Like your posts MD but this is wrong.The Fair Tax is the most fair. Here's what it entails:
Don't know if it's been introduced again this year, but has been for five or six years until now. The proposed rate on this Fair Tax (basically a national sales tax) is 23%...with rebates back to taxpayers who meet certain income/family size criteria.
This tax would abolish the Internal Revenue Service saving billions and and dismantle an entire industry whose billions are made helping people fill out the IRS's ever-more-confusing Income Tax Returns. No more tax cheats.
Point...
But still, one would think the reduction in campaign fund total would be noticed...or perhaps not, depending on how much they actually pay in taxes.
fairness has no meaning since it is twisted beyond all recognition
the most fair tax is a use tax. You pay for what you use.
the second fairest tax is a consumption tax-everyone has to pay it and the more you engage in transactions, the more you pay. a gasoline tax is a form of that as is a sales tax
the next fairest tax is a flat tax--true, many people end up paying more than they use just as many pay for far less than they use but the advantage of this tax is that politicians cannot pander to non tax payers or low bracket tax payers with promises of more handouts paid for by those in higher brackets
a progressive income tax is the worst and least fair because those who pay the most taxes are held hostage by the majority of voters who can continue to vote up the taxes on teh top bracket in order to loot their wealth
under a progressive tax, the state of having to pay far more than what you use is accentuated.
morally, no one should have to be forced to care for someone unless the former is responsible for the plight of the latter. to claim that it is fair to make someone shoulder the responsibility of another is clearly specious
Like your posts MD but this is wrong.
What would be your opinion on Property taxes then?...An interesting Wall of Text that I actually read all of...
It seems like the people here who feel like punishing success (aka progressive) seem to ninja in here with their liberal vote and smokescreen out just as fast without an input of why they would do that.
Until I hear otherwise, the default answer is "they're rich, I'm not, and I'm jealous".
Personally, I do not think property tax should exist at all.Property taxes suck. Our constitution gives us the right to own property. Any taxation on that property is an infringement on that right. Also, generally when we purchase property we have already paid taxes on the money that we use to purchase the property, and when someone sells property, he has to pay taxes on any money that he made by selling the property - so property tax amounts to triple taxation!
Personally, I do not think property tax should exist at all.
the rich get more>
So the rich are clearly paying far far more than they use to make up for all those who don't pay near as much as they use.
Other, all tax systems are inherently unfair, they are legalized theft.
Like your posts MD but this is wrong.
Fairytax's "23%" is actually "23% tax inclusive".. which is really 30% (exclusive) the way everyone else on the planet calculates it.
A $100 item will cost $130. Fairytax calls that "23%" tax inclusive.
Which "is just the beginning of it's problems".
It has it's own bureaucracy figuring and giving out prebates. And of course since everyone in the country now has the greatest incentive in history to become scofflaws (and everyone a tax collector), there would be a huge enforcement staff needed to stop the BLACK/cash economy that would result
And Independent scoring of Fairytax's even claimed 30% rate is more in the mid 50's% range
sending monthly checks to every household based on income. Aside from the incredible complexity and intrusiveness of tracking every American's monthly income--and creating a de facto national welfare program--the FairTax does not include the cost of this rebate in the tax rate.
Another Basic problem being being you just can't reduce the upper 1%'s taxes by 90% without making someone else pay.
It's grotesquely regressive.
To cloak this obvious scam they give a prebate which is supposed to take care of the lower incomes, but of course it doesn't.
We've had a progressive tax system for near on 100 years.
In the minds of many, prosperity hasn't been spread and the wealth has continued to accumulate at the top.
Is that a failing at the implementation of the progressive tax?
Yes.... because the proper role of government is to make sure that there is a classed society, and that some people just dont have too damn much.Absolutely not. If it were not for our progressive tax system, even more wealth would have accumulated at the top and the middle class would likely not exist at all.
We've had a progressive tax system for near on 100 years.
In the minds of many, prosperity hasn't been spread and the wealth has continued to accumulate at the top.
Is that a failing at the implementation of the progressive tax?
in fact by allowing all Americans to live tax-free up to the poverty line, it does.
Ray Powell, late Professor of Economics at Yale, one of the most respected and well liked Professors at the school and hardly a conservative noted that if all wealth was gathered up and equally divided among the citizens of the USA (this was in 1977) by 2050 the income disparities would be about the same as they were in 1977
one has to merely look at dozens of mega lottery winners, game show champions or former boxing title holders who are bankrupt or destitute within a mere few years after their fortune was made.
Winners win while losers lose
look at tennis and golf. THe top 5-6 competitiors win more titles than the rest of the entire profession combined. That is what is called top heavy accumulation of wealth yet no one thinks we ought to whack Rafa Nadal in the knee or hamstring Serena Williams
those who want to give a government the power to make things fair give a government the power to rape everyone.
have you ever considered the fact that a tax system that allows people to survive somewhat comfortably without paying taxes or providing any real benefit to society causes a lack of effort on their part and keeps them mired in what some call poverty?
Which doesn't address the issue that the income tax could be made into a voluntary tax simply by making it a tax on the employer on the transaction they perform when they pay someone for work.
we ought to have a real voluntary tax system
it would kill of those who live off the taxes of others rather quickly
that's what I love about a consumption tax-if you are frugal and want to increase your wealth, you don't buy a new car every year or the newest and greatest droid phone the minute it comes out
the current tax system-the pandering progressive tax and the death confiscation tax-both punish thrift and frugality
so tell me-how do the evil rich manage to make 22% of the income and pay almost 40% of the income tax with all those loopholes and off shore foundations
only clowns think most of those targeted for the tax hikes have off shore foundations.
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