At 9/8/05 03:30 PM, TBlade87 wrote:
That would be a terrible bill. the goverment makes the majority of it's income threw Tax.
Of course it does. Under this bill, the FairTax bill, they would still make the majority of their income off of tax.
Having only a massive sales tax would be bad because then the govermaent wouldn't be able to keep track of income records.
That's the stupidest thing I've ever heard. The only reason government needs to keep track of income records is to take income taxes. If you base taxes off of income, then you don't need to keep income records.
The only reason people stress come april is their procrastination. I know a good amount of people that finish it months befor.
With the sales tax, you wouldn't have to worry about it period.
And the idea of living off the goverment is sickening to me. I couldn't respect myself if I couldn't support myself. And I would start to hate the poeple who live off my taxes.
That's irrelevant. This has nothing to do with welfare. If you want to moan about the welfare system, do it in a thread that is marked for that purpose.
At 9/8/05 03:46 PM, Nomader wrote:
Federal Sales Tax? Yet another way for the government to rip money out of your pocket. No. This is what would happen.
I'm sorry, but that's a ripoff.
Oh, but it's not a ripoff to get your paycheck stub for $1000 gross pay, but only $600 take home pay? It's not a ripoff that large percentages of your paycheck are gone to the federal government before you even have a chance to see it?
At 9/8/05 07:57 PM, Jimsween wrote:
An income tax is better than a sales tax because it encourages spending money instead of saving it. And money spent stimulates the economy.
Sure, there'll be an economic correction in which sales will slow down for a bit, but people will still continue to buy luxury items.
And honestly, looking at the numbers of people with credit card debt, it might not hurt the economy too badly. After all, if people save money for a few years to get themselves out of debt, then they will be able to purchase goods freely later on, while under the income tax system, it might be more difficult for them to do so.
At 9/8/05 08:02 PM, NarcolepticAlarmClok wrote:
OMFG! Dude, that sounds freakin awesome! But, wait... who will feed the endless void of our nation's deficit? ...n00b, the money you may make off the gov't today is the money you'll have to give back to the gov't tommorrow.
This isn't a reduction in government revenue. It's just a difference in how the revenue is collected. The solution to the deficit is more responsible government spending, not punitive tax hikes.