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retired benefits major hike
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<blockquote data-quote="bacha29" data-source="post: 5669428" data-attributes="member: 58386"><p>So you want to replace FIT with a VIT. This is genius. The incomes of millions of Americans are so low that they have no federal liability to begin with and some qualify for the EIT a refundable credit. And you want to slap a 23% surcharge on top of their already constrained purchasing power? For more than 60% of American collecting SS benefits those benefits represents 80% or more of their total income . And these people don't have their dad paying their bills for them.</p><p></p><p>Furthermore, how many off shore vendors are going to assess the tax on online purchases made by Americans collect the tax and remit it to the US Treasury? </p><p></p><p>DeSantis proposed VAT is nothing new. It's been kicked around for decades. But they are all lacking in specifics particularly in the area of assessment and collection.</p><p></p><p>With the campaign of a desperate politician going below the Mendoza Line, DeSantis will throw anything out there in the fleeting hope that it will gain him some traction.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5669428, member: 58386"] So you want to replace FIT with a VIT. This is genius. The incomes of millions of Americans are so low that they have no federal liability to begin with and some qualify for the EIT a refundable credit. And you want to slap a 23% surcharge on top of their already constrained purchasing power? For more than 60% of American collecting SS benefits those benefits represents 80% or more of their total income . And these people don't have their dad paying their bills for them. Furthermore, how many off shore vendors are going to assess the tax on online purchases made by Americans collect the tax and remit it to the US Treasury? DeSantis proposed VAT is nothing new. It's been kicked around for decades. But they are all lacking in specifics particularly in the area of assessment and collection. With the campaign of a desperate politician going below the Mendoza Line, DeSantis will throw anything out there in the fleeting hope that it will gain him some traction. [/QUOTE]
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