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Message
If America were to implement a flat income tax what would it need to be?
Posted on 2/12/19 at 4:43 pm
Posted on 2/12/19 at 4:43 pm
In order to maintain current revenue for the government?
I think everyone needs to pay the same rate. It is absurd that 50% of the population doesnt pay $1 in taxes, yet there are politicians saying the rest of us need to pay our fair share. I think we would be better off if everyone has skin in the game
I think everyone needs to pay the same rate. It is absurd that 50% of the population doesnt pay $1 in taxes, yet there are politicians saying the rest of us need to pay our fair share. I think we would be better off if everyone has skin in the game
19
Posted on 2/12/19 at 4:43 pm to 3morereps
0%
My post is 100% approved by all of the members of the 1st and Second Continental Congress!
My post is 100% approved by all of the members of the 1st and Second Continental Congress!
This post was edited on 2/12/19 at 4:45 pm
Posted on 2/12/19 at 4:44 pm to 3morereps
Fair tax is the answer to this question
Posted on 2/12/19 at 4:45 pm to Loserman
I’ve looked at this before, and seen 23% and 17% come up the most. Heck, compromise at 20, and I’d be OK with it
Posted on 2/12/19 at 4:45 pm to 3morereps
the way democrats spend money it has to be 90% and thats still not enough
a "fair" flat tax would be 10%, anything more then that is burdensome and punitive
a "fair" flat tax would be 10%, anything more then that is burdensome and punitive
Posted on 2/12/19 at 4:47 pm to Upperdecker
quote:
Upperdeck
Tru Dat. Neel Bortz.
Posted on 2/12/19 at 4:47 pm to CamdenTiger
quote:
I’ve looked at this before, and seen 23% and 17% come up the most. Heck, compromise at 20, and I’d be OK with it
How much would prices come down if the taxes were removed from the cost of the production and delivery of the end product?
Posted on 2/12/19 at 4:49 pm to CamdenTiger
quote:
I’ve looked at this before, and seen 23% and 17% come up the most. Heck, compromise at 20, and I’d be OK with it
I think current tax revenue is 17% of GDP so I assume that's where it comes from
Posted on 2/12/19 at 4:50 pm to 3morereps
The real answer that solves all tax issues is...
A national sales tax with the only exemption being food.
A 25% value added tax on goods produced outside the country.
The VAT would be applied to the % of the good that wasn't produced in the US.
Cut government to live within the means of those taxes.
A national sales tax with the only exemption being food.
A 25% value added tax on goods produced outside the country.
The VAT would be applied to the % of the good that wasn't produced in the US.
Cut government to live within the means of those taxes.
Posted on 2/12/19 at 4:52 pm to 3morereps
First decide what the f$&k “income” means.
That’s why I don’t believe in income taxes and prefer sales taxes. However, governments don’t like sales taxes because rethrns fluxuate drastically from year to year making long term planning extremely difficult.
That’s why I don’t believe in income taxes and prefer sales taxes. However, governments don’t like sales taxes because rethrns fluxuate drastically from year to year making long term planning extremely difficult.
Posted on 2/12/19 at 4:53 pm to novabill
quote:
How much would prices come down if the taxes were removed from the cost of the production and delivery of the end product?
I bet a ton, there is a lot of red tape that goes into the final product.
Posted on 2/12/19 at 4:53 pm to 3morereps
quote:
In order to maintain current revenue for the government?
Don't care. Current revenue is too high.
Cut the waste, redo the budget, then tax as close to zero as we can get to meet that budget and not a penny more.
Posted on 2/12/19 at 5:03 pm to 3morereps
Zero. No income tax on people or company profit.
value added on goods.
.1 Per cent of all computerized market sales like NYSE and commodities exchange.
(Besides income, Perhaps this would cut into computer programs driving markets into the ground).
Fuel tax similar to current
50% of estates over 3 million.
1% of real estate sales that are flipping ie refunded only if you live in it for 2 years+.
Whatever is legal re imports.
value added on goods.
.1 Per cent of all computerized market sales like NYSE and commodities exchange.
(Besides income, Perhaps this would cut into computer programs driving markets into the ground).
Fuel tax similar to current
50% of estates over 3 million.
1% of real estate sales that are flipping ie refunded only if you live in it for 2 years+.
Whatever is legal re imports.
This post was edited on 2/12/19 at 5:06 pm
Posted on 2/12/19 at 5:03 pm to 3morereps
Fair tax is really the only way to do taxes. Income tax is evil. This would require cutting the size and scope of government below its current level beyond what we could dream of though.
Posted on 2/12/19 at 5:03 pm to 3morereps
Same rate on what? In other words, what is income? Is rent different from a dividend? Is a long term gain different than a short term gain? Is passive income different than active income? If a manufacturer has a large capital investment, are they still allowed to take depreciation?
When flat taxers start talking about taxing gross income, or even net income in some instances, a rate of 23% is astronomical. Because no one ever wants to define how we get to taxable income, as opposed to income.
Mostly flat taxers talk about taxing income. That's pretty scary. Folks that's a tax increase except in rare instances. Because they keep saying income. Not net income. Not taxable income. Not adjusted gross income. Not modified adjusted gross income. They keep saying tax income.
When flat taxers start talking about taxing gross income, or even net income in some instances, a rate of 23% is astronomical. Because no one ever wants to define how we get to taxable income, as opposed to income.
Mostly flat taxers talk about taxing income. That's pretty scary. Folks that's a tax increase except in rare instances. Because they keep saying income. Not net income. Not taxable income. Not adjusted gross income. Not modified adjusted gross income. They keep saying tax income.
This post was edited on 2/12/19 at 5:05 pm
Posted on 2/12/19 at 5:04 pm to CelticDog
quote:
50% of estates over 3 million.
Posted on 2/12/19 at 5:04 pm to Loserman
quote:
0%
My post is 100% approved by all of the members of the 1st and Second Continental Congress!
Alexander Hamilton says your number is too low...
He didn’t go for income, but he was big on taxation to fund the government.
This post was edited on 2/12/19 at 5:07 pm
Posted on 2/12/19 at 5:06 pm to 3morereps
My druthers would be a National
Sales tax and a constitutional Elimination of Federal income tax.
Nobody should be able to vote their tax burden to somebody else.
When rates get raised - it needs to affect everyone.
I’m fine if sales taxes were applicable to securities. Then we don’t have the Warren Buffet pays a lower rate than his secretary.
Sales tax and a constitutional Elimination of Federal income tax.
Nobody should be able to vote their tax burden to somebody else.
When rates get raised - it needs to affect everyone.
I’m fine if sales taxes were applicable to securities. Then we don’t have the Warren Buffet pays a lower rate than his secretary.
This post was edited on 2/12/19 at 5:09 pm
Posted on 2/12/19 at 5:07 pm to 3morereps
I'll be shopping frequently at military installations/websites since a lot of their stuff is tax free.
Posted on 2/12/19 at 5:07 pm to Iowa Golfer
quote:
Because no one ever wants to define how we get to taxable income, as opposed to income.
not my ox.
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