Posted on 06/20/2013 9:35:57 AM PDT by celmak
Exactly! Thanks for the post!
And the FAIR TAX would eliminate damn near all of the rest!
The FLAT TAX is STILL a MARXIST tax on INCOMES!!!
Having a bad day huh? That’s OK, friend.
Go take a nap. You’ll be right as rain.
I won’t tell you to, `Shut up.’
Actually if you multiply what you made by 1.23 and write a check for that amount then you're being taxed at 123% of your income. While Obama would like that, I wouldn't. And even the 23% tax you mentioned would be a healthy increase in what I pay the feds now so you have a hard sell ahead of you.
let freedom ring and capitalism too which is the same thing
Give him time, he’ll get there.
Well, it’s a beginning.
Amen!
...and no withholding.
Excellent! You beat me to it.
..and no withholding.
Agreed!
You’d get opposition from 47% of the country.
It would be good to see it passed. Just think, those 47% would quickly join with the Conservatives to greatly slash the size and scope of government. They would fight to get that down to 10%!!
But Alas, this is all a pipe dream...
These days, that's refreshing on FR.
No it isn't -- a flat tax has existed since long before Marx (Pharaoh [in the time of Joseph] taxed Egypt at 20%, IIRC)
TX ping.
Is it permissible to agree here? I happen to be a CPA with a Masters in Taxation and I wouldn’t personally be too happy if the IRS were abolished.
From a purely pragmatic perspective, larger portions of the agency would need to stay intact to finish existing audits and to allow the existing SOL’s to expire. THEN, we could potentially move to another system.
But I imagine the various State Society of CPA’s, the AICPA, The CMA’s and alllllll the various attorneys would be lobbying big time against this. Not to mention the ancillary businesses that make their living off the tax code (i.e CCH)
There are many ways to streamline the existing system to make it leaner, less obtuse, and more fair than it is today. And it doesn’t need to be a flat tax to be fair. There are serious issues with flat taxes that I think would be more punitive to lower/middle income families than the existing system.
Most “tax loopholes” involve complex corporate or various other structural entities. Small business and individual taxation is pretty straightforward. Not only would eliminating much of the corporate issues that exist make things simpler and more fair, it COULD actually increase tax revenue and create jobs. The US has one of the highest corporate tax rates in the WORLD. It’s no wonder people outsource jobs and park cash over seas.
Argh...sorry all, didn’t mean to rant, but this is a slow, fat curveball for me and I took a swing.....
This percentage is what I've seen a lot of flat taxers propose.
The percentage in my example is beside the point. But a flat tax isn't.
I understand that.
My point was that the FAIR TAX is NOT a tax on INCOMES which is a major plank in the Communist Manifesto’s rules for controlling the behavior of the population of a nation.
May I assume that you DESIRE a tax on INCOMES vs. the FAIR TAX levy on CONSUMPTION and might enjoy having these cretins now in power dictating your behavior (i.e., running your life).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.