Our tax system explained...

[rankroddin250]

I do feel we should all pay the same percentage... Im just saying I honestly dont think that people are honestly bitter about paying difrent taxes than some one more wealthy. I honestly think their just bitter because some one is better off than them and they feel that that person should pay for it...

this is a 3rd person comment. I am not saying this because this is how i feel It is merly an observation and we are all entitled to our own opinions.

[JoeyCleland]

Bar Stool Economics Post Mike Huckabee's Fairtax:

Suppose that every day; ten men go out for beer and the bill for all ten comes to $100. If they paid their bill after the fairtax, it would go something like this:

All 10 men pay $10 and get 3 beers

All 10 men now bring home their entire paycheck so they order another 2 rounds

The cost of tax compliance has reduced the cost of a beer by 20%

so all 10 men get another round.

All 10 men are now buzzed and happy. The end

[DieselFord]

What is a “fair tax” ?

10% ?

20% ?

50% ?

60% ?

And on what ?

Total income ?

And the clincher, what taxes count ? Total paid ?

Like income, the taxes most complain about because it is the most visible on April 15th.
Do we count sales taxes (about 9% in AZ) ?
Property taxes, even if you rent you’re paying them.

Like the working poor (for what ever cause) that spend every dime to survive.

So I am not sure of what is “middle class” is now and the % paid as income tax, then sales taxes paid on every thing left over, face the facts most people are not saving any thing. So they may end up paying total visible taxes of 45% (ruff guess). Now throw in the hidden taxes, everything (goods or services) does not happen with out taxes paid added into the cost. One can not think that 16oz soft drink in a bottle at the 7-11 has $1.39 of product in it, tax on the diesel fuel for the trucks that moved the product(s) to produce it, the taxes on the property where ever it touched from start till your hand, the taxes the clerk at the check out paid (all of his taxes) and on and on. Probably in the 75-80% total. Get the picture ?

Now the “rich”, one may be surprised what is rich, why the $75,000 is the cut off for the $600 check in the mail. Working all of the loop holes now paying maybe 25% income taxes, if able to save 20%, so the total taxes paid may be 30% even counting in the hidden taxes.

Who is paying a fair amount for taxes ? Who can afford to pay what ? Who gets the biggest benefits of living in the USA ?

How can a person not having resources to by food and shelter pay anything when having nothing to pay with, and who will do the jobs the do for the $10.00 a hour ? YOU ?

If the middle class that now is slipping backwards do to the squeeze of outsourcing and increases not keeping pace with prices. Corporate wake up, who will you sell to soon ?

Well the rich if only paying 30% total taxes hire and pay someone $50.00 a hour to mow the grass ?
Dollars to donuts the middleclass will end up paying even more in the name of it’s a fair tax !

[JoeyCleland]

This is a fair tax...

1. Pass the FairTax, a 23% sales tax on all new goods
2. The fairtax abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes. In short YOU BRING YOUR WHOLE CHECK HOME!!!!
3. Repeal of the 16th ammendment to the constitution (the one that makes income tax legal) before it was passed in 1913 income tax was unconstitutional and ILLEGAL!!! This would also prevent the government from imposing both an income and consumption tax.
4. EVERY american recieves a prebate check every month that is designed to cover the tax on necessities it ranges from $196 (single adult) to $792 (couple with 6 kids) per month. This UNTAXES the poor, Making this a very progressive tax plan. (it also has the additional benefit of making Illegal immigrants actually WANT to become legal citizens.
5. There is approximately $10,000,000,000,000 in capital being sheltered from the IRS in offshore accounts. After the fairtax is passed this capital will come back to the american economy.
6. The fairtax eliminates the underground economy that is conservatively estimated to be in excess of $1,000,000,000,000. Now all the pimps, drugdealers, prostitutes, and ILLEGAL IMMIGRANTS will have to pay their fair share.
7. The IRS budget for last year was approx $10,000,000,000. Think about what other programs that money could go to. Um... Defense Maybe....
8. No tax on used goods...Period
9. IT is a MYTH that companies pay taxes. Companies pass the cost of their taxes on to the consumer. Under the fairtax the cost of corporate tax compliance drops reducing the cost of operation by 20%. This makes american products more cost competitive WORLDWIDE. End Result. EXPORTS GO UP, JOBS ARE CREATED, WAGES GO UP, YOU HAVE MORE MONEY TO SPEND ON PRODUCTS THAT COST 20% LESS THAN THEY DO NOW!!!

VOTE FOR HUCKABEE VOTE FOR FAIRTAX

[DieselFord]

