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Article #65

Re: Income tax repealed...maybe...

#65
From: Michael
Date: Wed, 10 Jul 1996 00:00
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Lyle Cox wrote:
> 
> The problem I see with a
> > federal sales tax is that you would have to make exemptions for most things that
> > the poor purchase to ensure they are not paying a greater percentage of their
> > income for taxes than is being paid by middle and upper income groups. Clothes,
> > furniture, energy, transportation, food, medical, education and many other things
> > are minimal necessities for the poor and to make them pay a federal tax on these
> > items does not seem reasonable to me. If we try to set up a system where they can
> > avoid paying the tax on these items it could easily end up being as much of a
> > joke as the current exemption based tax system.
> >
> > I think a simple postcard for a tax return would cost hundreds of times less than
> > tracking all purchases for federal tax purposes and filing on all of these
> > purchases. Remember also that most things we purchase are made up of many
> > individual raw items whick are purchased to be combined and then resold over and
> > over again before ending up in the consumer's hands. Will each of these levels of
> > sales be taxed 15% or will they require exemptions?
> >
> > I'm also curious about how a 15% flat tax would affect the current capital gains
> > tax structure?
> >
> > ..JohnAny one ever stop to think that the poor (I'm one of them) also tend to
> use a higher percentage of the government's resources.  Maybe we should
> pay a higher percentage of our money in taxes.  I make the point that my
> necessities of life are very much different than someone else's
> necessities.  To some beer and cigarettes are necessary. [Beer I agree
> with  :)  ]To others they would be a luxury.  The only people capable of
> making that decision are the people buying the items.  Keep it simple.
> Sales tax with no exemptions, no deductions!!!!Taxes are taxes and always will be taxes!  Taxes are taxes and there 
will always be more taxes it is inevitable.  The best thing for anyone 
to do is set up a contract or "Bind Trust" as it is known to all the big 
wigs in D.C..  They all know about it because they have one set up. 
It allows you to be exempt form taxation except for the money you would 
spend for clothing and food items. Think about it!  Who cares how many 
bills are created for new tax revenue as long as you do your job as a 
congressman or senator, which is to come up with ways to pay the bills 
even if that means more taxs, because HEY, I don't have to be subject to 
the ones I create, I have a Blind Trust that exempts me.  What a great 
system.  They should know they created it.
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From: Michael <" msaxbury"@frame.com>
Subject: Re: Income tax repealed...maybe...
Date: 1996/07/10
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