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I guess internet retailers would hate the fair tax idea! Solution doesn't have to be "fair tax" but do need to move from a payroll tax system as it punishes workers.
payroll taxes do not "punish" workers.
Untax workers and landlords will take every penny of the increased disposable income.
We simply need to raise taxes to match what we're spending. This basically means double the tax burden across the board, from people who don't have a pot to piss in to Buffett.
Germany, Denmark, and Sweden have a tax-to-GDP in the 45% to 55% range. Ours is around 25%.
Oh, and fuck China. American labor rates can't compete with Chinese labor and working conditions, nor should we try.
payroll taxes do "punish" workers.
Bill, that's small business 101. Get a copy of the IRS Tax Guide for Small Business. Its clear you have absolutely no knowledge of how the income tax system actually works. Why do you think the IRS wrote out independent contractors for tech consulting decades ago? You really should learn something about how the tax system works before making arguments.
1. Did you see all those mega SUV's on the road a decade or so back? Why do you think those were bought?
2. One can write off a trip to somewhere by A. having one's own corp, or B. being on a W-2?
3. FICA, SS, Medicare et al is deducted from A. payroll, or B. distributions/dividends?
4. Dividends are the same as income for most purposes but are taxed at A. Same rate as income, or B. rate favoring the wealthy?
et nearly ad infinitum.
Cheers
BTW, Bill, I agree with your statements on rents. USA starting to remind one of a moundbuilder society.
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Now this is an interesting petition to the government!!!
Short URL: http://wh.gov/Nksv
Save and Share this URL: https://petitions.whitehouse.gov/petition/eliminate-paycheck-taxes/gW7qy6G6
Wonder if it can get enough signatures to be considered?