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Article #81Re: Income tax repealed...maybe...
From: Lyle Cox
Date: Mon, 01 Jul 1996 00:00
Date: Mon, 01 Jul 1996 00:00
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3188 bytes
Everyone is trying to make this idea too complicated, which in turn will bring it down. The only way to make this work is allow no deductions, no exemptions, etc. This would help to eliminate the old practice of being declared a non-profit institution just to get out of paying taxes. Think about how big the operating expense of the IRS is, and how much money could be saved by eliminating the Department. We are talking about a substantial savings in printing costs alone!! How many pieces of paper are generated just to print the forms and the instructions for the forms. I could live very nicely on the money every year. Not only would we save salaries and benefits of thousands of employees, but how about office rent, cars, guns, miscellaneous office supplies, just to name a few. It's a fair system. The poorer people (which I am one, family of four, living on less than $30,000 per year)buy less expensive food and "necessities". While I eat hamburger and beans, my more fortunate friends eat lobster, steaks, fine wine, etc. They also tend to eat at restaurants more often and pay a premium for that food. My supper might cost a couple of bucks, theirs cost them a couple hundred bucks. (I've eaten with them several times, their treat). Bill Gates can't spend as much as he makes??? He could, he chooses not to, which is something we should all strive for. You don't suppose that not spending everything he makes has anything to do with him being able to amass a fortune that makes him one of the richest men in the world? Look, the flat tax still requires an IRS, and therefore all the problems and expenses. It's too easy as a self-employed contractor to hide money. How are you going to determine what my salary is so you can tax it? But it is very easy to determine how much I spend. The state does a great job of collecting sales tax on everything I buy. That's the real beauty of sales tax. The collection process has already been tried and proven! With the exception of very few states, (two I think), the agencies and the processes are already in place. Actually, I think that once the IRS is abolished, the underground economy is taxed, and the loopholes plugged by eliminating exemptions and deductions, we'll find that so much money is found and generated, that we probably don't need anywhere near 15%.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 101acf,f2c364be31848f75 X-Google-Attributes: gid101acf,public X-Google-Thread: 1073ca,f2c364be31848f75 X-Google-Attributes: gid1073ca,public X-Google-Thread: f6cc7,f2c364be31848f75 X-Google-Attributes: gidf6cc7,public X-Google-Thread: f824f,f2c364be31848f75 X-Google-Attributes: gidf824f,public From: Lyle Cox <lyle@frii.com> Subject: Re: Income tax repealed...maybe... Date: 1996/07/01 Message-ID: <31D8ADE1.4B7D@frii.com> X-Deja-AN: 163232889 references: <4q7so3$ul@nntpa.cb.lucent.com> content-type: text/plain; charset=us-ascii organization: Front Range Internet, Inc. mime-version: 1.0 newsgroups: pa.general,co.general,triangle.general,ba.general x-mailer: Mozilla 2.0 (Win16; I)