How About A Tax Cut To Zero

I read about the Fair Tax that supports sales tax only and am in support of that but it's not on the table right now. Those in favor of it is growing so maybe one day we will see it. I don't think now is the time because people aren't spending in this economic cycle but, when it rebounds, it should be up for consideration again IMO.

I laugh every time the "income" tax gets mentioned. People need to read more ...especially the tax books. The income tax is a voluntary tax. You volunteer to give the Federal Reserve Bank(not your government) a percentage of what you earn when you sign a w-2 form. This money is then used by this (privately owned) bank to loan to our government so they can run the USA. It has to be paid back (with interest, just like a credit card) This is why we have so much debt. Haven't you ever wondered how the government could owe so much money to itself? Doesn't that sound stupid? Or why the government just didn't make more money to pay off this debt? They are under the thumb of this bank and its owners. This is something the President and any branch of our government does not want you to know. You don't have to pay an income tax so why volunteer to do so? Just say no.Don't volunteer to give these people your hard earned money. It your choice. J.F.Kennedy was in the process of getting rid of the IRS. He was going to wipe them out so our government could take over the process of making paper money then there would be no more taxes. Too bad we can't get another president with the guts to stand up to these people.

Because the liberals want an income tax. Most people don't seem to know that originally, the only incomes taxed were corporate profits and capital gains, and the government was supposed to collect it's revenue from tariff fees.... not from individuals. Taxing someone on their labor was not allowed because as free people our labor was our property. To tax are labor was to make us owned by the government, which means that basically we are all slaves to the government. Be sure to thank the democrats for that bright idea. The original income tax was set at 1% if I remember correctly... which meant that for every dollar you owed the government a penny. Our government has sure gotten greedy over our money.

Having an income tax is stupid. It is like we are being taxed for working hard. And those who do not work, do not have to pay it. They are being rewarded for not working. I wonder who came up with this brilliant idea.

A flat tax of any kind would have to be a LOT higher to raise the same amount of money our progressive system does now. Let's take a very crude example off the top of my head. Okay, progressive system first, in our population of ten people: One person makes a million a year, and s/he's taxed 40% -- $400,000 in revenue Three people make $250k, and they're taxed 33% -- $247,500 in revenue The other six make $45k, and they're taxed 28% -- $75,600 in revenue This progressive system raises $723,100 in total revenue. Now, the question is, given these conditions, what percentage would the tax have to be to raise the same $723,100 from the same ten people, and with them all being taxed the same percentage? The total income in this population is $2,020,000. The desired revenue is at least $723,100. So, the question is: $723,100 is what percentage of $2,020,000? To find this, divide the first amount by the second ("1 is what percentage of 8?"? 1/8), and we get: 35.8% So how does this compare to the progressive tax system's numbers? The millionaire gets a 4.2% tax cut. The decently well-off three get a 2.8% tax HIKE. The 'average joe' (who makes less than "Joe the Plumber" made in 2006, by the way) gets a 7.8% tax HIKE. As one can see, the flat tax gives tax cuts to those who need it the least, and tax HIKES to everyone else, with the highest increases going to those making the LEAST. In other words, give more to those who have the most, and take away what little those with the least have to give to them. Does that seem fair to you?

nice question, why do we even have income tax? i guess income tax are used to build rodes and other community stuffs however, it seems large percentage of our wage has been dedicated to taxes. and it is not fair. i hope somebody in the givernment will take some action not by words.

In Canada we now have a national sales tax and a provincial sales tax. Yet we still pay income tax. So having an American sales tax and a State sales tax will not work. You will still pay income tax because then they will decide what goods deserved to be taxed. In Canada, some goods are taxed both nationally and provincial and other goods are just taxed nationally. And then there are those goods that are not taxed at all because of their importance.

Just goes to show you can only believe none of what you hear and half of what you read!!! If Obama wins, of course the amount will go lower - that has been running around for awhile - he is saying 250k to get in...once there, he'll do what he wants and if Biden is saying 120k - that is probably where it will go to. They all will raise taxes so we the people, support them first, the rest of the world second and the US third - if anything is left. I think they all should be campaigning to cut spending to support other countries and put that money back into the USA until we can support ourselves properly and bring the USA back to the country it should be and has been, and then pick up the world again.

So if you are too poor to pay income tax you would get hurt instead by a sales tax. How is that fair? I can understand it if you are rich and so you buy more but they get discounts anyway. It is the poor who are hurt by this. I am on a pension and do not pay income tax but I do have to pay sales tax as we have kinds of tax in this country. So you would give the rich a huge tax cut and make the poor worse off so that they can no long afford to buy anything.

that would really suck for the government. It would really not be good for us either.