US Switching To A National Sales Tax - GoFuckYourself.com

KRL · 11-04-2004, 11:57 PM

Looks like the treasury department will be exploring a complete overhaul of the most complex taxation system on the planet and considering a simple national sales tax.

Interesting and long overdue for something better.

WickedVenus · 11-04-2004, 11:57 PM

Quote:

Originally posted by KRL
Looks like the treasury department will be exploring a complete overhaul of the most complex taxation system on the planet and considering a simple national sales tax.

Interesting and long overdue for something better.

links please

SlutFinder · 11-04-2004, 11:58 PM

wow thought the us did that already! obviosuly should pay more attension lol

Steen2 · 11-04-2004, 11:58 PM

Quote:

Originally posted by KRL
Looks like the treasury department will be exploring a complete overhaul of the most complex taxation system on the planet and considering a simple national sales tax.

Interesting and long overdue for something better.

But I like not having to pay sales tax on 80% of my purchases

the_wizz · 11-04-2004, 11:59 PM

http://fairtax.org/

I think the fairtax is an awesome idea.

People who are against it, don't understand it.

KRL · 11-04-2004, 11:59 PM

Quote:

Originally posted by WickedVenus
links please

Its going to be explored as part of the agenda. Bush people are saying this.

FlyingIguana · 11-04-2004, 11:59 PM

sales tax is stupid. it should be wiped out and put onto income tax. its a tax for 50 years ago, not today.

TurboTrucker · 11-05-2004, 12:04 AM

That would be great. I seem to have a hard time paying my taxes, this would make it a non-issue.

Drake · 11-05-2004, 12:06 AM

Simplifying it is a good thing

Sosa · 11-05-2004, 12:07 AM

so instead of each city setting their own tax %, there would be a national set tax % for each place?

KRL · 11-05-2004, 12:09 AM

Quote:

Originally posted by Steen2
But I like not having to pay sales tax on 80% of my purchases

Retail sales are $3.8 Trillion. The government will collect $878,300,000,000 in personal income taxes next year.

So it would take a 23% sales tax to do the job.

FlyingIguana · 11-05-2004, 12:11 AM

that fair tax system looks promising. businesses being exempt is the right idea. the way sales tax is today is just complete shit.

the_wizz · 11-05-2004, 12:13 AM

Quote:

Originally posted by FlyingIguana
sales tax is stupid. it should be wiped out and put onto income tax. its a tax for 50 years ago, not today.

Are you a dumb ass??

A national sales tax in place of the current income tax would insure that EVERYONE pays taxes. You don't want to pay taxes? Don't spend your money. Its that simple.

They even reemburse you every month for spending up to the poverty line (EVERYONE GETS THIS).

Its really a good system.

Check the link above. It explains it all in plain english (which I know, can be hard for someone from toronto to understand...)

EscortBiz · 11-05-2004, 12:16 AM

is this for personal business or both?

FlyingIguana · 11-05-2004, 12:18 AM

Quote:

Originally posted by the_wizz
Are you a dumb ass??

A national sales tax in place of the current income tax would insure that EVERYONE pays taxes. You don't want to pay taxes? Don't spend your money. Its that simple.

They even reemburse you every month for spending up to the poverty line (EVERYONE GETS THIS).

Its really a good system.

Check the link above. It explains it all in plain english (which I know, can be hard for someone from toronto to understand...)

the way sales tax is now its completely stupid. if its set up like that fair tax then it would be better, but sales tax as it exists today would be just fucked up and would hurt businesses.

erehwon · 11-05-2004, 12:26 AM

http://siliconisle.com/taxes.html

Anguilla is a small society in the Caribbean with a successful tourism economy. The growth-oriented tax system is based on consumption, not income, and rewards productive behavior. Anguilla has a government, so it has taxes, but it doesn't have a sales tax, VAT, GST, income tax, profits tax, capital gains tax, or inheritance tax.

Those who use the services, pay the taxes on them. When you buy something that is imported into Anguilla, and most things are imported, the price includes import duties. Duties are a type of consumption tax, like a sales tax. Anguilla collects about 25% duty at the border on most items (actually 5% on food and computers to 30% on beer and cigarettes). Anguilla also has yearly license fees for businesses and professions, plus work permit fees for foreign workers. The property tax is only on improvements, not land, and the rate is very small.

