I'd love to read all the prior posts but I doubt this has been touched upon yet, if it has I appoligize. Ask yourself, who is promoting a flat tax? You guessed it! It's not the working class! Now ask yourself, will I pay more or will I pay less? Well let's see here, we all know how unlikely it is that the finacially elite of our country would do something benevolent for their fellow Americans at their own expense so that tells me they aren't going to pay as much as they would under our progressive system of taxation. Hmm... well that begs the question: how are we goint to pay the difference of the lost tax revenue from the upper class? Well there's the beauty of it! WE DON'T! We just keep pulling money out of thin air! Yaaaay, money for everybody! But gosh, won't that lead to the devaluation of the American dollar? Hmm.... well lets see now, I make $30k/ year and that affords me a certain standard of living. But what if that $30k is now worth, in real values, $27k? Or $25k? Or less! Well gee now I'm spending more money for less stuff and I'm paying more sales tax than ever! What am I going to do?! I DON'T KNOW! I'M RICH SO FVCK OFF!!
It depends on if you're looking at quantity of businesses, or quantities of shareholders. I'd agree that there are more S-corps out there than C-corps, but there are a whole lotta S-corp shareholders. I wonder if those numbers are tabulated? (or at least approximated)
I like a flat sales tax for everyone including businesses. It encourages the poor to save and if the rich want to make money they have to spend money and then they pay taxes. It also gets rid of all the deductions and investment hidings.
I also like the idea of linking corporate america's taxes to their reported income which influences their stock prices, but you can't tax them at a rate of 70%. That would only speed up outsourcing and make our companies even less competitive in the world market. I do not think we should taxes businesses with both the income tax and the sales tax. We would need to choose one method.
The whole idea behind taxes is not, "is it fair". The idea is do we each carry our share of the burden. (If you give tax-exeption to food) I believe a flat sales tax will insure we all carry our share of the load, and it will do it with much less oversight, then our current system. I like the idea where I do not get taxed until i spend my money not when I make it. It gives me more freedom on how to use my money to my greatest benefit.
I do not think a Flat income tax on individuals will work because the rich will still be able to hide their income somewhere. (oversees business deals or oversees investments) I believe it would work with corporate america because their stated income influences their stock price and they want their stock prices to go up. Individuals on the other hand have no incentive to post accurate income statements, so they won't.
I also like the idea of our government greatly decreasing spending. From one source I read that in 2000 The Defense Department audit showed $49billion unaccounted for. Basically the money was stolen from the American people by a politician (or a group of politicians) and spent somewhere the politician could not disclose because he would probablylby go to jail. (this audit included all spending including Top-Secret spending so that is no excuse) The money was probably used for bribes, corporate favoritism, or foriegn "gifts". This only accounts for unaccounted for money what about money accounted for, was it spent wisely or was it used corruptly also.
edit-that article on Russia was very interesting
Sorry for the long Rant
I also like the idea of linking corporate america's taxes to their reported income which influences their stock prices, but you can't tax them at a rate of 70%. That would only speed up outsourcing and make our companies even less competitive in the world market. I do not think we should taxes businesses with both the income tax and the sales tax. We would need to choose one method.
The whole idea behind taxes is not, "is it fair". The idea is do we each carry our share of the burden. (If you give tax-exeption to food) I believe a flat sales tax will insure we all carry our share of the load, and it will do it with much less oversight, then our current system. I like the idea where I do not get taxed until i spend my money not when I make it. It gives me more freedom on how to use my money to my greatest benefit.
I do not think a Flat income tax on individuals will work because the rich will still be able to hide their income somewhere. (oversees business deals or oversees investments) I believe it would work with corporate america because their stated income influences their stock price and they want their stock prices to go up. Individuals on the other hand have no incentive to post accurate income statements, so they won't.
I also like the idea of our government greatly decreasing spending. From one source I read that in 2000 The Defense Department audit showed $49billion unaccounted for. Basically the money was stolen from the American people by a politician (or a group of politicians) and spent somewhere the politician could not disclose because he would probablylby go to jail. (this audit included all spending including Top-Secret spending so that is no excuse) The money was probably used for bribes, corporate favoritism, or foriegn "gifts". This only accounts for unaccounted for money what about money accounted for, was it spent wisely or was it used corruptly also.
edit-that article on Russia was very interesting
Sorry for the long Rant
If this is true...they arrange for it because they end up making more money and paying less taxes.
I don't know who wrote what, but the first part makes little to no sense. They may have paid for the roads, but we all lose equally when our infrastructure fails.
Or think about it this way: CEO is on his way to work, there's a clogged intersection because of construction - for him, being late to work isn't a huge deal. Minimum wage McDonald's worker is next to him, is late as well - chances are, he'll lose his job far more easily, and he has neither the reserves nor the education to job search easily.
No, if society and government completely collapses the homeless person will still have nothing. The businessman's stocks will be nothing and his lexus will have no paved roads to drive on. Do homeless people care if airport's are funded? No. Does the business man? Yes. Once you recognize that wealthy people have more, materially, you will have to admit that they would lose more if government fails.
We're not talking the collapse of civilization - in the end, wealth only matters so much, and the man who clutches his belongings in a time of crisis is the man who dies poor. Greed begets ruin.
That being said, we're talking about the function of government and taxes, and who gains value from both.
That being said, I don't have time for this, I have a family funeral to go to.
Debate with y'all later.TRENDING THREADS
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