https://www.foxnews.com/politics/gov-tate-reeves-seeking-complete-elimi nation-income-tax-mississippi-runs-re-election
. . .
A number of state have no local income tax already and
seem to get by just fine. Florida is a prime example.
Long back it even had an "intangibles tax" - like for
stock holdings, theoretical money - but dumped that too.
Those states DO have some degrees of SALES taxes - a
'consumption tax' - but they ain't so bad.
The KEY to lowering/eliminating govt taxes is to pursue
programs/paradigms/methods to GROW THEIR ECONOMIES. Then
the revenues magically appear. States intent on destroying
themselves ... well ..........
Apply the Florida model to the rest of the country and
we WILL be "greater" again - and if Xfuckistan can't keep
up, well, boo-hoo ..........
https://www.foxnews.com/politics/gov-tate-reeves-seeking-complete- elimination-income-tax-mississippi-runs-re-election
A number of state have no local income tax already and
seem to get by just fine.
Florida is a prime example. Long back it even had an "intangibles
tax" - like for stock holdings, theoretical money - but dumped that
too.
Those states DO have some degrees of SALES taxes - a
'consumption tax' - but they ain't so bad.
The KEY to lowering/eliminating govt taxes is to pursue
programs/paradigms/methods to GROW THEIR ECONOMIES. Then
the revenues magically appear.
In article <S_-dnYgn5uOeGCL-nZ2dnZfqnPadnZ2d@earthlink.com>,
"26C.Z968" <26C.Z968@noaada.net> wrote:
https://www.foxnews.com/politics/gov-tate-reeves-seeking-complete-
elimination-income-tax-mississippi-runs-re-election
A number of state have no local income tax already and
seem to get by just fine.
Yeah they "get by" but usually come in last in education, health and
social programs.
Florida is a prime example. Long back it even had an "intangibles
tax" - like for stock holdings, theoretical money - but dumped that
too.
Those states DO have some degrees of SALES taxes - a
'consumption tax' - but they ain't so bad.
Of course those states have a big regressive sales tax in place --
there's no way they could get by otherwise.
As poor as Mississippi is a 10% sales tax would be really punishing to a large segment of their population.
Now D.C. Republicans want a 40% national sales tax
instead of an federal
income tax,
add a 10% state sales tax to that you'd be paying a 50%
sales tax on everything you buy.
The KEY to lowering/eliminating govt taxes is to pursue
programs/paradigms/methods to GROW THEIR ECONOMIES. Then
the revenues magically appear.
Same old "trickle down (on)" magic Republicans promise but never happens.
"26C.Z968" <26C.Z968@noaada.net> wrote <https://www.foxnews.com/politics/gov-tate-reeves-seeking-complete-elimination-income-tax-mississippi-runs-re-election>
. . .
A number of state have no local income tax already and
seem to get by just fine. Florida is a prime example.
Long back it even had an "intangibles tax" - like for
stock holdings, theoretical money - but dumped that too.
Those states DO have some degrees of SALES taxes - a
'consumption tax' - but they ain't so bad.
The KEY to lowering/eliminating govt taxes is to pursue
programs/paradigms/methods to GROW THEIR ECONOMIES. Then
the revenues magically appear.
States intent on destroying
themselves ... well ..........
Apply the Florida model to the rest of the country and
we WILL be "greater" again - and if Xfuckistan can't keep
up, well, boo-hoo ..........
Unlike every other southern state
Mississippi is actually LOSING population.
How does that figure into any "grow the
economy" scenario?
On 1/12/23 4:23 PM, super70s wrote:
In article <S_-dnYgn5uOeGCL-nZ2dnZfqnPadnZ2d@earthlink.com>,
"26C.Z968" <26C.Z968@noaada.net> wrote:
https://www.foxnews.com/politics/gov-tate-reeves-seeking-complete-
elimination-income-tax-mississippi-runs-re-election
A number of state have no local income tax already and
seem to get by just fine.
