I definitely agree with you on this topic. A flat tax could also bring motivation for people to work harder and become more successful.
The truest fair tax would have to be a flat tax, with no exemptions for anyone including businesses. If a worker pays 10% of his/her gross income out of their check, then a business would pay the same 10% from their gross intake. Not only would there be a greater revenue but we could eliminate the bulk of the IRS. A flat tax with no exemptions is the fairest tax for everyone. I am interested to see the comments to this discussion.
the best and fairest form of taxation would be a 0% income tax for everyone. instead there would just be an import tax and an excise tax, that way it is market driven. it would be driven by human choice and action, not by theft. the income tax essentially says that the government owns all of your money and lets you keep a certain amount. for most of our country’s history we have not had an income tax and everything worked fine
Joe, 0% taxation, of course, would be the absolute best case scenario. But lets look at it a little closer. When the Constitution was written the country was protected by the militia which was every man in the country. We would hardly be able to defend this country from the ground only. We would need our military, as is. That takes money. We have The federal interstate system that is necessary to not only keep us moving across the country but also goods and services. We could give it to each state to maintain whatever sections of interstates that is inside their borders, but if they failed to maintain it then you have a breakdown in the system. This is just a couple of examples of things that need to be handled from the federal level, there are many more. I also believe that no matter what taxing system we have, the federal government should be held accountable by WE THE PEOPLE for how that money is spent.
Joe, my intent in saying “as is” was to say that we do need to have a military for our countries defense. We would not be able to defend it with just a militia made up of citizens. It was not my intent to suggest that we need to continue to dump billions upon billions of tax payer dollars into it, just that it is necessary to have them in place. My apologies for the misunderstanding.
we could reduce our military spending levels drastically and still be able to defend ourselves. many steps could be taken such as reinstatement of letters of marque and reprisal. plus, if you privatized social security, got rid of all the other entitlements (medicare, medicaid, welfare, etc.) we could easily afford a strong military with just an import and excise tax system… and would not be robbing the people and businesses in the process
I have to be honest, I’m not really sure how to answer to that Welfare, when used the way it was set up, which was to temporarily assist people through a rough spot in their lives, is a useful, positive thing. Medicare and medicaid, are set in place for people who can’t get health insurance or their insurance provider has dropped them because of things like cancer and diabetes. Also, millions of people have been paying into medicare and medicaid for decades, should we say we are eliminating those programs even though you have paid into it for years and now that you need it, because you have cancer, you can’t get the medical treatment you need. Are these things being abused, without question, are there those who have paid into it and are using it legitimately, to save their lives because it’s all they have, absolutely. I don’t know all the answers, but I think we can come up with something that’s better than just taking away the only thing keeping some people alive, or maybe we can justify it by saying it’s for the good of the country.
We do not need an income tax at all. Simply abolish the IRS, end the income tax and install a national sales tax. In addition to simplifying things and help cut down spending, it is the fairest tax of all. There is no longer an underground economy and even the drug dealers pay their fair share of taxes.
As the IRS scandal grows, this could be the one time to implement it and get rid of the IRS.
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