In many countries, there is also a universal "Value Added Tax" that applies to every sale of goods or services in the economy. VAT turns each electrician and gardener into either an unpaid government bookkeeper/tax collector, or into a tax cheat in the underground economy. Currently, there is a 7% GST in Canada and 10%-40% VAT in Europe, and it is imposed in addition to heavy income taxes. Anguilla does not currently have a VAT.

The system for raising revenues in Anguilla is relatively eco-friendly in that the consumption of non-renewable resources is taxed fairly heavily. Those who use the roads pay a heavy annual vehicle licencing fee, and an annual driving license fee. Those who consume gasoline pay the import duty on gasoline, and those who buy cars pay a a heavy import tax for them.

Taxes in Anguilla are on consumption, not productivity. When you buy land, you pay a 5% stamp tax, 17.5% if you are not a "belonger" (local citizen). Those who use the airport pay a $20 departure tax and those who use the less expensive ferry service pay a lesser tax, only $2. There is a 10% tax on hotel rooms, but a night at Lloyds Guest House for $65 per night only collects $6.50 tax, while staying in an $800 suite at Cap Juluca adds $80 to the bill. (All figures on are in US dollars, tax rates are 2003.)

Instead of deducting half of family income from paychecks for income taxes, surcharges, and social security taxes, Anguilla collects only a 5% social security tax (plus 5% from the employer, and the maximum is $186/month combined).

There are no taxes on savings and investment. This encourages people to save and invest. Many Anguillians, even those with very modest incomes, manage to save impressive amounts. Others, of course, do not save.

Instead of punishing those who build a successful business by taxing away half their capital gains when they sell, Anguilla rewards hard work, boosts savings, and encourages growth of the economy. The result? The country has gone from poverty to regional prosperity in one generation.

And there is no inheritance tax in Anguilla. Family land is the most important thing in Anguilla and inheritance tax that had to be paid in cash would eliminate passing down land to your children.

Anguilla employs both the US dollar and the EC dollar in local commerce, without exchange controls. By having the most rational currency regulations in the OECS (Organization of Eastern Caribbean States), Anguilla has more foreign currency deposits than any other OECS state. Banks use the normal "know your customer" rules to avoid money laundering.

Compared to many countries, the USA is considered tax efficient and it uses that to attract foreigners. Many creative and productive Europeans, Asians and Latin Americans make personal choices to create their businesses in Silicon Valley or Miami instead of Paris or Berlin ("Go West, Young Frenchman", Business Week, March 9, 1998: "A torrent of talent is leaving France"). Even more foreigners use the excellent financial services of the United States and the Internet makes this easier still. From Anguilla you can open an account at a discount broker in the USA, and have full investing services over the Internet, all provided by a US firm. Or if you open an account at Dollarbank while visiting the USA, you can do all your banking over the Internet. If it is okay for the USA to use it's low tax rates to attract most of the brain power of the world, why does it call what Anguilla does "harmful tax competition"?

You can think of Anguilla as a laboratory experiment in alternative tax policies. Tax policy in Anguilla isn't perfect, but it works. Anguilla, along with Hong Kong, New Zealand, and Chile, have shown that small places can prosper despite serious handicaps. In the 30 years since Anguilla separated from St.Kitts/Nevis, Anguilla's people have built a successful, productive economy, and now attract guest workers from neighboring islands. And these other islands have tax systems of the European/US model that sap the growth of new small business and protect the large, entrenched firm with its political connections and lawyers.

Anguilla has a simple, straight-forward tax system without loopholes, tax lawyers, or strangling paperwork, which favours traditional ethics of hard work and saving for one's future and the future of one's children.

BRISK · 11-05-2004, 12:42 AM

What a shake up that would be

ytcracker · 11-05-2004, 12:46 AM

i think thats a great idea

jas1552 · 11-05-2004, 12:47 AM

Very interesting. From what I've read so far this looks like a very good idea. I'd like to hear the other side's case as well.

media · 11-05-2004, 12:47 AM

I think that a national sales tax would be good if we eliminated state sales taxes... I don't ever see a double tax passing anywhere in the US.. especially with so many republicans..

