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April 29, 2012 at 12:43 pm
I’m guessing you’ve never had a car that doesn’t suck if you’ve never paid a luxury tax…
April 29, 2012 at 2:06 pm
And when did OP say they had never paid a luxury tax?
April 29, 2012 at 2:21 pm
Its hidden in that part that says its an old game because there’s a luxury tax. There’s lots of luxury taxes everywhere today…
April 29, 2012 at 2:38 pm
Yeah, like Mitt Romney paying 13.9% while the guy who washes his car pays 26% – sounds more like a “lack of luxury tax”
April 29, 2012 at 3:23 pm
if you’d ask apple the luxury tax is them paying a tax at all. i.e. they don’t.
April 29, 2012 at 6:13 pm
GE and most of the major oil companies do the same. Corporations were supposed to suffer from “double taxation” (the company taxed once and the shareholders taxed again)
Most of the big ones have figured out to pay little or nothing by manipulating tax credits and the like.
April 29, 2012 at 4:05 pm
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April 29, 2012 at 6:24 pm
Where did you get “he’s clearly an evil man who “isn’t paying his due to society”.”? I don’t think anyone here is saying that.
What is your definition of “rich” that their taxes are 100000 times more then a poor man? Once you hit $250K your in the highest Federal tax bracket. So I’d say that according to the government, anyone making over $250k is rich. I doubt they pay 100000 times what a person on the poverty line pays. In NJ, with a family of 4, that’s not rich, I’m not sure it’s even upper middle class anymore.
Income tax doesn’t really work in it’s current form, and is too complicated for the average person to understand (which never should have been allowed). I’d love to see a system based on a federal sales tax. Corporations would not be exempt from it. The IRS would change focus to those companies that collect the sales tax, meaning a smaller IRS, so less government spending. People could actually count on more of their paychecks going into their pockets, for most it means increased spending. For families it makes it easier to save for children and eventually their college. For Seniors, they would be able to save more in less time. No one would be able to dodge taxes, since they’re going to pay them on most things they buy. I’d want exemptions similar to the ones in NJ, meaning that necessities like food and clothing would be exempt (FYI, soda and candy aren’t food according to NJ, but milk and chicken are)
If you really want to never pay taxes again, you could, but you’d never buy a TV, go out to dinner, or have any junk food. American’s would still spend on the things they want, so the economy wouldn’t stop, it may thrive. Remember, the rich individuals would also get to keep more of their money, and they are still going to spend more, as they will still want larger homes, meaning more furniture, more clothing, bigger and better cars, etc.
Yes, some of this sounds like a VAT, but it levels the field, since everyone would be taxed on the same things, the amount you paid would be based on what you choose to purchase.
April 29, 2012 at 5:22 pm
What the hell are you talking about? Income tax? Nobody mentioned income tax here