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re: No income taxes. What would that look like?
Posted on 10/26/24 at 9:39 am to BCreed1
Posted on 10/26/24 at 9:39 am to BCreed1
What do you do if you can’t afford to take care of your own family? You stop helping others and don’t fund things that aren’t beneficial to your family.
Cut off the rest of the world and stop funding every stupid war and organization that doesn’t benefit the American people. Easy fix.
Cut off the rest of the world and stop funding every stupid war and organization that doesn’t benefit the American people. Easy fix.
0
Posted on 10/26/24 at 9:39 am to VoxDawg
We should have been taxing remittances highly.
Posted on 10/26/24 at 9:40 am to Eighteen
quote:
that’s for bragging dude
we would have to start somewhere and phase it in
keep income tax on the highest 1% of earners to start, then phase those out over time
None of that is true at all. Do you spend as much as Mark Cuban or Elon musk?
No, you don't. A consumption tax would immediately replace income taxes.
Posted on 10/26/24 at 9:40 am to TBoy
quote:
How about the right wing utopians start up a new country somewhere, maybe on an island, and they can test out their fantasies. No taxes, 100% tariffs, and one party rule with no regulations. Should be perfect, right?
Considering there are several openly socialist nations where "progressives" could waltz right in and experience the sort of totalitarian hellscape they've worked tirelessly to subvert our constitutional republic into for the past 80 years, I say y'all first.
Posted on 10/26/24 at 9:41 am to Darth_Vader
quote:
You could eliminate probably 90-95% of the federal government and the average American wouldn’t even notice. In fact, they’d probably see an improvement in their quality of life.
Elon agrees
Posted on 10/26/24 at 9:44 am to SlidellCajun
quote:
But we need to fund government.
Why? We are being invaded through our southern border? What has the federal government done for you for your benefit during your life?
Posted on 10/26/24 at 9:45 am to BCreed1
quote:
We do not take in 5 trillion in income taxes. We take in 2.18 trillion.
I didn’t say we did
I said we’d need that much to run the government without debt.
Posted on 10/26/24 at 9:45 am to alphaandomega
Things you need in government at a federal level….
A military.
If we stopped putting out military in every dang country in the world, the costs would go down. We’d also probably stop pissing off other countries as much.
Literally almost every single thing should be neighborhoods, local government, state government decided.
The smaller the group of people the more liberal you can be. But the larger amounts of people you are governing, the more conservative.
A military.
If we stopped putting out military in every dang country in the world, the costs would go down. We’d also probably stop pissing off other countries as much.
Literally almost every single thing should be neighborhoods, local government, state government decided.
The smaller the group of people the more liberal you can be. But the larger amounts of people you are governing, the more conservative.
Posted on 10/26/24 at 9:46 am to broadhead
There needs to be cuts, but in some form there has always been a method to fund the federal Gov.
Posted on 10/26/24 at 9:46 am to BoKnowsAUOne
This post was edited on 10/27/24 at 9:06 am
Posted on 10/26/24 at 9:51 am to BestBanker
I get that, but we all know that we are not going to eliminate the federal gov. Yes, major cuts need to take place, but we are talking about how to replace the tax system.
Consumption tax would mean ALL people living in the USA paid based on there lives.
If you cut the budget from 2.18 trillion to 1 trillion, you still have to make that up. I would imagine a 5% consumption tax would do it.
Consumption tax would mean ALL people living in the USA paid based on there lives.
If you cut the budget from 2.18 trillion to 1 trillion, you still have to make that up. I would imagine a 5% consumption tax would do it.
Posted on 10/26/24 at 10:01 am to BCreed1
I think you tax money illegal immigrants are sending home. 50% sound right?
Posted on 10/26/24 at 10:01 am to BCreed1
More money for TheHarahanian. That’s what it would look like.
Posted on 10/26/24 at 10:01 am to NashvilleTider
quote:
I don’t think the accountant lobby will every let this happen
Article V says the Accounting lobby can go frick itself.
Posted on 10/26/24 at 10:02 am to broadhead
quote:
Why? We are being invaded through our southern border? What has the federal government done for you for your benefit during your life?
Really not a serious question but I’ll respond
Our interstates are incredibly beneficial. Sure they could be fined by tolls but I’m fine with gas taxes funding. It’s appropriate.
Fema- after Katrina, they were hugely helpful in what I went through.
Military- without our military, we’re cooked.
That’s just fed level.
Posted on 10/26/24 at 10:07 am to BCreed1
quote:
I get that, but we all know that we are not going to eliminate the federal gov.
The federal government is likened to the NFL, whereas the states are the owners and the fed gub is Roger Goodell. The states give the power to Roger, pay Roger,
and can take it away.
Posted on 10/26/24 at 10:19 am to BoKnowsAUOne
Look at the country, prior to the Civil War.
Tariffs funded the country. Most of the tariffs came from southern ports ....
I believe in a consumption tax.
Tariffs funded the country. Most of the tariffs came from southern ports ....
I believe in a consumption tax.
Posted on 10/26/24 at 10:20 am to BCreed1
While I definitely love the idea of eliminating income taxes, I’d prefer to see property taxes eliminated first or simultaneously.
My fear is without income taxes, property taxes might be increased as one way to help maintain overall tax revenue.
Seems to lead down the whole “you’ll own nothing and be happy” road unintentionally.
Or intentionally.
Just my opinion.
My fear is without income taxes, property taxes might be increased as one way to help maintain overall tax revenue.
Seems to lead down the whole “you’ll own nothing and be happy” road unintentionally.
Or intentionally.
Just my opinion.
Posted on 10/26/24 at 10:24 am to You_R_Here
quote:
My fear is without income taxes, property taxes might be increased as one way to help maintain overall tax revenue.
Local entities being funded via property taxes are immaterial to the potential elimination of the federal income tax racket.
Posted on 10/26/24 at 10:29 am to VoxDawg
For those interested, here's a link to a thread in progress from some time ago where we discussed what a national retail sales tax would look like and how it would be an even swap for what you're currently paying at the register.
I go into some of the broader strokes earlier in the thread, but this was just what I had bookmarked.
I go into some of the broader strokes earlier in the thread, but this was just what I had bookmarked.
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