But I agree there should be some sort of tax co-op divided among the US to help fund many things.. I also think that state sales tax on cigarettes should be abbolished and make a federal tax that goes into a co-op to help things along better...

I would be all for a higher sales tax and lower income tax as well.. lol

eroswebmaster · 11-05-2004, 12:50 AM

I'm down.

BRISK · 11-05-2004, 12:53 AM

Quote:

Originally posted by erehwon
a simple, straight-forward tax system without loopholes, tax lawyers, or strangling paperwork, which favours traditional ethics of hard work and saving for one's future and the future of one's children.

pussyluver · 11-05-2004, 12:54 AM

So some good may come out of the Bush election? Ahmmmm what a novel thought!

Doing away with IRS. Damn that is forward thinking!!

Some will argue it is not fair to the poort. So we don't tax food, drugs and rent.

The tax code is to complex and a pain for small buisness to deal with. I think a different system could lead to fewer cheaters or to fewer people getting in trouble. If you're in a mainstream business now, you are already collecting taxes and doing book work for the governemnt. This would be a way for LESS govenment which is what Republicans are suppose to be about.

My fear is that we will have both a national VAT and IRS and that would result in higher taxes as time goes on. How could you not accept an increase to improve the schools or feed the poor or provide health coverage....

jas1552 · 11-05-2004, 12:58 AM

I wouldn't support a national sales tax at all unless all other federal taxes were abolished. My state has income tax, sales tax, property tax, and car tax. That's a bitch. There should just be one damn tax, make it progressive, and set it at levels where the government can do what it needs to do. That would save the tax payers and the government time, money, and hassle.

BRISK · 11-05-2004, 12:59 AM

Imagine all the unemployed accountants?

woj · 11-05-2004, 01:06 AM

Seems like a good idea, but only if other taxes are reduced/eliminated....

hydro · 11-05-2004, 01:11 AM

im guessing it would apply to internet sales/purchases as well?

stocktrader23 · 11-05-2004, 01:15 AM

Damn this would save some fucking headaches. How possible is it, any information online?

jas1552 · 11-05-2004, 01:55 AM

I bet most democrats in congress will be against it.

kmanrox · 11-05-2004, 02:00 AM

i'll let all you smart people fight over it and i'll worry about it when i gotta buy a kit kat at 7-11... mmkay

stocktrader23 · 11-05-2004, 02:11 AM

Quote:

Originally posted by kmanrox
i'll let all you smart people fight over it and i'll worry about it when i gotta buy a kit kat at 7-11... mmkay

lol

11-04-2004, 11:57 PM	#1
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	US Switching To A National Sales Tax Looks like the treasury department will be exploring a complete overhaul of the most complex taxation system on the planet and considering a simple national sales tax. Interesting and long overdue for something better. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

11-04-2004, 11:58 PM	#3
SlutFinder Confirmed User Join Date: Oct 2003 Location: UK Posts: 2,273	wow thought the us did that already! obviosuly should pay more attension lol __________________ Legit mailing and optin databases - Adult,Casino&Pharmacy. ICQ: 272-745-001 - EMail:[email protected] Adult payments allowed! on your site or between webmasters! www.YowCow.com

11-04-2004, 11:59 PM	#5
the_wizz Confirmed User Join Date: Dec 2003 Location: hmmm..... Posts: 1,633	http://fairtax.org/ I think the fairtax is an awesome idea. People who are against it, don't understand it. __________________ Promote the Best

11-05-2004, 12:04 AM	#8
TurboTrucker Confirmed User Join Date: Jan 2003 Location: Phoenix Arizona Posts: 2,363	That would be great. I seem to have a hard time paying my taxes, this would make it a non-issue. __________________

11-05-2004, 12:16 AM	#14
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	is this for personal business or both? __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

11-04-2004, 11:59 PM	#7
FlyingIguana aspiring banker Join Date: Mar 2002 Location: toronto Posts: 10,870	sales tax is stupid. it should be wiped out and put onto income tax. its a tax for 50 years ago, not today.

