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The W - Current Events & Politics - Bush thinking about ending IRS and replacing Income Tax with Sales. Your thoughts? Register and log in to post!
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Lafayette
Weisswurst








Since: 10.8.04
From: Dan Rathers Bath House

Since last post: 4811 days
Last activity: 4811 days
#1 Posted on | Instant Rating: 0.93
Just wanted your opinion on the prospect of ending the bureaucratic mess known as the IRS and replacing it with a National Consumption Tax.

I'm no economics expert by any means but wouldn't this give the richest of us a massive break on taxes? It's true that they on average consume more to maintain their high standard of living but in the end they would still be paying a far amount less then before.

I'm kind of torn on this issue. I'm a middle class, single male who is not a spendthrift by any means. I have no credit cards, cell phone or digital cable. I only buy what I can afford and shop at the discount grocery.

I think then that the consumption tax would work in my benefit and I would reap great gains in my savings account with it in place.

I need to research it more but as of right now I'm in favor of the National Sales Tax. The IRS is a mess and always has been. The less big government overseers we have the better I say. Let me be thrifty and gain from it by being in control of my money and my spending.

What do you think?
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Grimis
Scrapple








Since: 11.7.02
From: MD

Since last post: 2414 days
Last activity: 869 days
#2 Posted on | Instant Rating: 7.29
I think we had this thread...



DrDirt
Banger








Since: 8.10.03
From: flyover country

Since last post: 47 days
Last activity: 3 hours
#3 Posted on | Instant Rating: 7.30
Grimis is right but my two cents. A VAT would only penalize you for spending. The rich spend more. End of story. Exclude food and so much on vehicles and you have a winner. Plus if you watch your pennies you aren't hit.

(edited by DrDirt on 12.8.04 1610)


Perception is reality
Lafayette
Weisswurst








Since: 10.8.04
From: Dan Rathers Bath House

Since last post: 4811 days
Last activity: 4811 days
#4 Posted on | Instant Rating: 0.93
My bad. I looked for a duplicate before posting and saw none.

"Hastert calls for VAT" or whatever means nothing to me.

I don't have time to read every thread on the forum before making one of my own.

Sorry.



DrDirt
Banger








Since: 8.10.03
From: flyover country

Since last post: 47 days
Last activity: 3 hours
#5 Posted on | Instant Rating: 7.30
    Originally posted by Lafayette
    My bad. I looked for a duplicate before posting and saw none.

    "Hastert calls for VAT" or whatever means nothing to me.

    I don't have time to read every thread on the forum before making one of my own.

    Sorry.






Try the search engine.



Perception is reality
Guru Zim
SQL Dejection
Administrator








Since: 9.12.01
From: Bay City, OR

Since last post: 9 days
Last activity: 3 days
AIM:  
ICQ:  
#6 Posted on | Instant Rating: 8.81
    Originally posted by Lafayette
    I don't have time to read every thread on the forum before making one of my own.


That's a very succinct summary of the problem, yes.



Willful ignorance of science is not commendable. Refusing to learn the difference between a credible source and a shill is criminally stupid.
spf
Scrapple








Since: 2.1.02
From: The Las Vegas of Canada

Since last post: 770 days
Last activity: 190 days
AIM:  
#7 Posted on | Instant Rating: 6.95
    Originally posted by Lafayette
    I need to research it more but as of right now I'm in favor of the National Sales Tax. The IRS is a mess and always has been. The less big government overseers we have the better I say. Let me be thrifty and gain from it by being in control of my money and my spending.

    What do you think?

If anyone with a working brain thinks the apparatus needed to ensure that every single purchase in the country is adequately tracked to make sure that the appropriate tax is paid and that every single merchant in the country pays the appropriate amount to the governemnt will not be just as large or larger than the IRS, you are really quite the optimist.



HELP IS ON THE WAY!
"They never stop thinking about new ways to harm our country and our people, and neither do we." - George W. Bush 8/5/04

Eddie Famous
Andouille








Since: 11.12.01
From: Catlin IL

Since last post: 321 days
Last activity: 12 days
#8 Posted on | Instant Rating: 6.41

Well, the thread WAS dead...and couldn't be added to.

Let's not forget the sales taxes that state, county and local governments take as well.

If states decide to increase their sales taxes and get rid of THEIR income taxes, then you start to have a piling on effect.

Add on the dampening effect the new federal taxes on anything internet (which would be next) would have on the economy and you start to careen towards higher prices for everything, less purchases of high-ticket items, etc., not good at all.

Nothing wrong with a flat income tax. National sales taxes are a slippery slope.



"In the sky. Lord, in the sky..."
Corajudo
Frankfurter








Since: 7.11.02
From: Dallas, TX

Since last post: 1251 days
Last activity: 754 days
#9 Posted on | Instant Rating: 6.84
Add on the dampening effect the new federal taxes on anything internet (which would be next) would have on the economy and you start to careen towards higher prices for everything, less purchases of high-ticket items, etc., not good at all.

Not only that, but imagine how much tax evasion would occur with a national sales tax high enough to replace the income tax. A lot of people would work around that. I think it would be more pervasive and harder to find than income tax evasion.

Would a national sales tax require us to keep ALL our purchase receipts for 7 years (or whatever the IRS requires for tax documentation)? Or, would it be the responsibility of the merchants to document their sales tax paid plus reconcile their inventory to make sure they were paying the adequate amount of sales tax? Oh yeah, that wouldn't create a bureacracy on the order of the IRS... (what spf said)

And, while we're on the tax subject, I want no part of a VAT either. I want the taxes I pay to be up front and obvious, no hidden taxes (aside from the sin and gas taxes; I don't have much of a problem with hiding those). Also, monitoring a VAT would be expensive and cumbersone as well.
TopTenPro
Italian
No longer registered








Since: 21.3.04
From: Johnson City, TN

Since last post: 4717 days
Last activity: 4512 days
#10 Posted on | Instant Rating: 0.54
I must disagree with this Bsh proposal.

I am a father who pays child support. My ex, has since remarried and now her husband and her do not work. They live off my child support, while renting a nice home and sending him (her husband) through college.

This new system would in no way benifit me, not like the current system does much for me either. I say if it ain't broke, don't fix it.



PAM ANDERSON on being named E!'s best blonde:
"The carpet don't match the drapes!"
"... Just kidding, there is no carpet."
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