Here's the question: Have you read this book?: The FairTax Book by Neal Boortz and John Linder (BTW: I'd go along with your support of a flat tax.)
If I am God of the United States of America, there would be no corporate tax, zero nada poof, no business tax whatsoever, whether you are Joe's Barber Shop or Exxon Mobile. I'll get my money later when you pay it to people. "Corporations are people my friend" you can pay me in wages you can pay me in dividends you can pay me in cap gains makes no difference to me, it's all just income just keep your greedy hands off my corporation, we'll pay you soon enough if we are profitable
yeah, but my flat tax is very severe. 40%, there is a very high exemption, but once it kicks in there is hell to pay. It's all based on my idea to let a man get his feet on the ground, and then when he is established he can start paying for it all. I don't like taxing the poor, I don't mind taxing the rich, especially if they were poor most of their life and lived virtually tax free.
I'm saying yes, but no I haven't read the book. I use to listen to one of those jokers on WSB am radio out of Atlanta and don't have much respect for him. But you are a good guy, why don't you give us the jist of the book so we can bitch about it?
I suggest that you pick up a copy of the book. It's a short book and an easy read. You might discover a different outlook toward going to a consumption tax. Again, I'd settle for just a flat tax. But, the "fair tax" is far superior to a mere flat tax. Have a good one.
ok, you too now we have a consumption tax a flat tax and a fair tax anybody else want to add another tax? Anybody? Maybe a VAT? throw them all against the wall and maybe one of them will stick the only fair tax is an income tax, if you can't understand that there is no talking to you, If I have no income I don't owe you anything, If I have income I will gladly pay you what I owe. What could be more fair? You can make it progressive if you need control over your constituents, or you can make it flat and tied to average income, either way, Washington D.C. needs the tax code. Not taxes, that is just revenue, they need the code, that is where all their power comes from.
In my opinion every single taxpayer (adult) in the US should have some skin in the game. Even those who live off of the government. Things like Section 8 housing allowance, Medicaid, Food Stamps, utility credit, etc. are implicit income. They are being given money, or the equivalent of, to live. If I gave you $1000 each month for rent why wouldn't you see that as a form of income .. an income for doing nothing. So by your premise what if 80% of the US decided they no longer wanted to work. You think the other 20% would want to fund all these people and their housing, food, health care? Taxes would go up astronomically to the point where people would say "why work, the government is taking 80% of what I earn". I find it somewhat funny that those who had tough times during the depression persevered and used government programs as a temporary safety net. But today such programs have become a way of life.
now that is just plain crazy. Why should the government take $1000 out of my check and give it to somebody else, and then turn around and tax it? What kind of sense does that make. I haven't heard a stupid idea like that since Clinton decided to tax social security benefits. The only one who gets rich off that deal is the middleman, in this case the United States Federal Government. Section 8 and food stamp recipients should get together with the TEA party and protest on the mall, "Stop Taxing Our Benefits!"