US Tax Code

phil — 4/13/2005 4:48:03 PM (archived)

I don't visit Flame often but I figured this was an appropriate venue. US citizens have just the tax code they rightfully deserve. This complex amalgam of special interest after special interest is considered 'unfair' by a vast majority polled. Even with software if you sell property, are self employed or own rental property there are myriad potential complications. Then there's the elephant in the living room, the heinous AMT. Given this, these same self-interested cretins also poll strongly against any reform that might delete their favorite deductions. Why we do not institute a flat fair tax based on consumption, not income, is beyond me. If folks save and don't spend much, they benefit more than those who are profligate. A basis adjustment is easily applied for families with #s of children.

The whole thread (29 posts)

US Tax Code - phil - 4/13/2005 4:48:03 PM
- Consumption tax drawback - RobVG - 4/16/2005 4:14:44 PM
  - Maybe for a change governments could cut back on non-essential programs... (n/t) - Tom Brosz - 4/17/2005 4:11:45 AM
    - The real "welfare Cadillac" is in the corporate garage." (n/t) - Bowser - 4/19/2005 8:00:47 AM
    - Define "non-essential". - Mary Anne - 4/17/2005 7:02:55 PM
      - re: Define "non-essential". - Tom Brosz - 4/18/2005 1:15:24 AM
      - re: Define "non-essential". - gbaikie - 4/18/2005 1:14:54 AM
- The wealthy in this country, have most of the money. - alcaray - 4/13/2005 8:56:53 PM
  - No S*** Sherlock - p - 4/16/2005 11:24:47 PM
- With a consumption tax.... - Tony - 4/13/2005 7:02:56 PM
  - You mean... We'd have to actually.... ENFORCE border security? - DL - 4/13/2005 7:58:14 PM
    - re: You mean... We'd have to actually.... ENFORCE border security? - phil - 4/13/2005 8:19:02 PM
      - That might work, but here comes the paperwork again. (n/t) - Tom Brosz - 4/14/2005 5:52:22 AM
        
        An at-the-register value added tax would be virtually paper-work free - DL - 4/14/2005 2:46:34 PM
        
        re: value added tax - Tom Brosz - 4/16/2005 7:12:15 AM
        
        Poverty ID - DL - 4/18/2005 12:10:50 AM
        
        Solution: Tax everything and pay the poor - Nick Hoffman - 4/17/2005 11:22:30 AM
        
        fascinating .. - Daniel - 4/19/2005 5:16:16 AM
        
        I haven't really worked it out but I think you might have a Perpetual Motion Machine on your hands. (n/t) - Tom Brosz - 4/18/2005 1:18:07 AM
        
        No, a 26% consumption tax raises sufficient revenue (n/t) - p - 4/18/2005 9:06:11 PM
        
        Sounds like the productive citizens end up taking it in the shorts again. - Tom Brosz - 4/20/2005 4:53:36 AM
        
        Not productive - Consumptive - Nick Hoffman - 4/20/2005 12:54:07 PM
        
        re: The problem with all these "consumption tax" and "point of sale tax" scheems is that they fail to tax barter transactions. - Scott Evil - 4/21/2005 11:14:29 PM
        
        re: The problem with all these "consumption tax" and "point of sale tax" scheems is that they fail to tax barter transactions. - p - 4/22/2005 3:17:01 AM
        
        re: Not productive - Tom Brosz - 4/21/2005 7:21:23 AM
        
        Bingo! (n/t) - phil - 4/21/2005 1:47:48 AM
        
        No perpetual motion. - Nick Hoffman - 4/18/2005 9:52:13 AM
        
        different minimum standards of living in different areas - SDG - 4/19/2005 2:31:26 PM
        
        In effect that's what Fair Tax proposes - phil - 4/17/2005 4:27:44 PM

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