OK..I can see it now. FWIW - My thought has been for a while that we rework the tax code so that there are no deductions...at all..none.
Its simple...how much money did you make, regardless of where it came from, from January 1 to Dec 31? Ok, you owe us this much. Of, course, there would be a progressive scale there as well. That would likely put a lot of people out of business, though. On Wed, Mar 7, 2012 at 2:24 PM, Larry C. Lyons <[email protected]> wrote: > > OK lets see how bad of a hash I can make of this. A sales tax hits > lower income people far more than those who make more, as a percentage > of income. > > 10% of a grocery bill of $100 is less of a hit to someone making > $100,000 a year than someone making $20,000. > > Its still a hit but a much greater hit for the person making $20,000. > > On Wed, Mar 7, 2012 at 12:49 PM, Scott Stroz <[email protected]> wrote: >> >> First, let me say, I am not advocating a 'flat tax' . These are >> legitimate questions (not trolling). I really don't understand (and >> want to) >> >> How would it 'hit the poor far more than any other group'? >> >> How would they (the poor) be paying for 'the rich or upper class >> indulgences'? If the rich purchase 'indulgences' wouldn't that benefit >> everyone - more money spent = more tax revenue, would it not? >> >> Again...not trying to be a shit stirrer (this time). I really just >> don't understand how this would be considered a 'poor tax'. >> >> On Tue, Mar 6, 2012 at 6:57 PM, Larry C. Lyons <[email protected]> wrote: >>> >>> the issue of the flat tax (which is what this is in sheep's clothing), it >>> that it is retrogressive, it hits the poor far more than any other group. >>> Why should they pay for the rich or upper class indulgences? Frankly all >>> the proposal I've seen on this could only be classified as a Poor Tax. >>> >>> On Tuesday, March 6, 2012, Judah McAuley <[email protected]> wrote: >>>> >>>> On Tue, Mar 6, 2012 at 3:48 PM, Jerry Barnes <[email protected]> wrote: >>>>> >>>>> "The solution isn't to just raise taxes. It's to also put rules in place >>> to >>>>> safe-guard and penalize against hiding your money to avoid paying the >>>>> taxes." >>>>> >>>>> Or ditch the monstrosity that is the progressive income tax and move to a >>>>> national sales tax. >>>> >>>> I can certainly get behind reforming the tax code to steamline it and >>>> remove most (if not all) of the specialized deductions that keep >>>> adding entropy to the system. I certainly can't agree on the wisdom of >>>> switching from a progressive income tax to a national sales tax >>>> though. A progressive income tax is still, philosophically, the right >>>> way to go in my opinion. Obviously its current implementation leaves >>>> something to be desired. >>>> >>>> Judah >>>> >>>> >>> >>> >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:348181 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
