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<blockquote data-quote="UPS Lifer" data-source="post: 955933" data-attributes="member: 9789"><p>There is nothing fair or equitable about the US tax code! It needs to be abolished and we need to go to a simple system using a National Sales Tax. This way the people spending the money get taxed the most. If you have money and you spend it you get taxed. Simple as that. Close the loopholes. If you decide to spend money outside of the US - it gets taxed at the national sales tax rate. If you decide to put it in a Swiss band and you made it in the US it gets taxed at the national sales tax rate.</p><p></p><p>Illegal business such as drug dealers, will get taxed on money they spend here in the US. </p><p></p><p>Now I know it is not this simple but we could get the best minds to figure it out and make it happen. </p><p></p><p>For those who are below the poverty standards...</p><p>We could even determine allowances for clothing and food and other necessities. If you had a simplified tax return that shows income, a certain percentage allowance could be granted to be paid back to the person based on proof of purchases. Anyone familiar with a VAT tax in Europe knows that foreigners such as Americans show proof of purchase documents and submit these for a refund of the VAT tax. The same could be done for those living in poverty.</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 955933, member: 9789"] There is nothing fair or equitable about the US tax code! It needs to be abolished and we need to go to a simple system using a National Sales Tax. This way the people spending the money get taxed the most. If you have money and you spend it you get taxed. Simple as that. Close the loopholes. If you decide to spend money outside of the US - it gets taxed at the national sales tax rate. If you decide to put it in a Swiss band and you made it in the US it gets taxed at the national sales tax rate. Illegal business such as drug dealers, will get taxed on money they spend here in the US. Now I know it is not this simple but we could get the best minds to figure it out and make it happen. For those who are below the poverty standards... We could even determine allowances for clothing and food and other necessities. If you had a simplified tax return that shows income, a certain percentage allowance could be granted to be paid back to the person based on proof of purchases. Anyone familiar with a VAT tax in Europe knows that foreigners such as Americans show proof of purchase documents and submit these for a refund of the VAT tax. The same could be done for those living in poverty. [/QUOTE]
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