The tax poll

[miketheidiot]

Assuming that you can only choose 1.


I'll add other questions/answer as they come

--------------

for me I would have to go with income Tax as my perfered tax, and property tax as my least favorite. I blieve that income tax is the cheapest and easiest to impliment, and it is the easiest to bring into the line of who should pay taxes. I dislike property tax, because its the gardest to impliment (assessments and the like) and punishes people for doing this we should be encouraging, particularily capital investment and owning a home, but other things as well.


EDIT: please explain your choices.

 

[2Xtreme21]

Social Security Tax?

 

[EatSpam]

I'd like to see a move to a pure income tax system. So many of our taxes are buried in user fees and the cost of goods that its nearly impossible to determine what the actual tax rate is among the various classes.

I'd totally opposed to property taxes. Once you own your property you shouldn't have to keep paying for it. I'd much prefer a county income tax or maybe a higher sales tax rate.

 

[miketheidiot]

Originally posted by: 2Xtreme21
Social Security Tax?

i think that would fall under income tax, but i'll add it anyways. I put divisions for corporate and persona l income tax, so since this is another special case, with its upper limit, i'll add it.

 

[Caminetto]

Pure income tax is the fairest.

Property taxes are horrible.
I know many fixed income people who have had to sell their homes because of it. They retire, pay off the mortgage, but can't keep up with the every three year revaluation of their home.

 

[EagleKeeper]

Keep a consumption(sales) tax. Therefore you do not penalize people on that attempt to better themselves.

Remove the corporation tax. Allow investments to create jobs and consumption.

 

[Train]

Unfortunately the best way in the REAL WORLD is to tax everything. Look at countries that have tried to push all thier taxes into one form, for the sake of simplification or fairness.

High Income tax: people report less income, more work is "off the books"

High Sales Tax: more products move to the black market.

High Property Tax: less people own homes.

In each case, the govt is hurt more than it benifits. Spreading a minimal amount of taxes across many forms is the best way to keep everything legit.

 

[miketheidiot]

Originally posted by: Train
Unfortunately the best way in the REAL WORLD is to tax everything. Look at countries that have tried to push all thier taxes into one form, for the sake of simplification or fairness.

High Income tax: people report less income, more work is "off the books"

High Sales Tax: more products move to the black market.

High Property Tax: less people own homes.

In each case, the govt is hurt more than it benifits. Spreading a minimal amount of taxes across many forms is the best way to keep everything legit.

you can still answer which you like the least then...

 

[Train]

Originally posted by: miketheidiot
...you can still answer which you like the least then...

I guess i would say sales tax, because I hate going into a store and see something for $299, and think, hey thats a good deal, then pay $320.

I would prefer they pre-taxed everything in stores, that way they have to show you the final price. Especially a pain in the ass when you cross state lines, going from Ohio to Michigan is like a 1% (or more) jump in sales tax. Over the course of a year that 1% on everything except food adds up to a lot of money.

 

[ScottyB]

Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

 

[charrison]

1. Remove all corperate income taxes. Removing this would would be a boom for this country.

2. Remove the personal income tax. The current implentation is costly and a great invasion of personal privacy. Does the goverment really need to know how much make and where you work. Remember that it was originally designed so that the top few percent would have to pay a few percent to the fed. Look at where we are now.

That being said, we still have to pay for goverment.

I would prefer a broad based sales tax. States that have sales tax find they have a hard time raising these as everyone has to pay them.

I dont really care for property tax as it destroys property rights(you are only renting from the goverment at this point). HOwever California does implement them in a sane manner as your tax paided are locked in with your sales price. Since you know the cost of taxes in advance, you at least have the option of locking in that rate.

 

[charrison]

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

Sweden tried that and it crushed their economy. Those with money simply left the country.

 

[miketheidiot]

Originally posted by: charrison

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

Sweden tried that and it crushed their economy. Those with money simply left the country.

when was this, last time i checekd, sweden had a fairly solid economy

 

[ntdz]

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

What a horrible idea.

 

[miketheidiot]

Originally posted by: charrison
1. Remove all corperate income taxes. Removing this would would be a boom for this country.

explain.

2. Remove the personal income tax. The current implentation is costly and a great invasion of personal privacy. Does the goverment really need to know how much make and where you work. Remember that it was originally designed so that the top few percent would have to pay a few percent to the fed. Look at where we are now.

Income tax is one of the cheapest, easiest, and least intrusive of taxes, especially when compared to property taxes or the hidden costs of sales taxes.

 

[Todd33]

You forgot Bush's:

Elimiate all taxes and deficit spend.

