Would you rather pay 1 income tax every year, and of course it would be higher, or would you like to keep the current system, sales taxes, income tax, property tax, etc..etc...?
ie would you rather pay 40% income tax only,
or 35% income, plus 10% sales tax, plus property taxes, plus all the others?
A single tax, no loop holes, no deductions, etc.... Same for every one no matter what and no way to get around it.
It could be a percentage of income across the board regardless of income level. Say 10 - 15% for everyone. What ever it needed to be.
It could be a national and state sales tax. The more you make, the more you buy, the more you pay in taxes.
Do away with corporate taxes. Businesses do not pay taxes. It is passed on to the end user of their products or services.
End inheritance (death) taxes and gift taxes. The taxes have already been paid. This is double, triple taxation.
End taxes on used products. Another double taxation.
End SS tax. It's a worthless and crooked system.
End welfare except for strict, truly needed circumstances. No more money for having babies and sitting on your ass.
End annual personal property taxes. How many times must someone pay taxes on a piece of personal property they own? A one time sales tax should be all that is paid on purchased property.
The list could go on forever.
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I would say that we are bordering on a more 'federal' system of revenue in the above example. I agree....there should be 1 tax, of a fixed rate, for all citizens regardless of income level. IT would replace all currently existing state, local, municipal and federal taxes...tax corporate gains as income....all state money to trickle down from the federal government (based on population) to fund state projects which will necessarily be scaled back as well, to make best use of the source of state revenue, federal tax dollars (I guess we can throw 'em a bone and say they can keep the money from traffic tickets...cripes can you imagine the enforcement on that ???!!!). If every american was taxed a flat rate of say, 25%, without deductions or loopholes, most folks would end up keeping more of their hard-earned dollars, states and the federal gov't would waste less of it and learn frugality, and everyone would have 'skin' in the game. Say goodbye to IRS (or at least, the current bloated version of it) and all those tax accountants could look for work.
But would this make us more competitive in the world ? Our wealth as a nation is tied to manufacturing, trade, and investment in these industries.....
Hey sal, you need to go back and read the constitution and the federalist papers. You don't seem to understand why there is a federal government and why we have state governments.
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Well....1 tax would be easier to keep track of....but I don't personally think it matters much :
1: all taxes are subject to review and increase
2: I do not believe the federal government can reserve all taxation powers to exclude
the states from taxing their residents
The question was "Would you rather...." Well, if I had my druthers, there'd be no taxes...but I do not live in the 'Occupy Wall Street' universe....
I would NOT give the fed any more power or control over the states or more money- they have to much aleady.
I am for simplifying all taxes.
The less taxes the better, no taxes would be nice but thats not going to happen.
The more free spending(wastfull) socialist liberal nannystate dems that are elected the worse the problem is & it gets.( and those that vote for & support then- Salu)
Quote:
A single tax, no loop holes, no deductions, etc.... Same for every one no matter what and no way to get around it.
It could be a percentage of income across the board regardless of income level. Say 10 - 15% for everyone. What ever it needed to be.
It could be a national and state sales tax. The more you make, the more you buy, the more you pay in taxes.
On all goods & services?
As long as all the other taxes are done away with that exist- This sounds good to me.
Would the state& the fed both get 10-15 % then? For a tottal of 20-30%? 30 seems a bit high but with other taxes eliminated- property state & fed fuel tax etc etc seems good too me. With some variables involed like state tax rates i assume.
Because I do like the current part of that -you dont like a states taxes- move- they would be setting there own rates id assume so that wouldnt change.
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I would like to see a sales tax. This way, as has been mentioned, there is no getting around it. Too bad it will never happen. The current system enables congress to choose who benefits, a power they will never give up.
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A single tax is tempting for its' simplicity but I honestly don't want to give the fed any more power than they already have. You have more control over state taxes than you do the fed and even greater control over local (county/city) taxes. Sometimes it's better to have taxes that you can more easily vote to stop at a local level.
Bergall is right about the fed not being able to exclude states from taxing residents. I agree with BigBulls that SS is poorly run and has a lot of problems but wouldn't simply discontinue it. SSI rules need to be upgraded so that it it takes care of the people who pay in and are US citizens. SSI funds need to be protected and safeguarded, not spent by congress and Presidents who aren't responsible enough to take care of our citizens who pay the bills.
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Location: On an Island in the west coast of New England
Posts: 13,133
I would of course rather pay 1 Low tax rather than what is happening now. I happen to live in a state where we are taxed to death and are neighbors with a state that doesn't have state tax or sales tax (NH). Lots of people who have a fair amount of money are bailing out of this state for the reason of saving on taxes. Many live for 6 months and a day each year in a no tax state to beat the system. Shrink the government by half or more and charge every working person a low flat tax without deductions like 5-10%. If every worker paid that and the governemnt cut way back on spending my bet is that life would be certainly cheaper for many.
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Too busy with fishing to spend much time here.
So that means i want 2 taxes (at least) state *& federal- for the reasons i stated above.
And im not willing to pay more fed taxes for those unwilling to move or change there high tax laws in there own states.
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Let others praise ancient times; I am glad I was born in these.-- Ovid (43 B.C.-A.D. 18)
Things ain't what they used to be and probably never was. ~Will Rogers
Tomorrow hopes we have learned something from yesterday.
"Shouldn't someone tag Mr. Kennedy's 'bold new imaginative program' with its proper age?" "Under the tousled boyish haircut it is still old Karl Marx—first launched a century ago.
There is nothing new in the idea of a government being Big Brother to us all. R.Reagan-1960
1 income tax, or many taxes?
