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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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You can say the same thing in reverse. Positions of power should not be used to push conservative views on to people who have more socially liberal views. We need more revenue to quash those trillions....that much is obvious. | |||
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With all due respect…it is the executive branch that has the ability wreak the most havoc on our nation. The 2 divisions of congress definitely can act as an anchor but neither or even both can get enough purchase to stop the boat from drifting. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Close those loop holes and increase enforcement and we are on track. According to Trump's head of the IRS, tax cheats are costing us up to 1 trillion a year. I support raising the rates as well and not just on the wealthy. | |||
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Scott my friend…that^^^is what I dream about for my children’s sake. But, it will never happen in my lifetime again (Reagan was 90% that). ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Impossible with the most convoluted tax-code the world was ever known. Flat and/or VAT. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Nothing is impossible if you work hard enough at it. It can and should be done. VAT/flat tax and tariffs all push the burden of funding our government on to those who struggle the most. I'm against all three. | |||
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I will not support a VAT. | |||
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Virtually nobody will support a tax which requires that they pay their fair share. I once wrote to my member of parliament and said I would donate 10,000 dollars (that was 20% of my ready cash at the time), cash money, to be used to pay down the national debt. All I needed was a guarantee that another million people, himself included, would do the same thing. Crickets. So I bought a truck instead. This is the bottom line; neither Americans nor Canadians have the will to even try and fix things. Nor would any government be willing to quit funding their favorite projects (their own wealth and the wealth of their supporters). Fiscal responsibility is such a foreign concept that we'll never see it. Regards, Bill. | |||
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I agree with Lane See this article. Criminal Oligarchy is on steroids. Heritage foundation and their thousands of "think tank groups" are already working to overturn the election and democracy. Project 2025 and the 20,000 moles are already undermining the US political system. https://www.economist.com/?utm.../2024&utm_id=1921449
"When the wind stops....start rowing. When the wind starts, get the sail up quick." | |||
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Apparently you have never spent much time investigating the current tax code. As it stands now…it is virtually impossible to even be in compliance. For nearly every rule…there is an opposing rule. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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I hire a guy, he seems to have it all worked out, he even does my books. | |||
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VAT is a tax on daily goods that affects those who can afford being taxed the least. VAT, talk about wanting to be like Europe or make America Europe. I think most people are in compliance and not tax cheats. | |||
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Services as well in some places. | |||
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Guaranteed…he will tell you what I told above if he is honest. He does the best be can as all accountants do. The tax code is right at 7000 pages long with many opposing stances. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Yes but a VAT would be in lieu of income tax. Thus, more personal revenue to begin with. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Unless you're one of those who pay little or no tax. You'd be fucked with a capital F. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Right. A guy with a family is making just enough to scrape by, his income too low to pay income taxes. At the end of each month, if they stay within budget, he has eleven dollars left over from expenses. Then we go to a VAT, and he and family are indeed fucked. Where are they going to get the money to pay VAT on top of the sales taxes they already pay? From the government's perspective, how do you get taxes from people who have no money? Bring back debtors' prisons? This is why they call the flat and VAT regressive taxes. | |||
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The lowest hourly wage employees at my companies still pay income tax out of every check we write to them. They may get it all back eventually but they still pay in. With VAT that would go away and pay at purchase. A VAT is basically federal sales tax the same as a state sales tax. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Flat taxes can be made as progressive as you like by graduating them. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Back on topic, Trump will do what did last time if he loses again, he will try to steal the election with the help of complicit Republicans like Mike Lee from Utah. They both are total POS's. https://www.msn.com/en-us/news...e2f78357212624&ei=66 | |||
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But those lowest paid employees would no longer get a refund, thus struggle even more. A very bad idea. | |||
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They keep it initially!!! They pay it in, the US GVT draws interest on it for months, and the gvt refunds it. If that went away…they have more money each month. They only get refunded what they pay in. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J. Lane Easter, DVM A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991. | |||
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Sure, they only get refunded what they pay in...but they get a refund, with VAT they would be paying tax on everything they buy and not get a refund, thus making life even more difficult for the struggling. | |||
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So would these employees spend more on VAT taxes than is currently being withheld? IF yes, then it's not good for them and they may have to adjust their spending. It's probably a law that there can't be zero withholding from any employee paycheck. Can we assume that these folks are getting a living wage for the area? Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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I guess they're spending their refund early. If it's withheld you learn to do without it and hopefully spend it wisely when you do get it. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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I prefer a system that lets me pay the least in taxes. A VAT probably wouldn't be it. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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I kinda of note the mentality "I don't pay income tax, I get a refund every year" VAT makes too much sense for politicians to understand themtotal result. And...may r4esult in a smaller IRS...Oh....can 't have that ! If income and local sales tax were abolished and replaced by VAT, how can it not work? And..no income tax paperwork. Watch the accountants lobby on that one! | |||
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2023 GDP was $27.36 trillon. So what % of that would have been necessary to fund the Government? The Fed spent $6.2 trillion in 2023 and took in $4.5 trillion. Looks like we'd need about a 25% VAT to maybe break even. Assume that some goods and services aren't taxed. So how many are going to pay a $7500 VAT + local sales tax on a new $30,000 vehicle? Would a VAT be required every time it's sold or just once? Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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So the VAT would NOT be subject to loopholes in the tax code? Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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You'd be willing to pay 40% so someone lower on the totem pole would pay 5%? Also are you expecting this VAT to fully fund the Government so that no borrowing is necessary? Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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Good point...Assuming your car buyer is an honest worker..now he did not have to pay $7500 in income tax (not an unheard of amounht ) and if a prostitute or drug dealer..now he has to pay into the public trough just like the honest worker. Fed intake would /should increase substantially. However, let's be honest...the VAT discussion is about as serious as the old guys arguing about Chev vs Ford | |||
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Chances are that he is financing the vehicle for 4 - 6 years so I assume that he is likely not paying $7500 in taxes each year. Whores and drug dealers would likely continue to vastly underreport their income since it would be mostly/exclusively cash. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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No paperwork? The IRS would determine what bracket you are in. Then they would give you a card like a credit card that you present whenever you buy something. Any income accrued to your account would also be tracked. So any VAT paid would accrue to your account. At EOY if you paid more in VAT than your income says that you should have, then you might be entitled to a refund. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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You could be right..even a posibility ...but at this point..imagination...and I THINK the (Again imigination) was a country with NO income tax. | |||
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The what was no income tax. Of you mean the best is no income tax at all, that is imaginary thinking. | |||
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As soon as yawl invent a suitable replacement I'm in. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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A VAT should replace the plethora of taxes we currently “enjoy” if we want to go down that route. Adding it as an additional tax makes no sense. | |||
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