree. Fedgov wants to keep the most intrusive and inefficient tax system alive.
It's not about revenue. It's about control.
Posted on 1/30/23 at 5:53 am to TrueTiger
Right but most of that revenue is coming from high earners currently. Under this plan you are talking about trading a sub 20% tax rate for one closer to 30%
One of the easiest ways to tell you are being encouraged to take a shitty deal is when it’s argued nothing significant really changes at all.
quote:
We aren't talking about raising taxes; we are only changing tax systems.
One of the easiest ways to tell you are being encouraged to take a shitty deal is when it’s argued nothing significant really changes at all.
This post was edited on 1/30/23 at 5:54 am
Posted on 1/30/23 at 6:52 am to Rick9Plus
quote:
I agree with sales tax being probably the fairest way to go, but what about also replacing or reducing property tax? I get that it funds schools and fire departments and all, but it just doesn’t seem right to have to keep paying out the arse year after year for a property you paid off years ago. I think several things should be changed.
Ehh, I have more of an issue with taxing a humans labor.
Posted on 1/30/23 at 6:54 am to dgnx6
quote:
Ehh, I have more of an issue with taxing a humans labor.
I have a bigger problem paying taxes on my tractors and implements. Every single year for as long as you own them.
Posted on 1/30/23 at 6:55 am to Volvagia
quote:
nothing significant really changes at all.
Working people will have almost no administrative burden, no nightmares about April 15th, and less government intrusion into your business.
That is a huge change.
And the FairTax much more voluntary. If you don't want to pay a lot of taxes, cut down your purchases of new goods.
Posted on 1/30/23 at 6:57 am to Landmass
quote:
The reality is that states should fund the federal govt, not the other way around. A $300 grocery trip just became a $390 grocery trip.
This is dumb, you wouldn’t increase tax on food and medication.
Plus you are taking home more of your paycheck and bonuses throughout the year.
Posted on 1/30/23 at 6:57 am to slaughlin
We already pay state sales taxes which are high enough. The answer is for our government to live within it's means.
Posted on 1/30/23 at 6:58 am to slaughlin
Good and bad.
Probably better than our existing system.
Puts the burden on businesses to make sure they pay the tax.
Wealthy people will make less investments as they invests for tax breaks.
At the end of the day everyone who buys something will be paying the tax.
The politicians who hate Trump are mad he using the tax system to his advantage. I bet they are doing the same thing it is just the media does not talk about it.
That would cover illegals or some say undocumented workers.
Probably end up being a better system than we have presently.
Probably better than our existing system.
Puts the burden on businesses to make sure they pay the tax.
Wealthy people will make less investments as they invests for tax breaks.
At the end of the day everyone who buys something will be paying the tax.
The politicians who hate Trump are mad he using the tax system to his advantage. I bet they are doing the same thing it is just the media does not talk about it.
That would cover illegals or some say undocumented workers.
Probably end up being a better system than we have presently.
Posted on 1/30/23 at 6:58 am to El Segundo Guy
quote:
have a bigger problem paying taxes on my tractors and implements. Every single year for as long as you own them.
Every business pays taxes on things like this.
Sorry, taxing a human is different than taxing a machine. Poor you.
Posted on 1/30/23 at 6:59 am to dgnx6
I'm not a fricking business.
Posted on 1/30/23 at 7:08 am to slaughlin
I have always favored it.
Since it would be politically near impossible to pull off I support an alternative—use a sales tax instead of a payroll tax to fund SS as i have outline in IB’s SS reform plan before.
1) no cuts to SS benefits
2) replace the payroll tax with a sales tax AND a mandated savings deduction—I propose 10% mandatory saving with five coming from employee and five from the employer
3) pay SS benefits only after the savings in number two have been depleted at the same rate as SS benefits would be
Advantages of the plan
1) employees own their savings and they will become a part of their estate if they die before spending it all—a huge tool to end generational poverty
2) in a few years the amount of SS being paid would be very small compared to today so the sales tax would be much lower——a fifty year making $100k would have without interest $150k at age 65 so if if his SS benefit would be $3000 a month he would have over 4 years of savings to spend before going into SS—-40 year olds and 30 year olds would likely never spend their savings and would never use SS
Since it would be politically near impossible to pull off I support an alternative—use a sales tax instead of a payroll tax to fund SS as i have outline in IB’s SS reform plan before.
1) no cuts to SS benefits
2) replace the payroll tax with a sales tax AND a mandated savings deduction—I propose 10% mandatory saving with five coming from employee and five from the employer
3) pay SS benefits only after the savings in number two have been depleted at the same rate as SS benefits would be
Advantages of the plan
1) employees own their savings and they will become a part of their estate if they die before spending it all—a huge tool to end generational poverty
2) in a few years the amount of SS being paid would be very small compared to today so the sales tax would be much lower——a fifty year making $100k would have without interest $150k at age 65 so if if his SS benefit would be $3000 a month he would have over 4 years of savings to spend before going into SS—-40 year olds and 30 year olds would likely never spend their savings and would never use SS
Posted on 1/30/23 at 7:14 am to slaughlin
I think it’s a good idea, but 30% is kinda steep though I’d be more in favor of a 22-25%. This would ensure everyone pays their fair share.
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