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Re: IRS on Chopping Block
[Re: bill]
#4262743
01/10/25 09:00 PM
01/10/25 09:00 PM
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Joined: Oct 2022
Posts: 3,082
NOALA
RidgeRanger
10 point
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10 point
Joined: Oct 2022
Posts: 3,082
NOALA
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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!
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Re: IRS on Chopping Block
[Re: Skinny]
#4262794
01/10/25 09:43 PM
01/10/25 09:43 PM
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Joined: Dec 2008
Posts: 3,907
dothan
eskimo270
10 point
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10 point
Joined: Dec 2008
Posts: 3,907
dothan
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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
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Re: IRS on Chopping Block
[Re: Skinny]
#4262912
01/10/25 11:35 PM
01/10/25 11:35 PM
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Joined: Feb 2007
Posts: 21,941
colbert county
cartervj
Freak of Nature
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Freak of Nature
Joined: Feb 2007
Posts: 21,941
colbert county
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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
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Re: IRS on Chopping Block
[Re: Skinny]
#4262915
01/10/25 11:43 PM
01/10/25 11:43 PM
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Joined: Dec 2006
Posts: 17,302
Madison
BowtechDan
Old Mossy Horns
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Old Mossy Horns
Joined: Dec 2006
Posts: 17,302
Madison
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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.
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Re: IRS on Chopping Block
[Re: eskimo270]
#4262928
01/11/25 12:10 AM
01/11/25 12:10 AM
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Joined: Aug 2001
Posts: 72,337
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 72,337
Luverne, AL
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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
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Re: IRS on Chopping Block
[Re: Ben2]
#4262932
01/11/25 12:35 AM
01/11/25 12:35 AM
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Joined: Oct 2000
Posts: 7,875
Lee County
RCHRR
14 point
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14 point
Joined: Oct 2000
Posts: 7,875
Lee County
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Yep then pass 10% tax for everyone no matter income level X1000
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