Flat Tax comeback ? what do you think ?
Comments
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Nice. No sarcasm.BS44325 said:
The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.rgambs said:Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
What about the fact that a consumption tax hits lower income families exponentially harder?Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG0 -
A consumption with some sort of flat tax is considered to be a very conservative position. Are you surprised that I support it?callen said:
Nice. No sarcasm.BS44325 said:
The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.rgambs said:Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
What about the fact that a consumption tax hits lower income families exponentially harder?Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....0 -
I debate subjects not personalities.BS44325 said:
A consumption with some sort of flat tax is considered to be a very conservative position. Are you surprised that I support it?callen said:
Nice. No sarcasm.BS44325 said:
The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.rgambs said:Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
What about the fact that a consumption tax hits lower income families exponentially harder?Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG0 -
Agreedcallen said:
Nice. No sarcasm.BS44325 said:
The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.rgambs said:Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
What about the fact that a consumption tax hits lower income families exponentially harder?Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....0 -
Ouch0
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I'm down with that, as long as capital investments get taxed.BS44325 said:
The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.rgambs said:Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
What about the fact that a consumption tax hits lower income families exponentially harder?Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....Monkey Driven, Call this Living?0 -
At same rate?rgambs said:
I'm down with that, as long as capital investments get taxed.BS44325 said:
The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.rgambs said:Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
What about the fact that a consumption tax hits lower income families exponentially harder?Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....0 -
I like a"essentials" clause to let those who need the easiest path to nescessities obtain them without taxation.Meds,food,toiletries,etc0
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As it is currently? Yes and no. Yes if they really collect and enforce the real rate, no if they don't eliminate all the tricks that allow so much avoidance and such a reduced rate.rr165892 said:
At same rate?rgambs said:
I'm down with that, as long as capital investments get taxed.BS44325 said:
The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.rgambs said:Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
What about the fact that a consumption tax hits lower income families exponentially harder?Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
At same rate as other consumption taxes? No, a reduced rate for investments, but we gotta find a way to elimimate rhe shady games the investors play like the credit default swaps, or else we are rewarding bad behavior.Monkey Driven, Call this Living?0 -
I'm not in favour of a flat tax. There are already substantial inequities and to me the only fair system is a progressive one (in which higher earners pay a progressively higher rate of tax with each tier of income earned). Yes, the Canadian tax system is complicated too and could likely be revamped as incremental changes over decades end up creating a pretty byzantine system. I'm likely in the minority here but I don't begrudge the taxes I pay, given the benefits I get living here in BC.my small self... like a book amongst the many on a shelf0
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before anything is done the (US)GOVERNMENT NEEDS TO LEARN TO BALLANCE A CHECK BOOK !
and use it wisely.
Godfather.0 -
How the rich get paid. Need to tax though I hate it.rr165892 said:
At same rate?rgambs said:
I'm down with that, as long as capital investments get taxed.BS44325 said:
The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.rgambs said:Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
What about the fact that a consumption tax hits lower income families exponentially harder?Last-12-Exit said:
A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.callen said:So now the details.
25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?
No didn't read article want to know what y'all think.
How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG0 -
Not just Washington.Godfather. said:before anything is done the (US)GOVERNMENT NEEDS TO LEARN TO BALLANCE A CHECK BOOK !
and use it wisely.
Godfather.
Can we eliminate Math classes like Advanced algebra 2 and trig (For those not pursuing science and engineering based paths) add in a Mandatory basic book keeping,basic investment,money/credit management class to all High school curriculums?
Young ones today have not got a clue unless the parents are on top of it.0 -
Fuckin eh! Add taxes to that! It is literally retarding our students to shove higher level math down their throat at the expense of basic life maths.rr165892 said:
Not just Washington.Godfather. said:before anything is done the (US)GOVERNMENT NEEDS TO LEARN TO BALLANCE A CHECK BOOK !
and use it wisely.
Godfather.
Can we eliminate Math classes like Advanced algebra 2 and trig (For those not pursuing science and engineering based paths) add in a Mandatory basic book keeping,basic investment,money/credit management class to all High school curriculums?
Young ones today have not got a clue unless the parents are on top of it.Monkey Driven, Call this Living?0 -
The "young ones" I see have more of a clue about taxes and general life skills than I or any of my friends did at a comparable age. In BC "Planning" is a mandatory course at the Grade 10 level and includes a large section on financial management, including taxation as well as budgeting for costs of living on your own, principles of investments, investigating the options for post-secondary education, etc. As well, there are already three streams of Math in high school here - the Pre-calculus/Calculus stream (for those university bound in the sciences or math), Foundations of Math (for those university bound in non-sciences), and Workplace Math (the sort of basic, practical math you are talking about).rr165892 said:
Not just Washington.Godfather. said:before anything is done the (US)GOVERNMENT NEEDS TO LEARN TO BALLANCE A CHECK BOOK !
and use it wisely.
Godfather.
Can we eliminate Math classes like Advanced algebra 2 and trig (For those not pursuing science and engineering based paths) add in a Mandatory basic book keeping,basic investment,money/credit management class to all High school curriculums?
Young ones today have not got a clue unless the parents are on top of it.
