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who wants a $200 a week pay raise
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<blockquote data-quote="wkmac" data-source="post: 55251"><p>Until 1942'(Victory Tax Act) we didn't have a tax withholding system as the tax was so small many people didn't have to pay it at all. Until 1913' we didn't even have a federal income tax at all, so to speak. We actually had our first income tax from an 1861' act but that's another story. Instead of trying to create another means of paying the same monies for taxes why not look at what caused the need to have such an expanive tax system to begin with. Then to lessen the need by taking a hard look at what gov't does to begin with having all those monies in hand. </p><p> </p><p>I like the fair tax idea but until we control the govt's ability to spend money at a whim I'm not so sure a national sales tax in time wouldn't also turn into a national nightmare like the current system does. I believe before we can truly decide on a proper means of taxation we must first learn and understand what the federal gov't does with the money to begin with and I also believe we have to learn about economics and banking as they both are joined at the hip. The fact is 1913' gave us both the income tax and the Federal Reserve act in the same year and they are not devoid of a link. We've yet on a broad scale to understand that nature. Until we do OK2BC is correct in that there are devils in the details. </p><p> </p><p>I personally am for totally and completely eliminating the income tax period and all federal taxation would be in the form of excise taxes and duites mostly driven as a result of user type fees. You don't use it, you don't pay. Fairtax is a temporary bandaid to a symptom not the root cause. </p><p>JMO.</p></blockquote><p></p>
[QUOTE="wkmac, post: 55251"] Until 1942'(Victory Tax Act) we didn't have a tax withholding system as the tax was so small many people didn't have to pay it at all. Until 1913' we didn't even have a federal income tax at all, so to speak. We actually had our first income tax from an 1861' act but that's another story. Instead of trying to create another means of paying the same monies for taxes why not look at what caused the need to have such an expanive tax system to begin with. Then to lessen the need by taking a hard look at what gov't does to begin with having all those monies in hand. I like the fair tax idea but until we control the govt's ability to spend money at a whim I'm not so sure a national sales tax in time wouldn't also turn into a national nightmare like the current system does. I believe before we can truly decide on a proper means of taxation we must first learn and understand what the federal gov't does with the money to begin with and I also believe we have to learn about economics and banking as they both are joined at the hip. The fact is 1913' gave us both the income tax and the Federal Reserve act in the same year and they are not devoid of a link. We've yet on a broad scale to understand that nature. Until we do OK2BC is correct in that there are devils in the details. I personally am for totally and completely eliminating the income tax period and all federal taxation would be in the form of excise taxes and duites mostly driven as a result of user type fees. You don't use it, you don't pay. Fairtax is a temporary bandaid to a symptom not the root cause. JMO. [/QUOTE]
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