Comments on: Fair Tax and what it could do for everyone.

By: Flo

Flo — Fri, 25 Apr 2008 19:11:30 +0000

I think a flat tax would be a great idea if it truly was a flat-tax. No deductions, no exemptions, 10% off the top and that’s it. But that’s not what Steve Forbes proposed and what is knocked in Flat Tax Folly. I think a much better idea is the consumer tax. By taxing everything we purchase, except food, we really balance the playing field. That way Bill Gates can have all the stocks he wants but when he purchases a new $250,000 car he pays more in tax then I would pay in a year What I completely agree with is that Congress and the Federal Budget needs to be overhauled completely and paying someone to do your taxes is completely insane!!

By: Aahz of Philaahzophy

Aahz of Philaahzophy — Sun, 20 Apr 2008 21:27:26 +0000

Criminy, I botched that link! It should be Flat Tax Folly.

Sorry

Aahz of Philaahzophy’s last blog post..Applied Anarchy: Why Taxes Are Theft

By: Aahz of Philaahzophy

Aahz of Philaahzophy — Sun, 20 Apr 2008 21:25:16 +0000

Thae flat tax is anything but fair and a horrible idea, overall. Before jumping on the bandwagon here’s one article that lays out the other side darn well -

Somehow this country continued to grow until 1913 (Check the 16th amendment to the US Constitution) without ANY income tax at all. How about we return to that system?

Aahz of Philaahzophy’s last blog post..Applied Anarchy: Why Taxes Are Theft

By: Holly

Holly — Sun, 20 Apr 2008 18:55:43 +0000

Michael; You do make a few great points but calling everyone ignorant is not going to get them to read these points. I agree that politicians need to make changes and a flat tax is a good idea also. Even a flat tax will still allow many people the ability to not pay taxes.

Yes, you pay taxes when you sell stocks, but the man used in my classmates example was Bill Gates, I think his accountant is good enough to figure out a way where he wouldn’t have to pay anything when he cashes those stocks in. That is where the problem lies with the current tax system and a flat tax, unless the flat tax take out all of the deductions.

By: Michael

Michael — Sun, 20 Apr 2008 18:41:44 +0000

You people are ignorant. How can charging people less taxes bring in more income to the government? Changing the way people are taxed doesn’t solve the real problem which is politician’s working without a real budget. They only way to solve the problem is to have a flat tax. For everyone.

“He pointed out that some people who have a lot of money don’t pay any taxes because they have put it all in stocks.” What do you think happens when those people sell those stocks? They pay taxes!

Why do you think people are calling it the Fraud Tax.

By: Leigh

Leigh — Fri, 18 Apr 2008 18:21:04 +0000

I have a signed copy of the FairTax book that Neal Boortz wrote…THAT’S how much I love the idea.

Leigh’s last blog post..Happy Friday