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toldailytopic: Revamping the tax system. -
January 6th, 2012, 06:30 AM
The TheologyOnline.com TOPIC OF THE DAY for January 6th, 2012 07:28 AM
toldailytopic: Revamping the tax system.
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If you were in charge of revamping the tax code of the nation what sort of tax plan do you think would be most fair and best for your country?
- National sales tax?
a national sales tax might not be fair to the retired since they already paid the income tax
but
as far as I am concerned they are the ones who got us into this mess
Slogan/motto:
...the older women likewise, that they be reverent in behavior, not slanderers, not given to much wine, teachers of good things— that they admonish the young women to love their husbands, to love thei
Or do you think we should keep things the way they are right now?
I think that a flat tax would be fairest. No matter what your income, everyone pays a flat tax rate of 15% (give or take...I just picked a number out of the air.). If you make $10,000 a year, you pay $1,500. If you make $10,000,000 a year, you pay $1,500,000.
June is Gay Pride Month. Tolerance and diversity? More like tolerate perversity.
Or do you think we should keep things the way they are right now?
Heavily regulate and tax corporations, LLCs, and other entities like them. (These are not people and their collective power and lack of personal liability must be controlled.)
Deregulate and stop taxing Sole Proprietor and Partnership businesses. (These are people and should not be taxed twice.)
Tax the States according to the number residents in the State and abolish taxing individual residents of the States. (The Federal government needs to stop abridging the powers of the States)
Heavily tax the States according to the number of "undocumented" residents in the States. (The States can control the "undocumented" residents or pay enough to the Federal government to cover the costs of the Federal government dealing with the problem)
Heavily regulate and tax all imports without any regard to nation of origin or whether they are being imported by a domestic or foreign entity. (Make all imported goods more costly to buy in order to create a greater demand for domestic manufacturing)
Stop taxing businesses for labor. (Make it cheaper for businesses to hire people so more people can be hired for the same cost to the business)
Or do you think we should keep things the way they are right now?
Taxes are legalized theft.
I hate to break it to the peeps, but your chances of being killed or wounded in a terrorist incident are so close to zero that they might as well be zero. Worry far more about slipping in the tub.
A wise U.S. General once said to me years ago, "Amateurs study tactics, and professionals study logistics". So let's start with the logistics of how wealth is obtained, and more importantly maintained.
My Grandfather taught me that all true forms of sustainable wealth have only three sources:
1. Manufacturing
2. Farming
3. Mining
Our tax code changes, economic policy, monetary policy, energy policy, international trade policy, and NASA policy need to stand on this very foundational principle in a systematic coordinated way. We need change, and the change needs to be orchestrated on many levels. We need policies that push this country from a 'service, tax, spend, and debt' economy to a "manufacture, mine, farm, tariff, and save" economy.
Since change is the most difficult thing that humans do, it is easier to accomplish in stages over a reasonable, but not long transitional period. The changes in the tax code need to include monetary system changes such as eliminating the Federal Reserve, establishing tariffs on imported goods from China and all other countries, removing bureaucratic controls on domestic drilling for oil and gas, and the re-prioritization of NASA's objectives to support Helium 3 fusion. Andrew Jackson had many things right, we should study his successes.
I propose a three year transitional plan that systematically phases out personal income tax, re-energizes mining (drilling for oil and gas), and restores the U.S. manufacturing environment to one of potential profits. The energy policy is key, and must be jump started to fuel the soon growing resurgence. We have witnessed in the last 10 years the largest transfer of wealth in human history. The money has left the U.S. and Europe, and been firmly placed in the pockets of Middle East oil barons. The economy cannot recover, nor our long term future secured, without changing the logistical flow of cash for oil, so that our wealth remains in the U.S. Economy. Day one we must start drilling for oil and gas, and mine enough of these resources to wean us off foreign oil. The transition must be from oil to natural gas wherever applicable with an eye on the future transition to Helium 3 fusion. God showed us how to power his universe, and fusion is the ticket anywhere large amounts of energy are needed. I would be happy to provide more detail but this post is knocking on the door of what is too long by TOL rules so here is the summary.
Year 1:
1. Hybrid flat tax sales tax system, with no tax on food, medicine, clothing or shelter. The poor who cannot afford these things should not be taxed on them, neither should anyone else, they are life’s necessities, over the age of 70, no more taxes; you have done your job it’s time to relax, no tax on active military or Guard or Reserve paychecks or any other Federal salary, paying more money to just take it back wastes everyone’s money and costs taxpayers; it is just a stupid, needless activity cost.
2. 15% tariff on all imported goods, no exceptions, none.
3. Abolish the Federal Reserve, EPA, OSHA, DoEd, Shrink every other agency 15 percent, FBI 50%.
4. Shift 33 percent of the tax burden away from individuals, and place them on energy corporations. Give the energy corporations that solve strategic problems big tax breaks for actual solutions. Give manufacturers tax breaks only for increasing full time jobs with corp. paid health care.
