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So What Do You Think About Republican's "Idea" On A Flat Sales Tax Tax System?
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Jan 27, 2023 14:42:24   #
woodguru
 
Anyone using their brains understands this is a severely half baked idea that was pulled out of a few whack job's butts...do you "think" anyone sponsoring this thing ever took even a few days to crunch the numbers for any shred of viability?

The details would be even funnier than the broad concept, which is a joke. Gee, what do you think would happen with caps that would affect wealthy people?
...Vehicles taxed up to $75k, anything more would be unfair to wealthy people
...Home mortgages up to say $750k, anything over that would punish wealthy people

Reply
Jan 27, 2023 14:55:00   #
Salvatore
 
I think it might have been Forbes about 20 years ago that wanted 1% tax on everything we buy! Haven't heard of this New Flat Tax System!

Reply
Jan 27, 2023 14:57:42   #
JR-57 Loc: South Carolina
 
woodguru wrote:
Anyone using their brains understands this is a severely half baked idea that was pulled out of a few whack job's butts...do you "think" anyone sponsoring this thing ever took even a few days to crunch the numbers for any shred of viability?

The details would be even funnier than the broad concept, which is a joke. Gee, what do you think would happen with caps that would affect wealthy people?
...Vehicles taxed up to $75k, anything more would be unfair to wealthy people
...Home mortgages up to say $750k, anything over that would punish wealthy people
Anyone using their brains understands this is a se... (show quote)

I think a flat tax on income is more appropriate. Everyone pays the same percentage rate. What’s more fair than that?

Reply
 
 
Jan 27, 2023 15:01:02   #
woodguru
 
Salvatore wrote:
I think it might have been Forbes about 20 years ago that wanted 1% tax on everything we buy! Haven't heard of this New Flat Tax System!


A few republicans had signed on to it, but one withdrew and said his name got on it by mistake. McCarthy said he did not support it, it was one of the things he had to agree to put up for a vote...it's dead before it goes anywhere.

It is a pipe dream, all tax revenues to come from this 30% tax on sales goods, do away with the IRS...

Reply
Jan 27, 2023 15:01:06   #
LogicallyRight Loc: Chicago
 
woodguru wrote:
Anyone using their brains understands this is a severely half baked idea that was pulled out of a few whack job's butts...do you "think" anyone sponsoring this thing ever took even a few days to crunch the numbers for any shred of viability?

The details would be even funnier than the broad concept, which is a joke. Gee, what do you think would happen with caps that would affect wealthy people?
...Vehicles taxed up to $75k, anything more would be unfair to wealthy people
...Home mortgages up to say $750k, anything over that would punish wealthy people
Anyone using their brains understands this is a se... (show quote)


***severely half baked idea that was pulled out of a few whack job's butts...do you "think" anyone sponsoring this thing ever took even a few days to crunch the numbers for any shred of viability?
>>>Sort of like your half baked attack against the idea that was pulled out of your ass.

Reply
Jan 27, 2023 15:06:37   #
RandyBrian Loc: Texas
 
woodguru wrote:
Anyone using their brains understands this is a severely half baked idea that was pulled out of a few whack job's butts...do you "think" anyone sponsoring this thing ever took even a few days to crunch the numbers for any shred of viability?

The details would be even funnier than the broad concept, which is a joke. Gee, what do you think would happen with caps that would affect wealthy people?
...Vehicles taxed up to $75k, anything more would be unfair to wealthy people
...Home mortgages up to say $750k, anything over that would punish wealthy people
Anyone using their brains understands this is a se... (show quote)


You are blithering again, as well as being flat out WRONG! I first heard about this idea in the 80's, so it has been around at least that long. You have no understanding of this proposal, just as you have no understanding of the absolutely fair idea of a flat tax rate that has NO LOOPHOLES whatsoever.

Reply
Jan 27, 2023 15:06:39   #
woodguru
 
JR-57 wrote:
I think a flat tax on income is more appropriate. Everyone pays the same percentage rate. What’s more fair than that?


I've always thought a flat tax is workable, and there is nothing wrong with a zero to light end for people with substandard incomes, moderate levels for decent incomes to solid such as a few hundred thousand dollars, going up gradually to where someone such as hedge fund managers making hundreds of millions to billions paying a full and hefty load. In the first place those managing investment and retirement funds should not be making billions of dollars, it isn't their money and they are not doing anything to earn it.

