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View Poll Results: Will a FLat Tax be better than the the System now in use?

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  • Yes

    13 76.47%
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Thread: Flat TAX/Fair TAX, Would it Be GOOD!

  1. #1

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    Default Flat TAX/Fair TAX, Would it Be GOOD!


    The Pros and Cons of the Flat Tax

    February 01, 2008 by
    Matthew Ryan Matthew Ryan

    For a long time (roughly 20 years now), I've been a supporter of the Flat Tax here in the United States. I've always been good at math, and I've always been in a low-income tax bracket, so I don't dread tax time quite as much as other Americans might. And now, with all the computer


    programs designed for taxation purposes, there is less reason for anyone to dread the Tax Man. Regardless, paying taxes is always something of a chore for me, that I would rather do without. There are so many rules and exceptions to follow. So to me, a simplified tax code is the way to go. And it is difficult to get much simpler than a flat tax, a single flat rate that all taxpayers pay on their taxable income.

    There are many benefits to a flat tax rate. Efficiency is probably the most compelling. More complicated tax systems require complicated algorithms and long lists of rules to follow. They don't cost money to fill out (unless you are doing them on-line), but they do cost time. They cost time to fill out and time to be processed. A flat-tax system would cut that time dramatically, and all those man-hours saved could be spent doing something far more productive.

    However, there are some very real, not so obvious, consequences to making such a dramatic change in our tax system. The first would be the almost complete dissolution of the IRS. The IRS is not just a governmental institution bent on inspiring fear in the citizenry; it is composed of people whose livelihood comes from working in the tax industry. Most of them would lose their jobs. Some people have suggested we could retrain them and send them down to the border to enforce it, so perhaps that is one possible solution.

    However, there is a key word in the above paragraph that points to the problems that would result from implementing a flat tax suddenly. It is "tax industry." [More]
    http://www.associatedcontent.com/art..._flat_tax.html




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  3. #2

    Default Re: Flat TAX, Would it Be GOOD!

    I prefer that the government would tax spending and not income which means I would prefer that taxes be collected on retail sales. This would simplify the tax system by eliminating the whole income tax system. We have a sales tax system already which makes for two gestapo systems. If you do not believe it, try not paying your sales taxes and see how long it takes men with guns to show up to lock up your business.
    Retired 2018:Time is the only non-renewable resource. Knowledge is the only sustainable competitive advantage. 60% C, 20% S & 20% I Fund. https://share.robinhood.com/cliffow

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  5. #3

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    Default Re: Flat TAX, Would it Be GOOD!

    The British Gov't has raised the VAT 2.5% effective in January 2010. If we had a Flat Tax in the USA would the Federal # include the State Sales tax or would it be on top of the Federal VAT? We have 7% Sales tax where I'm at, add that to a 17.5% Federal VAT that would mean a Tax of 24.5% if we all pay a flat Tax of 17.5% for everyone regardless of income. Adding the Tax that Manufactures, service corporations and commodity distributors would would pay, it would inflate our VAT due to higher prices. It's a vicious cycle!


    Shoppers face confusion over VAT rise


    The cut in VAT is estimated to have boosted spending by £6.8bn

    Shoppers are facing the last day of the lower rate of VAT, although many retailers have said they will not increase prices on 1 January. VAT is set to return to 17.5% in the new year after being reduced to 15% on 1 December 2008.
    The government cut VAT in an attempt to boost spending in the recession.
    But several retailers have said that they will delay passing on the higher rate, while others say they will absorb the cost of the increase.
    The Centre for Economics and Business Research (CEBR) estimates that the 13-month tax cut helped boost consumer spending by £6.8bn, although the British Retail Consortium (BRC) says it has had a "very limited effect".
    However, the CEBR warned that the first few months of 2010 could be tough for retailers, as spending may be affected by the increase in VAT and rising inflation.
    Fake freeze?
    Supermarket giants Tesco, Sainsbury's and Asda have all said that they will delay passing on the increased rate on thousands of products.
    But Tesco has been accused of raising prices ahead of the tax rise.
    A report in the Daily Mail claims that Tesco, Boots and Morrisons have all increased the prices of certain items in recent weeks.
    Tesco told the newspaper its price changes had "no link whatsoever" to the VAT increase.
    "A small proportion of products will have increased in price but this is either because of special offers coming to an end or an increase in the cost price. Many more prices have fallen than increased," a Tesco spokesperson said.
    Boots said it benchmarked its prices against other retailers.
    Morrisons, which has not claimed that it would freeze VAT, said prices vary throughout the year "reflecting costs and promotional changes".
    Absorbing costs
    Meanwhile, Argos and John Lewis both say they will not raise prices until the end of January.
    Arcadia Group, which owns Topshop, Dorothy Perkins and BHS, has said it will absorb the cost of the increase in all of its stores.
    But Marks and Spencer will raise prices on all general merchandise from 1 January and on food items on which the tax is paid from 11 January.
    Shoppers will not notice a difference on price tags, though, as the retailer never displayed the VAT reduction on tags, instead giving customers a 2.5% discount at the till.
    http://www.associatedcontent.com/art..._flat_tax.html



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  7. #4

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    Default Re: Flat TAX, Would it Be GOOD!

