Flat or Sales tax instead of current system...agree or disagree?
- Thread starter geekender
- Start date
I prefer the National sales tax system, with essential food, clothing, medine , and school exempt.
I would also phase out social security on a graduted scale starting with current 35 year olds recieving 10% to 60 yr olds getting 100% When the current 35 yr olds die off then the system is fully desolved.
I would also increase the tax on gasoline $0.25 a gallon every six months from now on.
I would also phase out social security on a graduted scale starting with current 35 year olds recieving 10% to 60 yr olds getting 100% When the current 35 yr olds die off then the system is fully desolved.
I would also increase the tax on gasoline $0.25 a gallon every six months from now on.
I don't think we should tax on a consumption basis, though I would like to see a flat income tax rate with a decent minimum untaxed amount.
If income < 30k, you pay no taxes
You then pay 20% on anything between 30k and 60k
You then pay 30% on anything between 60k and 90k
You then pay 40% on anything between 90k and 120k
You then pay 50% on anything between 120k and 150k
You then pay 70% on anything between 150k and 200k
You then pay 90% on anything between 200k and 500k
You then pay 95% on anything over 500k
IE if you earned 1 mil gross, your net would be 30k + 24K + 20K + 18K + 15K + 15K + 30K + 25K = 177K
This would create a bell-curve promoting a widespread middle class as opposed to the increasing gap we have now between the super-rich and impoverished.
You then pay 20% on anything between 30k and 60k
You then pay 30% on anything between 60k and 90k
You then pay 40% on anything between 90k and 120k
You then pay 50% on anything between 120k and 150k
You then pay 70% on anything between 150k and 200k
You then pay 90% on anything between 200k and 500k
You then pay 95% on anything over 500k
IE if you earned 1 mil gross, your net would be 30k + 24K + 20K + 18K + 15K + 15K + 30K + 25K = 177K
This would create a bell-curve promoting a widespread middle class as opposed to the increasing gap we have now between the super-rich and impoverished.
Dissipate
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- Jan 17, 2004
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I am all for a national sales tax. Flat tax is good too but I don't think the government has a right to know everyone's personal income and every aspect of every citizen's personal financial lives.
Collectivists will never go for this though, they want to know everyone's income so they can soak anyone who earns more than they do.
Collectivists will never go for this though, they want to know everyone's income so they can soak anyone who earns more than they do.
The gov already knows everything about how much everyone earns... they couldn't really levy taxes if they couldn't know how much you earned... even with a flat tax, it would be trivial to figure out your income from the amount of taxes you payed...
Yes, privacy is a good thing. I don't think a sales tax, no matter how broad, would ever come close to covering government spending though.
Damn if the feds added a sales tax on top of ny state and the county sales tax I would be paying at least 16 precent tax.
(none if i cross the border to NH People should pay taxes in proportion to their share in the wealth of the nation. I am unaware of any method of doing this directly, which is why a progressive tax system is neccesary.
In general, net worth grows more than linearly with yearly income. There is your justification for a tax system with brackets.
Who should pay more taxes, the retired billionaire who has $0 income through payroll, or a family of four just breaking $50,000. There is your justification for taxes on income-earning holdings, such as stocks or land.
In general, net worth grows more than linearly with yearly income. There is your justification for a tax system with brackets.
Who should pay more taxes, the retired billionaire who has $0 income through payroll, or a family of four just breaking $50,000. There is your justification for taxes on income-earning holdings, such as stocks or land.
As for a national sales tax, I am skeptical that such a radical transition is feasible. It seems like a decent enough idea, however.
Flat tax can't work for very simple reasons --- the amount each person would end up paying is more than the national median income.
Edit: or did you mean flat % tax instead of flat $ tax?
National sales tax instead of income tax is a much better idea.
Edit: or did you mean flat % tax instead of flat $ tax?
National sales tax instead of income tax is a much better idea.
There are a few problems with the sales-tax though. First it would have to be huge, either from an outright high rate or compounding of a lower rate on products' way to being final goods. Second, regardless of the rate, it would discourage consumption. Third, it would send a lot of corporate money out of the country if they can import goods from other countries and bypass the tax. Fourth, you'll probably have an added cost to businesses not only in keeping up with the tax collection but also getting hit by this tax themselves- a really bad thing for small businesses. There are a lot more reasons why it's a bad idea, and also some reasons it's better than what we have now, but I think there is a better, simpler, and more fair way with a flat income tax rate.
You're missing the big picture. With a national sales tax, it's not just you as an end-consumer paying the tax. That's just a small part of it. Let's say you go and buy a car - before that car is available to buy, the car company has paid tax on the tires they bought to put on it, and on all the metal bought for the frame & the engine, and on all the other parts. Maybe the tire company also paid tax to acquire the rubber from another company. And there was tax on all the electricity used to power the machines used in construction. All these taxes are expenses to the car company and end up included as part of the price tag, so the REAL amount of tax paid is much more than is apparent to the final buyer.
All those expenses get passed on to the consumer though. The actual rate on paper the consumer sees may be say 5%, but by the time the consumer actually gets the product the increase could be much, much higher than it otherwise would be.
Care to explain what you'd do with the trillions of dollars you stole from everyone making 90K+, chairmain mao?
Dissipate
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- Jan 17, 2004
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Huge compared to what? All the taxes we pay today added up are huge, not to mention the HUGE cost of just CALCULATING taxes and conforming to the ridiculous number of rules, regulations and B.S. Discouraging consumption is a bad thing? God forbid anyone actually save money, omg, then we might actually not need social security! Imported goods sold would be taxed along with everything else. I don't see your point there. Businesses already have to keep up with state sales tax collection, the national sales tax would just increase the %, not the cost of tallying it up. I don't see any reason why its a bad idea.
Like I said before, the opponents of a national sales tax are collectivists (probably like yourself) who demand to know everyone's income so they can point the finger and say: "He's earning more than me, its not fair!"
Well as you can tell, anyone making more than 90K is "rich" and needs to be taxed to death. This fellow is way out of touch with reality.
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