5. Task NASA to focus on helium 3 fusion only, and getting back to the moon, pronto.
Year 2:
1. Remove the Flat Tax and only allow the consumer sales tax to remain, same exemptions apply.
2. Tariffs raised to 20% across the board, no exceptions.
3. Abolish the IRS; establish a new agency focused on honest sales tax collection enforcement. Reward corporate research that solves strategic problems don’t fund it. Give 10 year tax credits to corporations who relocate international factories to the U.S.
4. Shift 33 percent more of the tax burden away from individuals and on to importers and corporations.
5. Begin combining NASA with the Department of Energy focused on strategic goals.
Year 3:
1. Eliminate entirely individual tax. Amend the Constitution to forbid taxing individuals by the FED.
2. Taxes on all imported goods to 25%, no exceptions.
3. Pass a balanced budget amendment that prevents congress from spending more money than they actually collected the previous year.
4. Reward heavily any industry that transitions to natural gas.
5. Reward any private industry that advances us to effective fusion power generation.
Slogan/motto:
THE CHAMPION OF THE CONSTITUTION AND DEFENDER OF LIBERTY
Reputation:
January 6th, 2012, 04:49 PM
Quote:
Originally Posted by Christ's Word
A wise U.S. General once said to me years ago, "Amateurs study tactics, and professionals study logistics". So let's start with the logistics of how wealth is obtained, and more importantly maintained.
My Grandfather taught me that all true forms of sustainable wealth have only three sources:
1. Manufacturing
2. Farming
3. Mining
Our tax code changes, economic policy, monetary policy, energy policy, international trade policy, and NASA policy need to stand on this very foundational principle in a systematic coordinated way. We need change, and the change needs to be orchestrated on many levels. We need policies that push this country from a 'service, tax, spend, and debt' economy to a "manufacture, mine, farm, tariff, and save" economy.
Since change is the most difficult thing that humans do, it is easier to accomplish in stages over a reasonable, but not long transitional period. The changes in the tax code need to include monetary system changes such as eliminating the Federal Reserve, establishing tariffs on imported goods from China and all other countries, removing bureaucratic controls on domestic drilling for oil and gas, and the re-prioritization of NASA's objectives to support Helium 3 fusion. Andrew Jackson had many things right, we should study his successes.
I propose a three year transitional plan that systematically phases out personal income tax, re-energizes mining (drilling for oil and gas), and restores the U.S. manufacturing environment to one of potential profits. The energy policy is key, and must be jump started to fuel the soon growing resurgence. We have witnessed in the last 10 years the largest transfer of wealth in human history. The money has left the U.S. and Europe, and been firmly placed in the pockets of Middle East oil barons. The economy cannot recover, nor our long term future secured, without changing the logistical flow of cash for oil, so that our wealth remains in the U.S. Economy. Day one we must start drilling for oil and gas, and mine enough of these resources to wean us off foreign oil. The transition must be from oil to natural gas wherever applicable with an eye on the future transition to Helium 3 fusion. God showed us how to power his universe, and fusion is the ticket anywhere large amounts of energy are needed. I would be happy to provide more detail but this post is knocking on the door of what is too long by TOL rules so here is the summary.
Year 1:
1. Hybrid flat tax sales tax system, with no tax on food, medicine, clothing or shelter. The poor who cannot afford these things should not be taxed on them, neither should anyone else, they are life’s necessities, over the age of 70, no more taxes; you have done your job it’s time to relax, no tax on active military or Guard or Reserve paychecks or any other Federal salary, paying more money to just take it back wastes everyone’s money and costs taxpayers; it is just a stupid, needless activity cost.
2. 15% tariff on all imported goods, no exceptions, none.
3. Abolish the Federal Reserve, EPA, OSHA, DoEd, Shrink every other agency 15 percent, FBI 50%.
4. Shift 33 percent of the tax burden away from individuals, and place them on energy corporations. Give the energy corporations that solve strategic problems big tax breaks for actual solutions. Give manufacturers tax breaks only for increasing full time jobs with corp. paid health care.
5. Task NASA to focus on helium 3 fusion only, and getting back to the moon, pronto.
Year 2:
1. Remove the Flat Tax and only allow the consumer sales tax to remain, same exemptions apply.
2. Tariffs raised to 20% across the board, no exceptions.
3. Abolish the IRS; establish a new agency focused on honest sales tax collection enforcement. Reward corporate research that solves strategic problems don’t fund it. Give 10 year tax credits to corporations who relocate international factories to the U.S.
4. Shift 33 percent more of the tax burden away from individuals and on to importers and corporations.
5. Begin combining NASA with the Department of Energy focused on strategic goals.
Year 3:
1. Eliminate entirely individual tax. Amend the Constitution to forbid taxing individuals by the FED.
2. Taxes on all imported goods to 25%, no exceptions.
3. Pass a balanced budget amendment that prevents congress from spending more money than they actually collected the previous year.
4. Reward heavily any industry that transitions to natural gas.
5. Reward any private industry that advances us to effective fusion power generation.
6. Cut the Federal Bureaucracy by another 10 %
You started off right but quickly took a dump of the deep end.
Galatians 5:13 ¶For, brethren, ye have been called unto liberty; only use not liberty for an occasion to the flesh, but by love serve one another.
The borrower is slave to the linder. What makes this country think it is rich and free?
