Web siteBoss bait http://m.apnews.com/ap/db_15980/contentdetail.htm?contentguid=rzto366y
      – Baslisks, 2009-09-11 at 18:36:13   (15 comments)

On 2009-09-11 at 18:36:24, Baslisks wrote...
Do you do these things?
On 2009-09-12 at 05:56:22, DigitalBoss wrote...
I believe that US American citizens should not have to pay any income tax, the founding fathers setup the Constitution specifically to not allow it. The 16th amendment had to be passed by progressives to make it legal. So yes, I claim every deduction that I can to minimize what I pay. It is no concern of the government where I work and how much money I make. I will indeed file for my Social Security benefits when they are available just because I have been paying into it for 32 years. If I had my way, I would have been putting that money into a private account that I owned, and I would have much more money on which to retire. If I were laid off, yes I would claim unemployment insurance because I paid into it, as did my employer. I do, in fact, wish for health insurance reform, I would rather that the government reform it by getting out of it, by letting the free market handle it, or create common sense regulations that lower costs, not increase costs so as to make people want government takeover.
On 2009-09-12 at 05:58:46, DigitalBoss wrote...
Make no mistake about it, our health care system is fucked up now because the government has fucked it up. If the market was free, it would be much better.
On 2009-10-09 at 07:05:57, Bensci wrote...
@DigitalBoss: agree
On 2009-10-10 at 01:19:24, BorgClown wrote...
@Bensci: Oh man, you look like you'll like the fairtax: http://en.wikipedia.org/wiki/FairTax
On 2009-10-10 at 09:11:16, Bensci wrote...
@BorgClown: acutually no...it kinda sounds like it sucks. No income tax? all sales tax? messed up, if you ask me.
On 2009-10-10 at 13:52:32, DigitalBoss wrote...
The FairTax is a consumption tax, not a sales tax. The main difference is that the FairTax is inclusive, not exclusive like the sales tax. When you purchase a good or service under a sales tax, the tax is ADDED TO the purchase price. When you purchase a good or service under the FairTax, the tax is INCLUDED IN the purchase price. Not only is there no income tax, but there is no social security tax, and no medicare tax. When you get your paycheck, you get the whole check, except if you are in a state that has an income tax, and hopefully we could get those states to switch to a consumption tax also. Also there is no income tax on businesses. I know those of you that suffer from wealth envy would hate that, but it is really good for business.
On 2009-10-10 at 13:59:14, DigitalBoss wrote...
Now, when you buy a good, or a service, you have paid an income tax on your money when you earn it, and you also pay the embedded amount of the income tax that the business has to pay, so you are paying two levels of taxes. With the FairTax, all the layers of taxes are taken away and replaced with one level of taxation, the FairTax. And then there is the prebate. Under the FairTax, every head of household will receive a check from the government at the first of each month compensating them for the FairTax paid up to the poverty level. This means that the first $20,000 you spend each year is not taxed at all on any level. This completely untaxes the poor. If you make $20,000 a year, you pay no taxes.
On 2009-10-10 at 14:04:18, DigitalBoss wrote...
In the US now, before a business does anything, they have to consider the tax implications of each action. Right now there is estimated to be 11 trillion US dollars offshore because of tax reasons. If we completely untax business in the US, ALL of that money, plus business money in every denomination on the planet, will come rushing into this country. The US will be the largest tax haven on the planet. Where do you get jobs? You get jobs from companies with money. Under the FairTax you will have to hide in the closet to keep from getting a job.
On 2009-10-11 at 03:33:59, BorgClown wrote...
C-C-C-C-COMBO BREAKER!
On 2009-10-12 at 04:34:09, Bensci wrote...
@DigitalBoss: um hate to break it to you but there's not really a difference between an 'exclusive' and an 'inclusive' tax as you put it. Making a tax 'inclusive' will just cause the price to go up, because the company will raise the price to make up for the money they lost in the tax. This results in the same effect as an 'exclusive' tax.
On 2009-10-12 at 15:46:54, DigitalBoss wrote...
There is a difference young man. I will tell you what makes prices go up. Taxing companies income makes prices go up. Who do think pays that tax? The consumer pays that tax. Take away that tax, and prices will come down. There is about 22% of everything you buy goes to pay the income tax of all the companies that had produced that good or service. Oh, by the way, your income tax now is quoted as an inclusive tax, that is why the FairTax is quoted inclusively. A 30% income tax (which is quoted as inclusive tax) can be expressed as 43% if you quote it as an exclusive tax. You need to go to a private school, your government school has failed you.
On 2009-10-13 at 02:59:26, Bensci wrote...
@DigitalBoss: so this FairTax...who ends up paying it? The consumer or the company?
On 2009-10-13 at 04:04:37, DigitalBoss wrote...
Companies don't pay income tax, they just pass it on to the consumer as price increases. It might make you feel warm and fuzzy to think that you are sticking it to the man, but in fact, when you tax company income, you are just sticking it to yourself. The consumer pays the FairTax. The trick of it is that it is broader based than the income tax. The burden is spread out over a larger group of people. There are many very rich people that do not have much of an income, but they spend a lot of money. There are also many illegals and drug dealers that do not show an income, but they buy things.
On 2009-10-13 at 07:58:03, Bensci wrote...
@DigitalBoss: Oh I see. That does sound like a good idea. Tax the spending, not the income. I gotcha. However, I still don't see how it will make prices any lower.