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#12
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![]() "Short Wave Sportfishing" wrote in message ... On Thu, 24 Mar 2005 23:32:25 GMT, "Don White" wrote: "Calif Bill" wrote in message link.net... The thing I HATE about a VAT tax is it is a hidden tax. Taxes should be up front and visable. I would prefer that the income taxes collected go into a special account that you have to write a check on to the government for your yearly income tax payment. Then these who say 'Oh, I got a refund this year'. Would realize they just overpaid, and then maybe we would have revolt at the ballot box on all the tax and spend politicians. Bill Come on up to Canada. We got rid of the old hidden Federal Sales Tax back in 1993. We call our new national tax GST...(goods & services tax) at 7%. Here in my corner of the world...3 of the four Atlantic provinces went a step further. We blended the 7% GST and the old 11% PST (provincial sales tax) into one 15% HST. Originally it was called BST (blended sales tax) but everyone started calling it the bull **** tax...so the gov't actually changed the name to Harmonized Sales Tax....H.S.T. HST is added at the cash register and clearly shown on any receipt or invoice. So they changed it from the Bull **** Tax to the Horse **** Tax? BRILLIANT!! Later, Tom LMAO! But goes to show what happens with sales taxes, a % here and a % there, pretty soon we are talking real %%%%'s. |
#13
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Calif Bill wrote:
"Jim," wrote in message ... wrote: The value added tax will greatly increase the cost of goods, thus affecting the poor much more than the wealthy. ************** That's why sales taxes are usually considered regressive. The poor are compelled to spend 100% of their income on basic needs. The wealthy spend as little as only a few percent on basic needs and merchandise subject to VAT or sales tax, with a higher percentage spent on services and travel and a very high percentage on investment. When you go to a poor person and say, "VAT is 20%, so give me 20% of what your earn" that can hurt a lot worse, (even though it's a lot less money), than approaching a wealthy person with "VAT is 20% and you spend 25% of your earnings on taxable items so hand over 5%". Flat tax, flat tax, flat tax, flat tax, flat tax. No tax on the first $30,000 or so per family per year, then a fixed rate of 15-20% on all earnings above that regardless of source. It's very fair, doesn't burden the poor with any tax at all, and takes a fixed, predictable, even percentage from everybody else without special favors or exemptions. This is why I asked you to read the article before commenting. The VAT would be partially refunded based on income, and there would be an income tax on those earning in excess of 100k/yr Please read the article! That's fair? And the politico's get more money, without the people realizing how bad they is screwed. How much is the rebate? What if the poor person is mostly buying food, which will be exempt, as political suicide to tax basic groceries. Oh, now we have a national sales tax. We just raise it anytime more money is wanted. California had a 3% sales tax in my youth, about 40 years ago. Now it is 8.25% and they keep raising it for every special desire. Was in Italy in October. VAT was 20%. Dunno that any tax is "fair"; but maybe at least we could understand it. Why should it co$t me $80 just to have someone help me figure out how much the government is going to take away from me? Gotta be a better way than what we have now -- and I see this as a good place to start discussing things. |
#14
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![]() "Jim," wrote in message ... Calif Bill wrote: "Jim," wrote in message ... wrote: The value added tax will greatly increase the cost of goods, thus affecting the poor much more than the wealthy. ************** That's why sales taxes are usually considered regressive. The poor are compelled to spend 100% of their income on basic needs. The wealthy spend as little as only a few percent on basic needs and merchandise subject to VAT or sales tax, with a higher percentage spent on services and travel and a very high percentage on investment. When you go to a poor person and say, "VAT is 20%, so give me 20% of what your earn" that can hurt a lot worse, (even though it's a lot less money), than approaching a wealthy person with "VAT is 20% and you spend 25% of your earnings on taxable items so hand over 5%". Flat tax, flat tax, flat tax, flat tax, flat tax. No tax on the first $30,000 or so per family per year, then a fixed rate of 15-20% on all earnings above that regardless of source. It's very fair, doesn't burden the poor with any tax at all, and takes a fixed, predictable, even percentage from everybody else without special favors or exemptions. This is why I asked you to read the article before commenting. The VAT would be partially refunded based on income, and there would be an income tax on those earning in excess of 100k/yr Please read the article! That's fair? And the politico's get more money, without the people realizing how bad they is screwed. How much is the rebate? What if the poor