1.Pass the FairTax, a 23% sales tax on all new goods.
Good idea but will be very costly. Will not be the dollars to feed the beast, so a higher rate will be required and ever rising, see and take note of your local tax rates paid.
2. The fairtax abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes. In short YOU BRING YOUR WHOLE CHECK HOME!!!!
Would be nice but all the other levels will pick up there taxing rates to cover the loss of funds come form the federal level.
3. Repeal of the 16th amendment to the constitution (the one that makes income tax legal) before it was passed in 1913 income tax was unconstitutional and ILLEGAL!!! This would also prevent the government from imposing both an income and consumption tax.
The only way to make sure it might work, but I have never seen a person in any Government at any level that does not crave to have one more dollar to spend to improve “Our” lives. Or a person that does not want more free services that the government supplies turned down, well a very small number may, called libertyans.
4. EVERY American receives a prebate check every month that is designed to cover the tax on necessities it ranges from $196 (single adult) to $792 (couple with 6 kids) per month. This UNTAXES the poor, Making this a very progressive tax plan. (it also has the additional benefit of making Illegal immigrants actually WANT to become legal citizens.
One may want to look into what your exempts take off of your current income now.
5. There is approximately $10,000,000,000,000 in capital being sheltered from the IRS in offshore accounts. After the fairtax is passed this capital will come back to the American economy.
Yes, except the ones doing the sheltering will find a different way of doing it. Some that have the resources to start with will spend $10.00 to save $10.50. The same as why people speed, no body is looking and can for the most part, why 80%+ drive above the posted.
6. The fairtax eliminates the underground economy that is conservatively estimated to be in excess of $1,000,000,000,000. Now all the pimps, drug dealers, prostitutes, and ILLEGAL IMMIGRANTS will have to pay their fair share.
Maybe yes, maybe no. Where there is money to be made (or skimmed) there is a way. Will just create a new black market.
7. The IRS budget for last year was approx $10,000,000,000. Think about what other programs that money could go to. Um... Defense Maybe....
The IRS as a number based as to the past has had a cut into the numbers of persons employed to the number of tax payers relying technology to check the cheats. The number of audits is way down, its not that less are gaining the system, just no one is looking. If you think no one cheats the sales taxes think again, in Tempe the powers to be started thinking and did some looking into a limited number of high profile retailers and found a very high non compliance rate on reporting of sales and payment of the taxes due.
8. No tax on used goods...Period
Most are now not taxed other than vehicles purchased from a dealer, look and think about all one sees and the channel purchased from. This is the rub about internet sells on how to collect, the rate and who (what City and or State) gets what.
9. IT is a MYTH that companies pay taxes. Companies pass the cost of their taxes on to the consumer. Under the fairtax the cost of corporate tax compliance drops reducing the cost of operation by 20%. This makes American products more cost competitive WORLDWIDE. End Result. EXPORTS GO UP, JOBS ARE CREATED, WAGES GO UP, YOU HAVE MORE MONEY TO SPEND ON PRODUCTS THAT COST 20% LESS THAN THEY DO NOW!!!
True, my point of the “hidden taxes” and why 23% will not be sufficient income for the government to support all of the spending it does now and add in all of the now proposed new services talked about to buy your vote. Also will the Companies pass along the savings or just “pocket” them ? Do not bet on it ! ! ! ! !
Have a nice day with over 50% of you make going to someone else.

[kinghawg98]

mike is not the choice, never has been, never will be. He is a faux conservative IMO

govt is necessary, the degree of govt is the problem. Any handouts (medicare, welfare, social sec, federal mortgage assistance etc) need to be stopped. Several govt depts should be gone (DHS, redundant departments, etc)........and best of all QUIT FREAKIN SPENDING OUR MONEY FOR CRAP WE DONT WANT!

to improve washington- term limits would help stop these career politicians who live in a dream world. get all lobbyist/special interest groups OUT. Make them work 9-5 M-F like the rest of us so they dont have other interests swaying their brains. DO NOT allow them to give themselves pay raises. among other things.

Hell in a handbasket

[DieselFord]

Originally Posted by kinghawg98

govt is necessary, the degree of govt is the problem. Any handouts (medicare, welfare, social sec, federal mortgage assistance etc) need to be stopped. Several govt depts should be gone (DHS, redundant departments, etc)........and best of all QUIT FREAKIN SPENDING OUR MONEY FOR CRAP WE DONT WANT!

But you (do not take this personally) want it !
I need you to want it and take it so you will vote for me (no not myself), for you do not need to know how to fish I will toss you one.
I need to keep in office, I like the power (over you) and after all I know what is best for you !
We do not need term limits, my person in office gives me all that pork I require, its your person that is the problem !
as h*** and not going to take any more !
Its all a house of cards, keep that money flowing, we are a million or so short, that is what the $600 rebate is all about.

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Last edited by DieselFord : 02-08-2008 at 05:24 AM.

[kinghawg98]

I personally want nothing from the government except for national defense, a good highway system and the bill of rights. (I am sure there are a few others that I am neglecting, but I think you get the idea- minimal gov't interfering and spending my money on other people...)

Any handout/entitlement/forced welfare/forced healthcare etc program I do not want, period.

Family and friends used to take care of each other, now people belive its the government's responsibility to provide and take care. Hogwash!

The new America = govt provides all that "we need" Sounds a lot Marxist to me.

[DieselFord]

Originally Posted by kinghawg98

The new America = govt provides all that "we need" Sounds a lot Marxist to me.

Most on this site do not want the government to do but the things we can not do for your selves.
Examples as noted above, highways, public safety (police / fire) and others.
The why of “ But you (do not take this personally) want it ” entry.
As things are looking one side is looking to buy votes by offering all of the things they do not have at the expense of others and complaining that the other side is corrupt while at the same time corrupting the voters by making what they offer.

[Barchetta]

Seriously though, do you guys actually pay attention to your W-2s? Have you bothered to add up how much tax you have paid Uncle Sam? And that's just was taken right from your paycheck. That doesn't count sales tax, property tax, tax on retirement accounts, etc.

Since I got my W-2 I made a copy it and I bring it every where I go. So when someone asks me to feed the hungry/homeless, blah blah blah. I will just show them my W-2 say "I already gave!!!"