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The Water Cooler
General Discussion
You'd think the IRS could tell what you owe...
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<blockquote data-quote="Lurker66" data-source="post: 2569137" data-attributes="member: 24459"><p>First thst website reads like Obamacare. It says one thing, like preventing shell companies, but never explains how it prevents it. Just says they are prohibited. </p><p></p><p>But anyway look at the 3rd objection. Ill make it really simple.</p><p>Example....say I make $100,000 a year and you make $50,000. Say our income is the only thing different. All our bills and taxable stuff are equally consumed at exact same rate. </p><p></p><p>Now we each decide to buy the exact same car. We each have to pay the exact same consumer tax rate. Say 20%. One of us can afford to continue to eat good, the other must tighten his belt. Ill still have a lot of money just in case, you wouldnt. Now apply that to all the extra stuff we need. Cell phone, cable, Christmas presents, dinner out, some new clothes, gas. And guess what? You quit consuming. </p><p></p><p>My point is this. A wealthy person can afford to pay a consumer tax. Because they can afford to consume extra stuff. The poor and lower middle class wont be able to afford extra stuff. Yet the poor and middle class make up the largest "consumers of goods". The wealthy only makes up a very small portion of "consumers of goods". The poor and middle class kerps the economy rolling. The wealthy dont and the extremely poor dont.</p><p></p><p>Remember, a consumer of goods starts at birth, we are all consumers. Yet we all dont make the same wage. This flat tax, consumer tax or whatever you call it kills the lower and middle class. And it wrecks the economy.</p></blockquote><p></p>
[QUOTE="Lurker66, post: 2569137, member: 24459"] First thst website reads like Obamacare. It says one thing, like preventing shell companies, but never explains how it prevents it. Just says they are prohibited. But anyway look at the 3rd objection. Ill make it really simple. Example....say I make $100,000 a year and you make $50,000. Say our income is the only thing different. All our bills and taxable stuff are equally consumed at exact same rate. Now we each decide to buy the exact same car. We each have to pay the exact same consumer tax rate. Say 20%. One of us can afford to continue to eat good, the other must tighten his belt. Ill still have a lot of money just in case, you wouldnt. Now apply that to all the extra stuff we need. Cell phone, cable, Christmas presents, dinner out, some new clothes, gas. And guess what? You quit consuming. My point is this. A wealthy person can afford to pay a consumer tax. Because they can afford to consume extra stuff. The poor and lower middle class wont be able to afford extra stuff. Yet the poor and middle class make up the largest "consumers of goods". The wealthy only makes up a very small portion of "consumers of goods". The poor and middle class kerps the economy rolling. The wealthy dont and the extremely poor dont. Remember, a consumer of goods starts at birth, we are all consumers. Yet we all dont make the same wage. This flat tax, consumer tax or whatever you call it kills the lower and middle class. And it wrecks the economy. [/QUOTE]
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