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re: Income Tax vs Flat/Sales Tax. Which is Better?
Posted on 1/21/23 at 1:29 pm to OU Guy
Posted on 1/21/23 at 1:29 pm to OU Guy
I’m all for a flat tax. Doing away with the IRS alone has to be savings in the hundreds of millions just in administrative expenses. I don’t think the wealthy would lol really pay a lot more than the did previously, but what will change is that all of the people who pay nothing or even profit through the tax code will be a thing of the past.
Sales tax can be manipulated too easily. Flat tax means everyone, regardless of income, is on the hook for the money the government spends. No better way to have thee vast majority wanting the government to be smaller, less powerful, and more efficient.
Sales tax can be manipulated too easily. Flat tax means everyone, regardless of income, is on the hook for the money the government spends. No better way to have thee vast majority wanting the government to be smaller, less powerful, and more efficient.
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Posted on 1/21/23 at 1:33 pm to RogerTheShrubber
Consumption tax.
And then the accountant business sinks. I am sure they have a strong lobby that no-one really thinks about. CT is the fairest way, but we need to pay for Ukraine, ya know?
And then the accountant business sinks. I am sure they have a strong lobby that no-one really thinks about. CT is the fairest way, but we need to pay for Ukraine, ya know?
Posted on 1/21/23 at 1:57 pm to OU Guy
Flat Tax is MORE equitable: everybody BUYS something, so EVERYBODY pays equally, rich, poor, doesn't matter your social or financial status, you pay your fair share and no getting around it.....
Posted on 1/21/23 at 2:01 pm to OU Guy
quote:
Income Tax vs Flat/Sales Tax. Which is Better?
This should be easy for anyone with a rudimentary understanding of economics.
When we tax something, we get less of it.
So should we tax productivity or consumption? The answer should be obvious.
Posted on 1/21/23 at 2:21 pm to OU Guy
Rich folks would spend all money out of country.
Posted on 1/21/23 at 3:00 pm to RogerTheShrubber
quote:
Consumption tax.
Posted on 1/21/23 at 3:10 pm to jclem11
quote:
Income is a well defined concept with some complexities
Nice qualifier.
Those ‘complexities’ are absolutely leveraged on a regular basis to do legal bull shite.
How naive are you?
Posted on 1/21/23 at 3:18 pm to OU Guy
quote:
I think a flat tax would get higher income folks to pay more of our taxes since they can buy jets and fancy cars and mansions.
I think people in general would buy a lot less and pay cash for things
Posted on 1/21/23 at 3:29 pm to OU Guy
In general im against it as it’s a regressive tax structure and the little man pays more of a burden than the well off. Also there would still have to be an IRS, im not sure where you get that it could be abolished.
Posted on 1/21/23 at 3:34 pm to Chrome
quote:
I want a flat sales tax with exemptions for those over 70 and the handicapped. This will lower overall income tax for those paying now and will now force those who don't contribute to pay their share.
thats a tax on stupid people or those without elderly/handicapped friends/family. people could just use pop-pop's amazon account to buy stuff.
Posted on 1/21/23 at 3:51 pm to OU Guy
CBDC will eliminate tax evaders and the IRS. You will have no privacy , eat z bugs , own nothing and be happy. You dont and they turn off your CBDC .
Posted on 1/21/23 at 5:31 pm to HailHailtoMichigan!
quote:
HailHailtoMichigan!
Posted on 1/21/23 at 5:34 pm to OU Guy
Of the 3, sales tax is best by a wide margin.
Posted on 1/21/23 at 5:42 pm to broadhead
quote:
No property tax.
This is the one that gets me. No matter how hard you work or what you do you can never truly own anything. If you don't pay your property tax, the guv steals your house or car or whatever it is.
You can never truly be independent or free as long as property tax exist.
Posted on 1/21/23 at 9:26 pm to Homesick Tiger
quote:
Not really. If one man owes X amount of school millage because of property he owns then take that X amount and divide it by the number of people using that property and send them all a bill.
You are naive as shite.
Posted on 1/21/23 at 9:32 pm to OU Guy
Everyone would pay it even people not in this country legally.
It would hurt the purchase of some items as people do it for tax breaks.
It would hurt the purchase of some items as people do it for tax breaks.
Posted on 1/21/23 at 9:33 pm to jclem11
quote:The advantage of income taxes is the government pays almost noting for collecting it. That burden is hoisted onto employers that have to do the collecting--for free.
Income is a well defined concept with some complexities but you can't "frick around with it to skate taxes".
Posted on 1/21/23 at 9:49 pm to OU Guy
Income taxes are theft and immoral.
A consumption tax is fair and moral. It also has an inpact on the carbon footprint since if a person is taxed on what they consume then it’s likely that they consume less and thus put out as much emissions.
Politicians should not even be involved in the concept of taxation either. They use it as a political football. They play one off the other. Rich… evil….tax more. Poor … good - give more
Take politicians out of it and only involve them in spending. Let them fight over that.
The sad part of it all is eventually we’ll have a consumption tax here in addition to the income tax just like in most of Europe.
A consumption tax is fair and moral. It also has an inpact on the carbon footprint since if a person is taxed on what they consume then it’s likely that they consume less and thus put out as much emissions.
Politicians should not even be involved in the concept of taxation either. They use it as a political football. They play one off the other. Rich… evil….tax more. Poor … good - give more
Take politicians out of it and only involve them in spending. Let them fight over that.
The sad part of it all is eventually we’ll have a consumption tax here in addition to the income tax just like in most of Europe.
Posted on 1/21/23 at 10:48 pm to Willie Stroker
(no message)
This post was edited on 1/21/23 at 10:53 pm
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