Yeah they "get by" but usually come in last in education, health and
social programs.
Florida is a prime example. Long back it even had an "intangibles
tax" - like for stock holdings, theoretical money - but dumped that
too.
Those states DO have some degrees of SALES taxes - a
'consumption tax' - but they ain't so bad.
Of course those states have a big regressive sales tax in place --
there's no way they could get by otherwise.
As poor as Mississippi is a 10% sales tax would be really punishing to a
large segment of their population.
Now D.C. Republicans want a 40% national sales tax
Nope.
On 1/12/23 4:23 PM, super70s wrote:
In article <S_-dnYgn5uOeGCL-nZ2dnZfqnPadnZ2d@earthlink.com>,
 "26C.Z968" <26C.Z968@noaada.net> wrote:
https://www.foxnews.com/politics/gov-tate-reeves-seeking-complete-
elimination-income-tax-mississippi-runs-re-election
   A number of state have no local income tax already and
   seem to get by just fine.
Yeah they "get by" but usually come in last in education, health and
social programs.
   Florida is a prime example. Long back it even had an "intangibles >>>    tax" - like for stock holdings, theoretical money - but dumped that >>>    too.
   Those states DO have some degrees of SALES taxes - a
   'consumption tax' - but they ain't so bad.
Of course those states have a big regressive sales tax in place --
there's no way they could get by otherwise.
As poor as Mississippi is a 10% sales tax would be really punishing to a
large segment of their population.
Now D.C. Republicans want a 40% national sales tax
Nope.
instead of an federal
income tax,
add a 10% state sales tax to that you'd be paying a 50%
sales tax on everything you buy.
   The KEY to lowering/eliminating govt taxes is to pursue
   programs/paradigms/methods to GROW THEIR ECONOMIES. Then
   the revenues magically appear.
Same old "trickle down (on)" magic Republicans promise but never happens.
On 1/12/23 4:30 PM, Yak wrote:
On 1/12/23 4:23 PM, super70s wrote:
In article <S_-dnYgn5uOeGCL-...@earthlink.com>,
"26C.Z968" <26C....@noaada.net> wrote:
https://www.foxnews.com/politics/gov-tate-reeves-seeking-complete-
elimination-income-tax-mississippi-runs-re-election
A number of state have no local income tax already and
seem to get by just fine.
Yeah they "get by" but usually come in last in education, health and
social programs.
Florida is a prime example. Long back it even had an "intangibles
tax" - like for stock holdings, theoretical money - but dumped that >>> too.
Those states DO have some degrees of SALES taxes - a
'consumption tax' - but they ain't so bad.
Of course those states have a big regressive sales tax in place --
there's no way they could get by otherwise.
As poor as Mississippi is a 10% sales tax would be really punishing to a >> large segment of their population.
Now D.C. Republicans want a 40% national sales tax
Nope.IF good MAGA growth principles are pursued I'd expect
more like a 10-15% fed tax. There'd be enough money
amongst the pop and biz so less 'welfare'-type money
would be needed.
Of course the lefties HATE that idea - they want
everyone to be dependent welfare SLAVES.
expect MILLIONS to trickle into their accounts - Bentley'sinstead of an federal
income tax,
add a 10% state sales tax to that you'd be paying a 50%
sales tax on everything you buy.
The KEY to lowering/eliminating govt taxes is to pursue
programs/paradigms/methods to GROW THEIR ECONOMIES. Then
the revenues magically appear.
Same old "trickle down (on)" magic Republicans promise but never happens. "Trickle" actually WORKS ... it's just that certain slackers
and Ferrari's for working at WalMart. Nope.
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
In article <S_-dnYgn5uOeGCL-nZ2dnZfqnPadnZ2d@earthlink.com>,
"26C.Z968" <26C.Z968@noaada.net> wrote:
https://www.foxnews.com/politics/gov-tate-reeves-seeking-complete-
elimination-income-tax-mississippi-runs-re-election
A number of state have no local income tax already and
seem to get by just fine.