Reply
 
 
Jan 27, 2023 15:12:57   #
JR-57 Loc: South Carolina
 
woodguru wrote:
I've always thought a flat tax is workable, and there is nothing wrong with a zero to light end for people with substandard incomes, moderate levels for decent incomes to solid such as a few hundred thousand dollars, going up gradually to where someone such as hedge fund managers making hundreds of millions to billions paying a full and hefty load. In the first place those managing investment and retirement funds should not be making billions of dollars, it isn't their money and they are not doing anything to earn it.
I've always thought a flat tax is workable, and th... (show quote)

I disagree. A flat tax across the board regardless of income level. Everyone has some skin in the game and pays “their fair share”. You just can’t get away from the redistribution of wealth, can you.

Reply
Jan 27, 2023 15:56:36   #
American Vet
 
JR-57 wrote:
I disagree. A flat tax across the board regardless of income level. Everyone has some skin in the game and pays “their fair share”. You just can’t get away from the redistribution of wealth, can you.


👍👍👍👍👍👍👍

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Jan 27, 2023 16:14:10   #
Parky60 Loc: People's Republic of Illinois
 
woodguru wrote:
Anyone using their brains understands this is a severely half baked idea that was pulled out of a few whack job's butts...do you "think" anyone sponsoring this thing ever took even a few days to crunch the numbers for any shred of viability?

The details would be even funnier than the broad concept, which is a joke. Gee, what do you think would happen with caps that would affect wealthy people?
...Vehicles taxed up to $75k, anything more would be unfair to wealthy people
...Home mortgages up to say $750k, anything over that would punish wealthy people
Anyone using their brains understands this is a se... (show quote)

As usual, you don’t have a clue what you're talking about other than just regurgitating the usual Democrat talking points. I’ve been following this for almost 20 years so I know what I’m talking about so to illustrate the savings to the average middle class family, please see below. Of course, you’ll never be able to see the advantages of this because I learned long ago that none of you understand concepts. Enjoy… hope your mind doesn’t glaze over too much. In this case, it would save the average middle class family of four almost $15 thousand a year.

If you weren't such a leftist ideologue, maybe you would realize that the fair tax is something good for the American people. And if you don't agree, provide me some cogent reasons why you don't think so instead of your usual spiteful bullshit that to you, everything is stupid.



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Jan 27, 2023 17:32:38   #
Milosia2 Loc: Cleveland Ohio
 
Salvatore wrote:
I think it might have been Forbes about 20 years ago that wanted 1% tax on everything we buy! Haven't heard of this New Flat Tax System!


Those who make the most should pay the most . Period.
No Quarter.

Whatever billionaire pays the least is what we should all be paying.

Reply
 
 
Jan 27, 2023 17:35:57   #
Milosia2 Loc: Cleveland Ohio
 
woodguru wrote:
I've always thought a flat tax is workable, and there is nothing wrong with a zero to light end for people with substandard incomes, moderate levels for decent incomes to solid such as a few hundred thousand dollars, going up gradually to where someone such as hedge fund managers making hundreds of millions to billions paying a full and hefty load. In the first place those managing investment and retirement funds should not be making billions of dollars, it isn't their money and they are not doing anything to earn it.
I've always thought a flat tax is workable, and th... (show quote)



One millionth of one cent tax on all transactions. For Hedgefunders .


Reply
Jan 27, 2023 18:06:13   #
American Vet
 
Milosia2 wrote:
Those who make the most should pay the most . Period.
No Quarter..


Typical for a socialist - opposed to the concept that all people should be treated equally.

Take money from people who work and give it to deadbeats such as yourself.

Doggy

Reply
Jan 27, 2023 18:24:16   #
JR-57 Loc: South Carolina
 
Milosia2 wrote:
Those who make the most should pay the most . Period.
No Quarter.

Whatever billionaire pays the least is what we should all be paying.

In a flat tax, whoever makes the most pays the most. I’m glad you agree with a flat tax.
You couldn’t afford what a billionaire pays now under our current tax structure. Flat tax is the way to go.

Reply
Jan 27, 2023 18:35:20   #
Rose42
 
Milosia2 wrote:
Those who make the most should pay the most . Period.
No Quarter.

Whatever billionaire pays the least is what we should all be paying.


Well silly, with a flat tax they would be paying the most. The answer to our money problems isn’t get more money from the rich. Thats democrat propaganda.

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