Skull Pilot
Diamond Member
- Nov 17, 2007
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You realize that income taxes are paid by employers, right? So, how does it make sense to continue to tax companies MORE if they have more onshore employees working for them? Doesn't that disincent what we want? Jobs?
The ideal tax is the Fair Tax. You tax the source of all taxes, the economy, flatly once and eliminate the IRS entirely
Income tax is not paid by employers it is withheld from employees' paychecks and sent into the treasury by the employer on behalf of each employee
So income taxes aren't part what employers have to pay employees? The money doesn't come from their employer's customers? How does that work? Where does it come from then? It just appears in paychecks from nowhere?
I have an issue with the way the fair tax works
It's ridiculous to charge a higher tax then cut a check to each and every person in the country once a month. They call it a prebate . That is a ridiculously expensive endeavor.
If they would reduce the rate and not give any back I could get behind the idea but until they do that I can't support it
I prefer no prebate as well, but you have "an issue" with the Fair Tax and reject it, but you want to keep the Gestapo IRS and reporting to the government every dollar you earn from every source as if it's any of their f'ing business? Since your standard is "an issue," that isn't "an issue" for you?
What about that the Fair Tax makes people who work in cash industries and don't pay income taxes now at all taxpayers sharing the load?
What about that the Fair Tax removes the incentive to move employees offshore and automate to avoid all the employee taxes (Social Security, Medicare, employee income taxes, unemployment, ...)
What about that the Fair Tax levels the playing field between US and foreign corporations who don't have to pay corporate taxes now?
And again, why should US companies be punished with MORE taxes for onshore jobs? Isn't that just butt stupid?
You need to learn about payroll and how it works
If I pay an employee 2000 bi weekly his net pay is 1439
I withhold federal taxes of 316
FICA taxes of 149
State taxes of 91 ( varies by state obviously)
None of those are paid by me the employer all I do as the employer is send that money withheld to the state and federal treasuries
The only expense I pay is the matching contributions for FICA but that is calculated into my payroll costs
I'm being realistic in saying that we won't be able to abolish the income tax so if that is the case then we should put our efforts into making it a flat tax from dollar one
A flat tax would allow us to gut the IRS almost completely