Posted on 08/27/2007 7:53:49 AM PDT by Turret Gunner A20
“Simplify the existing tax code.”
Insufficient. It leaves every American an accountant, and the IRS with its nose in our business.
Neither is acceptable.
I still lean towards the Flat Tax idea and keep it at 10%. From everything I’ve seen, a flat tax of 10% will give the government more money than they will ever need. If this is true and the government doesn’t like it, this means they just want more of your money to keep you broke and powerless.
This is where the democRATS and regressive income taxes get you. The democrats mantra about raising taxes on the rich is disingenuios at the very least. The rich are rich and will stay rich. Income taxes are a tax on the acquisition of wealth. Since you earn more then you should pay more goes the Marxist theory. The reality is that the truly wealthy do not pay income taxes. For one reason and one reason only. The rich do not have EARNED income. The income tax is applied to earned income. The rich have capital gains taxes which are substantially less than the income tax rates.
Since it is not earned income, but capital gains on an investment, then the profits of that gain are taxed as capital gains. There is nothing in the tax code that says that profits from capital gains cannot be used to pay daily living expenses. Thus, the very wealthy typically have little or no earned income.
Skip the argument about punishing achievers and all of that tripe. It's meaningless. The point of regressive income taxes is to keep the unwashed filth that is you and I, is (1)To keep us working and paying taxes. (2) To keep us from acquiring real wealth and infiltrating those places where the wealthy like to inhabit. Do you think for a minute that the rich democRATs want us moving into West Palm Beach, the Hamptons, Martha's Vinyard? Not on you life. Do you think that Ted Kennnedy wants you or I living next to him in Hyannis? Or Diane Feinstein or Barbera Boxer or Barbera Streisand or Nancy Pelosi, wants you or I living next to them? Not in a millioin years do these people want us even within 10 miles of them and their estates.
“americans that actually argue for the intrusive and confiscatory income tax”
under penalty of perjury, incarceration, and fine, you must accurately and fully disclose every source of income that you have received
vs
the right to be secure in your persons and papers from unreasonable search and seizure.
OK, you own a business...why would you be first to give away money?
There are many dimensions to competition. Price is only one. Even now, there are place I can buy tires cheaper than where I do. Why do I buy where I do?
There is a difference between price and cost.
Impulse buyers will buy on price, you see them at Wal-Mart at midnight Thanksgiving. Smart consumers look for service and convenience also. In the staffing business, if our workers comp went down, we didn’t give anything back to the customers, who were already willing to pay that price. Plese tell me who would want to be first.
Thanks. I had not studied the Fair Tax before. This simplified and helped me to understand what we need to work for.
I REALLY want the government out of my daily life!
Just make sure you save a few dollars for the "Going Out Of Business, Everything Must Go!!!" signs.
Venture, GEM and Shoppers Fair are all gone. KMart is kept afloat by their real estate. Macy’s and Saks are doing fine.
Service businesses thrive at greater than lowest price.
Get real.
OK, you’ve never owned a business in a competitive market.
Yes, but would it be fair to charge all homeowners whose houses were over 2500 square feet a higher rate per square foot? That's the analogy to how income taxes are now. "Flat tax" doesn't mean everybody pays the same amount, it's just to make everyone pay at the same rate, so someone earning and spending twice as much would pay twice the tax bill.
LOL, I love ignorant people who insult. What are you taking over for pigdog? You don't even attempt to make an argument.
Rich Republicans don't want 'us' either. It seems that if all income [not just earned income] was taxed as the same rate, income tax rates would go down. In a political economy, the majority of people must benefit from any change. That's called an election.
Ok, you own a business. Your competitor across the street drops his prices. What do you do? Keep your prices up and lose customers and go out of business, or follow suit to remain competitive?What the hell do you think he's going to do? He's going to drop his prices. That's why it is stupid for his competitor to drop his prices. If they get into a price war, they both lose. They would both be better off leaving prices where they are.
The Fair Tax is still deeply flawed.
The most basic flaw is that it will re-tax money that has already been taxed. Virtually all of my savings was saved after-tax (with the exception of my 401K) and when I go to spend any of it I’ll be taxed again on that same money.
Unless that flaw is corrected then the Fair Tax is doomed. There are too many people in my situation who stand to be royally screwed by this fix.
Would you care to speculate further on my bio? I didn’t put that much detail in my profile.
Let’s just say I learned what I say the hard way.
How is that different and better than the FairTax you will pay?
Ping. It looks like Boortz is up to his old tricks.
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