Yeah they "get by" but usually come in last in education, health and
social programs.
Florida is a prime example. Long back it even had an "intangibles >>>> tax" - like for stock holdings, theoretical money - but dumped that >>>> too.
Those states DO have some degrees of SALES taxes - a
'consumption tax' - but they ain't so bad.
Of course those states have a big regressive sales tax in place --
there's no way they could get by otherwise.
As poor as Mississippi is a 10% sales tax would be really punishing to a >>> large segment of their population.
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state models
for what is and is not taxable, that tax rate could easily reach 40%
just to remain tax neutral.
Not to mention that such a tax would induce a general depression.
Swill
On Fri, 13 Jan 2023 09:02:55 -0500, Yak wrote:
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state models
for what is and is not taxable, that tax rate could easily reach 40%
just to remain tax neutral.
Must be common core math. The rate is 23%.
Ah . . . so it's *only* a 23% tax charge on every purchase I make?
And you expect the voters to fall for that?
I don't believe that rate is well thought out.
Does it account for
business to business exemptions? What else is exempt from taxation?
Is my power bill going to jump 23% or is electricity exempted? What
about food, which many states, like Florida, Texas and California
don't tax or labor and other services which Georgia, for example,
doesn't tax? Tell me, what's mom going to do when the grocery bill
jumps 20%? She's going to cut back spending. Everybody will cut back spending and the economic repercussions will be terrifying.
And no, the elimination of income tax withheld is *not* enough to make
the difference. That withholding usually runs less than 20%, commonly
less than 15% for working people and they get refunds back on that.
The bottom 40% contributes zero to the US Treasury. What refunds will
they get back from Fair Tax and how will those refunds be paid for on
the revenue side? What about taxpayers withheld at, say, a 30% rate
but who usually write off enough to have a final tax rate of under
20%? Like Donald Trump? Trust and believe, Trump will NOT like a consumption tax.
What's going to happen when the working and middle classes see the
price of everything they buy go up 23% overnight but their income only
goes up 10-20%?
Are mortgages taxed? Cable TV? Will my Paramount and Curiosity
stream services be subject to this tax? Is my Internet bill going to
go up 23%? How about gasoline which is already taxed to hell and
back?
What your "Fair Tax" really is, is a tax increase for the bottom 50%
and a tax cut for the top 50%.
Actually, it's worse than that since the bottom 40% is paying nothing
at all. I'd bet cash that tax increase would hit at least the bottom
70% of taxpayers and the cut would affect at least the top 10%.
How long do you think the party that passed that tax would stay in
power? How fast do you think it would be repealed?
Not to mention that such a tax would induce a general depression.
Why haven't you addressed the economic shock such a tax change would
entail?
Swill
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state models
for what is and is not taxable, that tax rate could easily reach 40%
just to remain tax neutral.
Must be common core math. The rate is 23%.
Not to mention that such a tax would induce a general depression.
On 1/12/23 4:30 PM, Yak wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
IF good MAGA growth principles are pursued I'd expect
more like a 10-15% fed tax. There'd be enough money
amongst the pop and biz so less 'welfare'-type money
would be needed.
Of course the lefties HATE that idea - they want
everyone to be dependent welfare SLAVES.
instead of an federal income tax,
add a 10% state sales tax to that you'd be paying a 50%
sales tax on everything you buy.
The KEY to lowering/eliminating govt taxes is to pursue
programs/paradigms/methods to GROW THEIR ECONOMIES. Then
the revenues magically appear.
Same old "trickle down (on)" magic Republicans promise but never happens.
"Trickle" actually WORKS ...
it's just that certain slackers
expect MILLIONS to trickle into their accounts
Bentley's and Ferrari's for working at WalMart. Nope.