Slogan/motto:
Scholarly discussion or Grenade lobbing: its your choice. I will give you as much respect as you give me.
Reputation:
January 6th, 2012, 05:25 PM
Quote:
Originally Posted by elected4ever
You started off right but quickly took a dump of the deep end.
An effective fix can only be devised by understanding the logistics of RISK vs. REWARD. This country has to have CLEAR strategic goals and the entrepreneurs that take us to our goals have to be rewarded, individual taxation has to stop. WHATS YOUR PLAN?
Slogan/motto:
THE CHAMPION OF THE CONSTITUTION AND DEFENDER OF LIBERTY
Reputation:
January 6th, 2012, 07:19 PM
Quote:
Originally Posted by Christ's Word
An effective fix can only be devised by understanding the logistics of RISK vs. REWARD. This country has to have CLEAR strategic goals and the entrepreneurs that take us to our goals have to be rewarded, individual taxation has to stop. WHATS YOUR PLAN?
See post # 17
Galatians 5:13 ¶For, brethren, ye have been called unto liberty; only use not liberty for an occasion to the flesh, but by love serve one another.
The borrower is slave to the linder. What makes this country think it is rich and free?
Or do you think we should keep things the way they are right now?
Most of the things your Republican heroes come up with are more schemes to enrich the rich at the expense of the rest of us. That is certainly true of 9-9-9 and flat tax and national sales tax. The first step is to restore the Bush tax cuts to where they were before Bush. That was working well and our economy was booming. As soon as Bush put in his tax cuts for the rich, based on more trickle-down economics, the economy stalled and poverty increased. The best thing we can do to create a fair tax system is to put Republicans out of office; hopefully forever. Their ideas are TOTALLY bankrupt. And until more of you guys GET that, our nation will remain on its current course to total bankruptcy in every sense of the word; mark MY word.
Once you have restored taxes to what they were under Clinton, you can talk about the payroll tax. It should also be restored to what it was before the Bush crash, UNLESS we are willing to raise the cap on how much income is taxed, and preferrably applied to all income and not just the income of those who work. Then we could keep the Social Security tax at 4%, which would be much better for the middle class and small businesses trying to advance.
There would also then be room to raise the Medicare tax, so we could have medicare for all. That is the way to reduce medical costs for everybody, along with competition in drug pricing (vetoed by the Republicans). Take the private insurance boondoggle out of the picture, and that would help a lot of businesses who are being strangled by high health care costs for their employees. And of course you need some good management of technology and more emphasis on holistic, natural and preventive methods.
I am not opposed to closing some corporate tax loopholes so the overall rates can be lowered somewhat. I think also the home mortgage deduction should be eliminated for all except people's first homes that they live in. There aren't any other personal tax deductions that need to be eliminated.
Bring back tariffs or other kinds of taxes on imports. Replace free trade with fair trade. Tariffs were once the main source of revenue for this country.
A higher tax on the richest incomes is also necessary. Those of you who think the top 0.1% create jobs, and thus should not be taxed more, are living in magic pony land or worse.
Slogan/motto:
Scholarly discussion or Grenade lobbing: its your choice. I will give you as much respect as you give me.
Reputation:
January 6th, 2012, 11:23 PM
Quote:
Originally Posted by eameece
Most of the things your Republican heroes come up with are more schemes to enrich the rich at the expense of the rest of us. That is certainly true of 9-9-9 and flat tax and national sales tax. The first step is to restore the Bush tax cuts to where they were before Bush. That was working well and our economy was booming. As soon as Bush put in his tax cuts for the rich, based on more trickle-down economics, the economy stalled and poverty increased. The best thing we can do to create a fair tax system is to put Republicans out of office; hopefully forever. Their ideas are TOTALLY bankrupt. And until more of you guys GET that, our nation will remain on its current course to total bankruptcy in every sense of the word; mark MY word.
Once you have restored taxes to what they were under Clinton, you can talk about the payroll tax. It should also be restored to what it was before the Bush crash, UNLESS we are willing to raise the cap on how much income is taxed, and preferrably applied to all income and not just the income of those who work. Then we could keep the Social Security tax at 4%, which would be much better for the middle class and small businesses trying to advance.
There would also then be room to raise the Medicare tax, so we could have medicare for all. That is the way to reduce medical costs for everybody, along with competition in drug pricing (vetoed by the Republicans). Take the private insurance boondoggle out of the picture, and that would help a lot of businesses who are being strangled by high health care costs for their employees. And of course you need some good management of technology and more emphasis on holistic, natural and preventive methods.
I am not opposed to closing some corporate tax loopholes so the overall rates can be lowered somewhat. I think also the home mortgage deduction should be eliminated for all except people's first homes that they live in. There aren't any other personal tax deductions that need to be eliminated.
Bring back tariffs or other kinds of taxes on imports. Replace free trade with fair trade. Tariffs were once the main source of revenue for this country.
A higher tax on the richest incomes is also necessary. Those of you who think the top 0.1% create jobs, and thus should not be taxed more, are living in magic pony land or worse.
You know slick, you could always just spend less, that is still an option.......hello......anybody home?
Hybrid Mode
