Im for a simple 10percent flat tax rate and closing of all unproductive loopholes. I would be open to supporting a FairTax or a National Sales Tax.
A regressive tax system, whilst the country has such high relative poverty and low social mobility, isn't a cunning option
It's already amok.......it's become taxiation with no representation. Washington is only worried about it's own ass to hell with the people of the country.
Oh it made sense if your not brain washed into the current thinking of irresponsible Senators and Congressman. You think they give a rat's petunia about the people? Hell No!
To Hell with economic rationale! You enjoy having your money taken? Money the government is taking that's not theirs to start with. Members of the House and Senate that cannot get along. Tell me this what has the government done for you lately other than put a strain on your wallet? You think they care if (*)(*)(*)(*) goes up and your paycheck gets smaller? Hell no they don't care they are living off our tax money. If the Founders of the US could see what a mockery has been made of the current system they would shut the whole (*)(*)(*)(*) thing down!
Truth hurts huh...being rational is one thing doing at the expense of the people is irrational and stupid.
Just like to throw this out there: My taxes have gone up 11% since 2013 has started. Didn't the Dems say that my taxes wouldn't go up? I am confused... They told me...
Yes, it is really increasing the tax base, because instead only taxing various types of income, under certain circumstances, all transactions have a small tax attached to them. The amount of money associated with all transactions exceeds that associated with various types of income under certain circumstances. It's very simple to understand. This is nonsense. When the government spends money to purchase a F16 fighter jet, the worker who helped build that plan now has money to spend. His money spends just like money that other people make. He buys the goods and services that make up GDP. Not only that, when the government spends money to build roads, workers get paid and spend that money that the government spent. AND various businesses benefit from the use of those roads. What you are putting forward is nonsense. I could start a whole thread on that first statement. But I'm going to leave that aside on deal with it like this. Here's a serious analysis: Congressional Budget Office Estimated Impact of ARRA Purchases of Goods and Services by the Federal Government ------------------------------------Multiplier Estimate Range -----------------0.5 to 2.5 Transfer Payments to State and Local Governments for Infrastructure --------------------------Multiplier Estimate Range-------------------0.4 to 2.2 Transfer Payments to State and Local Governments for Other Purposes-----------------------Multiplier Estimate Range-------------------0.4 to 1.8 Transfer Payments to Individuals---------------------------------Multiplier Estimate Range ------------------0.4 to 2.1 One-Time Payments to Retirees---------------------------------Multiplier Estimate Range ------------------0.2 to 1.0 Two-Year Tax Cuts for Lower- and Middle-Income People ---------------------------------------Multiplier Estimate Range ------------------0.3 to 1.5 One-Year Tax Cut for Higher- Income People--------------------------------------------------------Multiplier Estimate Range ------------------0.1 to 0.6 Extension of First-Time Homebuyer Credit---------------------------------------------------Multiplier Estimate Range ------------------0.2 to 0.8 The point is that multipliers are not static, as you would lead us to believe, they vary according to time and circumstances. Therefore a serious discussion should state ranges as the above.
An electronic transaction tax would drastically reduce the government's intrusion into people's lives by eliminating its need to scrutinize personal and corporate income. It would raise plenty of money and get the nation out of debt, how that is a bad idea I don't know. The largest increase in tax payments would come from trades in the equity commodity and financial markets, which contribute far less to the economy than the volume of their transactions by sucking up vast amounts of wealth while contributing little to economic growth outside their little circle. In essence an electronic transaction tax would transfer some of the tax burden to the least effective sector of the economy and away from sectors that generate wider economic activity.
