Quote:
Originally Posted by BobK
So make it a flat tax. 10% of EVERYTHING. You make 10 grand, send in one grand. You make 10 million, send in one million. No deductions, no adjustments. No body gets out of paying. Then start doing away with all the excise taxes. And all the things they fund. No tax on phones to pay for cheap internet at the library. No cheap internet at the library. If it is important to them, let them put in a local tax to pay for it. In fact, don't give any money to localities. Feds pay for Fed things, States pay for State things, localities pay for local things.
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But then you have all kinds of other taxes they can enact to "Steal from Peter to pay Paul". As long as someone can say "well, we need a special tax for this, that or the other." we have the same issue. City wants to say recycle but they have no money. Put the tax on businesses. Fair enough. Now the business passes it onto you, the consumer in the item sold. So you don't really see it but it is there.
As I have asked before, tell me how much YOU pay in taxes if you can. So far, nobody can simply because they are taxed in so many ways not even the best accountant can figure it out. I think the simplest is to have a POS tax. Whatever you buy, you get taxed at the POS. No deductions, rebates, excuses, etc, etc. Buy 10 million, get taxed say 2 million. Buy $1000, get taxed $200. At the end of the year, you see how much you earned and you can figure out the taxes. After all, for every purchase, you stress the infrastructure so it is fair you pay for it.
Say you take a 20% POS tax.
I earned $100000 last year
I have $40000 left
I paid out $60000
I bought $50000 in product
I paid $10000 in taxes.
Now, if Joe Politician wants to get more money, he has to raise the POS tax. So say he wants to do that, he has to explain to EVERYBODY why he is doing it and feel the heat. Instead, today, Joe P. can simply lower your taxes to the state or IRS and put a new tax onto a business and they can pass it to you. All unseen but the effect is not as easily felt but it is there. Now he cannot "divide and conquer" by pitting this group against that.