Well now, there's an unfounded assumption.



While never at the FairyTax site, I can assure you that I am well familiar with taxes.

And in the end, it's just a shell game.

If companies pay less, individuals are going to pay more.

And there's the devil in the details right there.

What, precisely, is a "necessity" according to this plan.

Gasoline?
Clothing?
Food?

Fork over a comprehensive list of all the necessities and then explain how you are going to recover the lower net amount for the Federal Reserve (and don't forget state taxes...).

Specifically, who's pocket is it coming out of?

Junior, politically speaking I'm slightly to the right of Attilla the Hun, so save the "Pacer's a Pinko" crap for the labotomy outpatients you deal with on other boards.

Then why did you post it here in the first place? Simple. You wanted to have the audience at this site see your little diatribe on how you're going to change the tax code and make life all peace and love and good happiness stuff.

Shell game.

All you're doing is shifting the burden around. The net intake of dollars remains the same, and if either you or I or DCX pay less, somebody else pays more, end of story.

Addressing that is the core issue, and I have yet to see in practical terms how you are going to cut taxes for one group - relatively high income folks like me and corporations, without increasing the tax burden on others. At best, the only benefit you get without doing the above is by simplifying the tax code and thereby lowering the amount of money budgeted for the IRS - which is kind of like treating a sucking chest wound (rampant spending at the Federal level) with an aspirin.

And the final fact of the matter is that you can't, no matter what scheme you come up with that changes the tax code, so spare me (and anyone else) the time and the electrons and come up with the better plan - cutting spending at the Federal level.

 

I disagree.

The backbone of GM is spelled "C-H-E-V-R-O-L-E-T".

 

And the soul is spelled "C-A-D-I-L-L-A-C".

So let it be written, so let it be done.

Everything in the middle is in need of some fixin'...

A couple patients are nearly terminal (Saab, Buick...) so either shoot 'em or fix 'em.

 

I think, as long as the IRS treats individuals as coprorate entities, INCOME should be as defined in Websters, as Corporation, what positive cash flow you have after your anual expenses...but I'm not an Accountant, just a Lay person's observation.

 

The soul of Chevrolet is spelled C-A-M-A-R-O.....and it's obvious that it's been missing since it was put on hiatus.....

 

Hey, something we actually agree on.

I have heard of families incorporating. The PITA is you have to keep damn good records. Save your receipts!

 

Don't get me wrong, the Camaro is my beloved friend...

...but the soul of Chevrolet has 2 less seats, crossed flags on the hood, is THE American automotive icon, and is doing just fine.

 

Russia recently went to a flat tax and have enjoyed a big boost in their economic growth as well.

Flat tax = fair tax if you ask me. Everyone pays the same percentage of their income. IMO everyone should have to pay something too, with an exemption for the poverty level. Something like 50% of americans don't pay in or get everything back now...so they are no longer stakeholders and don't care how the money's spent. I have a problem with that. I think political demographics would shift overnight if all the sudden everybody had to pay in something.

Further more, I think they should end witholding. Nothing will make you into a limited-govt, low-tax conservative like writing a big fat check to the IRS every spring.

The problem facing GM is not the tax code. While I symathize with the National sales tax crowd, you're just going to create a massive black market to escape the 23% tax on top of state and local sales taxes. Plus as Pacer X has pointed out, sales taxes are pretty regressive and impact the lower income folks more to some degree. Lets fix the system we have, get rid of all the crazy exemptions, deductions, armies of IRS auditors, and go to a 10 or 15% flat tax system with a deduction for any income under poverty level. So everybody's first $15,000 or so would be untaxed, everything over that at 10%

News flash: CONSUMERS PAY ALL TAXES. Corporations don't "pay" taxes at all. Sure they might write checks to the IRS, but the cost of their taxes are buried in their costs and passed on to the consumers. All businesses operate this way because they have to recover their costs to stay in business. Private consumers, aka you and me, end up paying all taxes. Business taxes we pay through the purchase prices of the goods.

Sales tax is a tax on the business too, it just gets passed through. The consumer is not required to pay it...the business owner is. Its added on at the end instead of buried in the sticker price like the other business taxes.

 

I've always considered the Corvette the Heart of Chevrolet...what they hold most 'dear' and the Camaro it's Soul....who they really are.

 

K, then we're just having a semantic issue.

One is an icon, the other is close in stature... and closer to the norm in intent... and they are symbiotic. The one feeds the other and vice versa.

Which is kind of why I never wanted to see Camaro fall underneath a VLE that was concurrently responsible for Corvette. They will always be related, but they are not the same thing, and shouldn't be considered in the same breath since Corvette will invaribly overshadow Camaro in most people's hearts.

 

We can read it, it just gives us a headache Your opinion might come across a little better if we didn't need a Dictionary to Decipher Poorly Written Posts to figure out what the hell you just said

Is it just me, or is it really hilarious that those who knock cars like the Impala, Cobalt and HHR are those driving cars over 10 years old, and aren't even in the market for a new car anyway? Maybe if they were, and drove some of the new cars out there, they might actually find the merit to them?

I'm very sad GM can't cater to the 16-25 year old, 10+ year old F body crowd A pity...

And WERM, your paraphrasing of the typical conversation I have with Honda owners is the EXACT problem I have been bitching about around here for 4-5 years now. I don't see how it can change, short of a major media blitz

 

Where do I download one of those?

 

Good point. And who cares if the HHR is a PT cruiser knock off if it sells well?

 

who cares how someone spells as long as you can read it?
Complaining about spelling is just a cop out on the original subject as to which you have no further useful argument.
So as we get older we should forget the 10+ cars and focus on 4-door impalas?
How about forget the Beatles,Rolling Stones and so on to listen to The "Backdoor boys"?

 

True, I've heard this from many sources, part of my reason for saying families should be allowed to file in the same manner.
Could you imagine if companies had to pay taxes off the top of their weekly earnings??
Didn't it used to be, just: Property Tax, Sales Tax, and Tarrifs on Imports??