View Poll Results: Which do you prefer:

Voters
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  • Income tax - no changes in the status quo

    39 19.80%
  • Flat tax - Everyone pays the same %

    67 34.01%
  • National sales tax - don't spend, you don't pay taxes

    47 23.86%
  • No tax - Unconstitutional - rely on private donations

    10 5.08%
  • Other - explain

    21 10.66%
  • Cookies!

    13 6.60%
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Thread: Income tax; Flat tax; National Sales tax; No tax

  1. #31
    blond bombshell

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    Re: Income tax; Flat tax; National Sales tax; No tax

    America seems withdrawn from from taxing the very rich.I dont know why At least in something like the estate tax is perfect.
    The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking.

  2. #32
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by AlbqOwl View Post
    I believe an honestly applied flat tax that everybody from the poorest to the richest has to pay would be the least regressive and the most advantageous to the nation's prosperity.
    You'd have to peg that tax at no more than 1 or 2%, if you expect the "poorest" to be able to pay it and not starve.

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  3. #33
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    Re: Income tax; Flat tax; National Sales tax; No tax

    I screwed up my vote (damn red pointer thing!!). As much as I like a flat tax, it's inpractical. I'm in favor of a moderate progressive tax. However, our current tax system is a total mess. When there's an industry devoted to helping people understand a code longer than the Lord of the Rings, there's an issue. It's the government trying to micromanage the economy, which doesn't work.
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  4. #34
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by mikhail View Post
    America seems withdrawn from from taxing the very rich.I dont know why At least in something like the estate tax is perfect.

    Far from perfect. There are people who own family farms: large acreage and expensive machinery, yet have little cash and a modest income. They are "land rich and cash poor".

    Sometimes they get hit with the estate tax, because of the theoretical value of the land, house, combine, etc. When they do, Junior loses the farm because he can't pay half a million dollars... Daddy had ten grand in the bank when he died and fifty-k in debts.

    I could never support a tax that did things like that.

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  5. #35
    blond bombshell

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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Goshin View Post
    Far from perfect. There are people who own family farms: large acreage and expensive machinery, yet have little cash and a modest income. They are "land rich and cash poor".

    Sometimes they get hit with the estate tax, because of the theoretical value of the land, house, combine, etc. When they do, Junior loses the farm because he can't pay half a million dollars... Daddy had ten grand in the bank when he died and fifty-k in debts.

    I could never support a tax that did things like that.
    So what the farm is obvously unprofitable through a result of farm subsides
    The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking.

  6. #36
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Kandahar View Post
    There needs to be an option for "income tax, with modifications." I support an income tax that, generally speaking, is higher and more progressive than what we currently have. I would eliminate most deductions, leaving only education, health, and charity deductions. I would tax a person's ENTIRE compensation (including medical benefits) as regular income.

    And while we're at it, we should get rid of all corporate taxes and tariffs, tax capital gains as normal income, eliminate most general sales taxes, and increase the gasoline tax.
    Basically this, though I would rather have a lower income tax rate coupled with increased use taxes on more things than just gasoline. If the thing you're purchasing results in society having to pay more in the long run, then you should pay for that, whether it's gas, cigarettes, or soda.
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  7. #37
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Warspite View Post
    I favor a progressive income tax - although with more tax brackets than we have now and the upper brackets paying more than they do currently.
    How much higher?
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  8. #38
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Goshin View Post
    You'd have to peg that tax at no more than 1 or 2%, if you expect the "poorest" to be able to pay it and not starve.
    The percentage wouldn't matter. If it was 10% the guy making a hundred dollars pays $10. He wouldn't like giving up the $10 but he would have $90 left and it would not be extremely painful to give up the $10. But he would have a stake in the system and he would care whether his elected representatives raised taxes because now they would affect him too. Right now we have almost 50% of working Americans who pay little or no federal income taxes at all. No government will be a good government when that situation exists.

    But while the guy making $100 pays $10, the guy making a $1,000 pays $100 and the guy making a million pays $100,000. Nobody is punished for being industrious and prosperous and nobody is able to benefit from a tax policy arranged to insure that politicians stay in Congress for perpetuity. And without ability to raise our taxes without angering all their contituency, that would be powerful incentive for politicians to use fiscal restraint and spend money on only that they have to spend money on.

    A sales tax is regressive however unless the poorest are exempt from paying it, and to determine who is poor and who isn't or what products would be exempt and what isn't would not simplify the system in the least nor the bureaucracy necessary to administer it or ability of Congress to tinker with the system so that they could continue to use our money to buy our votes.
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  9. #39
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    Re: Income tax; Flat tax; National Sales tax; No tax

    I am bordering on a combination of a flat tax and national sales tax. As long as everyone is paying the same percentage of sales taxes on the stuff they then it would be a flat a tax. I think doing taxes this way would be a sure way to make sure that no one is discriminated against based on income earned.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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  10. #40
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by RightinNYC View Post
    Basically this, though I would rather have a lower income tax rate coupled with increased use taxes on more things than just gasoline. If the thing you're purchasing results in society having to pay more in the long run, then you should pay for that, whether it's gas, cigarettes, or soda.
    I agree with that last part. Soda is another thing I would tax (I didn't mention it above because I'm skeptical if it would really generate a significant amount of revenue for the government). I think cigarettes are already taxed enough to compensate for the costs to society, so I probably wouldn't change those too much.

    Another thing with societal costs which we should consider taxing is day-trading. A so-called "Tobin Tax" on excessive speculation might be a good idea, to prevent sudden price swings in currencies/commodities/stocks/whatever with no obvious cause. Gordon Brown floated the idea at the G20 summit a couple months ago, but the US delegation shot it down.
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