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| *Loan,banking and credit>>>tax planning |
Do you agree with the fair tax plan and if not why? |
Check out fair tax .org it soumds fair everyone pays equally and no one is exempt fir for everyone Yes I do agree with it at least that way everyone would pay taxes and not just those of us that work. It's a good idea and should be put into practice.... that is the only fair way to do it , but then where would all the lazy people get their free stuff? Surely that plan would lose a lot of money from taxing the successfull so much I agree with it Our tax code is totally wrong. Just becase someone works harder, is more creative, etc. doesn't mean they should be subject to a higher tax rate. It's counterintuitive to penalize achievement. Absolutely! Across the board it's the way to go. http://www.google.com/url?sa=t&ct=res&cd... yes i believe in fair tax., not the kind we pratice, irs needs to go first, then we need to vote a new system into pratice. No. It is a scam. It is not a fair tax system because it is regressive and lets the rich off the hook while placing an increased burden on the middle class (or it starves the system entirely), depending on how your look at it. Our country would be like mexico in a matter of decades. It is an insanely unfair tax system that is being pushed by the wealthy who want to pay less in taxes than they are now. And the fair tax would deliver a massive savings to them if you consider their total tax burden at current rates (all taxes not just income). There are blatant lies and misinformation on fairtax.org web site any economics student could point out. The main problem with the fair tax is that it ignores assets. Assets are not free to maintain. Do you think the government spends more time and energy protecting Bill Gates assets, or yours? I'm not talking about his income, his income only changes if his immense wealth increases in value. But just to maintain his assets at their current level of value requires massive GOVERNMENT investment in copyright protection, roads, airports, judges, juries, couthouses, almost every public resource is strained to ensure that bill gates assests remain valuable, and that's even if he loses money! In the "fair tax" system bill gates wouldn't pay a PENNY if the value of his assets never went up, which is the entire problem, because just maintaining those assets requires massive government spending and infrastructure. That it what we progressives mean when we say the rich need to pay their fair share. The keys to a truly fair tax system are that: 1) Assets are taxed as well as income or income taxing is progressive 2) Income gotten through non-work (inheritence, investment income, etc...) should NEVER be taxed at a lower rate than income gained through work (wages and salary) 3) Those who require government assistance to provide for their basic needs should have their tax burden reduced or else you are introducing inefficiency into the system. |
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