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Originally Posted by Barefootsies
You want to actually do something? Change the fucking tax laws. Eliminate capital gains, death tax all together.
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Yes, a rework of the tax law is needed, but have you noticed that everyone always changes it to benefit just themselves and no-one else.
tax the rich how? Worse than they are right now? Just because they are wealthier than someone else? Where is the equality and justice in that type of logic? That would be akin to giving you a 5 day sentence for stealing a car and I got 20 years for the same crime based on our financial positions. Treat a dollar equally, no matter who earns it. It doesn't earn votes, but it's the only fair way to tax a population.
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Base taxes more on the 'sales' then income. If the economy is rocking, lots of money. People are not buying? Neither is the government.
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Agreed 100%. It also taxes visitors and illegals without prejudice whatsoever. If you use a service, you get taxed (this would include utilities, rent, money wiring services.... anything!!! The funny thing is, people go apeshit over something like this, but in the end, the tax wouldn't be all that different than what we have now if EVERYTHING was taxed.... something like 10-15% on sales and nothing else!!! No income tax, no death tax, no capital gains, no fuel tax (well the sale of the fuel, but no state and fed fuel/road taxes). This would require states and the fed to actually budget based on their receipts from the previous year though, and you know that ain't gonna happen.
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Then hammer companies who took their operations over seas, and import. Eliminate ALL tax shelters for corporations so they actually HAVE to pay their taxes. Give breaks to companies in the U.S. and on U.S. soil.
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Partial agreement here. Yes I believe that companies outsourcing beyond the US should be penalized, but at what level? So many directions that discussion could take.
Taxation on corporations should be identical to individuals as they are considered an "entity." Since I think we should eliminate income tax altogether, I would suggest the tax be no different than the sales/service tax above.... 10-15% on what they use/consume. No tax breaks, no nothing. But this would mean they are paying taxes on their employees services (not all that different than the 6.2% tax they pay for employment anyway). Cut the breaks for meals and supplies and depreciation and all that other bullshit. An individual can't get those breaks individually (only in the course of business and then with certain caveats) so why should a "entity" ?
Treat a dollar as a dollar. If someone wants to hoard theirs and never spend them... they will never get taxed (so unlikely it's just silly). Your dollar, my dollar, Jefe the illegal's dollar, George Soros' and Donald Trump's dollars, and a company's dollar should be treated the same.
And how nice it would be to have the IRS just reviewing your receipts to make sure the proper tax was collected, instead of dropping a 7500 page tax code in front of you and saying...... what, you didn't know the rules? Well you are fucked then!!!
just my
