Let me know what you think

[Guest]

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mlk_man wrote:

Mike wrote:

FWIW, "the flat tax" is a phrase that is associated with a flat income tax. A national sales tax is a whole other animal.

That's what threw me off.................:^I like the idea of a flat tax with no deductions.

The new system is being called a lot of things, flat tax, value added tax and national sales tax. You will see it should be called the stick it to the middle class tax.

But keep wearing the rosy color glasses. I got a PhD in mathematics and have crushed the numbers....squeeze, squeeze, squeeze. Keep in mind the states will want their taxes also that will not change.

Good luck!

Bill

 

[Guest]

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grandma wrote:

N-aw-t hardly, Dakota, not hardly........

Ut oh, an Arkansanian.......................welcome grandma..............

 

[Guest]

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Dakota wrote:

I like the horns too, make it to austin lots, love it good luck MM

only two kinds of people Texans and those who would like to be

I grew up in a small town about 60 miles north of Austin called Lampasas. Had lots of fun road trips to Austin. Also like Marble Falls, Burnet, and lets not forget the lakes............ahhhh, memories....................now I got that damn song in my head! Thanks................:^

 

[Guest]

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Flat tax, consumption tax... another problem. We will stilllikely keepsome agency to account for, manage, assess and distribute tax relief to those at or under the poverty (there will also have to be accountants to determine who is eligible) line.

If much of the rational is to accrue savings from reducing the sizeof gov't., we will find that these $ are elusive.

However, it would be nice to find a way to tax the underground economy, i.e. drug traffickers, etc.

 

[Guest]

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Does the wink really mean, taxing the oldest profession? When we start collecting taxes from drug dealers I am leaving this country. Hey this is not Afganistan.

bill

 

[Guest]

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Chaplain wrote:

Flat tax, consumption tax... another problem. We will stilllikely keepsome agency to account for, manage, assess and distribute tax relief to those at or under the poverty (there will also have to be accountants to determine who is eligible) line.

If much of the rational is to accrue savings from reducing the sizeof gov't., we will find that these $ are elusive.

However, it would be nice to find a way to tax the underground economy, i.e. drug traffickers, etc.

I believe this is the reasoning behind the consumption tax. These guys aren't reporting it on their income tax, but they do buy things.............:^

 

[Guest]

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Overlooking it is condoning it.

Bottom line: The people that have little extra cash are the ones that are going to pay the highest ratio of tax...lower/middle class. The upper class do not live from check to check. Say your grocery bill is $1000 a month. With the new tax your grocery bill will now be $1230 as an example. Like the two party system we now have...we will go to the two classes of people. Scrappers and Winners.

Good luck!

 

[Spaf]

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HeyMT I need some humor! PS: Enjoyed your posts

How about this: We might as well tax the drug dealers and the oldest profession cause they will be the new middle class. Sorry, but U can't leave the country with the $ in the toilet. Maybe, we could be part time tax collectors, "Officer I was only........
Don't worry about Afganistan, they will apply for statehood, just any time now.

 

[Guest]

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MarketTimer wrote:

Overlooking it is condoning it.

Bottom line: The people that have little extra cash are the ones that are going to pay the highest ratio of tax...lower/middle class. The upper class do not live from check to check. Say your grocery bill is $1000 a month. With the new tax your grocery bill will now be $1230 as an example. Like the two party system we now have...we will go to the two classes of people. Scrappers and Winners.

Good luck!

MT, I believe you said that 23% is the "max". Do you really think someone living pay check to pay check is going to be paying 23%? Also, are you sure groceries will be included in this tax? I'm sure there will be some "provision" where you get a "grocery credit" or something for each child you have.............

Just my opinion......................I have a little more confidence in our govt., key word: little..............:^

 

[Wheels]

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MarketTimer wrote:

Think I am crazy?

Yes. And a bullshitter too.

Dave

 

[Mike]

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One unintended consequence of a 20+% income tax rate on everyone: it would strongly encourage us to pay closer attention to what the idiots in Congress are doing with our money. Millions of people currently pay no federal income tax or very little. These people have no real incentive to scrutinize what the government is doing with tax dollars (since the gov't doesn't have their tax dollars). This would probably change quite drastically as soon as these people suddenly see nearly 1/4 of their money vanish before they ever see their checks.

So perhaps a tax hike for a lot of people is a good thing... because in the long term, we'd probably end up with lower tax rates, lower spending, and greater civic involvement. Maybe.

 

[Guest]

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Wheels wrote:

MarketTimer wrote:

Think I am crazy?

