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New Democrat Plan To Tax The Rich, Taxing Assets. Will It Work?
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<blockquote data-quote="AKCoverMan" data-source="post: 5499566" data-attributes="member: 17867"><p>With the “fair tax” spending is taxed rather than earnings. You want to tax the Rich more? Well trust me the Rich people always spend much more than the poor people so they are going to pay more tax.. without the loopholes.</p><p></p><p>But everybody chips in rather than this stupid system of incentives for not working and penalizing those who do work.</p><p></p><p>Eliminate all tax filing for individual, it’s a stupid waste of manhours. </p><p></p><p>Prices on goods would be not only affected by the tax being added but at same time taking layers of imbedded taxes out of goods and services we buy. Remember that “corporate taxes” are really a myth… it’s a tax on the consumer of the goods and services that ultimately pays.</p><p></p><p>Some tax lawyers would have to figure out other areas of law to turn their attention to. I’m not crying I think they will be ok.</p></blockquote><p></p>
[QUOTE="AKCoverMan, post: 5499566, member: 17867"] With the “fair tax” spending is taxed rather than earnings. You want to tax the Rich more? Well trust me the Rich people always spend much more than the poor people so they are going to pay more tax.. without the loopholes. But everybody chips in rather than this stupid system of incentives for not working and penalizing those who do work. Eliminate all tax filing for individual, it’s a stupid waste of manhours. Prices on goods would be not only affected by the tax being added but at same time taking layers of imbedded taxes out of goods and services we buy. Remember that “corporate taxes” are really a myth… it’s a tax on the consumer of the goods and services that ultimately pays. Some tax lawyers would have to figure out other areas of law to turn their attention to. I’m not crying I think they will be ok. [/QUOTE]
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New Democrat Plan To Tax The Rich, Taxing Assets. Will It Work?
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