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The Watercooler
Just how a lot of us are feeling
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<blockquote data-quote="keista" data-source="post: 449889" data-attributes="member: 11965"><p>And how do they know how much you are earning if no one is paying payroll taxes? Payroll taxes also go for SS and medicare. How's that going to work? No more SS or medicare? Payments are based on income over your lifetime. The prebate wouldn't touch the middle class. It's only up to the poverty level. </p><p></p><p></p><p>Yeah, no more corporate loopholes, but corporations would be paying even less in taxes because their big expenditures are NOT on taxable items - items used for personal consumption eg paper, office furniture, etc. f they taxed services such as landscaping, legal and accounting services, this would increase tax burden on corporations, but increase it for the 'regular' ppl as well. It would also add to tax evasion of turning over this tax. Businesses at the retail level collect the tax and turn it in. States are already burdened with going after evaders, this would increase.</p><p></p><p>No sales tax on house purchases, but if implemented, that would affect the 'regular' folks too. </p><p></p><p>Yeah, no thanks.</p></blockquote><p></p>
[QUOTE="keista, post: 449889, member: 11965"] And how do they know how much you are earning if no one is paying payroll taxes? Payroll taxes also go for SS and medicare. How's that going to work? No more SS or medicare? Payments are based on income over your lifetime. The prebate wouldn't touch the middle class. It's only up to the poverty level. Yeah, no more corporate loopholes, but corporations would be paying even less in taxes because their big expenditures are NOT on taxable items - items used for personal consumption eg paper, office furniture, etc. f they taxed services such as landscaping, legal and accounting services, this would increase tax burden on corporations, but increase it for the 'regular' ppl as well. It would also add to tax evasion of turning over this tax. Businesses at the retail level collect the tax and turn it in. States are already burdened with going after evaders, this would increase. No sales tax on house purchases, but if implemented, that would affect the 'regular' folks too. Yeah, no thanks. [/QUOTE]
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