My idea on federal taxes is a total switch up. In that I mean, why are we still using an income based system? We should be on a consumer based system! With consumer based taxation you automatically have a fair tax system. If you are not buying things, then you don't pay taxes! When a wealthy person buys a home, car, boat, plane or any other item the current administration is trying to make you hate them for, then they would pay taxes and a lot of them! The nicer the item, the higher the tax paid.
This consumer based tax system would also tap into tourism, illegal enterprises, foreign anything, etc. Today we use the IRS for another way to get mobsters (remember Capone?) and drug dealers, etc. Vastly failing of course. While not catching them at least we would be taxing them! The next Benz or BMW or Rolls bought or the next big house or expensive jewelry or whatever purchase made, then it will be taxed! At least they would be paying into the system until the police catch up to them!
I would exempt food and utilities. Would have to study things to see if rent or mortgage payments should be exempt also. On the surface, I would say yes. This way, living essentials would not be taxed but all else would. This tax would be a national sales tax and would have to be visible on the receipt or statement so you know exactly what's the cost! Now everyone will pay their fair share.
Of course, we would have a big problem with the whole tax sector of the economy as now you no longer need anything related to taxes. H&R Block, tax lawyers, etc. all now have no job since anyone with a $5 four function calculator can do the taxes! My answer to that is phase it into existence over a time frame to allow those directly affected to make the transition. Yes, this would be rough but I believe it would fix totally the federal tax code and replace that well over 10,000 page code with one about 10 pages long!
The IRS transitions into a huge collections agency to ensure everyone is paying the feds, so it wouldn't be a total gutting of all those jobs but obviously it would be a big slice into the IRS people wise! No matter what the pains are, it is a very necessary change that has to be made. My thing is when the federal tax code is a bigger book than a physician's desk reference, then you know something is wrong!
Now, why it will never happen when anyone with 3 brain cells knows that some sort of a flat tax is the way to do it. The government will lose power! I get so mad every time I hear any pundit speak on TV or the radio about taxes. The simple reason is this. If you are not criminal in your actions, the only really other way you can be controlled in our free society is with taxes. City zoning comes in second but let's stick with the big guns! It is soooo simple. POWER!
How else can all the morons on capital hill stay in office without "buying" favor via the tax code! Congressman Rangle from NY was the chairman of the comity that oversees the tax code. Each year those pinheads in DC change the code to favor someone and add to the complexity of the code and I'm sure get something in return. You remove that source of power and what else can those morons do??? Maybe get a real job or start a real business??? Who knows and I for one could care less what they do. Obviously you can tell I am not a fan of congress when it comes to taxation.
I will blog later on this but for me, until we get people that truly want to help the country, my vote is for ANYONE that is not the incumbent candidate! More on this later but what do you think????
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