Why don't we just go to a national sales tax and call it good? It's odd that the country survived for over 100 years without an income tax
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Why don't we just go to a national sales tax and call it good? It's odd that the country survived for over 100 years without an income tax
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Also Obama care is effed IMO because it forces everyone to participate in someway. Why not have limited federal government and let the states pick up in the lacking areas??? That way people can have a choice at least, if you want something earned by someone else go to California and if you want to be self reliant go to Texas. Making everyone in the country now to the 10 swing states choice is BS. Limited federal gov and give the power back to the states!
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Possible PWI
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Lol, came across this earlier and couldn't help it. I don't think either is a good example ....
http://images.forbes.com/images/2004...3_medwaste.jpg
http://images.forbes.com/images/2004...2_medwaste.jpg
Correct if I'm wrong but i was thinking it was pretty much common that the red states are larger users of federal assistance than blue states.
... Massachusetts would probably be a good example ;)
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So I have been working lots of hours and just got back on the forms. Thanks guys for all the long posts. Made me have to read again. Now that we are on taxes David has it right. a simple 15% sales tax for Fed, State and Local split up 4% fed, 5% state and 6% local solves so many problems. no more income or property tax just the flat sales tax on all goods and services. Then there is no loop holes for people to open up. It also says if you want to spend your money on the high prices items you pay more. If you don't you don't. It is the most fair tax you can do. you want the third house at the lake then you pay your 15% on it and it is done.
Mays for President 2016. I might not tell you what you want to hear but it will at least be the truth.
You would have to have good plan for controlling the value of the dollar, especially in a growing global economy. Ex: controlling person to person sales or keeping everyone from just bartering.
Id imagine it having a significant role on lending as well.
David, i agree with you on local government and find it interesting that neither Ryan or Romney carried their own state.
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i would rather see them tax what you earn, not what you spend. a national sales tax will hit the lower income much harder than the ultra rich.
Steve forbes.. Steve forbes for prez...:razz:
with Flat tax KG and I would be out of a J.O.B....
LOL, I was thinking the same thing.
Also, income tax places a value on reinvestment into companies. There is no incentive for shareholders to not squeeze the workforce as tight as the can, which is where Romney's finance experience is. Since 2003, we have been giving them an incentive to pull cash out of companies.
Odd way of thinking about unemployment but follow me ... two extremes - 0% income tax on corporations means it makes sense to maximize profit bc you get to keep all the cash. 100% income tax on corporations it makes since to show as little income as possible bc they take it. One of a companies most variable expenses is employees ... you add employees you take away money that the government takes from you.
I'd vote for forbes, trump or buffett any day of the week. someone that understands finance/budgets and would not be afraid to call out congress for what they are. I picture The Donald walking into the senate, looking around and yelling "your all fired"... that would be classic...
sorry if you would be out a job on the tax thing, but our codes currently are so hosed and favor people with the ability to hire guys to find deductions that it's a joke. simplify the whole system and make it consistent...