Huh... imagine if we got rid of income taxes and used a VAT on goods and services.
Poor people would have more money in their pockets. So would rich people. And when they spent it... they'd all pay the same percentage in taxes, with no loopholes, no shelters, no deferments.
But that'll never do... because our politicians love to SAY tax the rich, but they're all rich and will never allow their tax breaks to be taken away.
MACS wrote:
Is it a VAT or a Flat Tax you'd prefer?
A VAT is a tax that is added at every stage of production. Looking at the farmer to the table path, a farmer buys fertilizer, then seed, then sells wheat to a baker, and then the baker sells bread to a store, VAT is applied at each stage. The consumer ultimately bears the full VAT cost. That is more expensive than a Flat Tax.
The bottom half of the income strata would pay more as a percentage of income with the VAT approach.
Think of it as if everyone had the same 2,200 calorie diet, and ate healthier a healthier diet. No overly sugared or pover processed foods. Say it takes $20 a meal, three meals a day, and a snack, $60 a day. ($21,00 a year).
That amount is nothing to Hockeydad. That isn't sustainable for mR. joNEs with an icome of $25,000 a year.
A Flat Tax is more my style. HD makes $200,000 vs jONsIe @ $20,000. A straight (or gay) tax of 15% for both.
HD pays $30,000, jONsIe pays $3,000.
