It’s been a little while since we had a great knock-down drag-out tax debate . . . and possibly there’s nothing new to hit, but kicking dead horses is fun (and the socialists keep letting us kick them . . .) sooooo
How about it - to replace our current evil progressive tax system, which would you prefer Flat tax system or Consumption tax system, what limits/rules would you like to have and why that particular system.
I’ll lead off with Consumption tax: I would have it installed with a set percentage of 15%, with 5 for federal, 5 for state and 5 for county/city. There would be no mechanism for increasing or decreasing the percentage. It is fair to all and promotes the most economic activity - no taxes on profits, no taxes on inhertances, etc . . . earn all you want and only pay taxes on what you spend. The wealthy pay proportional to their wealth as do the poor, and it is completley equitable . . .[/quote]
Here’s an idea. We vote on what our tax dollars go toward. Not the backwards, far-removed way we do now, but a brand-new way.
It’ll take several years at least to implement but we start slowly. Let’s say we vote on some pre-determined percentage of our income (15% sounds like a nice number) or perhaps something like 12% for those who are “low-income” earners, 14% for the middle class and 16% for upper-class earners.
Now the first year, the week of April 15th (the whole week, not just one day) everyone must go to the ballot box and determine where, say 1% of our taxes go. If I want to dump 1% my income into defense spending, so be it. If I want to divide it between healthcare, defense and some other stuff, fine.
Each year we add a few %points to the total we vote on, along with giving us more options to choose from each year, until we’re acclimated to this process and are dividing our 12-16% between all sorts of different choices. Maybe we’ll take anywhere from 8-12% of our income for federal taxes and the rest for state taxes. The point is that we choose for ourselves where our tax dollars go. We get the govt we deserve, as the saying goes.
Obviously there would be some problems to this method, but a huge added benefit would be that we’d be forced to pay a little more attention to what the hell happens in our state, local and federal govt. You can bet your ass that if I wanted to put all of my taxes into education spending, I’m going to have a pretty good idea of what the education czar is all about. If most of the country feels that we should have a huge defense budget and no social services, that’s what we’ll get. And it’ll keep all these bureaucrats much more accountable because there budget will be determined on a year-to-year basis that is highly dependent on their success or failure each year. Fuck up this year, next year you might not get shit.[/quote]
So only the people that pay taxes would be allowed to vote on this?[/quote]
In short, yes. An account would be created, kind of like SS, that ALL workers would automatically have 12-16% of their income put into each month. If you ain’t workin’ you ain’t determining the course of this country. Simple as that.
If you’re unemployed for the same reasons that currently make you eligible to collect unemployment benefits, you would get a one-year exemption from having to pay taxes the week of April 15th, but you could have the option to voluntarily choose to divide your income amongst various programs and so forth in the same manner you would if you were employed.