person is mostly buying food, which will be exempt, as political suicide to tax basic groceries. Oh, now we have a national sales tax. We just raise it anytime more money is wanted. California had a 3% sales tax in my youth, about 40 years ago. Now it is 8.25% and they keep raising it for every special desire. Was in Italy in October. VAT was 20%. Dunno that any tax is "fair"; but maybe at least we could understand it. Why should it co$t me $80 just to have someone help me figure out how much the government is going to take away from me? Gotta be a better way than what we have now -- and I see this as a good place to start discussing things. Vat is not the way. And $80 is really cheap. There are lots of ways to simplify the tax code. But with the government targeting different groups for special treatment all the time, the tax code is horrific. A flat tax is my preferred method, with a minimum income to have to pay taxes and only medical and medical insurance costs as deductions. I give this as a deduction, as if you are covered by a company heath paid insurance, there is a tax write off for it, but those like me who have to pay our own insurance want the same treatment. |
#15
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On Fri, 25 Mar 2005 03:27:31 +0000, Calif Bill wrote:
California had a 3% sales tax in my youth, about 40 years ago. Now it is 8.25% and they keep raising it for every special desire. Was in Italy in October. VAT was 20%. You are hitting on one of the major problems. Surprisingly, as a percent of GDP, the federal tax burden has been rather constant, @ 18% give or take. What hasn't been constant, has been the growth in state taxes. I've heard many at the state level complain about the federal government mandating programs, but not funding those programs. I don't know how true that is, but it does seem the major growth in taxes has been at the state level. http://www.taxpolicycenter.org/TaxFa...e.cfm?Docid=14 |
#16
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On Fri, 25 Mar 2005 03:32:11 GMT, "Jim," wrote:
Calif Bill wrote: "Jim," wrote in message ... wrote: The value added tax will greatly increase the cost of goods, thus affecting the poor much more than the wealthy. ************** That's why sales taxes are usually considered regressive. The poor are compelled to spend 100% of their income on basic needs. The wealthy spend as little as only a few percent on basic needs and merchandise subject to VAT or sales tax, with a higher percentage spent on services and travel and a very high percentage on investment. When you go to a poor person and say, "VAT is 20%, so give me 20% of what your earn" that can hurt a lot worse, (even though it's a lot less money), than approaching a wealthy person with "VAT is 20% and you spend 25% of your earnings on taxable items so hand over 5%". Flat tax, flat tax, flat tax, flat tax, flat tax. No tax on the first $30,000 or so per family per year, then a fixed rate of 15-20% on all earnings above that regardless of source. It's very fair, doesn't burden the poor with any tax at all, and takes a fixed, predictable, even percentage from everybody else without special favors or exemptions. This is why I asked you to read the article before commenting. The VAT would be partially refunded based on income, and there would be an income tax on those earning in excess of 100k/yr Please read the article! That's fair? And the politico's get more money, without the people realizing how bad they is screwed. How much is the rebate? What if the poor person is mostly buying food, which will be exempt, as political suicide to tax basic groceries. Oh, now we have a national sales tax. We just raise it anytime more money is wanted. California had a 3% sales tax in my youth, about 40 years ago. Now it is 8.25% and they keep raising it for every special desire. Was in Italy in October. VAT was 20%. Dunno that any tax is "fair"; but maybe at least we could understand it. Why should it co$t me $80 just to have someone help me figure out how much the government is going to take away from me? Gotta be a better way than what we have now -- and I see this as a good place to start discussing things. Get Turbo Tax. -- John H "All decisions are the result of binary thinking." |
#17
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![]() "Calif Bill" wrote in message news ![]() "Jim," wrote in message ... wrote: The value added tax will greatly increase the cost of goods, thus affecting the poor much more than the wealthy. ************** That's why sales taxes are usually considered regressive. The poor are compelled to spend 100% of their income on basic needs. The wealthy spend as little as only a few percent on basic needs and merchandise subject to VAT or sales tax, with a higher percentage spent on services and travel and a very high percentage on investment. When you go to a poor person and say, "VAT is 20%, so give me 20% of what your earn" that can hurt a lot worse, (even though it's a lot less money), than approaching a wealthy person with "VAT is 20% and you spend 25% of your earnings on taxable items so hand over 5%". Flat tax, flat tax, flat tax, flat tax, flat tax. No tax on the first $30,000 or so per family