I would like to see the Fair Tax or a flat tax but the IRS would have to be dismantled at the same time that either is implemented. Otherwise we would end up with both systems and end up paying a form of the VAT that Europe has in place.
harley, we’ve ALREADY got very close to a flat tax, and I’ll keep posting this until you look at it and comment! And your Fair Tax would make it easier on the rich…
http://www.ctj.org/pdf/taxday2010.pdf
Radish – it all depends on what you mean by the good life. I wouldn’t define the good life in strictly material terms. Maybe in the future we won’t be able to have so many gadgets, but maybe that’s not such a bad thing, anyway. Maybe it’s uphill, on a different metric.
Ah, the Fair tax. Spend your money on second-hand goods, and you are not taxed. Second-hand goods like Rembrandts, real estate (all real estate is second-hand), antique furniture, classic automobiles, or rare coins, and voila, no tax. No tax if you spend your money on long trips to Bermuda or the Bahamas, the Riviera, or anywhere outside the United States. The ‘fair tax’ would be perfect for people who make their money in the US and live mostly elsewhere. All the benefits of US citizenship, and none of the pesky burdens. I understand the ‘fair tax’ is only to be applied at the retail level. Perhaps you can also avoid it if you can buy wholesale. Oh, if you have lots of the money the ‘fair tax’ is certain ‘fair’ – ‘fair’ as in ‘beautiful’.
“And everyone will get the money back up to the poverty line in a prebate, and you want more, work more and you keep it! ”
And it will all produce the same revenues for the budget, right. I have some problems believing that, at least for the advertised 23% rate.
Essentially, as long as the revenues stay unchanged, the only question is who contributes what part, not how. A tax reform that is revenue-neutral will essentially shift some of the tax burden from some groups to others, not remove it
S_T_F_U over 13 years ago
I would like to see the Fair Tax or a flat tax but the IRS would have to be dismantled at the same time that either is implemented. Otherwise we would end up with both systems and end up paying a form of the VAT that Europe has in place.
Chocktaw over 13 years ago
It’s perfectly legal to owe the government money, send them an IOU instead of a check.
Motivemagus over 13 years ago
harley, we’ve ALREADY got very close to a flat tax, and I’ll keep posting this until you look at it and comment! And your Fair Tax would make it easier on the rich… http://www.ctj.org/pdf/taxday2010.pdf
Dtroutma over 13 years ago
Halloween is coming and at least one of the Koch brothers has his “economy” T-shirt?
napaeric over 13 years ago
Going to be so funny when the votes are in and the GOP, Tea Party and Fox News all fall flat on there faces.
If you think Obama and the Democrats were running rough shod over the GOP since the last election, just wait for the next few years.
lonecat over 13 years ago
Radish – it all depends on what you mean by the good life. I wouldn’t define the good life in strictly material terms. Maybe in the future we won’t be able to have so many gadgets, but maybe that’s not such a bad thing, anyway. Maybe it’s uphill, on a different metric.
WarBush over 13 years ago
From Doughfoot written on Tom Toles in September:
Ah, the Fair tax. Spend your money on second-hand goods, and you are not taxed. Second-hand goods like Rembrandts, real estate (all real estate is second-hand), antique furniture, classic automobiles, or rare coins, and voila, no tax. No tax if you spend your money on long trips to Bermuda or the Bahamas, the Riviera, or anywhere outside the United States. The ‘fair tax’ would be perfect for people who make their money in the US and live mostly elsewhere. All the benefits of US citizenship, and none of the pesky burdens. I understand the ‘fair tax’ is only to be applied at the retail level. Perhaps you can also avoid it if you can buy wholesale. Oh, if you have lots of the money the ‘fair tax’ is certain ‘fair’ – ‘fair’ as in ‘beautiful’.
4uk4ata over 13 years ago
“And everyone will get the money back up to the poverty line in a prebate, and you want more, work more and you keep it! ”
And it will all produce the same revenues for the budget, right. I have some problems believing that, at least for the advertised 23% rate.
Essentially, as long as the revenues stay unchanged, the only question is who contributes what part, not how. A tax reform that is revenue-neutral will essentially shift some of the tax burden from some groups to others, not remove it