Pay your fair share

[Farmerwilly2]

Anybody else get tired of hearing that spouted out? How's this for fair. How bout you don't get a nickle back from the IRS vampires unless you paid them something to begin with. How is the gov't sending someone money they never earned and paid to them in the first place called earned credit?
Oh, I didn't make squat or pay a brass farthing in taxes, so where's my refund.

It's not quite a flat tax, but a step in the right direction. While you're at it, mark me down for means testing for a whole slew of gov't give aways. I swear the older I get the less tolerance I have for due moss in life.

[RebelCowboySnB]

Originally Posted by Farmerwilly2

It's not quite a flat tax, but a step in the right direction.

If my math is right a flat income tax that funded the government at the same level it is today would cost each adult somewhere around $11K+ a year.
That's well above the $10,712 a minimum wage worker makes in a year working 40 hours a week.




A return for nothing is stupid...

[SpaceCadet12364]

I think most flat tax proposals I have heard about have some form of exemption on income, as in it doesnt apply to you if you make below a certain figure of income.
And then, it is somewhat graduated into levels above that minimum amount.

Thing is, it would do away with the IRS, at least as far as it is incarnated today.

[stormwalker]

One thing I'd like to see- If you wear loafers most of the time, you don't qualify for a farm subsidy.

[Sawmill Jim]

Originally Posted by stormwalker

One thing I'd like to see- If you wear loafers most of the time, you don't qualify for a farm subsidy.

I know a man worked in the woods logging barefoot
Know a trucker wears house shoes no socks says they are cheap

[watcher]

Originally Posted by RebelCowboySnB

If my math is right a flat income tax that funded the government at the same level it is today would cost each adult.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ ^^^^^^^

Well THERE'S your first problem.

Originally Posted by RebelCowboySnB

somewhere around $11K+ a year.
That's well above the $10,712 a minimum wage worker makes in a year working 40 hours a week.

The second is a flat tax usually refers to a flax tax rate, i.e. everyone pays the same percentage on their income. Say the tax rate was 15% your worker would pay $1,606.80 whereas someone making $50,000 would pay $7,500.00 and someone making $1,000,000 would pay $150,000.

For me to support such a tax it would have to have no deductions. Once you start adding deductions you do two things. 1) You change the effective rate which means one American citizen is paying more than another. 2) It gives the pols a way to use the system to buy votes.

[stormwalker]

Originally Posted by Sawmill Jim

I know a man worked in the woods logging barefoot
Know a trucker wears house shoes no socks says they are cheap

Do you think either of those guys WERE loafers?!?!?!
LOL

[RebelCowboySnB]

Originally Posted by watcher

The second is a flat tax usually refers to a flax tax rate, i.e. everyone pays the same percentage on their income. Say the tax rate was 15% your worker would pay $1,606.80 whereas someone making $50,000 would pay $7,500.00 and someone making $1,000,000 would pay $150,000.

But wouldn't the tax rate have to be closer to 50%? That's assuming the same "no change" thing.

I think we need to drop the income tax an replace it with a sales tax with a food exemption. That way you get to choose how much the government gets by how high on the hog you live

[RebelCowboySnB]

Originally Posted by Sawmill Jim

I know a man worked in the woods logging barefoot
Know a trucker wears house shoes no socks says they are cheap

I have been working my farm all summer barefoot. Last week I stuck a stob threw my foot an could barely walk for 2 days. Broke down an spent $15 at walmart for some sandals.

[stormwalker]

Originally Posted by RebelCowboySnB

I have been working my farm all summer barefoot. Last week I stuck a stob threw my foot an could barely walk for 2 days. Broke down an spent $15 at walmart for some sandals.

You're no loafer!!
But, what's stob?

[RebelCowboySnB]

Originally Posted by stormwalker

But, what's stob?

The leftover stump of a cut down weed, bramble or bush.

[EDDIE BUCK]

Originally Posted by RebelCowboySnB

The leftover stump of a cut down weed, bramble or bush.

yep thats what they call it around here.However,,LOL,I have heard people use it describing a stabbing. Man, He stobbed him in the heart

[po boy]

Lots a sore toes from stobs in my childhood..

Back to the tax thingy. Half the country is supporting the other half. It has to stop..

