I'm watching Santorum announce and he promises he will eliminate the IRS and replace it with a fair flat tax. What does that mean? Who will administer and enforce his "fair flat tax." And what exactly is a "fair flat tax."?
Everyone pays the same tax rate on income, same exemptions. Santorum is a snake. I wouldn't trust that guy.
"everyone pays the same tax rate on income"....who do you report your income to? And who decides if you have paid the correct tax? Remember, there will be no IRS If I bought a house for 100k and sold it for 160k and bought a new house for 220k how much do I owe? Does the fair flat tax require that I pay taxes on the 60k profit from the first house?
I made 500k trading and bought a restaurant for 320k. The first year the restaurant was making money so I took the profits and bought some raw land in New Zealand. The restaurant went broke, but I am raising sheep on the land in New Zealand and it is starting to be profitable. How much tax do I owe? According to my calculations I owe no tax. It's not like the IRS can come after me, since Santorum, they don't exist anymore.
I'm an Uber driver. I grossed 250k, but I spent 30k on an automobile and 50k on clothes and hairstylists and cologne and Iphones. How much tax do I owe? Who decides?
Santorum and the democrats are not going to be happy until everybody has a job and gets a W-2. Anything beyond that they can't understand.
It's a political bone to the Libertarian Right. If he closes down the IRS, they'll reopen it under a new name. Tax collection body has to be there. I doubt he actually means what he says. Not sure about capital gains treatment under Santorums plan.
who is going to knock on my door and tell me, "We don't think all that cologne is a ligitimate business expense."?
Under the current system, the Lawyers do (aka politicians). Thats why they love an opaque tax code - exemptions can be sold to donors and given out to curry votes. Politicians love to play social engineer. I say fuck all the exemptions. No exemptions. Everyone pays. Make it simple. We allow some exemptions, it's the camels nose under the tent. In ten years, there's an exemption for every industry lobby group and every one else gets fucked. Same as it is now. System can't be pay-for-exemption. It's gotta be aportioned like the Founders said - everyone pays the same rate. Fuck them all.
"Santorums plan"? He has no plan. He's worse than a democrat. A wolf (or more like a lovable little kitty cat) in sheeps clothing. All I am asking is, if another ridiculous republican is going to make outrageous claims like all will pay the same tax rate and there will be no IRS that somebody like me hold him accountable. but from now until election night on 2016, nothing that makes intellectual or mathmatical sense will ever be said by any candidate if it feels good do it, that is the new motto of our government, and there is nobody to blame but me and my friends, since we are the ones who vote for them