On 1/13/23 4:42 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 09:02:55 -0500, Yak wrote:
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state models
for what is and is not taxable, that tax rate could easily reach 40%
just to remain tax neutral.
Must be common core math. The rate is 23%.
Ah . . . so it's *only* a 23% tax charge on every purchase I make?
And you expect the voters to fall for that?
SEC. 101. Imposition of sales tax.
“(a) In General.—There is hereby imposed a tax on the use or consumption
in the United States of taxable property or services.
“(b) Rate.—
“(1) FOR 2021 [year introduced] —In the calendar year 2021, the rate of
tax is 23 percent of the gross payments for the taxable property or service.
I don't believe that rate is well thought out.
Yeah, well you're stupid in that way.
--Does it account for
business to business exemptions? What else is exempt from taxation?
Is my power bill going to jump 23% or is electricity exempted? What
about food, which many states, like Florida, Texas and California
don't tax or labor and other services which Georgia, for example,
doesn't tax? Tell me, what's mom going to do when the grocery bill
jumps 20%? She's going to cut back spending. Everybody will cut back
spending and the economic repercussions will be terrifying.
And no, the elimination of income tax withheld is *not* enough to make
the difference. That withholding usually runs less than 20%, commonly
less than 15% for working people and they get refunds back on that.
The bottom 40% contributes zero to the US Treasury. What refunds will
they get back from Fair Tax and how will those refunds be paid for on
the revenue side? What about taxpayers withheld at, say, a 30% rate
but who usually write off enough to have a final tax rate of under
20%? Like Donald Trump? Trust and believe, Trump will NOT like a
consumption tax.
What's going to happen when the working and middle classes see the
price of everything they buy go up 23% overnight but their income only
goes up 10-20%?
Are mortgages taxed? Cable TV? Will my Paramount and Curiosity
stream services be subject to this tax? Is my Internet bill going to
go up 23%? How about gasoline which is already taxed to hell and
back?
What your "Fair Tax" really is, is a tax increase for the bottom 50%
and a tax cut for the top 50%.
Actually, it's worse than that since the bottom 40% is paying nothing
at all. I'd bet cash that tax increase would hit at least the bottom
70% of taxpayers and the cut would affect at least the top 10%.
How long do you think the party that passed that tax would stay in
power? How fast do you think it would be repealed?
Not to mention that such a tax would induce a general depression.
Why haven't you addressed the economic shock such a tax change would
entail?
Swill
On 1/13/23 4:42 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 09:02:55 -0500, Yak wrote:
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state models >>>> for what is and is not taxable, that tax rate could easily reach 40%
just to remain tax neutral.
Must be common core math. The rate is 23%.
Ah . . . so it's *only* a 23% tax charge on every purchase I make?
And you expect the voters to fall for that?
SEC. 101. Imposition of sales tax.
“(a) In General.—There is hereby imposed a tax on the use or consumption in the United States of taxable property or services.
“(b) Rate.—
“(1) FOR 2021 [year introduced] —In the calendar year 2021, the rate of tax is 23 percent of the gross payments for the taxable property or
service.
I don't believe that rate is well thought out.
Yeah, well you're stupid in that way.
Does it account for
business to business exemptions? What else is exempt from taxation?
Is my power bill going to jump 23% or is electricity exempted? What
about food, which many states, like Florida, Texas and California
don't tax or labor and other services which Georgia, for example,
doesn't tax?  Tell me, what's mom going to do when the grocery bill
jumps 20%? She's going to cut back spending. Everybody will cut back
spending and the economic repercussions will be terrifying.
And no, the elimination of income tax withheld is *not* enough to make
the difference. That withholding usually runs less than 20%, commonly
less than 15% for working people and they get refunds back on that.
The bottom 40% contributes zero to the US Treasury. What refunds will
they get back from Fair Tax and how will those refunds be paid for on
the revenue side? What about taxpayers withheld at, say, a 30% rate
but who usually write off enough to have a final tax rate of under
20%? Like Donald Trump? Trust and believe, Trump will NOT like a
consumption tax.
