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Re: IRS on Chopping Block [Re: bill] #4262743
01/10/25 09:00 PM
01/10/25 09:00 PM
Joined: Oct 2022
Posts: 3,081
NOALA
RidgeRanger Online happy
10 point
RidgeRanger  Online Happy
10 point
Joined: Oct 2022
Posts: 3,081
NOALA
Originally Posted by bill
Originally Posted by Sasquatch Lives
I would bet 50% of tax money gets stolen or wasted.



I'd bet over 80% is unnecessary if government would stay in their lane. Government should never be the biggest employer.


I bet you're right. DOGE it!

Re: IRS on Chopping Block [Re: Skinny] #4262794
01/10/25 09:43 PM
01/10/25 09:43 PM
Joined: Dec 2008
Posts: 3,907
dothan
eskimo270 Offline
10 point
eskimo270  Offline
10 point
Joined: Dec 2008
Posts: 3,907
dothan
Originally Posted by Skinny
So much for this proposed bill.
This proposed bill switches everything over to a national sales tax of 23%! That would be on top of our 10-11.5% that we already pay here. Phuck that plan. I just bought a $6000 shed, after tax $6600, 23% would also be about $1500 extra. So despite the savings on the income tax, this deal overall is worse.

A proportional consumer tax is what is needed and it sounds like they are just throwing a 23% number out based on what they feel needs to be generated in tax revenue which is ridiculously high. If they can create a consumer tax that raises as you purchase a more expensive product (think Kia vs lambo) it will generate more tax revenue than is currently available. Also it would end the days of paying someone under the table or having a cash only career.


Super Predator
Re: IRS on Chopping Block [Re: Skinny] #4262912
01/10/25 11:35 PM
01/10/25 11:35 PM
Joined: Feb 2007
Posts: 21,939
colbert county
cartervj Offline
Freak of Nature
cartervj  Offline
Freak of Nature
Joined: Feb 2007
Posts: 21,939
colbert county
The real problem is the debt

We’re at a trillion dollars in interest now

That’s ridiculous.


“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
Re: IRS on Chopping Block [Re: Skinny] #4262915
01/10/25 11:43 PM
01/10/25 11:43 PM
Joined: Dec 2006
Posts: 17,302
Madison
BowtechDan Offline
Old Mossy Horns
BowtechDan  Offline
Old Mossy Horns
Joined: Dec 2006
Posts: 17,302
Madison
Originally Posted by Skinny
Rep. Buddy Carter introduced the Abolish IRS and Income Tax bill this morning. If any part of it gets through, its better than where we are at right now. I really am hopeful that some of it will get passed.
https://x.com/IanJaeger29/status/1877543054799786444


That theory should be fun to watch since they have hired so many employees in the last year.


Nathan Carl Goff 19 Sept 2016 - 14 Jan 2017.
Re: IRS on Chopping Block [Re: eskimo270] #4262928
01/11/25 12:10 AM
01/11/25 12:10 AM
Joined: Aug 2001
Posts: 72,336
Luverne, AL
Skinny Offline OP
GUVNER
Skinny  Offline OP
GUVNER
Joined: Aug 2001
Posts: 72,336
Luverne, AL
Originally Posted by eskimo270
Originally Posted by Skinny
So much for this proposed bill.
This proposed bill switches everything over to a national sales tax of 23%! That would be on top of our 10-11.5% that we already pay here. Phuck that plan. I just bought a $6000 shed, after tax $6600, 23% would also be about $1500 extra. So despite the savings on the income tax, this deal overall is worse.

A proportional consumer tax is what is needed and it sounds like they are just throwing a 23% number out based on what they feel needs to be generated in tax revenue which is ridiculously high. If they can create a consumer tax that raises as you purchase a more expensive product (think Kia vs lambo) it will generate more tax revenue than is currently available. Also it would end the days of paying someone under the table or having a cash only career.


That sounds good, but the problem with that is the volume of bureaucrats and accountants nationwide that would be needed to enforce, collect, and do the accounting for it. I can see that system being very easy to defraud. Reporting of price sold verse actual money collected we all know is a time honored tradition of tax avoidance. Also, you run into the arbitrary nature of stepped up and down taxes. A big price tag for one guy is not a big price to another, regardless of how much money either guy has. I may think $10 for the same widget is a bad deal, you may think $100 is a good deal and we might both be in the same income range.


"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
Re: IRS on Chopping Block [Re: Ben2] #4262932
01/11/25 12:35 AM
01/11/25 12:35 AM
Joined: Oct 2000
Posts: 7,875
Lee County
R
RCHRR Offline
14 point
RCHRR  Offline
14 point
R
Joined: Oct 2000
Posts: 7,875
Lee County
Originally Posted by Ben2
Yep then pass 10% tax for everyone no matter income level


X1000

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