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10-05-2009, 05:00 PM
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CC Member
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Join Date: Feb 2006
Cobra Make, Engine:
Posts: 4,926
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Not Ranked
I would gladly pay 10% of my income as tax. I would also like to see a system with NO income tax, but a "Value-Added" tax (VAT) on ALL purchases.
__________________
Of course it's REAL! You are NOT imagining it!
We don't want a bigger government; We want a government that does a few BIG things, and does them right.
If you think that you can cut it, if you think you got the time, they'll only give you one chance, better get it right first time. 'Cause in this game you're playin, if you lose you got to pay. And if you make just ONE wrong move, you'll get BLOWN AWAY!
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10-05-2009, 08:34 PM
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CC Member
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Join Date: Feb 2008
Location: Jacksonville,
FL
Cobra Make, Engine: Kirkham #570 w Shelby FE
Posts: 1,009
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Not Ranked
Quote:
Originally Posted by Sharroll Celby
I would gladly pay 10% of my income as tax. I would also like to see a system with NO income tax, but a "Value-Added" tax (VAT) on ALL purchases.
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Seems like a good idea except for one thing... Incentive.
If the tax system is comprised of sales tax only, the government's incentive is to foster consumer spending. (bad idea)
A flat income tax (and only income tax, no business taxes or the endless "fees") would give the government incentive to increase earning. No more hiding taxes in product prices.
Things like wars would have to be paid for with voter approved "special taxes" that are revoked at the end of the conflict. No voter approval, no war. No results, we pull your funding.
Any person in public service found guilty of corruption, death penalty. |
10-07-2009, 03:23 AM
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CC Member
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Join Date: Sep 2008
Location: Austin,
TX
Cobra Make, Engine: ERA FIA, 351W
Posts: 765
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Not Ranked
Quote:
Originally Posted by Ronbo
Seems like a good idea except for one thing... Incentive.
If the tax system is comprised of sales tax only, the government's incentive is to foster consumer spending. (bad idea)
A flat income tax (and only income tax, no business taxes or the endless "fees") would give the government incentive to increase earning. No more hiding taxes in product prices.
Things like wars would have to be paid for with voter approved "special taxes" that are revoked at the end of the conflict. No voter approval, no war. No results, we pull your funding.
Any person in public service found guilty of corruption, death penalty.
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A sales tax system is still better than a flat income tax because the amount of tax people pay is theoretically their choice, i.e. they could chose to reduce consumer spending - that is not bad at all. In addition, for those how complain about government overspending, a sales tax would theoretically solve that problem also: there would be no ability to steal money from the citizens to pay for their boondoogles.
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10-06-2009, 08:19 AM
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CC Member
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Join Date: Sep 2008
Cobra Make, Engine:
Posts: 1,120
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Not Ranked
Quote:
Originally Posted by Sharroll Celby
I would gladly pay 10% of my income as tax. I would also like to see a system with NO income tax, but a "Value-Added" tax (VAT) on ALL purchases.
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Whatever tax method used for collection, fails, unless real spending is actually reduced. And "BIG Government" always requires more and more spending. |
10-07-2009, 03:20 AM
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CC Member
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Join Date: Sep 2008
Location: Austin,
TX
Cobra Make, Engine: ERA FIA, 351W
Posts: 765
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Not Ranked
Quote:
Originally Posted by Sharroll Celby
I would gladly pay 10% of my income as tax. I would also like to see a system with NO income tax, but a "Value-Added" tax (VAT) on ALL purchases.
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I think you mean national sales tax. Value-added taxes are no good, they tax every stage of production - a real mess. |
10-07-2009, 03:43 PM
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CC Member
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Join Date: Feb 2006
Cobra Make, Engine:
Posts: 4,926
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Not Ranked
Quote:
Originally Posted by fastd
I think you mean national sales tax. Value-added taxes are no good, they tax every stage of production - a real mess.
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I think you are right!!! lol !!!
Am I correct to surmise that we all think that "the more we buy, the more we pay" is better than an income tax?
__________________
Of course it's REAL! You are NOT imagining it!
We don't want a bigger government; We want a government that does a few BIG things, and does them right.
If you think that you can cut it, if you think you got the time, they'll only give you one chance, better get it right first time. 'Cause in this game you're playin, if you lose you got to pay. And if you make just ONE wrong move, you'll get BLOWN AWAY!
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