DeLay calls for national sales tax

[charrison]

In a preview of the GOP agenda after the fall election, House Majority Leader Tom DeLay, R-Texas, says they are determined to repeal the federal income tax.

Long an advocate of a national sales tax, a confident DeLay told a conference of tax lobbyists Wednesday that House Republicans will have hearings and push the issue in 2005 and 2006.

He said that replacing the income tax, payroll and other related federal taxes would provide more money for people to use and he endorsed a proposal from Rep. John Linder, R-Ga., for a national sale tax.

However, he added that even a flat tax would be a better than the current federal tax model.

linkage

fairtax.org

 

[Orsorum]

A government which robs Peter to pay Paul, can always count on the support of Paul.

 

[LordMagnusKain]

Originally posted by: charrison

In a preview of the GOP agenda after the fall election, House Majority Leader Tom DeLay, R-Texas, says they are determined to repeal the federal income tax.

Long an advocate of a national sales tax, a confident DeLay told a conference of tax lobbyists Wednesday that House Republicans will have hearings and push the issue in 2005 and 2006.

He said that replacing the income tax, payroll and other related federal taxes would provide more money for people to use and he endorsed a proposal from Rep. John Linder, R-Ga., for a national sale tax.

However, he added that even a flat tax would be a better than the current federal tax model.

linkage

fairtax.org

republicans will call for a consumption tax, Dem's will call for things to stay the same; in the end Republicans will get democrats to submit to a flat-tax.

America will never eat a regressive tax on a national level.

 

[conjur]

Does this mean Steve Forbes will re-enter the Presidential campaign fray?

 

[magomago]

How would a flat tax be any worse? Many rich people already knock themselves in lower tax brackets by working the loopholes in the system. Hell, my old econ teacher was proud to boast that the past 5 years he hasn't paid more than 4% tax on his income. Atleast this way you pay what you should pay, there is not slithering around it

 

[charrison]

Originally posted by: magomago
How would a flat tax be any worse? Many rich people already knock themselves in lower tax brackets by working the loopholes in the system. Hell, my old econ teacher was proud to boast that the past 5 years he hasn't paid more than 4% tax on his income.

It would hard to argue with dismantling "the guilty until proven innocent" irs. Big privacy gain of citizens by removal of the income tax.

 

[Spencer278]

For some reason I think if DeLay gets his national sales tax he won't get his way about abolishing income tax.

 

[charrison]

Originally posted by: Spencer278
For some reason I think if DeLay gets his national sales tax he won't get his way about abolishing income tax.

That is always a fear. Goverment never likes giving up a tax stream...

 

[Spencer278]

I don't think there would be enough support to switch to a sales tax. There are only two groups that would want to make the change, People that are making alot of money, and don't have a lot savings, and people that fear the goverment knew their income.

Anyone with any sort of saving including old people could kiss what ever precent of there money good bye if it was ever implenented.

 

[Draknor]

I think a national sales tax is a good idea, actually - if you exempt basic goods, and luxury items have a little higher tax rate, then I think it would have a nice cooling effect on the over-consumption of our society.

 

[glenn1]

DeLay calls for national sales tax

Repeal the 16th Amendment first, then we'll talk about a sales tax.

 

[AEB]

I know for certain that if there is a national sales tax there will remain an income tax partly because of the 16th but mostly because our government wastes so much of our money.

 

[Jhhnn]

More anti-tax mutterings from the masters of bait and switch economics. The numbers ought to be very interesting, if this crackpot scheme even gets that far. I wonder if he plans on charging sales tax on stocks and bonds, or real estate, or any of the annuity/investment insurance opportunities available to those who can afford them. Probably not, huh?

 

[Ferocious]

Nonsense.

A flat income tax system or national sales tax does absolutely nothing more than to give additional relief to the people who need it least and put more of the burden on the people who need the most relief.

Delay should be ashamed of himself.

 

[Zephyr106]

Originally posted by: Ferocious
Nonsense.

A flat income tax system or national sales tax does absolutely nothing more than to give additional relief to the people who need it least and put more of the burden on the people who need the most relief.

Delay should be ashamed of himself.

It is the duty of the poor to pay for the services they suck from the government teat. If they don't make enough, are there no poor houses and sweat shops? If neccessary, they should at least have the decency to perform the public service of laying down and paving the road for me with their twisted, decrepid, malnourished bodies.

