flat consumption tax over mixed payroll cap gain and income tax be fairer

[obtuse_waiter]

tx for consumption not investment and doing right thing

how can dems be so blind to this?

[tbombz]

if i recall correctly, the consumption tax was shut down by both repubs and dems when tax codes were first being created.

one reaosn might be that a tax on consumption is an incentive to consume less. whereas a tax on income is an incentive to earn less. and people are less likely to earn less than they are to consume less. so to increase total trax revenues you choose income tax, as it would result in less dead weight loss to the economy and more tax revenue to the government.

however, we alreeady have a consumption tax. its called sales tax.

[obtuse_waiter]

if i recall correctly, the consumption tax was shut down by both repubs and dems when tax codes were first being created.

one reaosn might be that a tax on consumption is an incentive to consume less. whereas a tax on income is an incentive to earn less. and people are less likely to earn less than they are to consume less. so to increase total trax revenues you choose income tax, as it would result in less dead weight loss to the economy and more tax revenue to the government.

however, we alreeady have a consumption tax. its called sales tax.

incorrect
dead weight loss is here misunderstood
taxing consumption is an incentive to invest
investemnt means mroe capital buildup whihc is how wealth gets generated since mroe enterprneurs can then risk and produce
example is a guy who buy coke and whore vs a guy who invests
in current system coke whore buyer is taxed once while investor if he gains is taxed twice, and if he loses can barely write off the loss
huge dis  incentive to invest
this is not to even bring up the insanity of the fact that you are taxing the guy who invests on his dolalrs he has already paid 50% income tax on
pure insanity
the rich also consume vastly more
as do cash using drglords and foriegners
soalthough simply hurting the rich is a bad idea and a topic for another thread, the rich would pay proportionally much more sicne they spending in 100s 1000s not 1000s like me and you probably do
so common guy simply pay th elittle he spends
win for all
vote more tea party for fairer taxes
you welcome for eye opening post
I wis I had had more of this when I was 15

[tbombz]

incorrect
dead weight loss is here misunderstood
taxing consumption is an incentive to invest
investemnt means mroe capital buildup whihc is how wealth gets generated since mroe enterprneurs can then risk and produce
example is a guy who buy coke and whore vs a guy who invests
in current system coke whore buyer is taxed once while investor if he gains is taxed twice, and if he loses can barely write off the loss
huge dis  incentive to invest
this is not to even bring up the insanity of the fact that you are taxing the guy who invests on his dolalrs he has already paid 50% income tax on
pure insanity
the rich also consume vastly more
as do cash using drglords and foriegners
soalthough simply hurting the rich is a bad idea and a topic for another thread, the rich would pay proportionally much more sicne they spending in 100s 1000s not 1000s like me and you probably do
so common guy simply pay th elittle he spends
win for all
vote more tea party for fairer taxes
you welcome for eye opening post
I wis I had had more of this when I was 15

ur right, getting rid of capital gains tax would encourage more investment, but how much exactly? enough to offset the decrease in tax revenue? thats the heart of the issue.

tea party isnt the answer.

cutting taxes and boosting the economy is a good thing only if that economy is operating on a premise of faiirness, equal oppurtunity, and environmental sensibility.  tea party would totally deregulate everything, allowing companies to fuck over who ever they want, cause not just cyclic recessions but cyclic depressions, and destroy the planet.

[ManBearPig...]

ur right, getting rid of capital gains tax would encourage more investment, but how much exactly? enough to offset the decrease in tax revenue? thats the heart of the issue.

tea party isnt the answer.

cutting taxes and boosting the economy is a good thing only if that economy is operating on a premise of faiirness, equal oppurtunity, and environmental sensibility.  tea party would totally deregulate everything, allowing companies to fuck over who ever they want, cause not just cyclic recessions but cyclic depressions, and destroy the planet.

i agree with you on some points here, but you might want to rephrase your thinking.  you're making it seem like the tea party's goal is to destroy the planet.