Yes. And a bullshitter too.

Dave

HEHEHEHEHEHEH

 

[Guest]

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Yeah and there is money in the G Fund too. That has all been cleared out to pay for treasury bondinterest along with the social security "lock box".

Wheels yourcreative one lines are not appreciated if you add NOTHING to conversations. It is probably you that is going to be hardest hit by the national sales tax...my tax rate is going going down by nearly half. Yours is probably doubling. You may want to be prepared for this.

Good luck!

 

[Guest]

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Wheels wrote:

MarketTimer wrote:

Think I am crazy?

Yes. And a bullshitter too.

Dave

Dave,

Amazing. You made three grammatical mistakes in a one liner. Keep up the great work! Your idiotically input isappreciated by all.

Crunch your own numbers. The rich are getting another massive tax cut on the backs of the lower/middle income class.

I am just trying to help people on this board to realize the implications of the national sales tax on their budget. The numbers speak for themselves. If you would take the time to figure it out for yourself you will see what I mean. But I guess that would mean you would have to do something foreign to you and think for yourself. Which it probably very hard for you.

Your personal attack on meare fine. However,please do not use that type of language on this board.

Have a great day!

Bill

 

[Guest]

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I changed my stance on the National Income Tax Legislation...I am all for it 100% . Dear Santa I want a 50% tax cut!!!!

I bring up a topic that is extremely important to this board and get this kind of crap from the One Liner Brothers.

I hope it passes quickly and is retroactive to 1 January 2005.

Like I have been saying and getting bashed for it is; pay off consumer debt and build an emergency fund and start crunching numbers for your budgets.

TSP will be totally worthless to you because you will not have the funds for investing...your expendable income will evaporate with a stoke of a pen because your tax rate will double.

Hehehehe

:shock:



mlk_man wrote:

Wheels wrote:

MarketTimer wrote:

Think I am crazy?

Yes. And a bullshitter too.

Dave

HEHEHEHEHEHEH

 

[Wheels]

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1. I was a member on this board from the beginning when Tom, and I, and Eukrate, and Zbwmy, and many others were exchanging valid and useful ideas. It is you that adds nothing to the conversation.

2. You accusing anyone of making grammatical or spelling errors is absolutely laughable. You are a fool.

3. I apologize for the language. I will re-state it. You are a liar.

Dave

Feel free to beat your chest all you like now. I will not respond further.

 

[Show-me]

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:end:but that's the way we like it. Just be glad we have freedom to complain.

 

[Guest]

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Wheels wrote:

1. I was a member on this board from the beginning when Tom, and I, and Eukrate, and Zbwmy, and many others were exchanging valid and useful ideas. It is you that adds nothing to the conversation.

2. You accusing anyone of making grammatical or spelling errors is absolutely laughable. You are a fool.

3. I apologize for the language. I will re-state it. You are a liar.

Dave

Feel free to beat your chest all you like now. I will not respond further.

No need to beat my chest because I know I am not a fool or a liar.

Have a good time in the matrix. Everything is great!

However if I can be the white rabbit and help someone become a Neo that will be great.

Bash me all you what. Take the blinders off and think large picture. There a couple people here that are doing that now with my posts.

 

[ducklips]

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I think everyone needs to go to fairtax.org and make their own minds up about the proposal,but 1 thing I will add.All goods and services will be reduced by 23-25% when they eliminate all the hidden taxes that are included in the costs of those goods.Also I listen to talk radio a great deal.1 of the sponsors of the bill was on Allan Combs and stated that you actually would pay closer to 30% sales tax under the fair tax plan.Lastly we all would receive a monthly rebate based on the poverty level for your size family(Family of 4 would get roughly $450/per month based on 24,000 income) for ecential goods and services.I hope this clears up some questions.Excuse my poor spelling.Dave

 

[Guest]

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Dave,

Is ducklips like cameltoe?

You are onboard for the rebate system? If you do everything right and check all the boxes correct we will GIVE YOUR money back??? That is socialism my friend. We are changing our system to be more like the European system - with their 0% growth rate and double digit unemployment - that makes sense to me!!!

What will the cost of doing tax returns 12 times (each month) instead of once??? Do you think you will get your rebate in a timely fashion???

If you factor in all the increases (services are 25% and the increased property tax liability) you are looking at 50% tax increase.

Oh yeah, never use one source to gather info. You need to check out more sites on this issue then fairtax.They will have the point of view of their donar base. Never, never trust a donar based site - that is a lobby group.

Morpheus

:x