Flat Tax

[froggy]

Get a job and pay your own damn bills losers, then we can lower taxes.

That's right then we could cut out welfare, foodstamps, Insurance subsidies the whole works.

 

[Aldo Raine]

For or against.

For

But I wonder would a consumption tax be better. Food exempt of course

The FAIR tax is a consumption tax.

Which taxes only the poor and poor with credit.

No it doesn't, numskull. The poor pay no taxes under the FAIR tax.

The flat tax will not work unless expenditures are eliminated for all, including corporations. The corporations only expenditure should be for payroll.

Do not know enough about the consumption tax, but willing to listen!

So corporations can't deduct for the cost of raw materials, plant and equipment?

Why should they get to use our money to make more profits for their business? Do ewe like the government subsidising businesses? If ewe do ewe are a th king commie!

 

[bripat9643]

For

But I wonder would a consumption tax be better. Food exempt of course

The FAIR tax is a consumption tax.

Which taxes only the poor and poor with credit.

No it doesn't, numskull. The poor pay no taxes under the FAIR tax.

The flat tax will not work unless expenditures are eliminated for all, including corporations. The corporations only expenditure should be for payroll.

Do not know enough about the consumption tax, but willing to listen!

So corporations can't deduct for the cost of raw materials, plant and equipment?

Why should they get to use our money to make more profits for their business? Do ewe like the government subsidising businesses? If ewe do ewe are a th king commie!

How is it your money? The 16th Amendment authorizes the federal government to tax income. Income = gross revenues - expenses. How is the cost of raw materials, plant and equipment not an expense?

 

[Aldo Raine]

The FAIR tax is a consumption tax.

Which taxes only the poor and poor with credit.

No it doesn't, numskull. The poor pay no taxes under the FAIR tax.

The flat tax will not work unless expenditures are eliminated for all, including corporations. The corporations only expenditure should be for payroll.

Do not know enough about the consumption tax, but willing to listen!

So corporations can't deduct for the cost of raw materials, plant and equipment?

Why should they get to use our money to make more profits for their business? Do ewe like the government subsidising businesses? If ewe do ewe are a th king commie!

How is it your money? The 16th Amendment authorizes the federal government to tax income. Income = gross revenues - expenses. How is the cost of raw materials, plant and equipment not an expense?

He sure they aren't paying their taxes, that .org has to come from someone else and that someone is ewe! Nice to know ewe are for the government subsidising businesses! See are a commie!

 

[bripat9643]

Which taxes only the poor and poor with credit.

No it doesn't, numskull. The poor pay no taxes under the FAIR tax.

The flat tax will not work unless expenditures are eliminated for all, including corporations. The corporations only expenditure should be for payroll.

Do not know enough about the consumption tax, but willing to listen!

So corporations can't deduct for the cost of raw materials, plant and equipment?

Why should they get to use our money to make more profits for their business? Do ewe like the government subsidising businesses? If ewe do ewe are a th king commie!

How is it your money? The 16th Amendment authorizes the federal government to tax income. Income = gross revenues - expenses. How is the cost of raw materials, plant and equipment not an expense?

He sure they aren't paying their taxes, that .org has to come from someone else and that someone is ewe! Nice to know ewe are for the government subsidising businesses! See are a commie!

You didn't answer the question, moron. How is the cost of materials, plant and equipment not a business expense?

 

[Aldo Raine]

No it doesn't, numskull. The poor pay no taxes under the FAIR tax.

The flat tax will not work unless expenditures are eliminated for all, including corporations. The corporations only expenditure should be for payroll.

Do not know enough about the consumption tax, but willing to listen!

So corporations can't deduct for the cost of raw materials, plant and equipment?

Why should they get to use our money to make more profits for their business? Do ewe like the government subsidising businesses? If ewe do ewe are a th king commie!

How is it your money? The 16th Amendment authorizes the federal government to tax income. Income = gross revenues - expenses. How is the cost of raw materials, plant and equipment not an expense?

He sure they aren't paying their taxes, that .org has to come from someone else and that someone is ewe! Nice to know ewe are for the government subsidising businesses! See are a commie!

You didn't answer the question, moron. How is the cost of materials, plant and equipment not a business expense?

I answered your question in the first reply. Why am I paying for a business to make money? I am paying because they are reducing their tax rate and in order for the government to make up for the short fall they come to see ewe and I!

