Re: Why not the straight 15% flat tax on all income?




"-=DirtBag©" <Dirt@xxxxxxxxx> wrote in message
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JC wrote:

"-=DirtBag©" <Dirt@xxxxxxxxx> wrote in message
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Lawyerkill wrote:
On Apr 20, 2:55?pm, "JC" <dontbot...@xxxxxxxxxxxxxxx> wrote:
"Lawyerkill" <Lawyerk...@xxxxxxx> wrote in message

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On Apr 20, 12:05 pm, "JC" <dontbot...@xxxxxxxxxxxxxxx> wrote:





"Lawyerkill" <Lawyerk...@xxxxxxx> wrote in message
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On Apr 20, 10:17 am, "JC" <dontbot...@xxxxxxxxxxxxxxx> wrote:
"Lubow" <dynamitem...@xxxxxxxxxxx> wrote in message
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On Apr 19, 6:01 pm, -=DirtBag <D...@xxxxxxxxx> wrote:
Why not the straight 15% flat tax on all income? Then levy a
value
added tax in areas that can handle them.
These present Tax Law's are too complex and too much bull*** in
them.
We need less legalese and more common sense when it comes to the
tax
code.
I would be happy to pay 15% of all earned money. It would not
hurt
me
a bit and I would likely be paying less.
Yeah, but people that are barely getting by would not do so well.
Granted, they should get their priorities in order and get the
education and skills they need in order to achieve a higher income
but
you and I know that's just not the norm.
My tax reform would be the simpliest of all. An asset tax. The
current
budget is 3 Trillion dollars. The current worth of all assets in
America is over 60 Trillion dollars. So the budget is about 5% of
the
worth of the country. So, everyone pays 5% of their asset value in
taxes. If you're own 10 thousand bucks worth of assets, you pay
500
bucks. If you own 10 Billion in assets, well you figure it out. No
exclusions, no deductions, no exemptions and no exceptions.
Everybody
pays something. And, if you get caught hiding assets, you simply
forfeit them.
What would be unfair about that?
And what if you're retired or unemployed?
Should that status grant you any special priviledge? I'm retired,
unemployed and don't even take social security or medicare. And I'll
guarantee you my asset value probably would not put me in the over
500
bucks tax bracket. But, I still use the roads and probably more
government services than most. So, why should I not be required to
pay
what I can?- Hide quoted text -
- Show quoted text -
Well you have another problem, how will they value the assets? Isn't
that the problem we are having now?

So what? Who cares? What had you rather do? Try to convince a
government agent your property is worth "X" or trying to convince him
you didn't violate some obscure paragraph in the millions inculcated
within the IRS code?- Hide quoted text -

- Show quoted text -

So what are you asking, the taxpayer values the assets? April 15 comes
around and you have a form where you list your assets, and what you
claim the value of them are? Or does the government put a value on the
assets? And how would they do it. An IRS comes around and looks at
your home, car and what ever else you have and puts a number on it?

Before you can tax an asset you have to put a value on it, how would
that be done?

Super TURBO TAX for Government use only. You will use it to buster. This
is the version for scofflaws and cheats..

Speaking of everyones favorite President. Where is Bush hiding? Remember
Clinton..? By this time he had made over $20-million in speaking
honorariums ( payoffs) Super *** is still in hiding and Bush is cutting
brush on the ranch? Both are hiding is what it looks like to me. And
they should be after the mess they made..

Bush is in China right now. It's been in the news pretty heavy.

WTF is that moron doing in China? Getting his payoffs.. Lets see the Bush
family is friends with the Saudis via the big potato George. Sr. and now
China via the little pimple G.Jr. I wonder if then are friends with Donald
Trump too? hahah

I can see it now... in 4 years you will be wishing for the good ole days of
Bush. Your new messiah is turning our country into something resembling
Progressive Facism. When that happens, you are going to wish you hadn't
given him so much power. Oh well, maybe our country will do better under
latino leadership.

DraggonFodder


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