What's going to happen when the working and middle classes see the
price of everything they buy go up 23% overnight but their income only
goes up 10-20%?
Are mortgages taxed? Cable TV? Will my Paramount and Curiosity
stream services be subject to this tax? Is my Internet bill going to
go up 23%? How about gasoline which is already taxed to hell and
back?
What your "Fair Tax" really is, is a tax increase for the bottom 50%
and a tax cut for the top 50%.
Actually, it's worse than that since the bottom 40% is paying nothing
at all. I'd bet cash that tax increase would hit at least the bottom
70% of taxpayers and the cut would affect at least the top 10%.
How long do you think the party that passed that tax would stay in
power? How fast do you think it would be repealed?
Not to mention that such a tax would induce a general depression.
Why haven't you addressed the economic shock such a tax change would
entail?
Look ... a "consumption tax" has a number of advantages
over the highly-corrupted/tweaked existing system. The
trick is to KEEP IT SIMPLE. Just DROP all the incomprehensible
nuances of the existing approach. Straight-up, buy a bag of
M&Ms or a house or a company and you pay X-percent.
What "X" may be - that's always negotiable.
IF combined with a paradigm to GROW the economy in
general and devolve "free-money politics" then "X"
can be fairly low.
And DO be reminded that almost NOBODY are millionaires
or billionaires so even if you confiscated ALL their
profits it wouldn't do SHIT for the deficit or anything
else.
The legend of "The Rich with basements full of
gold" sold by the commies has always been BULLSHIT. Real
money comes from continued commerce - successful biz
being even more successful.
On Sat, 14 Jan 2023 01:04:29 -0500, "26C.Z968" wrote:
Look ... a "consumption tax" has a number of advantages
over the highly-corrupted/tweaked existing system. The
trick is to KEEP IT SIMPLE. Just DROP all the incomprehensible
nuances of the existing approach. Straight-up, buy a bag of
M&Ms or a house or a company and you pay X-percent.
What "X" may be - that's always negotiable.
IF combined with a paradigm to GROW the economy in
general and devolve "free-money politics" then "X"
can be fairly low.
And DO be reminded that almost NOBODY are millionaires
or billionaires so even if you confiscated ALL their
profits it wouldn't do SHIT for the deficit or anything
else.
Which is bullshit. The Democrats raised taxes on the rich nowhere
near enough to confiscate *all their* wealth or income and those tax >increases not only presaged the biggest peacetime expansion in US
history, they put the US on a 20 year track to pay off the entire
national debt.
On 1/13/23 5:01 PM, Yak wrote:
On 1/13/23 4:42 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 09:02:55 -0500, Yak wrote:
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state
models for what is and is not taxable, that tax rate could easily
reach 40% just to remain tax neutral.
Must be common core math. The rate is 23%.
Ah . . . so it's *only* a 23% tax charge on every purchase I make?
And you expect the voters to fall for that?
SEC. 101. Imposition of sales tax.
“(a) In General.—There is hereby imposed a tax on the use or
consumption in the United States of taxable property or services.
“(b) Rate.—
“(1) FOR 2021 [year introduced] —In the calendar year 2021, the
rate of tax is 23 percent of the gross payments for the taxable
property or service.
I don't believe that rate is well thought out.
Yeah, well you're stupid in that way.
Does it account for
business to business exemptions? What else is exempt from
taxation? Is my power bill going to jump 23% or is electricity
exempted? What about food, which many states, like Florida, Texas
and California don't tax or labor and other services which Georgia,
for example, doesn't tax?  Tell me, what's mom going to do when
the grocery bill jumps 20%? She's going to cut back spending.Â
Everybody will cut back spending and the economic repercussions will
be terrifying.
