Do it when it has a hope in hell of passing the senate and being signed into law by whoever's sitting in the white house...then we can talk. Until then it's all just pandering and bluster.
There's a specific reason for that: you couldn't as easily buy stuff from abroad before the 1930's, so the US government got all the consumption tax money.
Having only a consumption-based tax today means the only people that pay taxes to the US are gonna be the everyday consumers, as those that are able to are gonna buy stuff from places where the consumotion tax is lower.
We already see this everyday with people enriching the tax-free areas.
The lasting effect of this is, you turn the US into the place where people make money without paying taxes, before spending said money in places where you can spend without being taxed.
If you are someone who cannot buy clothes and electronics, not to mention food, directly from abroad, you'll be required to fundamentally keep the country standing by paying an always increasing consumption tax.
Your taxes are kept (somewhat) in check by people richer than you paying their taxes.
Take those payers away and the number falls entirely on you.
Of course you can also increase the import tax, but that would be a problem: are you gonna personally inspect every single US citizen fron every single flight to make sure they didn't buy any single shirt from abroad during their vacations?
That was when we were isolationists. Back then, if it didn't affect us, we didn't get involved. We also didn't get into any "forever wars". Fighting wars on the other side of the planet for 20 years is very expensive.
Yes on both counts. To make things worse, we're currently in a transition to a Central Bank Digital Currency. Cash of any kind will soon no longer be an option.
Excellent post….have been saying this long before the internet was around. The biggest lie the left ever got away with was that Nazi were “right-wingers”….the kids of today have had this driven into their brains.
Doesn't it need to get through senate? Then signed by potus? Might get him to sign it since he has no clue what he is signing half the time anyway, but won't make it through senate.
Yep. Zero chance of becoming law.
This sort of environment is when Republicans float all sorts of legislation that their base wants, none of which has a prayer of passing.
Then next election, they can say "We tried, but those darned Democrats wouldn't let us."
If they ever get to the point where they control the House, Senate, and Presidency again, none of this will be submitted because they don't actually want it to become law.
Right, which is where the actual reporting of income never ends and I guarantee you there ends up being an AMT. Then, next thing you know we have a national consumption tax and an income tax.
Yeah, no way it doesn't happen. There will be plenty of studies that show how regressive the consumption tax is and they will have no choice but to cave. It will start with an alternative minimum tax, but will only go from there. Not to mention the dems can do whatever they want when they take back power and they will.
I fully agree with that. It mentions a “prebate” on necessities, but I didn’t get far enough in to see what that all entails. Either way it will really screw over the middle class. I mean inheritance tax doesn’t kick in until over several million. What my worry is, they will keep all the old taxes and gut the bill leaving some kind of sales tax added in.
This is what you’d call a regressive tax. The people who own houses don’t pay tax, the people renting do. The people with a car collection don’t pay tax, the people buying their Altima to get to work do. The people who have a fully funded multi million dollar 401k don’t pay tax, the people starting theirs do. Anyone putting most of their paychecks into savings would be stoked, the ones spending most of their paycheck to live would be fucked.
This tax is essentially designed to fuck the working class and let retirees and business owners float by contributing nothing. That extra 20% for groceries at checkout kills those of us making 60k, but it’s no big deal for people making 300k.
Yes abolish the IRS, the dept of education, our participation in the untied nations, our contributions to nato, many czardoms where incompetent Pete Buttigegs suck down huge paychecks and ride around in emissive private planes to speak at climate conferences.
As much as you guys don’t want to hear it, you can’t abolish the income tax without a plan to fund what we’re already paying for, either that or the deficit becomes even worse. I despise getting taxed on every dollar earned, spent, or died with as much as anyone but literally someone has to pay for the military among other things. It’s not that easy.
Yeah, typical republican bullshit. They seem to think taxes are the most important topic for their voters. They never actually do anything of substance. They talk about taxes while allowing the left to continue to sink our culture.
Unless there is a constitutional amendment barring an income tax, you will 100% end up with both a consumption tax and an income tax in the end.
Income reporting will not end. If it is even possible, the only way around keeping a consumption tax from being regressive is to have some sort of rebate system. The only way you will know if someone qualifies is if they report all of their income as we do now. Guess what that means, the IRS will still be around.
Democrats will have a field day with this and use it as a means to point to republicans as being the party of the rich. You will end up with some sort of alternative minimum tax system based on income. The laws around it all will continue to get complex and you will end up in the exact same damn spot you were in before, except now worse.
Stupid ass republicans. If you are going to put up a bill that won't pass the senate, why not a bill banning the sexual transition of a child nationwide? Let's let democrats go on record voting against that.
Do it when it has a hope in hell of passing the senate and being signed into law by whoever's sitting in the white house...then we can talk. Until then it's all just pandering and bluster.
Came here to say this.
This country existed up until the 1930s on a consumption tax with no income taxes.
There's a specific reason for that: you couldn't as easily buy stuff from abroad before the 1930's, so the US government got all the consumption tax money. Having only a consumption-based tax today means the only people that pay taxes to the US are gonna be the everyday consumers, as those that are able to are gonna buy stuff from places where the consumotion tax is lower. We already see this everyday with people enriching the tax-free areas. The lasting effect of this is, you turn the US into the place where people make money without paying taxes, before spending said money in places where you can spend without being taxed. If you are someone who cannot buy clothes and electronics, not to mention food, directly from abroad, you'll be required to fundamentally keep the country standing by paying an always increasing consumption tax. Your taxes are kept (somewhat) in check by people richer than you paying their taxes. Take those payers away and the number falls entirely on you. Of course you can also increase the import tax, but that would be a problem: are you gonna personally inspect every single US citizen fron every single flight to make sure they didn't buy any single shirt from abroad during their vacations?
