Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Just how a lot of us are feeling
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="keista" data-source="post: 449869" data-attributes="member: 11965"><p>Fair tax? As in a Notional Sales tax? Ah, yeah, NO THANK YOU. The ONLY way I'd get behind that idea is if they charged the tax on investment purchases as well as on interest income.</p><p></p><p>in my opinion a fair tax would have the rich paying even less proportionate to their income. </p><p></p><p>Poor person lives paycheck to paycheck as it is. Entire paycheck = Y Hike the sales tax up, and they will be in a deficit. X% of their entire paycheck goes to the tax.</p><p></p><p>Rich person spends the same Y amount of dollars every week but their paycheck is bigger so they are able to put away Z amount of $ in savings or investments. Hike up the sales tax, and they will have to spend more than the Y amount to live, and will have to pull it from investments and savings, but will still have $ left for savings and investment.</p><p></p><p>The Fair tax is based on spending as opposed to earning and in my opinion is NOT 'fair' at all.</p><p></p><p>Corporations will pay even less in taxes (proportionate to their income) because they spend even less money on taxable items. To even attempt to make it equitable, companies would have to pay the "fair tax" on the amounts they pay their employees.</p></blockquote><p></p>
[QUOTE="keista, post: 449869, member: 11965"] Fair tax? As in a Notional Sales tax? Ah, yeah, NO THANK YOU. The ONLY way I'd get behind that idea is if they charged the tax on investment purchases as well as on interest income. in my opinion a fair tax would have the rich paying even less proportionate to their income. Poor person lives paycheck to paycheck as it is. Entire paycheck = Y Hike the sales tax up, and they will be in a deficit. X% of their entire paycheck goes to the tax. Rich person spends the same Y amount of dollars every week but their paycheck is bigger so they are able to put away Z amount of $ in savings or investments. Hike up the sales tax, and they will have to spend more than the Y amount to live, and will have to pull it from investments and savings, but will still have $ left for savings and investment. The Fair tax is based on spending as opposed to earning and in my opinion is NOT 'fair' at all. Corporations will pay even less in taxes (proportionate to their income) because they spend even less money on taxable items. To even attempt to make it equitable, companies would have to pay the "fair tax" on the amounts they pay their employees. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Just how a lot of us are feeling
Top