2007-02-02 16:56:12 · 8 answers · asked by Mr. big A 1 in Politics & Government ➔ Government
Yes, we should try it.
2007-02-02 16:59:33 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The tax codes need to be streamlined but trying to replace it with a sales tax would wreck the whole economy by spurring hyperinflation. The cost of everything you buy would go up. Housing would be unaffordable for most people, it's already nearly there now. The inflation would far outstrip any savings from taxes.
Also, the sales tax is a tax on savings. Those who have money saved would have to pay taxes again on savings they have already paid income taxes on over the years when they earned it.
The proposed flat tax of 17% is more than most people already pay. When you look at what you actually pay, most people pay 15% or less in federal taxes, after deductions.
2007-02-02 19:29:44 · answer #2 · answered by chimpus_incompetus 4 · 0⤊ 0⤋
it truly is previous stuff. No, we may be able to no longer do this. Herzog has pronounced that the tax costs should be 40%; sixty six% & 88%. and that is only to diminish our debt. a fee further Tax may be on excellent of earnings tax. each and every dollar spent may deliver 10 cents to DC. only for commence. immediately's Demoncrats pick to end tax cuts. did you comprehend what a tax shrink is? it really is your credit for tax already paid, newborn help, education, charity, loan, etc. somewhat of having a tax go back, you'll get a tax bill.
2016-11-24 20:29:54 · answer #3 · answered by strate 4 · 0⤊ 0⤋
Actually, back in the early 90's some were pushing for the 'flat tax' everyone pays the same percentage. I think it was something like 17%, and not to increase for some years. But that was turned down. I think it's a good idea, but who'd we sell it to? We're just pee-ons who don't know anything, remember?
2007-02-02 17:36:42 · answer #4 · answered by chole_24 5 · 0⤊ 1⤋
Well, rich people would buy all their stuff from overseas, and thus bypass paying any taxes at all.
If you can find a way to make rich people pay up, I think it would be worth a go. Tax season is no fun at all.
2007-02-02 17:09:48 · answer #5 · answered by powhound 7 · 2⤊ 0⤋
I agree that we should get rid of the IRS!
2007-02-02 17:49:11 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I agree Alaska does it doesn't it
2007-02-02 17:03:58 · answer #7 · answered by Anonymous · 0⤊ 1⤋
No, I don't think we should.
2007-02-02 17:06:45 · answer #8 · answered by Pop princess 3 · 2⤊ 0⤋