and stuff poll tax?
an stuff 95% of wealth belonging to 5%?
who wants to (fairly) change the world?
i do, i will.........!!!!!!!!!!!!
xxx
2007-03-11 08:52:11 · 14 answers · asked by qwerty 3 in Politics & Government ➔ Politics
Isle of Man, 10% lower tier income tax, 12% higher rate. No Capital Gains Tax, No dreaded Inheritance Tax, 0% Corporation Tax, You only ever need one MOT Test and it is never required ever again unlike the mainland where they scam us into getting it every year. Low Crime, good schools, the TT Roadraces, The IOM Govt paying my university fees( this is not means tested everybody who has lived here for at least 5 years gets it). It's 16 to vote, 16 to drive, 18 to smoke, 18 to drink. Come over and visit, hell why not move over here. I moved from Manchester 5 years ago. As the person above says the IOM has the police force, good healthcare and you don't have to wait until you are dead for an operation. We do only have a population of 75,000 but I think thats a good thing.
2007-03-12 00:14:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Poll taxes are unconstitutional in the US.
As for a flat 10% income tax, most studies show that it will significantly reduce the tax burden for most people, while keeping roughly the same amount of money coming into the govt coffers (once the cost of the current system is eliminated).
The objection is that it would be a higher tax rate for the lowest income brackets, since it would be a flat tax with no exemptions or reductions.
2007-03-11 08:57:22 · answer #2 · answered by coragryph 7 · 0⤊ 1⤋
10% of income tax for everybody would be lovely - except it lets the rich get richer, the poor get poorer (so more like 99% of wealth belonging to 1%), and you can say goodbye to anything the government pays for (healthcare, education, welfare, police, defence) as these things do tend to cost a fair bit!
2007-03-11 12:38:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Disagree! It replaced into greater hassle-free and needed than that. Whoever wrote that CNN article merely proved they are economically bereft. It replaced into led to by way of government spending that handed its earnings. That led to inflation and as time handed it began to ensue further and extra quickly until its forex replaced into actually valueless..... and while the government could desire to no longer pay its very own workers and retirees they rioted. There individuals for all to confirm is a real international occasion of liberal economic philosophy at artwork. as quickly as back has Keynesian economic theory been shown to be a street to failure.
2016-10-01 22:59:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Why have income tax at all?. Surely it would be fairer to lump V.A.T. up to say 25 per cent. That way, No need for tax evaders and all taxes are collected!
2007-03-11 08:56:28 · answer #5 · answered by Anonymous · 1⤊ 1⤋
I say old chap that would be a 11% increase for the Tory Party.
2007-03-11 09:15:52 · answer #6 · answered by jimgdad 4 · 0⤊ 0⤋
I think the first $10,000 of income shouldn't taxed
2007-03-11 09:15:21 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Im all for the fair tax and not redistribution of wealth. (socialism)
2007-03-11 09:18:34 · answer #8 · answered by Anonymous · 0⤊ 0⤋
No, the income tax on the rich needs to be raised.
So does the capital gains tax.
So does the estate tax.
2007-03-11 08:57:47 · answer #9 · answered by Longhaired Freaky Person 4 · 1⤊ 3⤋
The only ones who will be against it are the wealthy Republicans who are greedy and want every dime they can get!
2007-03-11 08:56:51 · answer #10 · answered by Anonymous · 1⤊ 0⤋