A fair tax is a national sales tax that replaces all federal payroll taxes. Imagine you make a $100,000 grand a year and you live in a state that has no income taxes and you ahve no deductions for Insurance, ira etc. Your check is for $100,000. Under the Fair tax plan yoy pay a 20% Federal sales tax when you make a purchase. That 20% covers your Federal Income taxes, your employers portion of fica medicare and corporate taxes.

20% sounds high, but cost of goods should come down since the corporations are not paying taxes. Wages could go up 7.65% since the employer's doesn't pay fica - medicare.

A biggy in this is the undergrouind cash under the table guys. If they buy, they pay taxes.

The IRS is done away with!!!

Look into it:
http://www.amazon.com/s/ref=nb_sb_no...words=fair+tax

Poor folks get a pre-bate.

[Yvonne's hubby]

Originally Posted by RebelCowboySnB

If my math is right a flat income tax that funded the government at the same level it is today would cost each adult somewhere around $11K+ a year.
That's well above the $10,712 a minimum wage worker makes in a year working 40 hours a week.




A return for nothing is stupid...

We are spending about 4 trillion per year.. if you divide that between 300 million people, you get a bit over 12K per person per year... if you have a stay at home spouse and 2 kids... YOUR fair share of that becomes around 48 grand per year.

the only way to be "fair" is to reduce the spending to an affordable level. Any other plan is going to gouge someone quite unfairly.

[watcher]

Originally Posted by RebelCowboySnB

But wouldn't the tax rate have to be closer to 50%? That's assuming the same "no change" thing.

No, the last time I checked if we put in a flat tax with a rate of 13% with no deductions we could cover ALL the cost of running the government. This was a few years ago and didn't have to cover the huge debt nor its interest.

Originally Posted by RebelCowboySnB

I think we need to drop the income tax an replace it with a sales tax with a food exemption. That way you get to choose how much the government gets by how high on the hog you live

Why only food? Don't people also need housing? Shouldn't we exempt rent and house sales? How about meds? Are you going make people pay taxes on the drugs they need to live better lives? Also what is food? Is a candy bar food? Deli chicken?

[RebelCowboySnB]

O ok. 13% does sound better if the numbers work.

I did not mean that could be the only exemption but one that it would be needed. Food exemption is allready in effect in some states an I think candy bars are in on them a eating out is not but I have not looked in to it.
Drugs may need to be exempted to.
Rent should not be eximpt. Rent prices would change very little because of the tax change. Remember the rental owner is already figures in there income taxes in to the price of the rent. There figures would not change much. You are just substituting the words income tax with the words sales tax in there books. Now rental owners may chose to change prices because of the change in everyones take home income an everyones general change in expenses.

The main thing is you would have more control over your money. The government only gets it when you chose to spend it.

[RebelCowboySnB]

Originally Posted by po boy

A fair tax is a national sales tax that replaces all federal payroll taxes. Imagine you make a $100,000 grand a year and you live in a state that has no income taxes and you ahve no deductions for Insurance, ira etc. Your check is for $100,000. Under the Fair tax plan yoy pay a 20% Federal sales tax when you make a purchase. That 20% covers your Federal Income taxes, your employers portion of fica medicare and corporate taxes.

20% sounds high, but cost of goods should come down since the corporations are not paying taxes. Wages could go up 7.65% since the employer's doesn't pay fica - medicare.

A biggy in this is the undergrouind cash under the table guys. If they buy, they pay taxes.

This is what I like. I'm one of the people that dont pay in any income taxes already an would be paying out more if we made that change but I think it would be a good change over all.

[Win07_351]

You may someday see your fair tax, but you'll also see the income tax along with the IRS.

[Narshalla]

Originally Posted by Yvonne's hubby

We are spending about 4 trillion per year.. if you divide that between 300 million people, you get a bit over 12K per person per year... if you have a stay at home spouse and 2 kids... YOUR fair share of that becomes around 48 grand per year.

the only way to be "fair" is to reduce the spending to an affordable level. Any other plan is going to gouge someone quite unfairly.

That's easy -- add the Balanced Budget Amendment, as well as an amendment that states no more Federal debt -- i.e. Treasury Bills -- that they need to be paid from general funds as they come due and fed.gov isn't allowed to print more of them.

Cutting fed.gov spending is the biggest solution!

[jefferson]

Narshalla, don't forget term limits !!!!!!