[obtuse_waiter]

ur right, getting rid of capital gains tax would encourage more investment, but how much exactly? enough to offset the decrease in tax revenue? thats the heart of the issue.

tea party isnt the answer.

cutting taxes and boosting the economy is a good thing only if that economy is operating on a premise of faiirness, equal oppurtunity, and environmental sensibility.  tea party would totally deregulate everything, allowing companies to fuck over who ever they want, cause not just cyclic recessions but cyclic depressions, and destroy the planet.

tax revenue in itself is not a goal

minimal cost of governmetn services and maximum efficientcy is

ideally overnment spending would be reduced by 90%

[tbombz]

tax revenue in itself is not a goal

minimal cost of governmetn services and maximum efficientcy is

ideally overnment spending would be reduced by 90%

maximum tax revenue is not the goal

neither is minimal cost of government services.


maximum efficiency is a goal, but one of many.


the goal of the government is to better the world as much as possible while respecting personal freedom as much as possible. bettering the world takes money, and taxes are the source of that.

i agree with you on some points here, but you might want to rephrase your thinking.  you're making it seem like the tea party's goal is to destroy the planet.

it is not their goal but it islthe likely outcome of the policies they wish to institute. the government must work to prevent global catastrophe, economic depressions that effect living conditions, and oppression/tyranny. tea part motto of less=more would allow people to pollute as they desire increasing the chances that global warming will cause severe effects for life as we know it, the wealthy to oppress the poor, and global hunger/oppression/poverty would continue on unchecked.

tea part= no party.

[Tre]

Your thinking is too simplistic. 

1) Virtually ALL politicians do not wish to see an end of the income tax - no payroll tax = far less control over YOUR money, something the government does not wish to you.  If you think GOP decision-makers favor a consumption tax, you're an idiot, because they don't.

2) There's nothing inherently wrong with a reasonable capital gains tax.  15% is a reasonable number.  Infrastructure costs money to build and maintain.  You have to actually open your mind and attempt to think and then maybe you'll get it. 

3) Americans are consumers.  Buying stuff is what we do. Although a higher national sales tax would make many people start to take pause before making stupid purchases, it's folly to think that commerce will grind to a halt just because people are paying more taxes on what they use instead of paying income tax.  The people who make the most are going to spend the most and maybe, just maybe, more people who can't really afford $200 sunglasses will leave them on the shelf, which should result in a reduction of our credit debt, something we'd all benefit from.

[obtuse_waiter]

Your thinking is too simplistic. 

1) Virtually ALL politicians do not wish to see an end of the income tax - no payroll tax = far less control over YOUR money, something the government does not wish to you.  If you think GOP decision-makers favor a consumption tax, you're an idiot, because they don't.
---no you are an idiot because republicans do believe in letting people keep more fo thier earned money
---spare me the name calling


2) There's nothing inherently wrong with a reasonable capital gains tax.  15% is a reasonable number.  Infrastructure costs money to build and maintain.  You have to actually open your mind and attempt to think and then maybe you'll get it. 
---utter bullshit
----cap gains hurt those who are good adn invest instead of wasting capital, and they invest with post tax dolalrs, on avg 50% already taken by overwrought taxes
---capital accumulation allows produxctive capacity to grow and is the engine of growth, this point alone is so misunderstood


3) Americans are consumers.  Buying stuff is what we do. Although a higher national sales tax would make many people start to take pause before making stupid purchases, it's folly to think that commerce will grind to a halt just because people are paying more taxes on what they use instead of paying income tax.  The people who make the most are going to spend the most and maybe, just maybe, more people who can't really afford $200 sunglasses will leave them on the shelf, which should result in a reduction of our credit debt, something we'd all benefit from.
---you miss the point, th epoint to to ge trid of the IRS and all the bullshit
---the point is to have 15% or some such flat sales tax and nothing else
---tax consumption, it is more fair, and just logical, tax when you buy, simple

[Marty Champions]

ur right, getting rid of capital gains tax would encourage more investment, but how much exactly? enough to offset the decrease in tax revenue? thats the heart of the issue.

tea party isnt the answer.

cutting taxes and boosting the economy is a good thing only if that economy is operating on a premise of faiirness, equal oppurtunity, and environmental sensibility.  tea party would totally deregulate everything, allowing companies to fuck over who ever they want, cause not just cyclic recessions but cyclic depressions, and destroy the planet.

actually it can be argued that a capital gains tax(taxes on big money items you sell for cash and not invest) makes you keep investing since you cant cash out without a tax/penalty