Quote:
Originally Posted by Dragoneye
I think it's sad that our tax system takes up more pages than a full encyclopedia. All volumes included...Frankly, anything is better than what we have. The taz returns, deduct this, write off that - do you have kids? Are you married...how much do you make? (Does our current law system favor you?)
Ugh...I haven't read much into the flat tax, but I like the idea of the fair tax.
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It should definitely be simpler... go to the fair tax web site ( link thru Mike Huckebees site) put in your info see if it works for you...or against you.
Quote:
Originally Posted by Silverado
Flat tax across the board says everyone pays the same percentage. And, that's how is should be....everyone, not just those that make more than X amount, EVERYONE contributes their fair share.
Consumption Tax would work too. I used to be a huge proponent of the Flat Tax (again, assuming everyone pays), but now I'm leaning towards the Consumption Tax because it gives the people better control over their own money.
Sure, someone will point out how a Consumption Tax will create a "black market" for more things than there already is, but there are always going to be those that get around the system.
Either way, Flat Tax or Consumption Tax, it's better than what we do now.
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The consumption tax, taxes 100% of poor peoples income. ( they spend it all to exist) and
can only tax the richest peoples income by a small percent, if they do not buy yachts and houses every year...
Flat tax is the closest thing to fair...
my .03 cents (inflation)