And no, the elimination of income tax withheld is *not* enough to
make the difference. That withholding usually runs less than 20%,
commonly less than 15% for working people and they get refunds back
on that. The bottom 40% contributes zero to the US Treasury. What
refunds will they get back from Fair Tax and how will those refunds
be paid for on the revenue side? What about taxpayers withheld at,
say, a 30% rate but who usually write off enough to have a final tax
rate of under 20%? Like Donald Trump? Trust and believe, Trump
will NOT like a consumption tax.
What's going to happen when the working and middle classes see the
price of everything they buy go up 23% overnight but their income
only goes up 10-20%?
Are mortgages taxed? Cable TV? Will my Paramount and Curiosity
stream services be subject to this tax? Is my Internet bill going
to go up 23%? How about gasoline which is already taxed to hell
and back?
What your "Fair Tax" really is, is a tax increase for the bottom 50%
and a tax cut for the top 50%.
Actually, it's worse than that since the bottom 40% is paying
nothing at all. I'd bet cash that tax increase would hit at least
the bottom 70% of taxpayers and the cut would affect at least the
top 10%.
How long do you think the party that passed that tax would stay in
power? How fast do you think it would be repealed?
Not to mention that such a tax would induce a general depression.
Why haven't you addressed the economic shock such a tax change would
entail?
Look ... a "consumption tax" has a number of advantages
over the highly-corrupted/tweaked existing system. The
trick is to KEEP IT SIMPLE. Just DROP all the incomprehensible
nuances of the existing approach. Straight-up, buy a bag of
M&Ms or a house or a company and you pay X-percent.
On Fri, 13 Jan 2023 17:01:37 -0500, Yak <yak@inbox.com> wrote:
On 1/13/23 4:42 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 09:02:55 -0500, Yak wrote:
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state models >>>>> for what is and is not taxable, that tax rate could easily reach 40% >>>>> just to remain tax neutral.
Must be common core math. The rate is 23%.
Ah . . . so it's *only* a 23% tax charge on every purchase I make?
And you expect the voters to fall for that?
SEC. 101. Imposition of sales tax.
“(a) In General.—There is hereby imposed a tax on the use or consumption >> in the United States of taxable property or services.
“(b) Rate.—
“(1) FOR 2021 [year introduced] —In the calendar year 2021, the rate of >> tax is 23 percent of the gross payments for the taxable property or service. >>
I don't believe that rate is well thought out.
Yeah, well you're stupid in that way.
You're ignoring every question, every issue but I'm stupid?
You really don't know what you're talking about. You're parroting
some right wing radical bullshit from some dream world you enter when
you go to sleep at night. Take your paws out of your underwear and
learn to cope with reality.
How are you going to deal with working and middle class Americans
seeing an overnight inflation rate of 23% on a pay raise of between 15
and 20%?
What are you going to do about the recession/depression that WILL
occur after this insane tax plan goes into effect?
Swill
Does it account for
business to business exemptions? What else is exempt from taxation?
Is my power bill going to jump 23% or is electricity exempted? What
about food, which many states, like Florida, Texas and California
don't tax or labor and other services which Georgia, for example,
doesn't tax? Tell me, what's mom going to do when the grocery bill
jumps 20%? She's going to cut back spending. Everybody will cut back
spending and the economic repercussions will be terrifying.
And no, the elimination of income tax withheld is *not* enough to make
the difference. That withholding usually runs less than 20%, commonly
less than 15% for working people and they get refunds back on that.
The bottom 40% contributes zero to the US Treasury. What refunds will
they get back from Fair Tax and how will those refunds be paid for on
the revenue side? What about taxpayers withheld at, say, a 30% rate
but who usually write off enough to have a final tax rate of under
20%? Like Donald Trump? Trust and believe, Trump will NOT like a
consumption tax.
What's going to happen when the working and middle classes see the
price of everything they buy go up 23% overnight but their income only
goes up 10-20%?
