Originally posted by midnight Target
A flat tax puts a significantly harder hit on people with a lower income. A national sales tax would be detrimental to the economy as it would by definition be inflationary. (raising prices without raising value).
I have to disagree
If a flat tax was based on the level of the lowest tax payers they would not pay more. Sure they wouldn't pay less, but it would be a fair system. This is the main reason I don't support it, I know realisticly that not enough Democrats in congress would ever vote for this to pass it into law, a real shame too.
A national sales tax would increase prices without increasing value, you are correct sir. But what you're not taking into account is all the extra money people would have from not paying an income tax. This would be a
HUGE[/i][/u] ammount of cash money, about $5,000 to $7,000 each year for me alone. In my dad's case he would save about $40,000 a year!!!!!! and he is by no means a rich man, though he would be alot closer if the government didn't rape him each year. With that money my dad would invest and earn much more than that, which would mean more money to spend.
People would spend more if they have more, that's a truth proven by history and common knowledge (ie. the old saying "the more you make the more you spend) You'd have whole segments of our population who don't pay taxes having to pay, ie the drug dealers, people who get alot of cash tips, people who don't pay income tax (weazel). The coffers would increase (ok that part is hypothisis but it seems pretty common sensicle to me)
But you know beyond that, I wouldn't mind paying income tax if they would just spend the money wisely.
-- Payroll tax rebates for those who do not pay income tax and therefore did not receive a check last year. [/i]
What the hell is that? We're at war and Dashel comes out with pure bread wealth distrobution? The economy is in reccession and needs some relief from the government and this is what he comes up with? How about not giving people who didn't pay taxes a rebate and giving it to the people who actually earned it? Why is that such and evil concept? I'm not trying to be sarcastic either. I know both sides play political games, but to be honest I don't see any republicans doing this right now. I'm not saying they aren't I'm just saying I haven't seen it. We need tax relief now, not in 2 or 3 or 5 or 5 years like the "tax cut" they past last year, but on our next paychecks. I had to stop putting into my 401k because I need money and I didn't get a raise this year (yet hopefuly) because of the slow economy. That hurts me in the long run.
Look at history, Kenedy proved it in the 60's, Raygun
proved it in the 80's. If you lower tax burdon, tax revenues
will go up. Call it trickle down, call it Reaganomics, call it what ever you want the fact remains that it works, and has been proven in history. AHHHHHHHHHHHHHHHHHHHHH ARRRRRRRRGGGGGGGGGGG I'm forgetting about pork barrel legislation, never mind it will never work. Our government has no self control
