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Discussion in 'Politics, Religion, Social Issues' started by Thomas Veil, Jun 2, 2015.
Wow. Even when they know they're wrong, they're not willing to admit it. Talk about thick skulls.
income should not be taxed.
To me, this sounds clearly like an incident of "they made their bed of nails in the middle of a very thorny rosebush; now they need to lay in it".
They created the problem, and bet on the odds that growth would come, and they lost. Now they must deal with the consequences.
Yes it should.
Why? We pay tax on everything already
While not applicable to Kansas, Oregon has no sales tax. You pay sticker price for everything you see, from houses to durable goods, to food at restaurants.
So what you are stating is not necessarily true.
Thanks for the correction.
You think the few dollars the state gets in sales tax when you buy an iPhone could sustain the country? Income tax is where the revenue comes from.
Agreed. We should replace it with a wealth tax.
That sounds like an envy tax.
because we only buy iphones? come'on, the more the state gets the more they spend w/o a care in the world, let them invest it wisely for a change instead of just giving them a limitless credit card.
Income tax worked incredibly well 1945-1980.
Abolish sales tax.
AKA a "general" property tax. I like a combination of income tax and general property (wealth) tax.
At least in the U.S., the wealthy have most of the wealth and the lions share (literally) of income. You have to tax people who have money.
Inheritance taxes should only begin at 20,000,000. They should not include main residence, or family farm.
It depends how high the sales tax is, really. If it's a 10% GST on everything purchased, then that's going to add up to a lot of money. I would prefer sales tax over income tax because it doesn't require a large and intrusive Inland Revenue Department to operate, and since the tax is the same for everyone politicians can't trick the electorate into raising it by saying things like "oh, we're only going to raise income tax on the rich" which middle class people find means them after they vote for the politician thinking they'll get free stuff from someone else.
Why do they call it "Inland Revenue?" Because islands like Gurnsey, Jersey, and Sark aren't covered?
I was reading some Ramsey Campbell stories and had to Google inland revenue. I was pretty sure it was the U.K.'s version of the IRS but wanted to make sure.
Sounds like they are doing it right... Cut the crap taxes, decrease spending, and then find some method to increase revenue with tax increase as a last option to remove the budget shortfall without slashing major programs. All the while, they are debating the topics to see which items can be increased/decreased to try and get to the ever elusive balanced budget.
When school districts are forced to end the year early due to lack of funds, they are hardly "doing it right".
Only consumption should be taxed. Not income, not wealth, not inheritance. No envy taxes. We need to sterilize the proggies.
Right. Just because this has never worked in any country in the entire history of humanity doesn't mean that it wouldn't work for us.
By all means, let's screw the poor and working class. Consumption only tax would mean 100% of their income is taxed.
Not to worry. In GOP land regressive tax increases don't count as tax increases.
Look up the FairTax. You keep 100% of income (minus any state taxes, but not all states have an income tax). If you make below the poverty level, you get reimbursed for what would be taxed on BASIC necessities. If you want that latest iphone, you pay a tax.
Fortunately, the FairTax is an embedded tax, not an insane added-to tax like the VATs used in Europe.
Anyway, long story short.. FairTax = you spend $100 at Best Buy and Best Buy keeps $77, while the federal goverment gets $23 for that transaction. The FairTax basically simplifies the entire system and it was thoroughly researched. The best part of the FairTax is that it takes away power from D.C. and gives it to the people.
Would that mean your family will avoid paying inheritance taxes .
Seriously though I think the harm from the upper middle class collecting too much inheritance is probably just as great if not great than the upper class doing the same, as all the upper middle class will do with their inheritance is to pump it all back into property and thus raise the cost of houses for ordinary people and make it harder for the poor trying to better themselves.