Are mortgages taxed? Cable TV? Will my Paramount and Curiosity
stream services be subject to this tax? Is my Internet bill going to
go up 23%? How about gasoline which is already taxed to hell and
back?
What your "Fair Tax" really is, is a tax increase for the bottom 50%
and a tax cut for the top 50%.
Actually, it's worse than that since the bottom 40% is paying nothing
at all. I'd bet cash that tax increase would hit at least the bottom
70% of taxpayers and the cut would affect at least the top 10%.
How long do you think the party that passed that tax would stay in
power? How fast do you think it would be repealed?
Not to mention that such a tax would induce a general depression.
Why haven't you addressed the economic shock such a tax change would
entail?
Swill
On 1/13/23 11:36 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 17:01:37 -0500, Yak <yak@inbox.com> wrote:
On 1/13/23 4:42 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 09:02:55 -0500, Yak wrote:
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state models >>>>>> for what is and is not taxable, that tax rate could easily reach 40% >>>>>> just to remain tax neutral.
Must be common core math. The rate is 23%.
Ah . . . so it's *only* a 23% tax charge on every purchase I make?
And you expect the voters to fall for that?
SEC. 101. Imposition of sales tax.
“(a) In General.—There is hereby imposed a tax on the use or consumption >>> in the United States of taxable property or services.
“(b) Rate.—
“(1) FOR 2021 [year introduced] —In the calendar year 2021, the rate of
tax is 23 percent of the gross payments for the taxable property or service.
I don't believe that rate is well thought out.
Yeah, well you're stupid in that way.
You're ignoring every question, every issue but I'm stupid?
Yeah, you are. Because every last bit of what you are spouting is based
on, and backed up by...well...nothing. Not a chance I take your word on >faith.
How are you going to deal with working and middle class Americans
seeing an overnight inflation rate of 23% on a pay raise of between 15
and 20%?
What are you going to do about the recession/depression that WILL
occur after this insane tax plan goes into effect?
Does it account for business to business exemptions?
What else is exempt from taxation?
Is my power bill going to jump 23% or is electricity exempted?
Whatabout food, which many states, like Florida, Texas and California
don't tax or labor and other services which Georgia, for example,
doesn't tax?
Tell me, what's mom going to do when the grocery bill
jumps 20%?
You really don't know what you're talking about. You're parroting
some right wing radical bullshit from some dream world you enter when
you go to sleep at night. Take your paws out of your underwear and
learn to cope with the real world as it actually is.
And no, the elimination of income tax withheld is *not* enough to make >>>> the difference. That withholding usually runs less than 20%, commonly >>>> less than 15% for working people and they get refunds back on that.
The bottom 40% contributes zero to the US Treasury.
What your "Fair Tax" really is, is a tax increase for the bottom 50%
and a tax cut for the top 50%.
Actually, it's worse than that since the bottom 40% is paying nothing
at all. I'd bet cash that tax increase would hit at least the bottom
70% of taxpayers and the cut would affect at least the top 10%.
Not to mention that such a tax would induce a general depression.
"26C.Z968" <26C.Z968@noaada.net> wrote in >news:PNqdnQvAC8ii21_-nZ2dnZfqnPadnZ2d@earthlink.com:
On 1/13/23 5:01 PM, Yak wrote:
On 1/13/23 4:42 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 09:02:55 -0500, Yak wrote:
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state
models for what is and is not taxable, that tax rate could easily
reach 40% just to remain tax neutral.
Must be common core math. The rate is 23%.
Ah . . . so it's *only* a 23% tax charge on every purchase I make?
And you expect the voters to fall for that?
SEC. 101. Imposition of sales tax.
“(a) In General.—There is hereby imposed a tax on the use or
consumption in the United States of taxable property or services.
“(b) Rate.—
“(1) FOR 2021 [year introduced] —In the calendar year 2021, the
rate of tax is 23 percent of the gross payments for the taxable
property or service.
