Space Travel on Debt
-
Duct tape is like the Force. It has a light side and a dark side, and it holds the universe together :)
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
What part of "balancing the budget" don't you understand? If you reduce spending or increase taxes (Or a combination), you gain a SURPLUS, which goes toward paying down the debt. It's a pretty simple concept.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
What part of "balancing the budget" don't you understand? If you reduce spending or increase taxes (Or a combination), you gain a SURPLUS, which goes toward paying down the debt. It's a pretty simple concept.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
Actually I'd theorize to take away the income tax and do just like a sales tax on stuff, whatever you want to tax. but that's just a theory... let's put it this way: i hate income tax. BUT otherwise, yes, you just cut back on spending, at least. There are a lot of departments that I think are just wholly unnecessary, and you could save money by getting rid of them, but I'm not getting into that.
-
Actually I'd theorize to take away the income tax and do just like a sales tax on stuff, whatever you want to tax. but that's just a theory... let's put it this way: i hate income tax. BUT otherwise, yes, you just cut back on spending, at least. There are a lot of departments that I think are just wholly unnecessary, and you could save money by getting rid of them, but I'm not getting into that.
sales tax only is unfair to lower incomes. They spend a much larger percentage on survival items than higher incomes. This means they would eat a lot more of the tax burden than higher income folks who are currently made to pay a fair share thanks to income tax.
-
sales tax only is unfair to lower incomes. They spend a much larger percentage on survival items than higher incomes. This means they would eat a lot more of the tax burden than higher income folks who are currently made to pay a fair share thanks to income tax.
We wouldn't need the federal income tax at all if we'd got rid of the fed, but that's for another debate. Sales tax vs income tax is a matter of preference. We all pay taxes one way or another, so really to me it doesn't matter, I barely notice the difference (because I pay both anyway).
-
We wouldn't need the federal income tax at all if we'd got rid of the fed, but that's for another debate. Sales tax vs income tax is a matter of preference. We all pay taxes one way or another, so really to me it doesn't matter, I barely notice the difference (because I pay both anyway).
Try making the minimum wage some time. Sales tax will suddenly look a lot worse than income tax.
-
Try making the minimum wage some time. Sales tax will suddenly look a lot worse than income tax.
-
Try making the minimum wage some time. Sales tax will suddenly look a lot worse than income tax.
I was actually going to side with you on this one, but josda does have a point here. On the low end, if your income tax was dropped 15%, but your sales tax went up 7%, your purchasing power would be pretty much even... But the part of your income that you save would be higher. The only problem is that on the high end, the tax collection would be delayed, as a lot of the big guys are going to reinvest their cash instead of spending it, then put the proceeds into trust funds. Sure, it would be taxed eventually, but way down the road. Actually, the real disadvantage I see, is that if those dollars are taken out of the country (International purchases, traveling, etc), they wouldn't be taxed at all.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
Try making the minimum wage some time. Sales tax will suddenly look a lot worse than income tax.
The minimum wage in the US is somewhat of a disgrace, it's half of the adult minimum here.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
-
Actually I'd theorize to take away the income tax and do just like a sales tax on stuff, whatever you want to tax. but that's just a theory... let's put it this way: i hate income tax. BUT otherwise, yes, you just cut back on spending, at least. There are a lot of departments that I think are just wholly unnecessary, and you could save money by getting rid of them, but I'm not getting into that.