[dunerunner]

An absolute shocker to those who currently pay NONE!!

I've always believed that the cost savings alone in eliminating the IRS and all the paperwork would pay for a flat 10% tax for everyone, regardless of income.

[Kimber45]

Originally Posted by Angry_bald_guy

I personally think a flat tax would be more appropriate. Set it at 17% and go with it.

I like this game, sort of like limbo where the bar keeps dropping and dropping. So far we have gone from 30% to 17%, I propose 12% . . . No wait, 10% . . . No, heck isn't a federal income tax illegal, didn't rooooosevelt add this to our burden as "Temporary" tax, one that would be eliminated after it served it's purpose? Hmmm, how do we get it repealed, or can we?

[dunerunner]

Can't...we have elected to have a standing army. And all the bureaucracy that has been created since the camel stuck it's nose under the tent with Roosevelt!!

They are now entrenched!!

[Kimber45]

Originally Posted by dunerunner

An absolute shocker to those who currently pay NONE!!

I've always believed that the cost savings alone in eliminating the IRS and all the paperwork would pay for a flat 10% tax for everyone, regardless of income.

Ladies & Gentlemen we have a winner!!!!! Your prize is an all expense paid trip to the whore house of your choice in downtown tijuana paid for by the good people of your state. Medical bills after your visit and not covered, sorry.

[Angry_bald_guy]

Originally Posted by Kimber45

I like this game, sort of like limbo where the bar keeps dropping and dropping. So far we have gone from 30% to 17%, I propose 12% . . . No wait, 10% . . . No, heck isn't a federal income tax illegal, didn't rooooosevelt add this to our burden as "Temporary" tax, one that would be eliminated after it served it's purpose? Hmmm, how do we get it repealed, or can we?

17% flat tax on all positive monetary gains would pay off the debt in 16 years
(would have been 8, but Obama just HAD to have his healthcare bill...), especially if SS and Welfare are no longer an issue. No exemptions from payment, no deductions from taxes, no administrative costs for the IRS, and no "middle class funding everything" bullshit. It's fair, it works, and it's not nearly as intrusive as our current system of taxation.

[Kimber45]

Originally Posted by dunerunner

Can't...we have elected to have a standing army. And all the bureaucracy that has been created since the camel stuck it's nose under the tent with Roosevelt!!

They are now entrenched!!

Isn't there a quote from one of our founding fathers saying some thing to the effect that a central bank is more a threat to us than that a standing army and now we have both!

[Kimber45]

Originally Posted by Angry_bald_guy

17% flat tax on all positive monetary gains would pay off the debt in 16 years
(would have been 8, but Obama just HAD to have his healthcare bill...), especially if SS and Welfare are no longer an issue. No exemptions from payment, no deductions from taxes, no administrative costs for the IRS, and no "middle class funding everything" bullshit. It's fair, it works, and it's not nearly as intrusive as our current system of taxation.

It would get my vote.

[Angry_bald_guy]

Originally Posted by Kimber45

It would get my vote.

Not to mention that it would also include a "death tax" of sorts. Notice that it says ALL POSITIVE MONETARY GAINS. That includes stock dividends, inheritances, gifts, private sales, employer bonuses, and anything else that would put cash money into your pocket. If you were to inherit a business though, since it is not a liquid asset, you would not pay a tax on it, so you would not have to sell it. Any money that was made from the business would be taxed though. See how it works out? The family farm would stay in the family, the family business would stay in the family, the family car that was passed down would stay in the family, but the $15mil bank account would be taxed at 17%. It evens out and everyone is happy.

[robocop10mm]

Originally Posted by Kimber45

I like this game, sort of like limbo where the bar keeps dropping and dropping. So far we have gone from 30% to 17%, I propose 12% . . . No wait, 10% . . . No, heck isn't a federal income tax illegal, didn't rooooosevelt add this to our burden as "Temporary" tax, one that would be eliminated after it served it's purpose? Hmmm, how do we get it repealed, or can we?

The 16th Amendment to US Constitution was officially ratified in 1913, long before Franklin Roosevelt was elected to the Presidency. It was proposed in Congress in 1909 after Theodore Roosevelt had left office. I find nothing ion the wording of the Ammendment that makes it temporary. It was, however, originally proposed as a 2% tax (my how times have changed).

[Kimber45]

Originally Posted by Angry_bald_guy

Not to mention that it would also include a "death tax" of sorts. Notice that it says ALL POSITIVE MONETARY GAINS. That includes stock dividends, inheritances, gifts, private sales, employer bonuses, and anything else that would put cash money into your pocket. If you were to inherit a business though, since it is not a liquid asset, you would not pay a tax on it, so you would not have to sell it. Any money that was made from the business would be taxed though. See how it works out? The family farm would stay in the family, the family business would stay in the family, the family car that was passed down would stay in the family, but the $15mil bank account would be taxed at 17%. It evens out and everyone is happy.

IF, read BIG IF, we could get a bill like that passed without them changing anything or adding anything than maybe, just maybe the 17% flat tax would work. I don't like the word fair, it means too many different things to people. Fair is not equal