National Sales Tax Replacing Income Tax

#201
#201
NorthDallas40 said:
Since their first $20K is untaxed I’d guess most would be fine actually.

look our current method sucks and is ridiculously inefficient. A sales tax is simple and fair. It taxes consumption and actually rewards savings
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If we are waiving for 20k I am in.

But the article says to remove all capital gains tax. This changes the dichotomy of our tax system to the point IRAs are antiquated.
 
#202
#202
NorthDallas40 said:
Just knock a trillion or two off this for the 20K.

we’re fine.
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You are banking on consumer habits remaining the same or increasing purchases. You have zero data that supports that assertion.

I have shown you that several stats are already collecting taxes per capita that is below the $20k threshold proposed by Moore.
 
#203
#203
NEOCON said:
If we are waiving for 20k I am in.

But the article says to remove all capital gains tax. This changes the dichotomy of our tax system to the point IRAs are antiquated.
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Why should capital gains be taxed if we are changing to a consumption model from an income model? 🤷‍♂️

Edit: but I understand what you’re saying. All I can say is people need to save for retirement or not. That’s a personal choice and shouldnt require a government bribe.

But it does bring up an interesting conundrum on the switch. That money was unburdened going in. I’m assuming they will get their pound of flesh when you pull it out and spend it?
 
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#204
#204
BeardedVol said:
You are banking on consumer habits remaining the same or increasing purchases. You have zero data that supports that assertion.

I have shown you that several stats are already collecting taxes per capita that is below the $20k threshold proposed by Moore.
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“Several states” is meaningless cherry picking since it affects all 57 states equally. You’re wrong. And we will never agree. Your move.
 
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#206
#206
BeardedVol said:
LOL I linked to the data in that post, you can see the sales tax collected per capita, by state. It's simple math to look at the sales tax rates and get a rough estimate of what is spent. 20k in tax free purchases wouls be a revenue shortfall, and would most likely cause consumers to opt for the cheapest options, and push purchases to the next year, rather than exceed 20k and pay an extra 17%.
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People who are barely clearing the exemption would not be materially contributing to tax collected anyways. Who cares if they defer purchases?
 
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#209
#209
DancingOutlaw said:
People who are barely clearing the exemption would not be materially contributing to tax collected anyways. Who cares if they defer purchases?
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You should probably brush up on the average household budget numbers before you make such claims.

You are also banking on consumer habits staying unchanged in the face of paying an additional 17% on goods and services.
 
#210
#210
BeardedVol said:
You are banking on consumer habits remaining the same or increasing purchases. You have zero data that supports that assertion.

I have shown you that several stats are already collecting taxes per capita that is below the $20k threshold proposed by Moore.
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Low income households on average have a spending problem.

They will spend every penny extra they have.

They werent raised to save. They were raised to consume.
 
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#214
#214
NEOCON said:
Low income households on average have a spending problem.

They will spend every penny extra they have.

They werent raised to save. They were raised to consume.
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Christ, you don't know any actual working poor do you?

I might suggest you volunteer some of your time at a local food bank and talk to some of the Americans that patronize it.
 
#216
#216
BeardedVol said:
Christ, you don't know any actual working poor do you?

I might suggest you volunteer some of your time at a local food bank and talk to some of the Americans that patronize it.
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I employed over 100 working poor at one time who made 12 to 13 an hour on average.

We paid weekly on Monday.

By Tuesday it was gone.

By Thursday half asked for advances.

I lived it with them. Every bad decision. Every sad story. I literally had to sell the business or it was going to kill me.

We need better education and better money management teaching in school and way less focus on material goods like iPhones.
 
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#217
#217
I cannot possibly wrap my head around the people in this thread who for some reason believe that "rich" people with more money do not buy more goods and services than poor folks. Not as a % of income...that doesnt matter. At all. The super rich dont even pay income tax AT ALL now anyway.

Rich man buys $1MM house. Pays $170k in sales tax. Period. Poor guy buys $100k house. Pays $17k sales tax. Rich guy pays 10x as much taxes on his domicile. (Home)

Rich guys buys a Benz. Spends $100k. Pays $17k in taxes .

Poor guy buys honda for $10k. Pays $1700 in taxes . Rich guy pays 10x the taxes for transportation AND home.

This is kindergarten stuff. Rich people LOVE expensive stuff. Poor people would too if they ever had the money to buy it.

This is a great idea...fair tax remade.

Couple things

Companies of all kinds would have to pay same sales tax. No exceptions.

The IRS would be abolished...but an equal number of agents would be needed to stop black market sales of EVERYTHING from people trying to dodge taxes. No real savings there ...but doesnt need to be either.

Ammendment would be needed stating the feds could never bring back income taxes without a vote to abolish the sales tax. Never ever have both.

This makes way too much sense to ever become law sadly0
 
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#218
#218
NEOCON said:
I employed over 100 working poor at one time who made 12 to 13 an hour on average.

We paid weekly on Monday.

By Tuesday it was gone.

By Thursday half asked for advances.

I lived it with them. Every bad decision. Every sad story. I literally had to sell the business or it was going to kill me.

We need better education and better money management teaching in school and way less focus on material goods like iPhones.
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Sure you did.

It's highly common for employers to know the spending habits of their employees, and whether or not they are purchasing necessities or "luxeries".

Probably about as common for a company to employ 100 working poor people, all of whom are equally incapable of making good financial decisions.
 
#219
#219
BeardedVol said:
Sure you did.

It's highly common for employers to know the spending habits of their employees, and whether or not they are purchasing necessities or "luxeries".

Probably about as common for a company to employ 100 working poor people, all of whom are equally incapable of making good financial decisions.
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My post on here regarding this past business are lengthy and well documented over multiple years.
 
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#222
#222
As recently as 2016 the Pentagon was still using a 53 year old program that utilized floppy discs.

I'm sure our government will jump right on tax reform any day now
 
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#223
#223
NorthDallas40 said:
He’s just pissed you had a better more heart warming anecdotal story than he did 😂 Rained on his virtue signaling.
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LOL virtue signaling.

Is that what you tell yourself that all charity work is so that you don't have to feel bad about not giving anything back to your community?
 
#224
#224
BeardedVol said:
LOL virtue signaling.

Is that what you tell yourself that all charity work is so that you don't have to feel bad about not giving anything back to your community?
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No that’s what I call post content like you made in that post. And in this post too for that matter. In fact that’s what pretty much anybody would call it. 😂

Neither is relevant to the topic of discussion. Both were offered up by you to suggest you are morally superior. Run along now.
 
#225
#225
MurphyVol said:
As recently as 2016 the Pentagon was still using a 53 year old program that utilized floppy discs.

I'm sure our government will jump right on tax reform any day now
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I wonder if they would still play some of my old Ultima games. You know if their computers are Super VGA or EGA? I would hope with the billions they receive they would atleast be Super VGA.
 
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