However, they're teenagers - not much of this will stick until they need to use it. Just like how we were as teens.
Post edited by oftenreading onmy small self... like a book amongst the many on a shelf0 -
I think the US needs to adopt a strategy like that, it sounds like it's exactly what we need.oftenreading said:
The "young ones" I see have more of a clue about taxes and general life skills than I or any of my friends did at a comparable age. In BC "Planning" is a mandatory course at the Grade 10 level and includes a large section on financial management, including taxation as well as budgeting for costs of living on your own, principles of investments, investigating the options for post-secondary education, etc. As well, there are already three streams of Math in high school here - the Pre-calculus/Calculus stream (for those university bound in the sciences or math), Foundations of Math (for those university bound in non-sciences), and Workplace Math (the sort of basic, practical math you are talking about).rr165892 said:
Not just Washington.Godfather. said:before anything is done the (US)GOVERNMENT NEEDS TO LEARN TO BALLANCE A CHECK BOOK !
and use it wisely.
Godfather.
Can we eliminate Math classes like Advanced algebra 2 and trig (For those not pursuing science and engineering based paths) add in a Mandatory basic book keeping,basic investment,money/credit management class to all High school curriculums?
Young ones today have not got a clue unless the parents are on top of it.
However, they're teenagers - not much of this will stick until they need to use it. Just like how we were as teens.Monkey Driven, Call this Living?0 -
Echoes my thoughts to a tee (T?). I rolled into basic math pretty easily from the get-go, and remember my dad going with me to the bank at I don't even remember how young I was, to open a savings account. Taught me how to track deposits, withdrawals - not to mention earning the money itself.rgambs said:
I think the US needs to adopt a strategy like that, it sounds like it's exactly what we need.oftenreading said:
The "young ones" I see have more of a clue about taxes and general life skills than I or any of my friends did at a comparable age. In BC "Planning" is a mandatory course at the Grade 10 level and includes a large section on financial management, including taxation as well as budgeting for costs of living on your own, principles of investments, investigating the options for post-secondary education, etc. As well, there are already three streams of Math in high school here - the Pre-calculus/Calculus stream (for those university bound in the sciences or math), Foundations of Math (for those university bound in non-sciences), and Workplace Math (the sort of basic, practical math you are talking about).rr165892 said:
Not just Washington.Godfather. said:before anything is done the (US)GOVERNMENT NEEDS TO LEARN TO BALLANCE A CHECK BOOK !
and use it wisely.
Godfather.
Can we eliminate Math classes like Advanced algebra 2 and trig (For those not pursuing science and engineering based paths) add in a Mandatory basic book keeping,basic investment,money/credit management class to all High school curriculums?
Young ones today have not got a clue unless the parents are on top of it.
However, they're teenagers - not much of this will stick until they need to use it. Just like how we were as teens.
Many good lessons - not to mention bonding experiences - in that time.
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Before we changed to a flat tax, my province had below average income inequality. Since it's implementation, our inequality has become the highest in the country. And our provincial taxes are only a portion of our total tax burden. If it was a national flat tax, I'm sure the chasm would be even more pronounced.
For the most part, the middle class carried the cost of tax breaks for the rich (surprise surprise), but government revenue still decreased.
General rule of thumb - if a politician is supporting any change to tax structures, you better dig a lot deeper than their word. We know they are beholden to people in higher tax brackets than most of us.0 -
When someone brings up income inequality I never know whether they are advocating for poor people to earn more or rich people to earn less. The term really make no sense and is really just used to mask marxist redistributive intent. The government's goal shouldn't be to make incomes more equal but instead to just help lower income people earn more. That should be the purpose of tax policy. Making rich people earn less helps no one and redistributing wealth might fund social programs but it will certainly not increase anyone's income. You can't hit job creators and then expect them to create better paying jobs. You also can't have a liberal immigration policy without causing a decrease in wages at the low end of the scale...basic supply and demand.0
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Calling me a commie now? lol...and promoting trickle down economics. so oldschool, and so wrong.BS44325 said:When someone brings up income inequality I never know whether they are advocating for poor people to earn more or rich people to earn less. The term really make no sense and is really just used to mask marxist redistributive intent. The government's goal shouldn't be to make incomes more equal but instead to just help lower income people earn more. That should be the purpose of tax policy. Making rich people earn less helps no one and redistributing wealth might fund social programs but it will certainly not increase anyone's income. You can't hit job creators and then expect them to create better paying jobs.
So let me guess....you're going to just make more wealth appear out of thin air in order to 'help lower income people earn more'? There is a finite amount of wealth in the world - there has to be redistribution for the poor's situation to improve. Yes, central banks create wealth from nothing....but since that has begun in earnest, inequality has spiked. If you don't recognize that the middle class has been decimated over the past few decades, and the top of the pyramid has gotten fat on their backs, with the poorest left in the cold, then I guess you don't know how to read a simple graph....or maybe you dismiss them with tinfoil comments. That wouldnt' surprise me either.
Genuinely confused by this. You're saying that because people come to wealthy nations as poor immigrants, they should have to stay that way?BS44325 said:
You also can't have a liberal immigration policy without causing a decrease in wages at the low end of the scale...basic supply and demand.
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