How about no deductions for anyone for any reason period?
How about a flat tax at time of *consumption* with a "prebate" to make
sure the first $XX,XXX dollars are effectively untaxed so as to not put
an undue burden on the poor?
This is called the "Fair Tax" and it would work swimmingly. But the left,
especially, hates this. Why? There's getting the money and there's spending the
money. Getting it should be simple. The problem is that not everyone agrees
on how to spend it. So the left, especially, has used all manner of tax
monkeybusiness to change how we get it, who pays, and who does. The right,
seeing what was going on, joined the party. Fair Tax would make the getting
part of it simple. Then the only argument would be the spending part which is
FAR more evident and transparent to the taxpaying public.
Tim Daneliuk email@example.com
Sounds indeed simple and very worthwhile. I could be persuaded. It
would certainly eliminate a bunch of IRS employees, accountants and
lawyers who don't really contribute to GDP. There is only 1 disadvantage
I can see right off. It leaves us without a tax mechanism to promote
things like home ownership, charity, etc. But perhaps we can do without,
just like other countries (I think).
Yes. Personally, I favor a per-capita tax. That is one AMOUNT, not a single
percentage. Like a movie ticket or a can of jalapeno-flavored chicken
nuggets. One money for all. [Currently, that would be about $15,000 per
person per year]
Perhaps you want to explain a little, because that is so far out. A
family of 4 making 100K would then have 55K left. Which would mean that
in order to keep near their current standard of living, they'd have to
make at least 100K/yr more. Lower incomes would have to have a rise in
income of (nearly) the same amounts. Unless, perhaps you meant this
seriously, unless everyone should not only be paying the same in taxes,
they should earn the same amounts. By Heybub decree, which of course
supersedes government decree.
Just like a VAT, this type of proposal is a recipe for instant inflation.
Moreover, I don't think Boehner and Ryan want to be brought down to a
mere 200K/yr. Dream on ...
I apologize in advance for poking fun at your proposal, but to me it is
indeed utopian drivel.
I think it is a shame that there are those (49%) in this country who pay
no income tax. I think every one should pay a minimum tax (Maybe
$500/yr??) and there would be no reverse income taxes. ie those not
paying anything and getting back several thousand dollars.
I am one of the 49% but still think it is not right.
Say you're age 70 & making a whopping $500 a month from the gummint.
What month do you choose -not- to eat, pay your rent, or pay any of
your utilities so you can pay the IRS?
Ditto, some recent years... What I dislike are those who abuse any of
the gov't programs just because they can, double-dippers, etc.
I merely took the energy it takes to pout and wrote some blues.
Me too. Especially when in collusion with the powers that be...
A few months ago our city manager resigned. She did so because of the
election of a new commissioner who had vowed to kick her ass out.
Her contract called for various payments to her if she were fired, nothing
if she quit (other than accrued sick leave and vacation time). She wound up
with the esteemed commissioners giving her more than $300,000. I know not
how much was sick leave and vacation but - obviously - she recived far in
excess of those.
What really galls me is that she in now drawing unemployment. And all these
years I've been laboring under the impression that unemployment was not
available to those who quit.
Right. My wife will be quitting the end of next month. There is a good
chance she'll be eligible for UI. She was eligible five years ago, and
fifteen before that, but she didn't ask for it. She hasn't decided, this
Ditto the city manager of GP. She got $125k for sitting out the last
year, plus medical, etc. Arrrrrrrrrrrrrrrrrrrrrrgh!
Interesting. I always thought that, too. I guess nothing negative
applies to anyone who has been in gov't, no matter how low. Farkin'
sucks, wot? Arrrrrrrrrrrrrrrgh!
"Bother", said Pooh, as he chambered another round...
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