12-12-2004, 04:41 AM
Bash me some more! You will be the one drinking the cool aide.
:P
NATIONAL SALES TAX HIKES A FAMILY'S TAX BURDEN BY 50 PERCENT
The national sales tax would replace all personal and corporate income taxes, Social Security, Medicare, and payroll taxes, and gift and estate taxes with a new national sales tax on goods like groceries, clothing, new home sales and apartment rents, and health care services. This newfederal tax system would be applied on top of existing state sales taxes. This proposal would increase taxes by about $6,200 a year for 80 percent of taxpayers, and potentially more for some families.
MIDDLE CLASS FAMILIES SQUEEZED AGAIN
Families with children. Families with children are hit the hardest, as this proposal would eliminate all the current law tax benefits for these families, including the child tax credit. A middle class family with four children with a combined income of $65,000 would face an increase of more than $9,000 in their tax liability.
New homeowners. The tax hike proposal would eliminate the tax deduction that families get on their home mortgages and apply this new sales percent tax to the cost of a home. If a family buys a new house listed for $150,000, the new tax brings the actual purchase price to $225,000.
Jump in property taxes. The sales tax hike would require states to send an additional $300 billion to the federal government in sales taxes -- a tax increase that states would immediately pass on to residents. Arkansas, Delaware, Kentucky, Hawaii, and New Jersey could all see property tax increases higher than 400 percent. The lowest state property tax hike possible -- in New Hampshire -- would still be more than 80 percent. (There you go wheels).
Gas and electricity. The average family would pay an additional 80 cents a gallon for gasoline -- a new tax that will hit families in rural areas particularly hard. Families with large home heating or cooling bills also will be harmed.
:shock: I am sure that monthly rebate check (that will probably show up three months after the fact) will make up the difference. Everything is great!
Morpheus
:P
NATIONAL SALES TAX HIKES A FAMILY'S TAX BURDEN BY 50 PERCENT
The national sales tax would replace all personal and corporate income taxes, Social Security, Medicare, and payroll taxes, and gift and estate taxes with a new national sales tax on goods like groceries, clothing, new home sales and apartment rents, and health care services. This newfederal tax system would be applied on top of existing state sales taxes. This proposal would increase taxes by about $6,200 a year for 80 percent of taxpayers, and potentially more for some families.
MIDDLE CLASS FAMILIES SQUEEZED AGAIN
Families with children. Families with children are hit the hardest, as this proposal would eliminate all the current law tax benefits for these families, including the child tax credit. A middle class family with four children with a combined income of $65,000 would face an increase of more than $9,000 in their tax liability.
New homeowners. The tax hike proposal would eliminate the tax deduction that families get on their home mortgages and apply this new sales percent tax to the cost of a home. If a family buys a new house listed for $150,000, the new tax brings the actual purchase price to $225,000.
Jump in property taxes. The sales tax hike would require states to send an additional $300 billion to the federal government in sales taxes -- a tax increase that states would immediately pass on to residents. Arkansas, Delaware, Kentucky, Hawaii, and New Jersey could all see property tax increases higher than 400 percent. The lowest state property tax hike possible -- in New Hampshire -- would still be more than 80 percent. (There you go wheels).
Gas and electricity. The average family would pay an additional 80 cents a gallon for gasoline -- a new tax that will hit families in rural areas particularly hard. Families with large home heating or cooling bills also will be harmed.
:shock: I am sure that monthly rebate check (that will probably show up three months after the fact) will make up the difference. Everything is great!
Morpheus