 

[charrison]

Originally posted by: miketheidiot

Originally posted by: charrison

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

Sweden tried that and it crushed their economy. Those with money simply left the country.

when was this, last time i checekd, sweden had a fairly solid economy

Forbes had an article on this a couple years ago. At one point they had tax rates upwards of 90% on the wealthy and they left the country. Their economy did not recover until they lowered taxes. I beleive this was 20-30 years ago. Excessive taxation is not good for any economy.

 

[charrison]

Originally posted by: miketheidiot

Originally posted by: charrison
1. Remove all corperate income taxes. Removing this would would be a boom for this country.

explain.

You are going to open a business. Country A has 0% corperate income tax, and country B has has a 30% corperate income tax. All other things being equal, where do you locate your business?


This is not a difficult concept.

2. Remove the personal income tax. The current implentation is costly and a great invasion of personal privacy. Does the goverment really need to know how much make and where you work. Remember that it was originally designed so that the top few percent would have to pay a few percent to the fed. Look at where we are now.

Income tax is one of the cheapest, easiest, and least intrusive of taxes, especially when compared to property taxes or the hidden costs of sales taxes.

[/quote]

Current estimates that US taxpayers spending around $200B each year complying with the tax code. This is not cheap or cost effective. Sales taxes cost much less to implement and no personal information is required to be track at all by the goverment.

Sales and property taxes are not hidding, they are in your face, here i am taxes. Taking 30% out of someone paycheck before they even see it is a very hidden tax.

 

[EatSpam]

Originally posted by: ntdz

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

What a horrible idea.

Yeah, those poor poor rich folks. :roll:

 

[charrison]

Originally posted by: EatSpam

Originally posted by: ntdz

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

What a horrible idea.

Yeah, those poor poor rich folks. :roll:

Yes they will just take their money and move elsewhere. They are rich, not stupid.

 

[Train]

Originally posted by: charrison

Originally posted by: miketheidiot

Originally posted by: charrison

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

Sweden tried that and it crushed their economy. Those with money simply left the country.

when was this, last time i checekd, sweden had a fairly solid economy

Forbes had an article on this a couple years ago. At one point they had tax rates upwards of 90% on the wealthy and they left the country. Their economy did not recover until they lowered taxes. I beleive this was 20-30 years ago. Excessive taxation is not good for any economy.

during the great depression the USA had a max rate of 91%, and for almost 10 years the unemployment rate held steady at 19%. Then the govt reduced it to 39%, the tax revenues soared, and the unemployment rate plummeted.

 

[EatSpam]

Originally posted by: charrison

Originally posted by: EatSpam

Originally posted by: ntdz

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

What a horrible idea.

Yeah, those poor poor rich folks. :roll:

Yes they will just take their money and move elsewhere. They are rich, not stupid.

Wouldn't bother me any. If most of the rich got up and left, there'd be a lot less stupid wars.

 

[charrison]

Originally posted by: EatSpam

Originally posted by: charrison

Originally posted by: EatSpam

Originally posted by: ntdz

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

What a horrible idea.

Yeah, those poor poor rich folks. :roll:

Yes they will just take their money and move elsewhere. They are rich, not stupid.

Wouldn't bother me any. If most of the rich got up and left, there'd be a lot less stupid wars.

Not sure how you extrapolate that. There are plenty of poor countries that are at war....

 

[EatSpam]

Originally posted by: charrison

Originally posted by: EatSpam

Originally posted by: charrison

Originally posted by: EatSpam

Originally posted by: ntdz

Originally posted by: ScottyB
Get rid of all sales taxes. Raise/lower income taxes to the following:

0-$25,000 (of total income) -- 0%
$25,001-$50,000 -- 20%
$50,001-$100,000 -- 35%
$100,001-$1,000,000 -- 50%
$1,000,001-$100,000,000 -- 75%
$100,000,001+ -- 90%

Corporations to be taxed as individuals. All earned money is taxed (regardless if comes from stocks, bonds, etc.) One tax exception: Personal property can be sold without taxation if it is owned for at least one year (three years for land and/or houses).

What a horrible idea.

Yeah, those poor poor rich folks. :roll:

Yes they will just take their money and move elsewhere. They are rich, not stupid.

Wouldn't bother me any. If most of the rich got up and left, there'd be a lot less stupid wars.

Not sure how you extrapolate that. There are plenty of poor countries that are at war....

True, but we would no longer have money to prop up Israel and to engage in wars 10,000 miles away, as we seem to do, lately.

 

[imported_tss4]

Originally posted by: Train
Unfortunately the best way in the REAL WORLD is to tax everything. Look at countries that have tried to push all thier taxes into one form, for the sake of simplification or fairness.

High Income tax: people report less income, more work is "off the books"

High Sales Tax: more products move to the black market.

High Property Tax: less people own homes.

In each case, the govt is hurt more than it benifits. Spreading a minimal amount of taxes across many forms is the best way to keep everything legit.

good point.