[Vision2020] taxation
Donovan Arnold
donovanarnold@hotmail.com
Wed, 24 Dec 2003 23:19:22 -0800
<html><div style='background-color:'><P>Dale,</P>
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<P>Did you know that the USA has the lowest tax rate of any other industrialized nation in the world? I think we can always find things wrong with taxes. I for one don't believe in any form of taxation except "sin" tax and income tax, personal or corporate. I disagree with property tax, sales tax, and cash payments or fines for breaking the law. I think we should tax tobacco and alcohol to pay for programs to get people off them and prevent others from being addicted to them. Other than this you should simply pay a percentage on every dollar you make over poverty level and a slightly higher rate after your 100,000th dollar. For example:</P>
<P>Family of four makes $25,000, they pay 40% after $24,000, or .4 X 1000 equals $400</P>
<P>Another family of four makes $34,000. They pay 40% after $24,000 or .4 x 10,000 = $4,000</P>
<P>A family of five makes $124,000. They would pay nothing on the first $24,000, 40% on the amount between $24,000 and $100,000, and 50% on every dollar after that. </P>
<P>They would not pay any more taxes, NONE! No property tax, city tax, state tax, Value added tax, that is it. No loopholes, special exceptions, corporate welfare, or exemptions. If a family is poor and/or has special needs it can use government programs that will be provided for by the government. </P>
<P>If you break the law, such as speeding, or running a red light, you do community service, not buying out of it. If you are rich, or poor, you broke the law and should be doing the same penalty.</P>
<P>The problem with all taxes is that it always falls on the middle class. The Rich just charge it to the buying classes through consumer taxes and the poor don't have the money to spend on it. So, no matter how you do it, it usually all comes out to the same people paying for the same things. Do you want to give up 40% of your income when you buy a items at a store, when you get your check, at the end of the year, when you pay rent, through fines, through insurance? It doesn't matter really, it all comes back to the middle class paying for the bulk of it somehow.</P>
<P>If you don't want to pay taxes get poor or get rich, that is the only way to avoid them. It takes about 40% of the money people earn to pay for what the government spends. </P>
<P>Dale, even if you could get rid of all the government waste in the country, which would never ever happen, your taxes would still go up because they would just spend the money they saved on something else, not give it back.</P>
<P>Donovan</P>
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<DIV></DIV>>From: "Dale Courtney" <DMCOURTN@MOSCOW.COM>
<P></P></DIV>
<DIV></DIV>>To: <VISION2020@MOSCOW.COM>
<DIV></DIV>>Subject: RE: [Vision2020] taxation
<DIV></DIV>>Date: Wed, 24 Dec 2003 10:52:36 -0800
<DIV></DIV>>
<DIV></DIV>>Scott,
<DIV></DIV>>
<DIV></DIV>>I meant to spell out the various taxes that you are likely overlooking. I've
<DIV></DIV>>been trying to come up with a fairly comprehensive list:
<DIV></DIV>>
<DIV></DIV>>1. Individual Income Taxes
<DIV></DIV>> a. Federal
<DIV></DIV>> b. State & Local
<DIV></DIV>>2. Social Insurance Taxes
<DIV></DIV>> a. Federal
<DIV></DIV>>3. Sales & Excise Taxes
<DIV></DIV>> a. Federal
<DIV></DIV>> b. State
<DIV></DIV>>4. Property Taxes
<DIV></DIV>> a. Local (and even State-level...)
<DIV></DIV>>5. Corporate Income Taxes
<DIV></DIV>> a. Federal
<DIV></DIV>> b. State/Local
<DIV></DIV>>
<DIV></DIV>>Note: sales and excise taxes are hidden taxes. These taxes imposed by
<DIV></DIV>>government raise the prices of nearly all goods and services.
<DIV></DIV>>
<DIV></DIV>>Similarly, corporate income taxes must be counted as part of the nation's
<DIV></DIV>>overall tax burden because taxes on businesses are ultimately passed on to
<DIV></DIV>>consumers & employees in the form of higher prices, lower wages, etc.
<DIV></DIV>>
<DIV></DIV>>So, if you want to find the overall tax burden, don't just look at your W-2!
<DIV></DIV>>
<DIV></DIV>>Merry Christmas!
<DIV></DIV>>
<DIV></DIV>>Best,
<DIV></DIV>>Dale
<DIV></DIV>>
<DIV></DIV>>_____________________________________________________
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