2007-01-02 02:40:16 · 13 answers · asked by Anonymous in Politics & Government ➔ Government
It would be regressive: increase taxes on the poor (those currently in the 15% tax bracket) and lower taxes for the rich (those in the upper brackets, especially the 35% upper echelon). No, it's not a good idea, and it keeps being bandied about, but every time it's been seriously considered, and the numbers are crunched, it doesn't work. It's an idea that was worth considering, couldn't work, and it's time to move on. If people want increased tax revenues, they need to re-increase capital gains taxes, close loopholes in corporate taxation and take another look at the estate tax.
2007-01-02 02:46:35 · answer #1 · answered by Angry Daisy 4 · 0⤊ 0⤋
The only constitutionally legal method of taxing people today is with a VAT (value added tax) or a national sales tax. Direct taxation on wages of citizens working within the 49 states is and always has been unconstitutional. The way the Congress gets away with it is by a clever convoluted scheme whereby the tax is considered "voluntary." (In D.C. congress does have the authority to tax).
2007-01-02 03:01:58 · answer #2 · answered by Gunny T 6 · 0⤊ 0⤋
I assume you mean a flat tax. Very good idea. Either that or a national sales tax. That way, everyone would pay their fair share and there wouldn't be any loopholes - until some Republicans decided to write some for their rich buddies. The idea has been kicked around for years and that's as far as its gotten. And, it will never get any further.
2007-01-02 03:50:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A flat tax would sure simplify the tax system. It could make one's return form the size of a post card. But it would not lend itself to fiddling by politicians, so it's unlikely to ever be adopted.
A sales tax and no income tax is also a possibility. My scheme would be to legalize and tax drugs, and put all the DEA agents in charge of enforcing the sales tax.
2007-01-02 02:51:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It is designed to take the load off of those that are trying to make money through working. The income tax system steals your money before you have a chance to do anything good with it (savings, pay off debt, etc) whereas a flat tax penalizes those that overconsume (buying a bugatti instead of a Taurus) If you have money for luxuries, you have money for flat taxes.
I like it because personally, I love my savings account, and any chance that I get to keep my whole pay check I would grab and save as much as possible.
2007-01-02 02:45:57 · answer #5 · answered by Brian I 3 · 0⤊ 0⤋
GREAT idea! Just eliminating the I R S is a good enough reason for me.We probably can't imagine the dominating power that the IRS has.All the year end BS would be no more.I would also like to see all the people who don't pay taxes, now,pay their fair share.Like the pimps and the drug dealers and the whole underground economy would now have to share in our burden.SWEET,HUH?
2007-01-02 02:53:12 · answer #6 · answered by Anonymous · 1⤊ 0⤋
It might be a good idea - everyone (or almost everyone) would have a stake in tax policy.
If fewer than half of the voters are paying taxes, the majority will just soak the minority. It's not fair.
There's also a "Fair tax" proposal. Very interesting - do a search!
2007-01-02 02:46:41 · answer #7 · answered by American citizen and taxpayer 7 · 0⤊ 0⤋
Why tax only flax? It seems like a limited way of taxation.
2007-01-02 02:58:43 · answer #8 · answered by MaryCheneysAccessory 6 · 0⤊ 0⤋
Absolutely... It is a simple filing system and the tax rate is 17%.. people will pay less in taxes and a lot of bureaucrats will be out of business. The politicians don't like it, it would keep them out of our pockets ....
2007-01-02 02:52:05 · answer #9 · answered by bereal1 6 · 0⤊ 0⤋
Flax is generally used as a laxative so I think if you tax it, you would be unfairly targeting the constipated masses of our society.
2007-01-02 02:47:45 · answer #10 · answered by paloma 3 · 0⤊ 0⤋