I don't believe that rate is well thought out.
Yeah, well you're stupid in that way.
Does it account for
business to business exemptions? What else is exempt from
taxation? Is my power bill going to jump 23% or is electricity
exempted? What about food, which many states, like Florida, Texas
and California don't tax or labor and other services which Georgia,
for example, doesn't tax?  Tell me, what's mom going to do when
the grocery bill jumps 20%? She's going to cut back spending.Â
Everybody will cut back spending and the economic repercussions will
be terrifying.
And no, the elimination of income tax withheld is *not* enough to
make the difference. That withholding usually runs less than 20%,
commonly less than 15% for working people and they get refunds back
on that. The bottom 40% contributes zero to the US Treasury. What
refunds will they get back from Fair Tax and how will those refunds
be paid for on the revenue side? What about taxpayers withheld at,
say, a 30% rate but who usually write off enough to have a final tax
rate of under 20%? Like Donald Trump? Trust and believe, Trump
will NOT like a consumption tax.
What's going to happen when the working and middle classes see the
price of everything they buy go up 23% overnight but their income
only goes up 10-20%?
Are mortgages taxed? Cable TV? Will my Paramount and Curiosity
stream services be subject to this tax? Is my Internet bill going
to go up 23%? How about gasoline which is already taxed to hell
and back?
What your "Fair Tax" really is, is a tax increase for the bottom 50%
and a tax cut for the top 50%.
Actually, it's worse than that since the bottom 40% is paying
nothing at all. I'd bet cash that tax increase would hit at least
the bottom 70% of taxpayers and the cut would affect at least the
top 10%.
How long do you think the party that passed that tax would stay in
power? How fast do you think it would be repealed?
Not to mention that such a tax would induce a general depression.
Why haven't you addressed the economic shock such a tax change would
entail?
Look ... a "consumption tax" has a number of advantages
over the highly-corrupted/tweaked existing system. The
trick is to KEEP IT SIMPLE. Just DROP all the incomprehensible
nuances of the existing approach. Straight-up, buy a bag of
M&Ms or a house or a company and you pay X-percent.
So a millionaire can park his money
unused and untaxed in an overseas account
but working Americans who spend everything
they make just to stay alive pay the
consumption taxes.
And if they get hit with medical bills
they pay taxes on those while the millionaire
can just go abroad for their treatments
("medical tourism") and pay no taxes. Great.
On 1/13/23 11:36 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 17:01:37 -0500, Yak <yak@inbox.com> wrote:
On 1/13/23 4:42 PM, governor.swill@gmail.com wrote:
On Fri, 13 Jan 2023 09:02:55 -0500, Yak wrote:
On 1/12/23 11:09 PM, governor.swill@gmail.com wrote:
On Thu, 12 Jan 2023 16:30:28 -0500, Yak <yak@inbox.com> wrote:
On 1/12/23 4:23 PM, super70s wrote:
Now D.C. Republicans want a 40% national sales tax
Nope.
Yep. Did the math. If a national sales tax uses common state models >>>>>> for what is and is not taxable, that tax rate could easily reach 40% >>>>>> just to remain tax neutral.
Must be common core math. The rate is 23%.
Ah . . . so it's *only* a 23% tax charge on every purchase I make?
And you expect the voters to fall for that?
SEC. 101. Imposition of sales tax.
“(a) In General.—There is hereby imposed a tax on the use or consumption >>> in the United States of taxable property or services.
“(b) Rate.—
“(1) FOR 2021 [year introduced] —In the calendar year 2021, the rate of
tax is 23 percent of the gross payments for the taxable property or service.
I don't believe that rate is well thought out.
Yeah, well you're stupid in that way.
You're ignoring every question, every issue but I'm stupid?
Yeah, you are. Because every last bit of what you are spouting is based
on, and backed up by...well...nothing. Not a chance I take your word on >faith.
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