Last night Biden said, during his acceptance speech, that Obama would "reform the IRS". Is this a hint at fair tax?


It would be a coup for the democrats to reform the IRS in such a way that people are taxed on what they buy.


1. Those with the highest amount of consumption would keep money here even though what they are buying is from china.

2. Financial obligation to one's country would increase right along with wealth, assuming they were not miserly.

We can get MORE tax dollars from taxing consumption AND at the same time cause the wealthy to foot the majority of the tax burden.


I LIKE IT!

Mike Huckaby?

Working for BO?

Doubt it!

You know the principals Obama has are decent and Biden too

But the problem is when you simplify the tax code and put it on the wealthy you drive the system to a place where it "defines wealthy"

and that definition will fall upon people who really aren't wealthy.

To BECOME wealthy you need to be able to accumulate enough money for your money to make money and what I am seeing as the definition of wealthy factors in the 12 G a year crowd so a person who achieves that 100 G a year, will find himself, utterly screwed because he will go to loosing half probably on some simple inanne system that has no loopholes like a flat tax

That Joe average dope, can figure out

and what does that actually do...

It relieves a guy making 25 G of paying 400.00 a year

But prevents him when he breacjes a hundred G for example of having anything left but 50 G (as a fictional example) because he is defined as "wealthy" long before being wealthy

so you save the poor an amount of money they cabn, maybe make a carpayment with, which at the time feels great

But you then make that same person years later struggle much, much harder to reach a place where he doesn;t have to work so hard

Realistically, most people making 25 aren't going to become that person...

But plenty do every year and that's where American Economic growth comes from

He will relieve the poor and then damn them to a life of mediocrity

and when I am poor, what i want is not a 400.00 tax break, I want the real opportunity to get out of that situation and stay there

and nothing about shifting more burden to the wealthy changes the wealthy from being wealthy... if they are wealthy already, but it does severely limit those of us who have high hopes of being wealthy from getting there.

Originally posted by mopusvindictus
You know the principals Obama has are decent and Biden too

But the problem is when you simplify the tax code and put it on the wealthy you drive the system to a place where it "defines wealthy"

Actually, I believe that is what we have today with "brackets".

I'm not saying "put it on the wealthy" I'm saying, allow the wealthy to share the burden that we are dodging today.

As a wealthy person, I have the ability to dodge most of the taxes the the vast majority don't. Simply by making it an exercise of tax forms builds a barrier to those who don't have the ability or the money to understand the forms and what they all mean.

and that definition will fall upon people who really aren't wealthy.

To BECOME wealthy you need to be able to accumulate enough money for your money to make money and what I am seeing as the definition of wealthy factors in the 12 G a year crowd so a person who achieves that 100 G a year, will find himself, utterly screwed because he will go to loosing half probably on some simple inanne system that has no loopholes like a flat tax

I'm not speaking about a tax that everyone pays regardless. I'm speaking about a consumption tax which you only pay when you make a purchase on something other than food. Surely I can control my spending habits if I wish to reduce my tax burden.

That Joe average dope, can figure out

and what does that actually do...

It relieves a guy making 25 G of paying 400.00 a year

But prevents him when he breacjes a hundred G for example of having anything left but 50 G (as a fictional example) because he is defined as "wealthy" long before being wealthy

Not if he isn't purchasing any more than he did when he made 25k a year. Now, Agreed as my income increases, my spending habits also increase. This in itself is a problem, but I won't get into that here. The main point, is that with a consumption tax, it doesn't matter how much you make, it matters how much you spend.


I think your assumptions were based on a "you pay this much percent of what you make" formula. I want to remove the "based on what you make" formula altogether.

It should be based on what you spend, not what you make.

Try doing some research into how much of the percentage of taxes is actually paid by the wealthy. Hint: Most paid by very few.