 

[sealybobo]

For or against.

These guys in another thread said it’s not fair that the rich pay more and the poor don’t pay.

So why don’t we have a flat tax? Is it because it won’t work or because it isn’t fair? Must be one or both.

Maybe we couldn’t possibly pay the bills if we did a flat tax?

Or maybe it would be too much to tax the poor and middle class what it would take to pay the bills.

In other words there must be a reason republicans didn’t pass a flat tax.

My suspicion is the way we do things now the rich don’t pay their fair share. Like GE and amazon they don’t pay taxes at all. Probably.

Why can't the rich pay more taxes they have more money it all boils down to one word GREED.

I would call it greedy for you to be demanding other people's money. It's also called avarice and a lot of other unflattering things.

See froggy, this is the bad argument Republicans keep making as they lower taxes on the rich. What they are trying won't work and isn't fair.

But they've spun it so it sounds like the rich are paying more than their fair share.

They may have been before Reagan but not since.

Roll Back the Reagan Tax Cuts

Nobles Need Not Pay Taxes

The best way to solve the tax problem is to downsize the government to the max so that it does not need that much money

Is that happening?

 

[froggy]

These guys in another thread said it’s not fair that the rich pay more and the poor don’t pay.

So why don’t we have a flat tax? Is it because it won’t work or because it isn’t fair? Must be one or both.

Maybe we couldn’t possibly pay the bills if we did a flat tax?

Or maybe it would be too much to tax the poor and middle class what it would take to pay the bills.

In other words there must be a reason republicans didn’t pass a flat tax.

My suspicion is the way we do things now the rich don’t pay their fair share. Like GE and amazon they don’t pay taxes at all. Probably.

Why can't the rich pay more taxes they have more money it all boils down to one word GREED.

I would call it greedy for you to be demanding other people's money. It's also called avarice and a lot of other unflattering things.

See froggy, this is the bad argument Republicans keep making as they lower taxes on the rich. What they are trying won't work and isn't fair.

But they've spun it so it sounds like the rich are paying more than their fair share.

They may have been before Reagan but not since.

Roll Back the Reagan Tax Cuts

Nobles Need Not Pay Taxes

The best way to solve the tax problem is to downsize the government to the max so that it does not need that much money

Is that happening?

We can only wish

 

[Rigby5]

These guys in another thread said it’s not fair that the rich pay more and the poor don’t pay.

So why don’t we have a flat tax? Is it because it won’t work or because it isn’t fair? Must be one or both.

Maybe we couldn’t possibly pay the bills if we did a flat tax?

Or maybe it would be too much to tax the poor and middle class what it would take to pay the bills.

In other words there must be a reason republicans didn’t pass a flat tax.

My suspicion is the way we do things now the rich don’t pay their fair share. Like GE and amazon they don’t pay taxes at all. Probably.

Why can't the rich pay more taxes they have more money it all boils down to one word GREED.

I would call it greedy for you to be demanding other people's money. It's also called avarice and a lot of other unflattering things.

See froggy, this is the bad argument Republicans keep making as they lower taxes on the rich. What they are trying won't work and isn't fair.

But they've spun it so it sounds like the rich are paying more than their fair share.

They may have been before Reagan but not since.

Roll Back the Reagan Tax Cuts

Nobles Need Not Pay Taxes

The best way to solve the tax problem is to downsize the government to the max so that it does not need that much money

Is that happening?

When you look at the federal budget, it looks like about half to two thirds of the budget goes to defense.
But that is not accurate, because things like VA and GIBill actually are defense costs, but they are hidden in the social services category instead.
And then there is interest on the national debt. That is not part of the budget, but the reality is that almost all the national debt is from defense spending, so once you add the interest on past defense spending, the reality is that about 75% of our taxes goes to defense.
And that seems incredibly wasteful since we were never actually attacked since 1812.

(The WTC and Pearl Harbor were not actually attacks on the nation. No troops were landed and there was no invasion.)

 

[Lesh]

For or against.

For

But I wonder would a consumption tax be better. Food exempt of course

The FAIR tax is a consumption tax.

Which taxes only the poor and poor with credit.

No it doesn't, numskull. The poor pay no taxes under the FAIR tax.

And how do you think THAT loss of revenue gets made up?

