Dem, Pub, Lib, or other...

bkhallpass wrote: The only fair tax, is a flat tax. Everyone pays the same flat tax on every dollar made. If you earn a dollar you pay 15 cents. If you earn 10,000,000, you pay 1.5M. No exceptions, no credits, no deductions. BKH

BKH- What is so unfair about it? The only difference in the fair tax and what you propose is when you tax it. The advantage to taxing consumption is that everyone pays, no exceptions. For example, illegal immigrants that get paid under the table, drug dealers, prostitutes, etc, you get the point. People that don't necessarily report an income.

eric lavin wrote: it should be across the board, but i dont agree on a fixed 15%, what if you have 4 kids, medical bills, and the family next to you doesnt? at 15% and no kids they will move to a nicer neighborhood because they have no expenses, i think tax brackets are in order and exemptions, but need fine tuning,

Eric- Why should I be penalized for your decisions? If you chose to have 4 kids, you should know that there are expenses that go along with that. If I chose not to have any, why should I not be able to enjoy a nicer lifestyle?

The FairTax does not only help the rich and hurt the poor and middle class. Think about it for a minute. Do the super rich by used cars or really expensive new ones? Do they buy your used house or build a huge new one? They are still going to do these things and they will still be bearing a majority of the tax burden. The poor and middle class and everyone could, if they so chose, live tax free with the prebate they get for food and buying only used items. How is that hurting anyone?

Read the book. It is actually very entertaining along with informative.

I began to write out a response about all the reasons a consumption based tax as our sole source of government funding is ridiculous. I deleted it.

Fact is, I knew I should have kept my mouth shut in the first place. If I say what I really think, I'll inevitably piss off someone who doesn't share my views, and with whom I have no beef in the first place. I come back to this site time and again because I love the boats, and I really like the people, not to stir up a bunch of ill feelings.

Azeus and Buffalo, if I ever meet you personally, we can have a friendly debate.

For now, I'll just use my one vote for whatever tax proposals are put on the table.

BKH

First, let me say that I am a registered Independent. I listen to all options and then decide. I expect anyone that spends my money to do so with the same frugality that I do.

As I will be leaving the working environment soon, I look forward to living on as much of the government as I can. I have set up my finances so that I will pay little to no taxes each year when I leave work.

If not for me still working this year, the wife (retired in 2007 but still pays her 1/2 of our expenses), would actually have received Stimulus money and would not have paid in a dime (filing married but seperate). But when we add her interest to my interest/income, we pay as usual...

I have paid into the system for 35 years and have paid what I feel has been more than my Fair Share. I now plan to enjoy the benefits from my labors and off the back of the taxpayer. That means that I continue to use DOT resources and have security from our Armed Forces but no longer pay for it.

If you plan well, you can too.. I have learned from those that figured it out before me. But I am still a registed Independent.

OK.. Flame Away...

its not being penalized Azeus, I just feel the more you make the more they should take, if your up in the 7 figure income i feel it should be a 25 to 30% tax on that income, up to 100k maybe 10%, fine tune the system.
if you havnt figured out what money does to people in the last couple years.
the problem though is the very wealthy sometimes tend to be generous and give to charities....for the write off, its complex
I guess my point is if you make 1 million and you are taxed 30% that leaves you 700k, very easy to live on and really wont be missed, but on 100k, that 30% would be missed and would affect lifestyle....now if i made 1 milly a year, i surely would bitch about 30%.....but wouldnt miss it

I need a Obama progress report....Greg, azues, Riley, Mike

funny on how we are controlled and most dont even know it,
Riley, what are you saying? rib cookoff this weekend   lol

They can't get us to give up our guns, so they're taxing the dog squeeze out of ammo.

Got that right...