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Gilbert, the way I see the facts of the question in relationship to this is that the $15,000 stock investment is in fact the placing of that cash into a "savings" program. Eventually those stocks will be sold and the money spent on a taxable event thus taxes will be paid on the $15,000. For instance, those stocks were sold in order to provide the out of pocket medical expenses of the investors child?
I'm not sure that is a good enough answer for you, but it is the kind of answer that I think I remember from when I read about the Fair Tax years ago.
I hope that helps.
I like your answer because it presents a view I hadn't heard before and on the surface seems reasonable to me. It doesn't alleviate my concern that the system will be morphed by politicans who'll set tax rates based on their own discriminations, not much different than what we see now through "sin taxses" but on a grander scale.
Aww I guess the economy would not miss a 3/4 of trillion or so per year reduction in intake.
You have to be a troll, nobody can be this stupid.
Can someone else feed this troll ?
Just tell him you think his thread is stupid and that you are offended.
He will giggle and go away happy
Gilbert, the way I see the facts of the question in relationship to this is that the $15,000 stock investment is in fact the placing of that cash into a "savings" program. Eventually those stocks will be sold and the money spent on a taxable event thus taxes will be paid on the $15,000. For instance, those stocks were sold in order to provide the out of pocket medical expenses of the investors child?
I'm not sure that is a good enough answer for you, but it is the kind of answer that I think I remember from when I read about the Fair Tax years ago.
I hope that helps.
I like your answer because it presents a view I hadn't heard before and on the surface seems reasonable to me. It doesn't alleviate my concern that the system will be morphed by politicans who'll set tax rates based on their own discriminations, not much different than what we see now through "sin taxses" but on a grander scale.
Once enacted? The Politicians can't touch it except by Amendment action...and THAT in of itself is HARD to do and why the Constitution isn't filled by hundreds of Amendments in our 200+ year History...and why we aren't wrecked by now. [Even now we are on the road to being wrecked by the current CODE(s), because they're punative, and practice Class Warfare for manipulation purposes].
You have to be a troll, nobody can be this stupid.
Hush up ya' little pussy ...
The Fair Tax is set up so that every item is taxed at the same rate
Go easy on the DogBoy...he's a tender age in his teens and doesn't have Life experience to speak of. In 20 years or so he *MIGHT*, and hopefully when he's become productive, and WISE?
His tune will have changed. But for now? He's like *ANY* petulant childspeaking out of emotion in lieu of *LOGIC* and LIFE experience.
I think we should end all welfare...period.
Obama was just to much.
I like your answer because it presents a view I hadn't heard before and on the surface seems reasonable to me. It doesn't alleviate my concern that the system will be morphed by politicans who'll set tax rates based on their own discriminations, not much different than what we see now through "sin taxses" but on a grander scale.
Once enacted? The Politicians can't touch it except by Amendment action...and THAT in of itself is HARD to do and why the Constitution isn't filled by hundreds of Amendments in our 200+ year History...and why we aren't wrecked by now. [Even now we are on the road to being wrecked by the current CODE(s), because they're punative, and practice Class Warfare for manipulation purposes].
I prefer the pure flat tax on ALL income with no deductions. Set the rate at maybe 10% and prohibit the govt from spending any more than it takes in.
Require a 75% majority in both house and senate to increase the tax rate.
As long as we are stating pipe dreams.
The Fair Tax is set up so that every item is taxed at the same rate
Well from my reading of the legislation that's not the situation. Consider a car dealer with a used Cadillac on his lot having a Blue Book value of $20,000. From what I read his tax liability could be either $0 or roughly $6000 based on the circumstances.
I prefer the pure flat tax on ALL income with no deductions. Set the rate at maybe 10% and prohibit the govt from spending any more than it takes in.
Require a 75% majority in both house and senate to increase the tax rate.
As long as we are stating pipe dreams.
So in other words, if we ever have to take on debt to fund a major war, say, like, I dunno, a world war, you'd rather just go ahead and surrender to the Nazis rather than have to borrow money?
The Fair Tax is set up so that every item is taxed at the same rate
Well from my reading of the legislation that's not the situation. Consider a car dealer with a used Cadillac on his lot having a Blue Book value of $20,000. From what I read his tax liability could be either $0 or roughly $6000 based on the circumstances.
Or we could actually build up a money reserve for use in case of disaster or war?
Or we could actually build up a money reserve for use in case of disaster or war?
Yeah, right, I'm sure the Republican party would allow that to happen. They proved in the 90's that the instant the government actually does get a surplus they'd rather hand it out to their rich buddies than actually pay down the fucking debt.
Or we could actually build up a money reserve for use in case of disaster or war?
Yeah, right, I'm sure the Republican party would allow that to happen. They proved in the 90's that the instant the government actually does get a surplus they'd rather hand it out to their rich buddies than actually pay down the fucking debt.
I referred to this concept as a pipe dream as is much of this thread.
But were I elevated to the dictators position....
Go easy on the DogBoy...he's a tender age in his teens and doesn't have Life experience to speak of. In 20 years or so he *MIGHT*, and hopefully when he's become productive, and WISE?
His tune will have changed. But for now? He's like *ANY* petulant childspeaking out of emotion in lieu of *LOGIC* and LIFE experience.
I don't need to be in my 40's to see the problems with this country and yourself. Though I have to wonder where you were politically and political knowledge wise at my age Thomas? If you can still remember those times, that is.