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Attila.Iskander Attila.Iskander is offline
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Default OT Taxes My Proposed Taxes Fairness Bill of 2012


"Dan Espen" wrote in message
...
Doug Miller writes:

"Bob F" wrote in :

Doug Miller wrote:
Dan Espen wrote in :

"MarkK" writes:

Someone from the Tea Party please take this and make it happen
...
The tax fairness act prevents the federal, state or local
governments from imposing multiple taxes on the same monies. For
example, a taxpayer should not have to pay taxes to the Federal
government on a dollars that are paid to the state or local
governments. This example is already true, state and local taxes
ARE deductible from Federal income taxes. This bill extends this
to all levels of government and all forms of taxation.

Is this a deficit reducing idea or are you just trying to add insane
amounts of complexity to the tax code and make the deficit that much
worse?

It's time to just dump the income tax altogether. Repeal the 16th
Amendment, and institute a sales tax instead.

Right. Move the tax burden over to the working class, and give the poor
starving
billionaires a break.

Ummmm.... no, actually it would have exactly the opposite
effect. Think it through: who spends more, the rich or the poor?


Ummmm, yes.

This is basic tax theory, I shouldn't have to explain it.

Current income taxes are on a graduated scale.
The more you make, the more you pay as a percentage.

With a sales tax that percentage difference goes away.
Everyone pays the same rate. Big benefit number 1 to the rich.


Nt quite true, because the rich actually buy more goods and services. And
those goods and services are also far more expensive than what ordinary
folks buy...

Add to that, the poor are likely to spend 100% of their income.


That is a whole different story which may or may not be true
My parents arrived in North America with a baby and $200 60+ years ago
They died millionaires
The same is true for most of their generation who emigrated after WWII.


The rich are likely to save a good percentage of their income,
thereby deferring any sales tax paid.


False argument
There's no "deferring of sales tax"
It's due at time of purchase of goods or services.