    A flat income tax misses the criminal and under the table incomes. FairTax uses the sales tax system already in place .

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  9. #5

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    Default Re: Flat TAX, Would it Be GOOD!

    Elimination for the most part of the IRS and all of the tax cheats. Elimination tax accountants for the most part and keep more money in the consumers pocket.

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  11. #6

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    Default Re: Flat TAX, Would it Be GOOD!

    Hummmmm What is best? Be back later going to the local Watering Hole for Happy Hour!! laughdog.gif



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  13. #7

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    Default Re: Flat TAX, Would it Be GOOD!

    I'm all for the FairTax but nnuuts poll asks if a flat tax would be better than the mess we have now. I voted yes.

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  15. #8

    Default Re: Flat TAX, Would it Be GOOD!

    Quote Originally Posted by nnuut View Post
    However, there are some very real, not so obvious, consequences to making such a dramatic change in our tax system. The first would be the almost complete dissolution of the IRS.
    Well my dear friend,
    I feel like you are almost making an attempt to get me off the feilds with the other deer. So let me start by saying we have already covered this subject in the past when I was a Predator.

    Quote Originally Posted by wwwtractor View Post
    I prefer that the government would tax spending and not income which means I would prefer that taxes be collected on retail sales.
    I would prefer that the Government would be like more like a Herbivore instead of a Predator. Surely we have more than enough 'Protector Power' within our huge buildup and storage that we can relax. There is nothing wrong in wanting to protect our Home Country but there is NO NEED for us to insist on being a Preditor in our behavior with all the others.

    So the Very Best thing the USA could do is lean more on the pure power of GOD and His Perfect Love, Power, Grace and Mercy and let that become the increasing measure of everything they do.

    Then RAISE TAXES to put an end to the Increasing Debt. Reduce the way Taxes are utilized so that maybe 5% MAX goes toward the Military (instead of 40% or better). Drastically reduce the various WELFARE Systems - and elimate WASTE SPENDING as much as possible. Make it 'illegal' for the vast majority of 'Pork Spending' and imprison the politicians clearing doing this simply to make a name.

    Try to inspire all to be Herbivores and let them really see how much freedom and beauty and life is by doing this.

    Quote Originally Posted by nnuut View Post
    The British Gov't has raised the VAT 2.5% effective in January 2010.
    The British Gov't was 'The Super Power' for much of our relatively recent past history. They have demonstated the TRUE power of a Predator Nation and it's fascinating to see the depth by which they dominated 'world control' in Opium Trade - Oil - Diamonds and wherever 'Cheap Labor' was made readily available (Africa, India, Hong Kong...).

    If 'we' are honestly going to relate our Nation with the British Gov't then let's do this with the most genuine and open ability to see how deeply they both share in - and reinforce - the characteristics that make them the Predator Kings.

    If my comments offend anyone -- I am sorry -- and do not mean to rouse feelings of anger or discontment. I simply believe the most important thing to recognize in a TAX SYSTEM is first and foremost the ways it fails ~~ if it is Predator and Wasteful ~~ and how it should most ideally be used today and in the future.

    So in conclusion I would say RAISE the TAXES as much as possible to get everything possible and pay off the debt -- and as the Debt is elimated then LOWER the TAXES so future generations can live way better than we have lived. Not as Predators but as Herbivores.

    God's Richest Blessings on everyone -- everywhere as this New Year gives us a New Opportunity of Hope.

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  17. #9

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    Default Re: Flat TAX, Would it Be GOOD!

    the ""Tax Industry" would never allow it to happen.

    Way too many accountants, tax preparers,Tax lawyers, tax counselors, etc. would go out of business.

    Nice thought, but it would never pass due to the MONEY made by the tax system's complexity.


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  19. #10

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    Default Re: Flat TAX, Would it Be GOOD!

    And there you have it folks the corruption runs so long and so deep to the point we will never do the right things that are the most simple because someone can not profit from the out come.

    Lawyer can't profit, accountants can't profit, software developers can't profit, thus we can not have reasonable legislation and protect our incomes.

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  21. #11

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    Default Re: Flat TAX, Would it Be GOOD!

    Quote Originally Posted by Show-me View Post
    And there you have it folks the corruption runs so long and so deep to the point we will never do the right things that are the most simple because someone can not profit from the out come.

    Lawyer can't profit, accountants can't profit, software developers can't profit, thus we can not have reasonable legislation and protect our incomes.
    Sad, isn't it?

    The Golden rule- He who has the gold, gets to write the rules.

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  23. #12

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    Default Re: Flat TAX, Would it Be GOOD!

    Quote Originally Posted by James48843 View Post
    Sad, isn't it?

    The Golden rule- He who has the gold, gets to write the rules.
    Very sad, we need a revolution in so many areas its pathetic. I try to remain optimistic but I really don't see many changes to come.
    Pill

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