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OT Get ready America
Get ready Americans for the biggest screwing in all history. For some
time I have worried that the consumption tax (national sales tax) to replace our income tax idea would take hold. This would be a nightmare for low and middle income people. There is more and more talk every day for this. Now that old geezer Greenspan is saying it is a good idea. He adds that maybe we should also keep the income tax and have both. Since the consumption tax would be a rich man's dream, that is probably what we will end up with. With a consumption tax, the low and middle income earners would pay all of the tax and the rich man would pay even less. Americans had better start raising hell with their congressmen and senators now to stop this before it gains anymore momentum. The only fair income tax replacement would be a flat tax with the standard deduction and the family member exemptions and no other deductions or loopholes. Please help spread the word. |
On Thu, 03 Mar 2005 23:25:18 GMT, Tax Man
wrote: Get ready Americans for the biggest screwing in all history. For some time I have worried that the consumption tax (national sales tax) to replace our income tax idea would take hold. This would be a nightmare for low and middle income people. There is more and more talk every day for this. Now that old geezer Greenspan is saying it is a good idea. He adds that maybe we should also keep the income tax and have both. Since the consumption tax would be a rich man's dream, that is probably what we will end up with. With a consumption tax, the low and middle income earners would pay all of the tax and the rich man would pay even less. Americans had better start raising hell with their congressmen and senators now to stop this before it gains anymore momentum. The only fair income tax replacement would be a flat tax with the standard deduction and the family member exemptions and no other deductions or loopholes. Please help spread the word. We're already getting plenty screwed by taxes, or are you happy with the way things are? In this situation I don't see that changing things will make them worse. Why would a consumption tax be a rich man's dream? You buy a yacht and you pay the taxes. The tax that I really hate is the property tax. This is the one tax that you cannot avoid paying for. No matter how low you cut your expenditures, you can never cut this one. You can raise your own food, patch your clothes, not spend money on cable, toys or other trifles, but this tax won't care about that. It won't care if you're old or sick or out of work. In effect, its government rent on living on your property. IMO income or consumption taxes are the only fair taxes, and I think a combination would be best. No income, no tax. Of course there's a limit to how little consumption you can do -- you have to eat, and you have to buy clothes and other things. Most states have limits on what is taxed by their sales taxes, and this should work the same way. As for the rich man paying less, one part of being rich is that things like taxes don't affect you as much as other people, though they do an awful lot of crying about it. I also hear a lot of so called middle income folks crying about having to pay taxes, but they own SUVs or mini-vans, large screen digital TVs, designer jeans, and each of their kids has a cell phone and often a car (not used either). Cut me a break. Don't cry poverty if its not a fact. As long as its fair, and tax loopholes are limited and are not just for the rich, then I'm fine with it. I want to see changes in the tax system. The problem is if the people designing this are not interested in fairness but in paying as little as possible for themselves or their interest groups (not just the rich either). But that's a different topic altogether. Swyck |
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"Tax Man" wrote in message ... Get ready Americans for the biggest screwing in all history. For some time I have worried that the consumption tax (national sales tax) to replace our income tax idea would take hold. This would be a nightmare for low and middle income people. There is more and more talk every day for this. Now that old geezer Greenspan is saying it is a good idea. He adds that maybe we should also keep the income tax and have both. I am 100% against this. Just look at our friends in the UK with 19% VAT (value added tax). |
Did I hear that they're thinking about taxing your computers also?
Janet Baraclough wrote: ...VAT is only 17.5 %. On almost every item AND service we buy. That's on top of income tax, local tax, compulsory "National Insurance", and taxes on fuel, property sales, inheritance, capital gains, etc etc etc.. Janet (UK) |
How much per month do you pay for health care? Do you get health care if you arent
working? Ingrid Janet Baraclough wrote: Oh no Frank, you're soooo wrong :-) VAT is only 17.5 %. On almost every item AND service we buy. That's on top of income tax, local tax, compulsory "National Insurance", and taxes on fuel, property sales, inheritance, capital gains, etc etc etc.. Janet (UK) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ List Manager: Puregold Goldfish List at http://list.lovemyoldhome.com/puregold/ WEBSITE AT: http://www.mu.edu/~buxtoni/puregold/home.html www.drsolo.com Solve the problem, dont waste energy finding who's to blame ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I receive no money, gifts, discounts or other compensation for all the damn work I do, nor for any of the recommendations I make. AND I DID NOT AUTHORIZE ADS AT THE OLD PUREGOLD SITE |
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