the Fair Tax for US

**novacain** · 12-03-2002

Beware of what is termed 'socialising the cost'.

ie this is where bussiness sacks local workers and gives their jobs to cheaper overseas workers.

The company pays tax offshore and lowers its production costs so it makes more profit.

Trouble is WE pay the unemployment benifits thru higher taxes, WE get lower wages as there are more people looking for work.

Or if these new poor resort to crime or drugs the cost of fixing the problems is paid for by?

Novacain>Do you trust the stores not to rort the system? (ie charge too much and keep the rest)<

Sentaku senshi>Well PA alreay has a sales tax (and income tax). Anyways the tax would have to be recored on the recpet and if mutlible people have recipts that show a higher tax then that store would most likly face punishment.<

Just like our company directors who used over Au$10 million in company funds to buy more shares and prop up the price (as they owned a lot of shares as well so they were protecting thier investment)

They face a Au$22k fine.

See what I mean?

**Sentaku senshi** · 12-03-2002

True, but if a company has workers and those workers pay an income tax that is automaticly deducted the company could decut more then the employes should pay and keep that money.

So no mater where the taxes come from there is room for coruption, and as for the case with the fine amount something is horibly wrong with how they decided it.

**OneStiffRod** · 12-03-2002

posted by no-one
>>so we should tax everybody in a graduated way so everyone only makes 6,600????

I don't know where you got that idea from my post but that is not at all the point I was making. The point is that I too thought that the FLAT tax was a good idea until I saw how it would work, why would you tax someone making 10K the same as someone who made 40K??? You would only leave the person making 10K with 6,600 dollars and with the 'graduated' system the person making 10K would only pay 10% or maybe he wouldn't even be in the tax bracket. I think it's FAIR to CAP the graduated system, meaning the most you'll ever pay is 33% of your income which is 1/3 which is fairest of all - today in the US anyone who makes over 50k there TAX percentage is more like 45-49% more or less based on the property they own. Paying 33% is obviously much less then today's rate.

That should clarify.

**adamviper** · 12-04-2002

wouldn't that be a tax on big ppl would that be a form of racism witch is BAD

**Cruxus** · 12-04-2002

A 25% sales tax would price almost everything out of affordability for me. I am a high school student currently without a job, and I would not feel happy about paying $500 in sales tax on a $2,000 computer (yes, even if I had a job). People with low income jobs would be forced from enjoying "luxuries" like computers, cars, etc.

Such a high sales tax would likely do woeful things to our economy. Consumer spending, which is a powerful driving force of the economy, would show a marked decrease. The standard of living would decrease as new technology becomes less affordable to more people. Of course, the ultra rich would complain about having to pay so much more for their mansions and yachts, but the people who would really be hurting are the poor and the middle class.

Inflation would increase because of salary/wage increases, which heighten the cost of production. The end result is that the economy would probably find its way out but only after going through one enormous hassle.

fergus · 12-04-2002

I'm for a flat tax rate...A LOW flat tax rate. Why should a hard working man who strikes it rich pay a higher percentage of his wealth than a lazy bum, or, for that matter, a hard working man who doesn't strike it rich? Sure, you can whine about rich scum, and they do exist, but the fact is that rich people are not any more immoral than the rest of us.

**ygfperson** · 12-04-2002

Originally posted by fergus
I'm for a flat tax rate...A LOW flat tax rate. Why should a hard working man who strikes it rich pay a higher percentage of his wealth than a lazy bum, or, for that matter, a hard working man who doesn't strike it rich? Sure, you can whine about rich scum, and they do exist, but the fact is that rich people are not any more immoral than the rest of us.

i agree, they're not more immoral (in most cases). but morality has little to do with this. if we don't cut government (and military) spending, the money's going to have to come from somewhere. i say, let the rich shoulder a greater percentage of the cost. they can afford it better than middle class and lower class people.

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