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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (484181)	5/29/2009 7:11:03 AM
From: TideGlider	Read Replies (1) \| Respond to of 1574468

The VAT tax would be just fine and more fair IF they discontinued the Federal Income Tax, but they are considering both taxes at the same time. I here(sic) they are discussing a VAT in the Obama WH; I don't like that idea.

To: Road Walker who wrote (484181)	5/29/2009 8:43:18 AM
From: i-node	Read Replies (1) \| Respond to of 1574468

>> Been thinking about some ways to change the tax code. You might want to consider taking a basic bookkeeping course before you start pondering the tax code.

To: Road Walker who wrote (484181)	5/29/2009 10:45:31 AM
From: bentway	Read Replies (1) \| Respond to of 1574468

"I here they are discussing a VAT in the Obama WH; I don't like that idea." I think it depends on what the VAT is applied to. A VAT can be a very progressive tax.

To: Road Walker who wrote (484181)	5/29/2009 12:53:00 PM
From: Tenchusatsu	1 Recommendation Read Replies (1) \| Respond to of 1574468

RW, > The point is that what benefits society as a whole, including SS and taxes for public schools, benefit each of us as an individual. Some may put in more than they get back in direct services, some less, but we all benefit from a more functional society. I'm not sure what "function" will be served when the worker-to-retiree ratio reaches 2:1. The productive members of society will be increasingly depended upon to support the non-productive members. The correct solution would have been to increase the retirement age proportionally with increases to life expectancy, but that will never happen until SS runs deficits. Even then, those in power will favor raising taxes, such as Obama's promise to raise taxes on income above $250K by a huge amount. That will have severe unintended consequences. Tenchusatsu