Eliminate ALL Federal Taxes

[bedub1]

Taxes don't apply to everybody equally. Some people create loopholes to get around them. Some just cheat on their taxes. I think it's time to end all federal taxes. I think the federal government should get it's money by printing it. This will probably cause small amounts of inflation, but it will effect all money equally. It doesn't matter what loopholes you try to make, you can't get around them. It doesn't matter if you aren't an American, you have our money, you will also experience inflation.

Thoughts?

[DoomYoshi]

Taxes don't apply to everybody equally. Some people create loopholes to get around them. Some just cheat on their taxes. I think it's time to end all federal taxes. I think the federal government should get it's money by printing it. This will probably cause small amounts of inflation, but it will effect all money equally. It doesn't matter what loopholes you try to make, you can't get around them. It doesn't matter if you aren't an American, you have our money, you will also experience inflation.

Thoughts?

The church asks for 10% income tax. Should we pay that instead?

Also, inflation already happened. The amount of gold you can buy with an American dollar has decreased by 85% since 2002. That's what I call inflation.

[thegreekdog]

http://www.nytimes.com/2012/11/26/opini ... l?hp&_r=2&

From Warren Buffett.

I was going to create a new thread, but thought I would get some backlash.

This outrage points to the necessity for more than a simple revision in upper-end tax rates, though that’s the place to start. I support President Obama’s proposal to eliminate the Bush tax cuts for high-income taxpayers. However, I prefer a cutoff point somewhat above $250,000 — maybe $500,000 or so.

[Night Strike]

Precisely why there should be a flat income tax or a flat sales tax: people would actually be treated equally.

[CreepersWiener]

Precisely why there should be a flat income tax or a flat sales tax: people would actually be treated equally.

Just make sure that if a sales tax is ever instituted, that income tax is abolished. That's the only way I would agree to a national sales tax.

[patrickaa317]

The church asks for 10% income tax. Should we pay that instead?

The church asking for 10% and the federal government confiscating whatever they deem is necessary are two different things.

[Phatscotty]

Taxes don't apply to everybody equally. Some people create loopholes to get around them. Some just (have permission to) cheat on their taxes.

...but...financial discrimination is a favorite pastime!

[bedub1]

Precisely why there should be a flat income tax or a flat sales tax: people would actually be treated equally.

This isn't true though. Some people still avoid paying taxes. Some people don't buy US products to avoid the sales tax. Some people aren't us Citizens and thus aren't subject to our taxes, but they still have lots of USD's. Inflation effects ALL equally.

[Dukasaur]

Precisely why there should be a flat income tax or a flat sales tax: people would actually be treated equally.

This isn't true though. Some people still avoid paying taxes. Some people don't buy US products to avoid the sales tax. Some people aren't us Citizens and thus aren't subject to our taxes, but they still have lots of USD's. Inflation effects ALL equally.

Non-citizens are still taxed.

If I go to the US, I pay all the local sales taxes except a few specific exemptions when crossing the border. And if I get a work permit and work there, I will have income tax withheld at the same rate as you. A higher rate, most likely, because I will not be eligible for some deductions that you will get.

[Timminz]

In 2011, the US federal government spent approximately $11,000 per capita. A very simple, and extremely fair tax system would be to just take the first $11,000 each person earns in each year. The share for children not yet old enough to earn money would be the responsibility of the parents (this would also serve as an effective deterrent to stupid people reproducing).

Totally fair. Totally simple. Totally the best tax system ever.

[Baron Von PWN]

In 2011, the US federal government spent approximately $11,000 per capita. A very simple, and extremely fair tax system would be to just take the first $11,000 each person earns in each year. The share for children not yet old enough to earn money would be the responsibility of the parents (this would also serve as an effective deterrent to stupid people reproducing).

Totally fair. Totally simple. Totally the best tax system ever.

So a head tax. this is a terrible system of taxation.

[thegreekdog]

In 2011, the US federal government spent approximately $11,000 per capita. A very simple, and extremely fair tax system would be to just take the first $11,000 each person earns in each year. The share for children not yet old enough to earn money would be the responsibility of the parents (this would also serve as an effective deterrent to stupid people reproducing).

Totally fair. Totally simple. Totally the best tax system ever.

Let's see.

[TGD checks 2011 tax return] - $26,000 of tax
[TGD checks 2012 family] - 4 members
[TGD does math] - $44,000 of tax!

Screw you Timminz!

[Night Strike]

In 2011, the US federal government spent approximately $11,000 per capita. A very simple, and extremely fair tax system would be to just take the first $11,000 each person earns in each year. The share for children not yet old enough to earn money would be the responsibility of the parents (this would also serve as an effective deterrent to stupid people reproducing).

Totally fair. Totally simple. Totally the best tax system ever.

Let's see.

[TGD checks 2011 tax return] - $26,000 of tax
[TGD checks 2012 family] - 4 members
[TGD does math] - $44,000 of tax!

Screw you Timminz!

Although, if that $11,000 replaced ALL other forms of taxation, do all your other taxes combined surpass $44k?

[thegreekdog]

In 2011, the US federal government spent approximately $11,000 per capita. A very simple, and extremely fair tax system would be to just take the first $11,000 each person earns in each year. The share for children not yet old enough to earn money would be the responsibility of the parents (this would also serve as an effective deterrent to stupid people reproducing).

Totally fair. Totally simple. Totally the best tax system ever.

Let's see.

[TGD checks 2011 tax return] - $26,000 of tax
[TGD checks 2012 family] - 4 members
[TGD does math] - $44,000 of tax!

Screw you Timminz!

Although, if that $11,000 replaced ALL other forms of taxation, do all your other taxes combined surpass $44k?

No. And actually, I had 3 family members last year, so tax would have been $33,000. Still not acceptable.

[bedub1]

In 2011, the US federal government spent approximately $11,000 per capita. A very simple, and extremely fair tax system would be to just take the first $11,000 each person earns in each year. The share for children not yet old enough to earn money would be the responsibility of the parents (this would also serve as an effective deterrent to stupid people reproducing).

Totally fair. Totally simple. Totally the best tax system ever.

Let's see.

[TGD checks 2011 tax return] - $26,000 of tax
[TGD checks 2012 family] - 4 members
[TGD does math] - $44,000 of tax!

Screw you Timminz!

Although, if that $11,000 replaced ALL other forms of taxation, do all your other taxes combined surpass $44k?

No. And actually, I had 3 family members last year, so tax would have been $33,000. Still not acceptable.

Yeah I agree that's a terrible idea. Mine is a flat rate per dollar you have. But the flat rate is the same for everybody. And it's not just on your "Income", but on your total holdings of USD.

Taxes aren't how the government gets money to run itself. Taxes are how the government controls the availability and value of money. Too much money in the system, implement some flat rate taxes. Too little money in the system, either print it and spend it, or give tax refunds.