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![]() "gfn" wrote in message ... On May 25, 3:18 pm, RD Sandman wrote: gfn wrote : On May 24, 3:00 pm, RD Sandman wrote: gfn wrote innews:fafaebf4-7788-4906-a699-839c2c5dac6b@ s2g2000yql.googlegroups.com: On May 24, 2:34 pm, RD Sandman wrote: gfn wrote innews:5111f00d-80ed-4513-9bae-c9a63b5cdb40@ x3g2000yqj.googlegroups.com: On May 24, 1:23 pm, RD Sandman wrote: gfn wrote in news:75946acf-fb50-4a71-9677-e0b1afec14b0 @w19g2000yql.googlegroups.com: On May 24, 11:24 am, John Smith wrote: On 5/24/2011 8:20 AM, gfn wrote: ... Where are some credible souces to back up any of that innuendo you keep attempting to push? Truth is, sure looks like the wealthiest 1% are not paying 42% of all of governments costs, and sure looks like the top 19% are not paying half of governments costs, until that happens they are NOT paying their fair share ... a flat tax can fix that ... Regards, JS I already said the tax data is at irs.gov Now, as for a flat tax I agree with you 100%. The one I advocate is the FairTax. That is not a flat tax, it is a sales tax. It's a sales tax but it is flat. It's a flat 23%. You had better spend some time learning what a flat tax is. I'm perfectly familiar with a flat tax. Not sure about that since it has nothing to do with sales. Sure I do. The "flat tax" has the government deriving its revenue from the income tax. Yep....at a flat rate for everybody. As does the FairTax. Best part is the consumer pays it only when they buy something. They decide when to pay it, not when the government decides you owe it on payday. The FairTax is related because it is a flat sales tax that generates revenue from sales. It replaces the income tax as the method of funding government. If you fully understand the FairTax you will see exactly where I am coming from. Then to keep it from becoming regressive you must drop that sales tax from certain items, like food, housing, public transportation, gasoline, etc.. or you end up with the poor paying a much larger percentage of their income on those taxes than the wealthy. Nope, There are two reasons why it's not regressive. First, people pay no net FairTax at all up to the poverty level. Every household receives a rebate that is equal to the FairTax paid on essential goods and services. How exactly do you determine what are "essential goods and services" never mind how much such "essential goods and services" a particular household requires? Let's take an example. A poor family is an old but well insulated house. High effeciency heating system. Pays $200 for heating. Another poor family in a old, uninsulated and drafty house with an old heating system. Pays $450 for heating. Do you effectively impose a tax on one poor family and/or pay the other for non-essential goods and services? Because what would be essential for one family might be nothing more than a luxury for the other. So, please define for me exactly how you determine the EXACT nature of essential goods and services for each household and exactly how much they spent on such goods and services. Second, per my example an item that costs $100 today still costs $100 under the FairTax. If that's regressive then sign me up. Hmmm... you impose a tax, and then state you're going to collect nothing in taxes.... The poor are always going to pay a larger percentage of their income on everything. No tax system is going to change that. Isn't that what the bulk of this thread is about? Not necessarily. Look at some of the living expenses of the wealthy, or better yet those who were wealthy that no longer are. |
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