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Politics : Piffer Thread on Political Rantings and Ravings -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (4776)11/29/2001 7:28:24 PM
From: HG  Read Replies (1) | Respond to of 14610
 
Not me.

I am in favor of no tax tax, just tax on services used. A reformed GST.



To: Jorj X Mckie who wrote (4776)11/29/2001 7:30:18 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 14610
 
A flat consumption tax here.



To: Jorj X Mckie who wrote (4776)11/29/2001 7:41:20 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 14610
 
I like the flat consumption tax. Compliance would not be an issue. Trash the tax code and you practically eliminate the power of special interests. Read the following and consider where we are today.

*** Tid Bits
US military spending during the American Civil War increased
nearly forty times its previous level, amounting to 93% of the
federal budget. To cope with the demand, Congress passed the
Revenue Act of 1861 (on August 5, 1861), which doubled customs
taxes, reinstated excise taxes, and taxed personal incomes for
the first time. Citizens paid a flat 1.5% rate on income, but
had no deductions. The penalty rate for not paying income tax
was 50%, a staggering sum.
Although many, including the secretary of the Treasury, desired
longer retention of the Civil War income taxes, the taxes were
widely viewed as emergency measures and were repealed in 1872.
This was a time when even the commissioner of Internal Revenue
recommended repeal of the income tax, writing to the chairman of
the House Ways and Means Committee that he regarded the income
tax as ``the one of all others most obnoxious to the genius of
our people, being inquisitorial in its nature, and dragging into
public view an exposition of the most private pecuniary affairs
of the citizen''

(US House 1871).
____________________________________

Voluntary Compliance
Former IRS Commissioner Peggy Richardson, in a speech to Lawyers
and Accountants (members of the National Association of Enrolled
Agents) asserted that she needed their help to achieve greater
"voluntary compliance" from taxpayers,
because annual collections
were dropping. She said that the IRS was NOT collecting at least
"$70 billion in additional revenues each year." She further
stated that at least 1 out of 5 "taxpayers" were now REFUSING to
comply, and that the "tax revolt" is growing.
In addition, she
claimed that "The compliance level from corporations in the
service industries fell from 69 percent to 48 percent between
1980 and 1987."
August 26, 1993



To: Jorj X Mckie who wrote (4776)11/29/2001 7:49:25 PM
From: Lane3  Read Replies (4) | Respond to of 14610
 
I prefer a flat income tax. No deductions, exemptions, or any other 'tions. And user taxes for the more esoteric services.

Karen



To: Jorj X Mckie who wrote (4776)11/29/2001 9:49:48 PM
From: Peach  Read Replies (2) | Respond to of 14610
 
I am for the flat tax.

Edit: I haven't had time to read all the prior posts, but I read a few and want to add the following:

I like the idea of a consumption tax.

I think 10% or less would be fair.

I would like to do away with capital gains taxes.

But, oh, the losses......