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  post #11  
Old 01-27-2008, 09:06 PM
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Quote:
Originally Posted by DarkNinja View Post
...so what's that big chunk out of my paycheck called FICA go to?
Okay, it's A different line item than "personal income tax" but it's still coming out of my "personal butt"

It's not "just" income tax, it's being taxed when you spend it, taxed if you invest it and make anything (tax on interest income, but what about when an investment loses?) taxes tacked onto food, electricity, liscenses, phone, and on and on and on and on.....58%???...probably a conservative estimate
FIca is a tax for Poor Planners in Life...

Quote:
The Federal Insurance Contributions Act (FICA) tax is a United States payroll (or employment) tax[1] imposed by the federal government on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, the disabled, and children of deceased workers. Social Security benefits include old-age, survivors, and disability insurance (OASDI); Medicare provides hospital insurance benefits.
Thanks wikipedia.
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  post #12  
Old 01-27-2008, 11:00 PM
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Originally Posted by WebFisher View Post
Chappy, I can see your point, and I almost agree with you.



However, on a flat rate federal tax, someone who only makes $10,000 per year would be more impacted by a 10% tax ($1000.00) than someone making $200,000 per year ($20,000). I'm afraid that there is no easy answer for the tax problem in our country.

I would lean more toward a nationwide flat rate sales tax. Employees wouldn't have taxes taken out of their checks, but instead, would only pay tax when they spend it.
OK, this is a subject I've thought about on & off for well over 20 years.

My answer to the following supposed problem appears just past this quote:

"... on a flat rate federal tax, someone who only makes $10,000 per year would be more impacted by a 10% tax ($1000.00) than someone making $200,000 per year ($20,000). I'm afraid that there is no easy answer..."

Well the thing is, if everyone pays the same percentage, then anyone, no matter how poor or rich has paid their fair share. They can be equally proud or ashamed of what the money is spent on--each person is equally vested on a percentage basis. But it hits the little guy harder as said before--yes that's true, but what we do, tax wise, for poor people makes NO SENSE AT ALL. Let me explain: Letting someone pay less taxes percentage wise because they make less is actually rewarding people for being less productive. Ever work in a production enviroment? Rasies in such places are often tied to productivity. Can you imagine going in for your yearly review & being told "Well, you produced less than anyone last year, so were gonna give you an easier job, with less expectations, and oh yeah, a small raise anyway"-- well that's kinda what you do when you reward bad behavior(make very little $$$=less productive) thru less percentage taxes. The better you understand (A) math , (B) human behavior & (c) Government behavior, the more you end up liking the flat income tax.


Now if we (and I do) want to help those willing to work, but lacking skills, the thing to do is to sponser training & education, not let them pay a smaller percent in taxes!!! BTW-- You don't have to keep track of people wanting training--just train those in need-- heck if there's room, train anybody that wants training. Just don't reward bad behavior.

Now on to the other thing:
Quote "I would lean more toward a nationwide flat rate sales tax. Employees wouldn't have taxes taken out of their checks, but instead, would only pay tax when they spend it."

A nationwide sales tax isn't a horrible idea, but it is riff with problems. First, as already kinda noted, everyone has their pet list of things that should be tax free. Well, here's an idea: What makes you think that just because I want to buy something that the government deserves a windfall when I make my purchase? Step back & see the forest for the trees.

Then there's the issue of older people, who as a group make the most money in the U.S. because they have lived & invested for the better part of a lifetime already. You see these people spend very little-- they already have everything. Granted they are very poor retired people, but it is a fact that as a group, they have the most money & many make a killing off of investments. So where's the fairness? A national sales tax puts the tax burden on people struggling to make it--young people/couples who must spend most of their incomes on basic needs--which goes beyond food--includes bedsheets & stuff like that. All of this crap is avoided with a national flat, no exceptions, income tax!!!

Now to hit an argument that hasn't been brought up yet, but has been around for many years: The underground economy & drug sellers. N. sales tax advocates like to talk about bringing in the underground economy (think flea market as example) & the money made by drug sellers in to the grand scheme of things tax wise. First off, with a huge N. sales tax, the underground economy will not stop & may even grow. As for drug pushers, I don't want to use those people for anything other than for police shooting practice!!

Then there's the way government acts thing. You see, with a N. sales tax, sooner or later, groups will want certain things taxed heavier just because. Things like guns (real & paintball), ammo, boats (list would be endless). Why? well they will reason that if you can afford such items you can afford the extra tax. And really, does anyone need to buy a 38 pistol anyway(they'll ask)? And on & on it'll go, battles year in & year out over taxes. Just stop it with a flat income tax and the reduce any tax battles to just 1-- the rate itself. BTW-- change the constitution if necessary-- but require that any rate increase requires the approval of the general U.S. popualtion via national referendum except for national emergencies (war). Also allow for the possible recall of presidents & congress if rate is increased for ANY reason.

Of course, this severaly hampers the "promise, promise, promise" method of getting elected, which the N. sales tax does nothing for. This would be the main reason it'll never happen.

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Last edited by ace007; 01-27-2008 at 11:23 PM. Reason: add clarity
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  post #13  
Old 01-28-2008, 08:25 AM
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This is a link below is the website for the Fairtax with alot of answers to questions you may have. Radio Host Neil Boortz regularly gives details on his show, he also helped with the books that explains the fairtax.
Fairtax
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  post #14  
Old 01-28-2008, 09:02 AM
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I have been to the website, and there are GAPING wholes they attempt to cover up, So i just dont see it. For the record i am more of a stop taxing people period, why does the damn government need to be so freaking big, the damn Democrats started this nonsense.
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  post #15  
Old 01-28-2008, 09:44 AM
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I think that if every government official had term limits it would go a long way to fixing most of our problems. I think elected office should be looked at like jury duty a public service not a career.
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  post #16  
Old 01-28-2008, 11:05 AM
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Originally Posted by amarks1 View Post
I think that if every government official had term limits it would go a long way to fixing most of our problems. I think elected office should be looked at like jury duty a public service not a career.

Good call, I second that!!!!
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  post #17  
Old 01-28-2008, 10:42 PM
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Quote:
Originally Posted by socoj2 View Post
I have been to the website, and there are GAPING wholes they attempt to cover up, So i just dont see it. For the record i am more of a stop taxing people period, why does the damn government need to be so freaking big, the damn Democrats started this nonsense.
Hotdog! We agree on that!

As a matter of fact, if you think about it, since about 1950 the government has done little if anything right. Don't get me wrong, there's been sucess stories, but..look at the costs involved.
1. Our Military--best in the world. But for the money spent, our soldiers should have more equipment, better equipment, and better pay & benefits. Did you know that many of the fancy stuff we have now have their roots in 1940s & 1950s work? Can you say stealth fighters?

2. Our space program-- again best in the world. But since the 1960's quite a few people have died needlessly, mostly due to over ambition. And the space station--why build one that will fall out of orbit? It should be on the moon instead.

3. Social programs-- Is there really any need to comment on this constant white elephant?

Now this crap starting in the 1950's isn't by chance-- it's a result of the "NEW DEAL" that FDR got passed, which created most of our current government, if not by the number of departments, then over whelmingly by dollars spent by our Federal government. You see, it didn't take long for "policy wonks" to completely take over.

Carolina Riot
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