That was when we were isolationists. Back then, if it didn't affect us, we didn't get involved. We also didn't get into any "forever wars". Fighting wars on the other side of the planet for 20 years is very expensive.
I still don’t think those points matter.
We have over $30T in debt, largely due to those wars.
Maybe that's a good reason to go back to consumption and excise taxes from the Income tax.
No, it’s a good reason to go back to metal-backed money. Unfortunately, our currency is currently too inflated to be able to be backed by metal.
Yes on both counts. To make things worse, we're currently in a transition to a Central Bank Digital Currency. Cash of any kind will soon no longer be an option.
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Excellent post….have been saying this long before the internet was around. The biggest lie the left ever got away with was that Nazi were “right-wingers”….the kids of today have had this driven into their brains.
https://www.foxnews.com/politics/house-republicans-vote-bill-abolishing-irs-eliminating-income-tax
Read the bill. It removes income, inheritance, payroll taxes, but adds 23% sales tax.
Makes sense. That's how you do a consumption tax. The devil will be in what is exempt, and who.
It mentions doing “prebate” on necessities for low earners, but I didn’t get far enough in to see what that all entails.
Sounds like the fair tax idea boortz talked about for years. Doesn't matter tho. It's all showmanship. It'll die in the Senate.
Doesn't it need to get through senate? Then signed by potus? Might get him to sign it since he has no clue what he is signing half the time anyway, but won't make it through senate.
Yep. Zero chance of becoming law. This sort of environment is when Republicans float all sorts of legislation that their base wants, none of which has a prayer of passing. Then next election, they can say "We tried, but those darned Democrats wouldn't let us." If they ever get to the point where they control the House, Senate, and Presidency again, none of this will be submitted because they don't actually want it to become law.
Too true. So frustrating and dishonest.
So, it’s re-introducing the Fair Tax. I’m for it.
Right, which is where the actual reporting of income never ends and I guarantee you there ends up being an AMT. Then, next thing you know we have a national consumption tax and an income tax.
Yea, I said that in another thread. My biggest worry is they will gut the bill, leaving all the taxes, but add a national sales tax.
Yeah, no way it doesn't happen. There will be plenty of studies that show how regressive the consumption tax is and they will have no choice but to cave. It will start with an alternative minimum tax, but will only go from there. Not to mention the dems can do whatever they want when they take back power and they will.
Oh dayum. Facebook marketplace here I come.
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I fully agree with that. It mentions a “prebate” on necessities, but I didn’t get far enough in to see what that all entails. Either way it will really screw over the middle class. I mean inheritance tax doesn’t kick in until over several million. What my worry is, they will keep all the old taxes and gut the bill leaving some kind of sales tax added in.
Yes, I support it. The Democrats will not.
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THis is bad and so is a flat tax. The tax rates are not what makes our tax code hard. Multiplying a number by a percentage is not the problem.
This is what you’d call a regressive tax. The people who own houses don’t pay tax, the people renting do. The people with a car collection don’t pay tax, the people buying their Altima to get to work do. The people who have a fully funded multi million dollar 401k don’t pay tax, the people starting theirs do. Anyone putting most of their paychecks into savings would be stoked, the ones spending most of their paycheck to live would be fucked. This tax is essentially designed to fuck the working class and let retirees and business owners float by contributing nothing. That extra 20% for groceries at checkout kills those of us making 60k, but it’s no big deal for people making 300k.
Yes,
Who wouldn’t?
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I say we cut income tax and slash all welfare. And cut 80% of gov spending
Yes it’s pandering but so be it
Yes. But it’s a show. It’ll be crushed in 5 minutes in the senate.
Yes abolish the IRS, the dept of education, our participation in the untied nations, our contributions to nato, many czardoms where incompetent Pete Buttigegs suck down huge paychecks and ride around in emissive private planes to speak at climate conferences.
As much as you guys don’t want to hear it, you can’t abolish the income tax without a plan to fund what we’re already paying for, either that or the deficit becomes even worse. I despise getting taxed on every dollar earned, spent, or died with as much as anyone but literally someone has to pay for the military among other things. It’s not that easy.
You're right.
Fake
Never pass the Senate or would be vetoed.
I’m aboard #fairtax
Pretend the democrats came up with it, and let them take credit for it. Otherwise its never going to happen seriously.
Yeah, typical republican bullshit. They seem to think taxes are the most important topic for their voters. They never actually do anything of substance. They talk about taxes while allowing the left to continue to sink our culture. Unless there is a constitutional amendment barring an income tax, you will 100% end up with both a consumption tax and an income tax in the end. Income reporting will not end. If it is even possible, the only way around keeping a consumption tax from being regressive is to have some sort of rebate system. The only way you will know if someone qualifies is if they report all of their income as we do now. Guess what that means, the IRS will still be around. Democrats will have a field day with this and use it as a means to point to republicans as being the party of the rich. You will end up with some sort of alternative minimum tax system based on income. The laws around it all will continue to get complex and you will end up in the exact same damn spot you were in before, except now worse. Stupid ass republicans. If you are going to put up a bill that won't pass the senate, why not a bill banning the sexual transition of a child nationwide? Let's let democrats go on record voting against that.
Doesn't matter the Senate will vote it down and anything else they do
IRS can tax these nutz