per year, then a fixed rate of 15-20% on all earnings above that regardless of source. It's very fair, doesn't burden the poor with any tax at all, and takes a fixed, predictable, even percentage from everybody else without special favors or exemptions. This is why I asked you to read the article before commenting. The VAT would be partially refunded based on income, and there would be an income tax on those earning in excess of 100k/yr Please read the article! That's fair? And the politico's get more money, without the people realizing how bad they is screwed. How much is the rebate? What if the poor person is mostly buying food, which will be exempt, as political suicide to tax basic groceries. Oh, now we have a national sales tax. We just raise it anytime more money is wanted. California had a 3% sales tax in my youth, about 40 years ago. Now it is 8.25% and they keep raising it for every special desire. Was in Italy in October. VAT was 20%. And the income tax on excess of 100k is simply more class warfare BS. The original income tax as only on the 'very wealthy" now look at it. Same with SS The flat tax is the only way to get the power away from the beltway crowd. |
#18
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Short Wave Sportfishing wrote:
On Thu, 24 Mar 2005 23:32:25 GMT, "Don White" wrote: "Calif Bill" wrote in message hlink.net... The thing I HATE about a VAT tax is it is a hidden tax. Taxes should be up front and visable. I would prefer that the income taxes collected go into a special account that you have to write a check on to the government for your yearly income tax payment. Then these who say 'Oh, I got a refund this year'. Would realize they just overpaid, and then maybe we would have revolt at the ballot box on all the tax and spend politicians. Bill Come on up to Canada. We got rid of the old hidden Federal Sales Tax back in 1993. We call our new national tax GST...(goods & services tax) at 7%. Here in my corner of the world...3 of the four Atlantic provinces went a step further. We blended the 7% GST and the old 11% PST (provincial sales tax) into one 15% HST. Originally it was called BST (blended sales tax) but everyone started calling it the bull **** tax...so the gov't actually changed the name to Harmonized Sales Tax....H.S.T. HST is added at the cash register and clearly shown on any receipt or invoice. So they changed it from the Bull **** Tax to the Horse **** Tax? BRILLIANT!! Later, Tom Awww, Damn! You let the poop out of the bag. Now we will have to pay 133.67 million to come up with a new name for it. Who do you think will get the feel good ad money? It's a value added tax, (VAT) a tax on every profitable sale. Every profitable sale, even government sales! Once the government gets taxes for spending money, you have achieved critical mass. The power to tax is the power to kill. How much do they take in? Where does it go? Audit the *******s! Terry K |
#19
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#20
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Calif Bill wrote:
"Jim," wrote in message ... wrote: The value added tax will greatly increase the cost of goods, thus affecting the poor much more than the wealthy. ************** That's why sales taxes are usually considered regressive. The poor are compelled to spend 100% of their income on basic needs. The wealthy spend as little as only a few percent on basic needs and merchandise subject to VAT or sales tax, with a higher percentage spent on services and travel and a very high percentage on investment. When you go to a poor person and say, "VAT is 20%, so give me 20% of what your earn" that can hurt a lot worse, (even though it's a lot less money), than approaching a wealthy person with "VAT is 20% and you spend 25% of your earnings on taxable items so hand over 5%". Flat tax, flat tax, flat tax, flat tax, flat tax. No tax on the first $30,000 or so per family per year, then a fixed rate of 15-20% on all earnings above that regardless of source. It's very fair, doesn't burden the poor with any tax at all, and takes a fixed, predictable, even percentage from everybody else without special favors or exemptions. This is why I asked you to read the article before commenting. The VAT would be partially refunded based on income, and there would be an income tax on those earning in excess of 100k/yr Please read the article! That's fair? And the politico's get more money, without the people realizing how bad they is screwed. How much is the rebate? What if the poor person is mostly buying food, which will be exempt, as political suicide to tax basic groceries. Oh, now we have a national sales tax. We just raise it anytime more money is wanted. California had a 3% sales tax in my youth, about 40 years ago. Now it is 8.25% and they keep raising it for every special desire. Was in Italy in October. VAT was 20%. Dunno that any tax is "fair"; but maybe at least we could understand it. Why should it co$t me $80 just to have someone help me figure out how much the government is going to take away from me? Gotta be a better way than what we have now -- and I see this as a good place to start discussing things. |
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