Do you think we should have a flat, national sales tax instead of the current income tax system?

Answer 1

Yes, not just yes but hell YES (to put it that way).

The flat tax would reduce the number of gov employees. It would increase the total revenue. It would save taxpayers money and time by not having to hire tax folks, hire a lawyer (sometimes) and fill out forms. Additionally all the illegals going "under the wire" would pay taxes, not just illegal aliens and the money they spend and send home but also the illegals like drug dealers etc when they buy their bling and cars etc.

Contrary to popular belief it would not affect the poor, they get a write off and you don't pay taxes on food stamps.

It would also change politics, in a good way. No more getting people to vote for you to lower your taxes and raise someone elses...no longer an issue. No more time spent deciding and changing tax code, no more tax shelters and taxes on savings for retirement...you pay it as you spend it.

IMO it will never happen, the government likes it control and slush funds too much to give a simple structure and control back to the people - you know we really are too stupid to handle our own money and take personal responsibility - just ask any Senator.

Answer 2

a countrywide revenues tax probably makes extra experience because of the fact it would hit somewhat everyone the two. on the different hand, a flat tax of around 14% - which seems to be the familiar parent tossed approximately - might probably be loaded with loopholes and you will nonetheless have human beings paying little or no taxes. And, a flat tax ought to conceivably reason some hardships for those interior the decrease earnings brackets. A revenues tax on the different hand might have no get away valves, no loopholes and can be the comparable for anybody. the only exemptions may well be for foodstuff and medicines - each little thing else may well be taxed. human beings does no longer ideas paying their share in the event that they knew somewhat everyone became paying the two. the way issues at the instant are, all somewhat everyone seems to be created equivalent basically some are extra equivalent than others (George Orwell) and a revenues tax might insure no person is extra equivalent.

Answer 3

Not "No!" but "HELL NO!"

The so-called Flat Tax is a ploy by the wealthy to transfer their tax burden to the shoulders of the middle class and working poor. Why do you think that folks like Steve Forbes like it so much?

For a flat tax to raise the revenue that the current graduated income tax raises would require a rate of around 25% - 27%. The wealthy pay a marginal rate of 35% so they'd see a nice fat tax cut. Steve Forbes, Bill Gates, and Warren Buffett would pocket MILLION$ on a flat tax.

Most middle-class working stiffs -- folks like you and me -- pay a total tax rate of between 10% and 20% of our total income. Pull out your tax return and compare the Total Tax line to the Total Income line -- and don't forget to add back any 401(k) contributions and your pre-tax medical insurance deductions -- and see what your total effective tax rate is. If you're like most folks, it will be a LOT less than 25%

Now, what would it do to the working poor? Let's have a look. Take a single parent supporting 2 kids on around $16k a year. They don't pay any tax at all and get about $4k in EITC payments. That makes for a little under $18.8k a year when SS and Medicare taxes are considered. They survive, but just barely. With a flat tax, the EITC would disappear and the tax bite would rocket to over $5,500 for them, including SS and Medicare. Take home pay would drop from from $18,800 to about $10,450. They'd be tossed into the streets by the millions. All so Steve, Bill, and Warren can have even more money than they could ever reasonably need.

The Flat Tax and the so-called "Fair Tax" -- a hugely expensive national sales tax -- both violate the first rule of taxation: Make sure that the taxpayer can afford to pay the tax. Our current graduated income tax does just that -- everyone pays their fair share and the poorest get an assist from those of us who are better off.

The impact of the "Fair Tax" on the working poor would be just as devastating as the Flat Tax since nearly every penny they earn goes to pay for essentials. The wealthy spend a far smaller portion of their total income and would get a major tax break.

Worse yet, the "Fair Tax" would require just as much work by the IRS to ensure that all sales were properly taxed and that the funds were rendered. Black marketing of untaxed goods would go through the roof. Look what is happening with tobacco and liquor in high-tax states right now. And we all know the type of element that black marketing attracts -- organized crime and gangs. Wouldn't THAT be nice, getting a TV or your Captain Crunch from the local gang-banger. No thanks!

Answer 4

What would we have to talk about if we went to a flat tax system. Thousands of tax professionals would be unemployed and likely go on "welfair" (misspelling intentional).

Answer 5

no
not no but hell no
poor/low income people don't pay income tax now,, how do you think they would afford to pay a tax on items they buy??

Jo's welfare check would not go as far with this sales tax you talk about,, Jo no like idea.....

Answer 6

YES! Tax consumption, not production!

Answer 7

Anything is better than the current system.

Answer 8

A big YES to this one.

Answer 9

no because most of our money is being sent out of this country and there would never be taxes on it and then the economy would definitely fold.

Answer 10

yes. it could near eliminate a powerful Gov. arm