What do you think? Will it happen.
Honestly I don’t think it will ever happen. Do I want it to happen. Oh heck yes.
Honestly I don’t think it will ever happen. Do I want it to happen. Oh heck yes.
No Income Tax
- Thread starter TravelDawg04
- Start date
The VAT or sales tax would be nice, but I don’t see it working unless there was some kind of minimum bracketed tax on people. The VAT is the fairest tax because it catches everyone, but you know there would be loopholes provided for the “poor”.
Neil Boortz supported the fair tax idea which was a federal sales tax which would give graduated rebates to those that fell under a certain income level. At the time it was somewhere around 15% which seems stiff but not so much if you made 1000.00 per week and got a net paycheck for 1000.00
Having said that, I see no way we abolish the income tax. It's a powerful tool of control that I don't think a majority of pols will ever support.
I unfortunately agree with you. The lobbies by tax attorneys/accountants are powerful ones.
It would completely unleash our economy though.
Thanks for the trip down memory lane with Neil "SAWB" Boortz! Ahh yes, the Fair Tax.
Agree that I don't see how any major reform can happen. The tax code is so powerful in DC and offers employment to way too many accountants, lawyers and lobbyists. And true reform would require Congress to actually do something and other than spending money they don't really do anything other than campaign for re-election.
Would be nice if they weren’t incompetent. Or actually worked. I wrote a quarterly check to them in December. Still hasn’t been applied yet. It is just sitting out there in limbo. The most idiotic form of government ever.
Wonder how many of the 70,000 were DEI hires...
Well, they have to complete 1yr of probation, they can be fired/not retained literally on the 364th day. So I know Trump and DOGE knows this also.
Speaking of “offers employment to way too many accountants” has Trump halted the Inflation Reduction Act (hiring thousands of IRS auditors to target the working population) yet?
It’s too late for me but I think a VAT would work. Several states already have additional sales tax with no income tax or property tax so there are examples of how it should snd could work.
He said he might deploy them to the border! Better use of them than hassling grandma's for missing 1099's IMO.
This, and also the tax industry is too big. It would cause a massive disruption if we abolished it. I’m totally in favor of it, but it will never happen.
I do not believe that lobby is the problem. The problem is the power to tax gives the elected officials the power to rule over us. Every group goes to them begging for help which gives them power. Only term limits would solve this.
Wholeheartedly agree on term limits.
The income tax is a way to influence behavior, ..if the federal govt wants you to buy more houses, ...they will give more credits,...if they want you to purchase health insurance and you do not,...then you will get sacked with a hundred or so dollars per month that you were delinquent,....if the federal govt is chill at a certain time, then you can do free version of turbo tax
This whole concept would really screw over old people who live off social security. Of course that is exactly what he and his billionaire friends want to do. Because they really don’t give a sh.t about people. They only care about how much more money they can make.
If you think there’s corruption with income taxes, VAT’s take it up another couple notches. Also, their definition of value is the same definition that Vladimir Lenin used for value : that being the more work put into an object the more value it has.
I have read both of Boortz's books. UN fairtax won;t work. It would be great to eliminate having to file taxes on April 15th but other problems would be worse. One point is to eliminate the IRS. However a new Federal department would be established to collect the tax and distribute it.
Most important it starts a new tax on services. When my wife gets her hair done that $100 charge will get a $30 Fairtax added. My doctor visit would go from $200 to $260. My car insurance bill would go from $1000 per 6 months to $1300.
ETC, ETC,ETC,
Not really worth debating because the income tax isn't going anywhere but the 30% number is a scare tactic used by opponents by claiming it would be 23% of .77 cents instead of 23% of every dollar. We've been collecting sales taxes forever and it's always based on a percentage of a dollar.
Additionally, if your wife earned 1k per week, she would receive her entire $1000.00 plus a $121.00 per week prebate. So, she could get a hair cut every week and still have $998.00 in her pocket. Additionally, you could get into the weeds and start deducting the price of embedded taxes that are hidden in the prices of everything we produce etc but it's not quite as simple as adding fair tax dollars to existing prices. Our taxation system is an albatross.
There's been a huge missed opportunity, IMO, in not re-branding the FairTax as a silver bullet for AmericaFirst economic policy.
For example, the prebate aspect of the FairTax (which gives a tax credit to Americans to offset sales taxes up to a certain level of spending) is the best way to create an economic system that is explicitly-pro-citizen. By banning immigrants (legal and illegal) from receiving a prebate, you create an environment where everyone pays taxes with citizens paying a lower rate.
That would be even more effective than taxing remittances.
I understand this view, but it is worth noting that Republicans have been successful at eliminating income taxes at a state level.