Zephyr

 

[Bitek]

Originally posted by: Spencer278
I don't think there would be enough support to switch to a sales tax. There are only two groups that would want to make the change, People that are making alot of money, and don't have a lot savings, and people that fear the goverment knew their income.

Anyone with any sort of saving including old people could kiss what ever precent of there money good bye if it was ever implenented.

That's an interesting point you make that would apply to retirees. They've paid income taxes their whole life, so would have a lower relative savings, just to see prices on goods and services shoot up. Hmmm.


My thinking, right or wrong, its never going to happen.

 

[Zephyr106]

Originally posted by: Hafen

Originally posted by: Spencer278
I don't think there would be enough support to switch to a sales tax. There are only two groups that would want to make the change, People that are making alot of money, and don't have a lot savings, and people that fear the goverment knew their income.

Anyone with any sort of saving including old people could kiss what ever precent of there money good bye if it was ever implenented.

That's an interesting point you make that would apply to retirees. They've paid income taxes their whole life, so would have a lower relative savings, just to see prices on goods and services shoot up. Hmmm.


My thinking, right or wrong, its never going to happen.

Such a change like this would have to be phased in. No instant shift prompting orgasms from Delay.

Zephyr

 

[SuperTool]

Isn't he under indictment for something?

 

[SirStev0]

only prob with a national sales tax is that if you have the money you will buy overseas where the tax is not

 

[Crimson]

Originally posted by: magomago
How would a flat tax be any worse? Many rich people already knock themselves in lower tax brackets by working the loopholes in the system. Hell, my old econ teacher was proud to boast that the past 5 years he hasn't paid more than 4% tax on his income. Atleast this way you pay what you should pay, there is not slithering around it

See! I knew teachers were overpaid!

 

[B00ne]

Originally posted by: SirStev0
only prob with a national sales tax is that if you have the money you will buy overseas where the tax is not

That problem is non existant, here we have a value added tax and when u import things from outside the EU you have to pay it. For instance when you import a car from the US you have to pay 10% import tariffs and 15% VAT (but often it would still be cheaper than bying it here).

I would rather be concerned how high that sales tax would have to be if u want to continue to fund your military on current levels

 

[charrison]

Originally posted by: B00ne

Originally posted by: SirStev0
only prob with a national sales tax is that if you have the money you will buy overseas where the tax is not

That problem is non existant, here we have a value added tax and when u import things from outside the EU you have to pay it. For instance when you import a car from the US you have to pay 10% import tariffs and 15% VAT (but often it would still be cheaper than bying it here).

I would rather be concerned how high that sales tax would have to be if u want to continue to fund your military on current levels

Current studies have put a revenue nuetral sales tax at around 20% on new{/b] items. They also show consumer goods dropping 20-30% in price as corperate tax is removed.

 

[SNC]

Originally posted by: SuperTool
Isn't he under indictment for something?

And that is revelant how?

I think a flat or sales tax is a good idea. this progressive income tax is a real pain in the ass.
I made a little more this year than I did last, but I got to keep less. Someone please expain this to me?

 

[smashp]

Originally posted by: Jhhnn
More anti-tax mutterings from the masters of bait and switch economics. The numbers ought to be very interesting, if this crackpot scheme even gets that far. I wonder if he plans on charging sales tax on stocks and bonds, or real estate, or any of the annuity/investment insurance opportunities available to those who can afford them. Probably not, huh?

That is an Interesting point to bring up. How are Finacial Gains on investment Taxed if they are at all.

It could be a double edged Sword. Think of all the Tax-free investments that would be meaningless that ENCOURAGE investment.


Plus the Downside to this System is that it Concentrates Wealth into a smaller Percentage of the populace. That ELITE Class of People passes their money down within their family's and eventually the Country will be completly owned by a small Lordship within the Country.

I dont Hate the rich, but I feel money is Power and when the wealthy push to ever increase their wealth, I really feel they are doing so to gain power. With this system the wealth gap would be larger.

 

[chess9]

Has anyone seen the models for how these two systems (National Sales Tax and Flat Tax) would compare in IMPACT to the current system? I don't mean a rosy projection by the Chamber of Commerce or Heritage Foundation. Ah, I see, that is exactly the problem, eh? Both sides will lie with numbers and most congressmen will vote for nothing to be done out of fear for their jobs.

-Robert