Yes, but the consumer does not know how many times that vat has been applied to the product they are buying.
Yes, but the consumer does not know how many times that vat has been applied to the product they are buying.
Damn . . . dude quit whacking him with the stick . . .
Forget I said anything about the VAT . . . how about we have a national sales tax? I prefer the VAT b/c even at a comparable rate (per Lunar Ray) people are less likely to complain. If you exempt the production steps from taxation invariably corporations (and the people intimately associated with them) will find a way to avoid ALL taxation.
Forget I said anything about the VAT . . . how about we have a national sales tax? I prefer the VAT b/c even at a comparable rate (per Lunar Ray) people are less likely to complain. If you exempt the production steps from taxation invariably corporations (and the people intimately associated with them) will find a way to avoid ALL taxation.
That is not how it works.
vat is applied at every step. The tax is added to value of each product at each step.
block of aluminum is purchased+vat.
block of aluminum turned into a bike frame+vat
peice of rubber is purchased+vat
rubber turned into a bike tire+vat
bike frame + tire +vat sold to retailer
bike +vat is sold to consumer
Consumer has no idea how many times the product has had the vat applied to it. This hides the cost of the tax.
The consumer is better paying all the taxes as a retail sales tax.
CADsortaGUY
Lifer
So my question now is - Are we looking at a flat income type tax or are we talking about a consumption type flat tax? Or is it a combo of the two?
CkG
CkG
Bowfinger
Lifer
- Nov 17, 2002
- 15,776
- 392
- 126
Flat taxes are regressive. The current income tax is pretty much the only tax that is progressive today. For everything else, the wealthy get off easier than the typical wage-earner. Even income tax isn't as progressive as it appears thanks to all the ways to shelter income, preferential treatment of capital gains, and the cap on FICA withholding.
How about everyone who makes over 100,000 pays 75% of their income in taxes, and everyone under that figure pays no taxes? That should fit in nicely with the agenda from the left.....
LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
Originally posted by: Jmman
How about everyone who makes over 100,000 pays 75% of their income in taxes, and everyone under that figure pays no taxes? That should fit in nicely with the agenda from the left.....
It would be consistent with Conservative policy of putting money in the hands of the folks who'll spend it and better the economy and make the rich richer..
CADsortaGUY
Lifer
OK, so why can't we just have an income based tax and get rid of most if not all of the other misc taxes?
I'd support(in theory) a somewhat progressive rate type tax on income. Make a "floor" for income and make 2-3 tax rates above the floor. However we'd have to get rid of exemptions and other "credits" to keep it "fair", no? Also why can't we have a flat type sales tax also but make it on things that aren't "necessities". Necessities being food, clothing, housing, and utilities(heating and water) Now I'd also support having a "normal" sales tax rate and a luxury type tax rate, the details of which need to be clearly spelled out. That all being said - how do we "fix" corporate taxation...since the big bad evil corporations aren't supposedly paying their fair share?
Whatever we do - we need to have a simpler tax structure and make sure it is transparent in nature.
CkG
That's from the IRS website fool!!!! hahahaha
Dave doesn't want to believe that the rich that he hates so much actually pay all the taxes!!! hahahahaha That's Dave for you.
A flat tax would obviously mean a tax cut for the rich.
Because if it didn't then then that would mean a tax increase for the average Joe.
Because if it didn't then then that would mean a tax increase for the average Joe.
CADsortaGUY
Lifer
Originally posted by: LunarRay
Caddy,
what about the earned income tax credit..
Gone. It wouldn't be needed since the "floor" would exempt them from taxation. "Net $0" is only one of the tax issues that need to be addressed
CkG
CADsortaGUY
Lifer
Originally posted by: LunarRay
Caddy, you know the EIC is really a minimum wage increase to the neediest.. right?
I understand that EIC can cause a glitch in our Tax COLLECTION system.
CkG
Alternative Minimum Tax:
is the plan to slowly degrade the tax system so that eventually everyone is paying a flat income tax via the AMT, it's the multi-year multi-step program to bring the nation to a flat-tax system.
is the plan to slowly degrade the tax system so that eventually everyone is paying a flat income tax via the AMT, it's the multi-year multi-step program to bring the nation to a flat-tax system.
By calculation of the tax system or for real?
Here in Germany the top 10% contribute very little because of all those tax brakes that you can get when u make enough money/make a private business (real or just for taxes..)
And dont get me started on the big multinationional corps - they pay next to nothing...
thing is, with the flat-tax system the revolutionary conservatives are trying to push everyone will lose there write-offs.
Zebo
Elite Member
- Jul 29, 2001
- 39,398
- 19
- 81
Should be 100%. I thought Conservatives were about merit and compitition? You guys oppose AA or any programs to help the weak or down. Everyone starting from the same spot we could really see who "deserves" the fruit and eared it by thier works and deeds not what they were given.
Yup inheritance 100% and zero taxes the rest of everyones life on everything is fair.
Zebo
Elite Member
- Jul 29, 2001
- 39,398
- 19
- 81
So what? And we get more from the governemnt too and then some. You think the bottom 50% uses the SEC in anyway? Or any of the fininacial structures set up like banking, the 2 million federal workers or the 10 million who sponge off the governemnt indirectly thought govt contractors and other corporate welfare? FAA and all that goes with it? Who you think benefits from an educated work force the most the employee or owner who hired him? And national defense..I have more to protect so like any other insurance policy I should pay more... Dude without these governement supports and hundreds more, there would be no free market in the first place for the wealthiest to make thier fortunes.
I swear the conservative mind is a punitive one which refuses to see the big picture.
Might as well define the levels that you took the data from:
Percentage | Income |% Paid
Top 1 % $313,469 37.42
Top 5 % $128,336 56.47
Top 10 % $92,144 67.33
Top 25 % $55,225 84.01
Top 50 % $27,682 96.09
Bottom 50 % <$27,682 3.91
Originally posted by: Jmman
How about everyone who makes over 100,000 pays 75% of their income in taxes, and everyone under that figure pays no taxes? That should fit in nicely with the agenda from the left.....
And that same idea killed the economy in sweden.
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