National Sales Tax in Lieu of Income Tax

[ShangriLaTroubl]

Originally Posted by strandinthewind

I think most economists are thinking the national sales tax woould be less than 10% and more than likely about 5%.

What would be the point in that? Most states are now already at around 10% in their sales tax...Georgia in most places has a 7% sales tax, and where I live will raise to 8% very soon...if this tax was to go in to effect it would definetely be more around the 20% mark.....taxes/social security make up about 18% of my check....it would definetely be ATLEAST 10% added to the already 5-9% most already pay in sales tax, putting it somewhere around the 20 mark


Chris

[sparky]

Originally Posted by dissention

But if they don't want to be worried about how they're going to be able to afford tampons and toothpaste, they have to realize what he's proposing.

Damn, the taxes on tampons and toothpaste would just about kill me !

[sparky]

Originally Posted by strandinthewind

But, no one will ever agree on the amount people are to be taxed because people think other people that make $200,000 or more (the higher tax rate) are rolling in money, automatically evil, and should pay 75%

This is so subjective. 200k a year is so NOT rich. Not in major metropolitan areas anyway. But then again, 1200 sq.ft. dives in my neighborhood are selling for 650k. Maybe my perception in screwy.
Still, when you think about an average family of 4 with cars, mortgages, toys, insurance, hired help to raise the kids - the bills add up awfully fast. Then 200k starts to look like not so much.

[dissention]

Originally Posted by sparky

Damn, the taxes on tampons and toothpaste would just about kill me !

Wise ass!

[dissention]

Originally Posted by ShangriLaTroubl

What would be the point in that? Most states are now already at around 10% in their sales tax...Georgia in most places has a 7% sales tax, and where I live will raise to 8% very soon...if this tax was to go in to effect it would definetely be more around the 20% mark.....taxes/social security make up about 18% of my check....it would definetely be ATLEAST 10% added to the already 5-9% most already pay in sales tax, putting it somewhere around the 20 mark


Chris

There would be no point. In order to generate the revenue from the current tax laws, the federal sales tax rate would have to be at least 20%. Add another 8-10% for local and state. It's a nightmare. I guess I'm lucky because I only pay 5% sales tax. Although those in New Hampshire don't pay any.

[strandinthewind]

Originally Posted by sparky

This is so subjective. 200k a year is so NOT rich. Not in major metropolitan areas anyway. But then again, 1200 sq.ft. dives in my neighborhood are selling for 650k. Maybe my perception in screwy.
Still, when you think about an average family of 4 with cars, mortgages, toys, insurance, hired help to raise the kids - the bills add up awfully fast. Then 200k starts to look like not so much.

I know, but that is the bench mark most economist use because for some reason. I readily admit that $200,000 in a major metropolitan area does not put even a single person in the lap of luxury to an outrageous extent, although they certainly would be in comfort

[ShangriLaTroubl]

Originally Posted by strandinthewind

I know, but that is the bench mark most economist use because for some reason. I readily admit that $200,000 in a major metropolitan area does not put even a single person in the lap of luxury to an outrageous extent, although they certainly would be in comfort

I know isnt that weird though...how some can make 200k and just be "Comfortable" and others can make $45k per year and live just as comfortable.....My family does not make anywhere near 200k per year, and lives very comfortable, and is able to buy luxuries, and go out, and have nice cars, and a nice big house, and not be in debt so far you cant get out, and there are people making over 200k per year who dont even live as good...its very odd
---
My parents have 4 kids (including myself, who still doesnt pay rent) living at home, bills that add up, mortgages, cars, many bills, so to me 200k per year is rich , because if we had that we would be living rich lol

Chris
Chris

[estranged4life]

I wished these POLITICAL A-HOLES would quit taxing the living s--t outta those of us who are married, middle class and have no children...

Brian "The System Will Fail" j.

[Patti]

Originally Posted by estranged4life

I wished these POLITICAL A-HOLES would quit taxing the living s--t outta those of us who are married, middle class and have no children...

Brian "The System Will Fail" j.

Or the single, middle class and have no children.

[celestenadia]

I've had my own business for 12 years, primarily service oriented but I do some retail. Sales tax in general to me is BS. First of all, I'm poor. I live in a one bed room apartment and drive
a Toyota. Why should I have to collect money for the state, when I hardly make any money myself? Now I gotta start collecting money for the federal government? WTF?

[strandinthewind]

If you have employees, you already do because you have to match the SS taxes

[celestenadia]

I don't have any.

[strandinthewind]

AHHHHHHHH - well there goes that point