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Project Avalon General Discussion Finding safe places, information and resources for building communities, site suggestions. |
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#1 |
Avalon Senior Member
Join Date: Nov 2008
Posts: 3,564
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This is to make a correction for 5.a. from "flat tax" to "flat sales tax." That's what I meant to say originally.
Consolidated list: United States
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#2 | |
Avalon Senior Member
Join Date: Nov 2008
Posts: 3,564
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For the purpose of discussion on this thread, here is a copy and paste of the post: Currently all monies that we pay to the IRS in the form of income taxes goes directly to the Federal Reserve to pay the INTEREST on the money that the gov borrows from them. That is why we as a nation constantly have an increasing deficit, because we are never paying down the PRINCIPAL on that loan from the Fed, only the interest. Which is why we always need more money and they have to constantly raise taxes. It is also the cause of inflation because the more we borrow, the less the dollar is worth, and the higher the price of goods go, the higher wages go, and so on. It's quite a vicious cycle. That, however, is not the only problem. Obviously, if we didn't have the fed to borrow from then the money would have to come from somewhere. Which is where a restructuring of taxes and a change in the way Washington and the individual states raise money for certain project. I have always been a firm believer in getting rid of the income tax completely, and changing over to a flat sales tax in every state. For example, every state across the board would have a sales tax attached to every item or service sold. Some items like food and clothing would have a very low tax with say 1% going to the state and 1% going to the federal gov. General goods and services would have a higher tax with say 4% going to the state and another 3% going to the fed. Luxury items like cars and homes over a certain price, and other items would have a higher tax on them. This leaves a portion of taxes to the state for them to do with what they want, and a portion for the gov to do what they want. It also doesn't punish people for working hard and making a lot of money since they're not getting taxed on their wages. It does however "punish" them for things that are excessive and not needed. This would also make it so that there would be no earmarking of federal funds that you and I pay to the government for projects in some other state that we care less about. |
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#3 |
Avalon Senior Member
Join Date: Oct 2008
Location: On this Rock
Posts: 1,390
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You must exclude from this necessities of life the biggest coming to mind is food, medicine I`m sure we could make a list for these also ensure that there is no taxing of an existing tax. In Canada we have a sales tax and a goods and service tax. Have one for the province sales and one for the federals GST the problem you run into is that no matter who`s in charge if they feel they need more money then they simply increase them 1 % point and the price of everything goes up. There should No increase without justification
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