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--- OT Get ready America
While I support the idea of a flat tax, the rich would never go for it. I don't however understand how a consumption tax would put most of the burden on the poor and middle class. Isn't it supposed to work so that the more you spend the more you pay, much like sales tax? If so the rich guys that buy 300.00 shoes would be paying more taxes than I would for my 40.00 Wal-Mart shoes. Maybe I misunderstood how it works and if so I'd appreciate it if someone could explain it to me. "Tax Man" news:42279A67.1030707@thelittleman.net... With a consumption tax, the low and middle income > earners would pay all of the tax and the rich man would pay even less. > Americans had better start raising hell with their congressmen and > senators now to stop this before it gains anymore momentum. The only > fair income tax replacement would be a flat tax with the standard > deduction and the family member exemptions and no other deductions or > loopholes. Please help spread the word. >
On Fri, 4 Mar 2005 00:35:38 -0600, "Deb" >While I support the idea of a flat tax, the rich would never go for it. I >don't however understand how a consumption tax would put most of the burden >on the poor and middle class. Isn't it supposed to work so that the more you >spend the more you pay, much like sales tax? If so the rich guys that buy >300.00 shoes would be paying more taxes than I would for my 40.00 Wal-Mart >shoes. Maybe I misunderstood how it works and if so I'd appreciate it if >someone could explain it to me. Yea, that goes for me too. As I understand a consumption/sales tax plan, it's as Deb says, the more you spend, the more tax(es) you pay. But of course, our dear, beloved government would never make it simple for the average joe. One thing that will really be a sticking point: the carved in stone, bathed in blood, don't touch my - "Mortgage Interest Deduction". If it weren't so important, it could be fun to watch this thing work out. And, as all things in Government, eventually unravel. Oh well back to the bushes. Remember, Lurking is not a sin, only an obsession. Ciao!!
Deb wrote: > While I support the idea of a flat tax, the rich would never go for it. I > don't however understand how a consumption tax would put most of the burden > on the poor and middle class. Isn't it supposed to work so that the more you > spend the more you pay, much like sales tax? If so the rich guys that buy > 300.00 shoes would be paying more taxes than I would for my 40.00 Wal-Mart > shoes. Maybe I misunderstood how it works and if so I'd appreciate it if > someone could explain it to me. Most low and middle income earners spend all the make and more. This would mean they would pay tax on every dollar they earn. The rich man could have millions or billions that he wouldn't spend and pay no tax at all on this money. > > > "Tax Man" > news:42279A67.1030707@thelittleman.net... > With a consumption tax, the low and middle income > >>earners would pay all of the tax and the rich man would pay even less. >>Americans had better start raising hell with their congressmen and >>senators now to stop this before it gains anymore momentum. The only >>fair income tax replacement would be a flat tax with the standard >>deduction and the family member exemptions and no other deductions or >>loopholes. Please help spread the word. >> > > >
But the rich man would still be contributing more actual tax dollars because he would be spending more. Using your way of thinking we should do an income test to figure out how much each person should pay for a Big Mac, because the current cost of one is a smaller part of a rich persons income than it is for a poor person. In life things are never 100% fair and efforts to set up the tax code to compensate for disparate incomes only resulted in loopholes exploited by those who can afford a tax attorney. A consumption tax or a flat rate tax would be much closer to fair than what we have now. Debra "Tax Man" news:422893E1.9040203@thelittleman.net... > > > Deb wrote: > > While I support the idea of a flat tax, the rich would never go for it. I > > don't however understand how a consumption tax would put most of the burden > > on the poor and middle class. Isn't it supposed to work so that the more you > > spend the more you pay, much like sales tax? If so the rich guys that buy > > 300.00 shoes would be paying more taxes than I would for my 40.00 Wal-Mart > > shoes. Maybe I misunderstood how it works and if so I'd appreciate it if > > someone could explain it to me. > > Most low and middle income earners spend all the make and more. This > would mean they would pay tax on every dollar they earn. The rich man > could have millions or billions that he wouldn't spend and pay no tax at > all on this money. > > > > > > > > > "Tax Man" > > news:42279A67.1030707@thelittleman.net... > > With a consumption tax, the low and middle income > > > >>earners would pay all of the tax and the rich man would pay even less. > >>Americans had better start raising hell with their congressmen and > >>senators now to stop this before it gains anymore momentum. The only > >>fair income tax replacement would be a flat tax with the standard > >>deduction and the family member exemptions and no other deductions or > >>loopholes. Please help spread the word. > >> > > > > > > >
Deb wrote: > But the rich man would still be contributing more actual tax dollars because > he would be spending more. Using your way of thinking we should do an income > test to figure out how much each person should pay for a Big Mac, because > the current cost of one is a smaller part of a rich persons income than it > is for a poor person. In life things are never 100% fair and efforts to set > up the tax code to compensate for disparate incomes only resulted in > loopholes exploited by those who can afford a tax attorney. A consumption > tax or a flat rate tax would be much closer to fair than what we have now. > > Debra > Yes a flat tax would be more fair but a consumption tax would not. > > "Tax Man" > news:422893E1.9040203@thelittleman.net... > >> >>Deb wrote: >> >>>While I support the idea of a flat tax, the rich would never go for it. >> > I > >>>don't however understand how a consumption tax would put most of the >> > burden > >>>on the poor and middle class. Isn't it supposed to work so that the more >> > you > >>>spend the more you pay, much like sales tax? If so the rich guys that >> > buy > >>>300.00 shoes would be paying more taxes than I would for my 40.00 >> > Wal-Mart > >>>shoes. Maybe I misunderstood how it works and if so I'd appreciate it if >>>someone could explain it to me. >> >>Most low and middle income earners spend all the make and more. This >>would mean they would pay tax on every dollar they earn. The rich man >>could have millions or billions that he wouldn't spend and pay no tax at >>all on this money. >> >> >> >> >>> >>>"Tax Man" >>>news:42279A67.1030707@thelittleman.net... >>> With a consumption tax, the low and middle income >>> >>> >>>>earners would pay all of the tax and the rich man would pay even less. >>>>Americans had better start raising hell with their congressmen and >>>>senators now to stop this before it gains anymore momentum. The only >>>>fair income tax replacement would be a flat tax with the standard >>>>deduction and the family member exemptions and no other deductions or >>>>loopholes. Please help spread the word. >>>> >>> >>> >>> > > 1 2 3 Next » Related Discussion: Chinese study results in 40% increase in anti-inflammatory conditions. (2 posts) Boston Scientific defective medical devices (1 posts) Insulin pump OK for preschoolers with diabetes (1 posts) Weight Loss Surgery Can Cure Diabetes (1 posts) Top Discussions From Our Archives Should "fat" be considered an organ in the obese: Study Hair Removal Tips for The Summer! Other Discussion Categories Diabetes Symptoms Health Care Policy Health Care Providers HMO Arthritis Symptoms Oops!!! Unexpected Error While Reading the Feed
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