Wet dream

Discussion in 'The Real World' started by Gonz, Aug 2, 2004.

  1. Gonz

    Gonz molṑn labé Staff Member

    :fap:
     
  2. ResearchMonkey

    ResearchMonkey Well-Known Member

    ;)


    IRS, BAH!

    Consumption tax is the way for equiviacy; those who use it more pay more and it keeps the focus capitolizmz
     
  3. HomeLAN

    HomeLAN New Member

    I'd be a shitload happier if they'd drop the VAT idea. What a fucking adminstrative nightmare.

    Gimme a sales tax.
     
  4. rrfield

    rrfield New Member

    I was all for Steve Forbes and his flat tax proposal. 17% flat rate for all income above $36,000 a year. Wait, what's that? Just for income above $36,000? That's right... poor people would have paid NO INCOME TAX. Hell, in a lot of places $36,000 is middle class. Unfortunatly Forbes has a personality that make Gore and Kerry look like socalites. He couldn't sell his ideas. He especially didn't push the fact that poor families would not pay federal income taxes. Oh what could have been.
     
  5. MrBishop

    MrBishop Well-Known Member

    Income tax is too much of a cash-cow to even touch. It's a nice idea, but about as useful as tits on a bull.

    It's also a nice way to bolster the wavering black and grey-markets :) If what you bought ain't registered...you certainly ain't paying tax on it, eh?

    I liked the flat-tax idea...but a lot would have to go towards closing the swiss-cheese set of laws that riddle any tax system...including the existing income tax system.
     
  6. PT

    PT Off 'Motherfuckin' Topic Elite

    On one hand I like the idea, on the other I think it will be just as bad as the current system in a matter of a few years. Soon you'll see that there is no tax on BMW's, Jaguars, or Caviar. Surely the taxes on bread, milk and sugar will always be there though.
     
  7. Gonz

    Gonz molṑn labé Staff Member

    Mo taxes food? I can't recall a single state I've been in that taxes food (save prepared & some packaged crap).

    How about 4% on every dime. No write-offs of any sort.
     
  8. PT

    PT Off 'Motherfuckin' Topic Elite

    We have a mutant sales tax in Mo. 3% food, 6% almost everything else. The bottom of the reciept can get pretty interesting. I was surprised myself when I moved down here, in Iowa it was 4% (1989) on everything except food, food wasn't taxed.
     
  9. PT

    PT Off 'Motherfuckin' Topic Elite

    Ok, just did a little research.

    Cole County, Jefferson City. Sales tax = 6.225% Food Tax = 3.225%
    Gasconade County, Owensville. Sales tax = 7.225% Food Tax = 4.225%

    The county and each city gets a little piece of each, so they can also determine the effective tax rate depending on where you are. I just see adding a Fed tax on top of this would just clusterfuck it up even more.
     
  10. chcr

    chcr Too cute for words

    TN taxes food at the same rate as everything else. :(

    rr, one of the reasons a flat tax will probably not get passed is that poor people not only don't pay taxes, they are in fact subsidized. The government gives them "back" more than they paid in. I don't mind helping those who need it, but the system certainly gets abused quite a bit. :shrug: A lot of people point at the "flat tax" and say, "See, it helps the poor." In fact, it costs them money. A true flat tax would need to be applied to everyone equally, IMO.

    More what I would have in mind.
     
  11. HomeLAN

    HomeLAN New Member

    GA levies sales taxes at full rate on food.
     
  12. rrfield

    rrfield New Member

    As fair as it would be, a true flat tax would never pass. The earned income credit would probably have to stay. So would the mortage interest tax deduction. Oh, and the per-child tax credit. Anything over 100,000 would be taxed at 20% instead of 17%...

    You are right though, I forgot about the EIC. Duh. One group that would benefit a lot from the Forbes flat tax is the lower middle class...those making too much for the EIC and below $36,000.
     
  13. Gato_Solo

    Gato_Solo Out-freaking-standing OTC member

    So you're not even willing to give it a chance? Come, now, you can't be that defeatist...
     
  14. Inkara1

    Inkara1 Well-Known Member

    California has a "snack tax." Items that are 100 percent ready to be consumed at the moment you pay for them are taxable at the regular sales tax rate. Convenience store fare, fountain sodas, restaurant fare, etc. are taxed this way. Items that you have to prepare in some way yourself are not taxable, and are also eligible to be bought with California's "Golden State Advantage" card (the food stamp card). Milk, fruit juices, eggs, bread, cereals, meats, vegetables (canned and fresh), etc. fall under this group and aren't taxed.

    Where it gets interesting is canned and bottled sodas. Sodas are taxable. In addition, stores are required by law to charge the California Redemption Calue (CRV), which is the recycling deposit. The idea is for you to save your cans and bottles and take them to a recycling center, where you'll get your CRV back. A lot of people don't do this though, and a surprising number of recycling centers don't pay. CRV for a 12-pack of canned soda is 48 cents. Now the good part: CRV is also taxable. So last time I was at Food 4 Less, they had selected varieties of soda on sale for $2.38 a 12-pack. I bought one 12-pack of A&W root beer and one of 7up. That would be $4.76, right? Wrong; after tax and CRV it comes out to $6.13.
     
  15. Gonz

    Gonz molṑn labé Staff Member


    EIC is theft from the non-socialists. Mortgage deduction & child tac credit could be recouped by the savings.

    How about taxing those makeing under 100k @ 20%

    100.001. - 250,000. @ 17%

    205001+ at 10%


    I would be screwed going to a flat tax but those making over 50, 75, 100k have no reason to be robbed for success.
     
  16. Gato_Solo

    Gato_Solo Out-freaking-standing OTC member

    So you advocate a reversed tier tax system? I'm surprised at you Gonz. 10% for everybody making $36,000 or more per year is sufficient for everything the Constitution requires taxes for. Social Security, as another tax, should be voluntary...but those who do not pay, do not get benefits. ;)
     
  17. Gonz

    Gonz molṑn labé Staff Member

    :p

    You know what I was infering. And I still say 4% is sufficient.
     
  18. Gato_Solo

    Gato_Solo Out-freaking-standing OTC member

    Screw that. I like my raises...10%. :grinyes:
     

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