On the backs of the middle class of course

 

[Lesh]

By the way...those payments to the poor WOULD be socialism

 

[Rigby5]

Consumption taxes can help, but only is small and on high end luxuries.
That is because the wealthy do not have to consume in the US, but instead can just invest overseas and import luxuries from that tax free source.
It is better to tax income, because then you get a share regardless of how they invest their profits.

A flat tax is good, but only if you only tax profits, which means after workers pay for food, rent, transportation, etc.
The best way to do that is with a very large, flat, personal exemption.
That way the wealthy get no more cost of living write off than the poor do.

 

[Rigby5]

By the way...those payments to the poor WOULD be socialism

Nothing wrong with that.
For example, each citizen in Alaska gets a share of the oil revenue.
About $1100 per person, per year.
Sure that is socialism, but nothing wrong with that.

 

[Lesh]

What you're missing is that either a flat tax OR a "Fair Tax"...would be a massive wealth shift benefiting the rich

 

[Lesh]

By the way...those payments to the poor WOULD be socialism

Nothing wrong with that.
For example, each citizen in Alaska gets a share of the oil revenue.
About $1100 per person, per year.
Sure that is socialism, but nothing wrong with that.

Of note...the very people pushing that also scream about SOCIALISM!

 

[bripat9643]

So corporations can't deduct for the cost of raw materials, plant and equipment?

Why should they get to use our money to make more profits for their business? Do ewe like the government subsidising businesses? If ewe do ewe are a th king commie!

How is it your money? The 16th Amendment authorizes the federal government to tax income. Income = gross revenues - expenses. How is the cost of raw materials, plant and equipment not an expense?

He sure they aren't paying their taxes, that .org has to come from someone else and that someone is ewe! Nice to know ewe are for the government subsidising businesses! See are a commie!

You didn't answer the question, moron. How is the cost of materials, plant and equipment not a business expense?

I answered your question in the first reply. Why am I paying for a business to make money? I am paying because they are reducing their tax rate and in order for the government to make up for the short fall they come to see ewe and I!

You aren't, you fucking moron. Materials, plant and equipment are business expenses. They are subtracted from gross revenue to get income. Until you get that irrefutable fact through your thick skull there is no point in continuing this discussion.

 

[Rigby5]

What you're missing is that either a flat tax OR a "Fair Tax"...would be a massive wealth shift benefiting the rich

Not at all.
The point of a progressive tax rate is supposed to be to reduce taxes for the poor who actually make very little profit compared to the cost of living.
And that does not at all work because the standard deduction is only about 10% of what the actual cost of living is now.
And the wealthy have added way too many loop hole that can be used to hide their income.
So a flat tax is much better, as long as there is also a realistic flat personal deduction, like around $25k.
That would mean no one would pay any taxes on the first $25k.
So then the poor would not be paying any taxes, and the wealthy would not be able to hide income by writing off the mortgage interest on mansions.

With a large, flat, deduction, then with a flat tax there would be a massive wealthy shift benefiting the poor.

 

[Rigby5]

By the way...those payments to the poor WOULD be socialism

Nothing wrong with that.
For example, each citizen in Alaska gets a share of the oil revenue.
About $1100 per person, per year.
Sure that is socialism, but nothing wrong with that.

Of note...the very people pushing that also scream about SOCIALISM!

Good point.

 

[bripat9643]

What you're missing is that either a flat tax OR a "Fair Tax"...would be a massive wealth shift benefiting the rich

You're right to some extent. Turds like you would no longer be able to suck off the rich to the extent that you do now. However, the bottom 20% would pay no taxes, and that includes Social Security and Medicare taxes, which they have to pay now. It's debatable whether the rich would pay more. It's already been widely noted that people like Warren Buffet and Bill Gates already pay less than 20%.

 

[bripat9643]

Consumption taxes can help, but only is small and on high end luxuries.
That is because the wealthy do not have to consume in the US, but instead can just invest overseas and import luxuries from that tax free source.
It is better to tax income, because then you get a share regardless of how they invest their profits.

A flat tax is good, but only if you only tax profits, which means after workers pay for food, rent, transportation, etc.
The best way to do that is with a very large, flat, personal exemption.
That way the wealthy get no more cost of living write off than the poor do.

With the FAIR tax, they can't import anything without paying a tax on it.

It's better to tax consumption. When you tax something, you get less of it, and taxing income means taxing investments, which is bad for economic growth.

Taxing profits is the worst thing you can do to an economy.