I was just saying it's a likely rallying point for the demon-crats to mobilize the "downtrodden" masses.
MEGA- 
I put together a page of info here about Kerry. Audio, video and articles. Check it out.
Stay Strong
Fuzzy
Posted on 08/01/2004 6:08:53 PM PDT by NeoCaveman
This is my biggest problem with our current income tax, it is not fair, special interest groups run it and pay off Congress for their special interests. Who in their right mind can say it is fair and equitable? It is used for social engineering and payoffs. I believe 50% of lobbyist lobby for tax breaks.....lets eliminate that and give the power back to the people where it belongs...I agree. But you need to realize the income tax started pretty simple, too. We're just ~90 years down the line. If we go to a NRST, how many stories about a little girl dying because her parents couldn't afford the sales tax on her surgery before congress exempts life-saving surgery? How many stories with pathetic looking old people complaining they can't afford all their medications because of the sales tax before prescription drugs are exempt? How about daycare? Baby formula? Now fast forward 80 years...this system that appears simple could be more complex than the current one.
"I am not sure what you mean. I used to live in California, they had their own income state tax forms and tables. Unless you mean the tables are based on the Federal tables?"
What I meant was that every state tax form that I have ever seen (and I must confess that I am not familiar with Kaly-fornia's) uses either AGI or taxable income from the individual's 1040 as the starting point in computing state taxable income. State income tax returns are typically relatively simple, at least compared to federal returns, because all the preparer has to worry about are a few adjustments between state and federal law.
If Americans are no longer completing 1040s, then each state would have to develop its own system of computing taxable income from the ground up. IOW, its own IRC would grow greatly in complexity.
That just isn't going to happen, at least not across the board. Furthermore, those states who attempted such foolishness would see their economies stagnate relative to their more prosperous and progressive neighbors.
State income taxes will go the way of the dinosaurs shortly after the FairTax is passed.
"I am not sure what you mean. I used to live in California, they had their own income state tax forms and tables. Unless you mean the tables are based on the Federal tables?"
What I meant was that every state tax form that I have ever seen (and I must confess that I am not familiar with Kaly-fornia's) uses either AGI or taxable income from the individual's 1040 as the starting point in computing state taxable income. State income tax returns are typically relatively simple, at least compared to federal returns, because all the preparer has to worry about are a few adjustments between state and federal law.
If Americans are no longer completing 1040s, then each state would have to develop its own system of computing taxable income from the ground up. IOW, its own IRC would grow greatly in complexity.
That just isn't going to happen, at least not across the board. Furthermore, those states who attempted such foolishness would see their economies stagnate relative to their more prosperous and progressive neighbors.
State income taxes will go the way of the dinosaurs shortly after the FairTax is passed.
"Now fast forward 80 years...this system that appears simple could be more complex than the current one."
I think you are ignoring one very important factor. Most of the complexity in the current system is in the area of deductions. Holding periods for computing gains & losses, carry-forwards for all types of deductions, ceiling and floors ...... virtually all of the complexity is in the area of deductions. If you scrap the whole concept of taxable income, you greatly limit congress's discretion to complicate.
If you had said that there is a risk that congress will complicate a well thought out plan and compromise its simplicity, which is one of its strengths, my response is that I agree, which is why we have to be vigilant and make sure congress doesn't pass some mutant version of the FairTax bill and call it the FairTax.
However, when you say that this proposal could end up becoming as complex as the current system, that is going a bit far IMHO.
Too many accountants and lawyers with $$$ on the table for this to go forward.
This is a great point, and one that concerned me also. However, the $200 Billion/year tax industry is small in relation to productive and taxed industry's as a whole. A lobby of "Producers" would easily dwarf them.
But hey, if the Brooking's Institute is crying about it, it can't be that bad.
"Too many accountants and lawyers with $$$ on the table for this to go forward."
“I discussed the importance of abolishing the income tax because of its tendency to form a habit of servility in the souls of a people that accept it. Servility of soul is bad not only in itself, it is also an open door through which will soon walk the abuses of ambitious government power. Leaders who find themselves with governmental power over a servile people will be quick to conclude that such a people exist to serve them.”
Alan Keyes “The Power of the Purse”, WorldNet Daily, August 27,1999
I hate to keep posting the same stuff over and over, but this quote is so appropriate for the kind of defeatist, victim mentality posts that I just can't help myself.
Man did you ever say a mouthful! 90+ years and umpteen jillion pages of code and regulations and STILL we have no precise defination of the word "income". THAT is a problem.
Thanks for the clarification!
I know here in PA they have already stated that should this happen they would probably follow suit.
I was just saying it's a likely rallying point for the demon-crats to mobilize the "downtrodden" masses.
MEGA-
I put together a page of info here about Kerry. Audio, video and articles. Check it out.
Stay Strong
Fuzzy
I was just saying it's a likely rallying point for the demon-crats to mobilize the "downtrodden" masses.
MEGA-
I put together a page of info here about Kerry. Audio, video and articles. Check it out.
Stay Strong
Fuzzy
I was just saying it's a likely rallying point for the demon-crats to mobilize the "downtrodden" masses.
MEGA-
I put together a page of info here about Kerry. Audio, video and articles. Check it out.
Stay Strong
Fuzzy
How about total anarchy?
We take a huge magnet, attach it to a helicopter, and fly over the building - rendering their entire IT network useless coffee holders!
(another upside - all records are lost, so they don't even know who we are or where we are!)
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