There is one other attractive feature. This tax will be entirely on the fiat money system. If you use money you will pay tax and will support the Gov. In other words the Gov will provide a service for profit just as the founders wanted. Hey, Uncle Sam, get off your butt and get a job.
maryjane wrote:
But what about the tens of millions of citizens who never have bank accounts?
Money always goes back to the bank, because it is difficult and dangerous to have large amounts of cash on hand. Businesses deposit every night. Then Banker's Tax requires pay to be made with FDIC instrument, if not then there is no record that the payment was made, so the employee could demand repayment. The employer would have to get a receipt.
Then, if the Employee wants to take the cash, then it can be assumed that it will go through several hands before it gets back to a bank, so several layers of tax are to be paid. Additionally someone has to pay for printing those dollars. So, the employee can deposit his money in an account and write checks, use cards, etc and pay 5%, or else he must pay 20% (three layers of tax, plus mint costs)
Finally barter exchanges, using Gold or services, owe taxes. Thus big corporations will not use this method of c***ting, so this barter will be used only by small individuals and will act as a stimulant for small businesses.
maryjane wrote:
But what about the tens of millions of citizens who never have bank accounts?
Boy! You are so right. That is what I'm trying to address.
Radiance3 wrote:
================
There are poor who are good, and not of their faults. I want to help them.
But all the poor suckers of the democrats are brainless useless thugs, depending only on government subsidies from hard working paying taxes. The democrats stand for handouts, consumptions of socialism and progressivism. They suckle and drain what are earned by the hardworking class of who pay taxes, those who create, ideas, invent, innovate, produce, and use their hard earned capital for businesses that create jobs for the people.
Government does not produce. It consumes what are earned by the hardworking taxpayers. That is why all socialist countries like those from Central and South America are all r**ting because their stupid dumb government system does not allow them to produce but consume until the their assets are gone.
Now, marching towards the US illegally, as hundreds of million have already broken the US laws to illegally come for handouts. Democrats like that because they use them to illegally v**e for democrats.
================ br There are poor who are good, a... (
show quote)
My tax, which I call the Banker's Tax, is limited to 5%. That is a significant reduction for most tax payers, and there is no paper work to pay for. The complaint will come from those who have saved after tax money and now have to pay a new tax. Any ideas how to deal with that?
Lonewolf wrote:
As long as it doesn't raise the taxes on the rich , if it does it will never fly.
Soon the Republicans will have given the rich 100% tax brake
A friend of mine recommends what I call 'Pay it forward taxation'. Cities would collect Sales Tax, keep some and send the rest to the County, who would keep some and pass the rest to the State, who would keep some and pass the rest to the Feds. I kind of like that.
crazylibertarian wrote:
I suggest that 100% of government revenue be raised by submitting a population proportionate bill to each states for its payment for federal services and the states raise the funds any way it desires.
Income tax loses us $1 Trillion/year. Calculation cost $600 Billion, Lost Export Orders $500 Billion, Opportunity Costs ?. Take the tax at a different point in the exchange and production cycle. Tax the withdrawal of money from the bank to make the purchase. To the bank it would be like adding Sales Tax. Result: low cost, consumption based, favors local production, exports are largely tax free, imports are fully taxed, large companies will vertically integrate and will sell direct to customer. The key is 'multiple counting' as product moves through distribution chain, so the rate can be low. 5% results in 30% (of cost of manufacture) tax take, with almost no calculation cost, collection fee, or harassment. We need a better, cheaper, fairer, more uniform, and globally competitive tax system. This is it. Thank You
Globalism is them owning US. We are the only country where we own the Government instead of the Government owning us. G*******ts want to force us into the same mold as the entire United Nations. Look at their Agenda 21. Unelected bureaucrats approve or reject your plans and efforts. I say let the Courts do this work. If someone is getting hurt, then fine stop the conduct.
Yes I agree. FYI The politicians can be debased. Congress is supposed to have two legislative powers. Those are listed in Section 7. They are 1 Raise Revenue, 2 Do all the planning and decision making. Returning to this narrow list will debase politicians because Raising Revenue is TAXES, and no politician will make a decision, so their screaming would be heard around the world. They are not supposed to be in control of spending. This change would pull down their entire world.
ACP45 wrote:
Politics is a dirty, sleazy business, and there are not many principled politicians that I respect. You assume that the two party system really gives the average v**er a choice, ... but does it? Look at what is happening in Washington right now. The Republicans have control of the Senate, the House, and the Presidency. For years, Republicans had campaigned on eliminating Obamacare. When their v**es did not count, they could muster a "NO" show v**e and said "elect us" and we will abolish Obamacare. Look what happened when they got into office.
Look at their feeble effort to reform "Healthcare". Do you really think that our elected officials do no know how to fix the problem? Of course they do. But the monied interests of the pharmaceutical, hospital, insurance, and medical groups have a vested interest in the status quo.
Bottom line, there is an entrenched bureaucracy with powerful people pulling strings behind the scene, and leaders of the Republican Party and the Democratic Party play to their tune.
I for one would like to see an end to the two party system, or at least the creation of a viable 3rd part, and eliminate all lobbyists and political contributions. Mandate free public debates. IMO, that would be an improvement over what we have now.
Politics is a dirty, sleazy business, and there ar... (
show quote)
We do have a suet filed but ....
lpnmajor wrote:
Do what everybody else does - sue them.
I'm in the Conservative Valley of Virginia. Politics is old here. An old family tried to get back in power. He got the Chairman's seat, and then found a lady to run for the Congressional seat, and only stay six years. At that time, she would have a Federal Retirement and the chairman would be ready to retire to a Congressional Job. But they didn't win. People got wind of the plan and shot them down. So, they are doing their best to destroy those who won. What should we do?
Yes. I went on four or five dates with the Russian lawyer.
Peewee wrote:
I'm sticking with Seth Rich being the hacker. Appears that he may have died at the hands of MS-13. Now two people are saying they witnessed it. One is CIA and one is FBI. This story keeps getting weirder and weirder.
I'm sorry. It is my fault. I told Trump to see if the Russians could supply the missing Emails. He did so in the next debate. My bad, so sorry.
Lonewolf wrote:
it was no joke when the next day they hacked her
I am looking foreward to it. They are so much fun.
bahmer wrote:
Hopefully with another conservative supreme court justice we can start rebuilding to the shrieks and wailing of all of the liberals that is.
Trump is good, very good, but I am afraid that when he leaves we will be right back in the same old stuff. As for Conservatives, they are not the solution. They are the ones who will require things from you. Their list is different than the L***Q's list but it is just as demanding. We must elect Constitutionalists. We must, then, mend the Constitution back to what it was supposed to be.
bahmer wrote:
I thought that we did by electing Trump as president. Now where do we go to get rid of the congressmen and senators and put them on term limits?