11-05-2004, 12:06 AM	#9
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Simplifying it is a good thing

11-05-2004, 12:07 AM	#10
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	so instead of each city setting their own tax %, there would be a national set tax % for each place?

11-05-2004, 12:11 AM	#12
FlyingIguana aspiring banker Join Date: Mar 2002 Location: toronto Posts: 10,870	that fair tax system looks promising. businesses being exempt is the right idea. the way sales tax is today is just complete shit.

11-05-2004, 12:26 AM	#16
erehwon Confirmed User Industry Role: Join Date: Nov 2003 Location: A secure undisclosed location... Posts: 3,759	http://siliconisle.com/taxes.html Anguilla is a small society in the Caribbean with a successful tourism economy. The growth-oriented tax system is based on consumption, not income, and rewards productive behavior. Anguilla has a government, so it has taxes, but it doesn't have a sales tax, VAT, GST, income tax, profits tax, capital gains tax, or inheritance tax. Those who use the services, pay the taxes on them. When you buy something that is imported into Anguilla, and most things are imported, the price includes import duties. Duties are a type of consumption tax, like a sales tax. Anguilla collects about 25% duty at the border on most items (actually 5% on food and computers to 30% on beer and cigarettes). Anguilla also has yearly license fees for businesses and professions, plus work permit fees for foreign workers. The property tax is only on improvements, not land, and the rate is very small. In many countries, there is also a universal "Value Added Tax" that applies to every sale of goods or services in the economy. VAT turns each electrician and gardener into either an unpaid government bookkeeper/tax collector, or into a tax cheat in the underground economy. Currently, there is a 7% GST in Canada and 10%-40% VAT in Europe, and it is imposed in addition to heavy income taxes. Anguilla does not currently have a VAT. The system for raising revenues in Anguilla is relatively eco-friendly in that the consumption of non-renewable resources is taxed fairly heavily. Those who use the roads pay a heavy annual vehicle licencing fee, and an annual driving license fee. Those who consume gasoline pay the import duty on gasoline, and those who buy cars pay a a heavy import tax for them. Taxes in Anguilla are on consumption, not productivity. When you buy land, you pay a 5% stamp tax, 17.5% if you are not a "belonger" (local citizen). Those who use the airport pay a $20 departure tax and those who use the less expensive ferry service pay a lesser tax, only $2. There is a 10% tax on hotel rooms, but a night at Lloyds Guest House for $65 per night only collects $6.50 tax, while staying in an $800 suite at Cap Juluca adds $80 to the bill. (All figures on are in US dollars, tax rates are 2003.) Instead of deducting half of family income from paychecks for income taxes, surcharges, and social security taxes, Anguilla collects only a 5% social security tax (plus 5% from the employer, and the maximum is $186/month combined). There are no taxes on savings and investment. This encourages people to save and invest. Many Anguillians, even those with very modest incomes, manage to save impressive amounts. Others, of course, do not save. Instead of punishing those who build a successful business by taxing away half their capital gains when they sell, Anguilla rewards hard work, boosts savings, and encourages growth of the economy. The result? The country has gone from poverty to regional prosperity in one generation. And there is no inheritance tax in Anguilla. Family land is the most important thing in Anguilla and inheritance tax that had to be paid in cash would eliminate passing down land to your children. Anguilla employs both the US dollar and the EC dollar in local commerce, without exchange controls. By having the most rational currency regulations in the OECS (Organization of Eastern Caribbean States), Anguilla has more foreign currency deposits than any other OECS state. Banks use the normal "know your customer" rules to avoid money laundering. Compared to many countries, the USA is considered tax efficient and it uses that to attract foreigners. Many creative and productive Europeans, Asians and Latin Americans make personal choices to create their businesses in Silicon Valley or Miami instead of Paris or Berlin ("Go West, Young Frenchman", Business Week, March 9, 1998: "A torrent of talent is leaving France"). Even more foreigners use the excellent financial services of the United States and the Internet makes this easier still. From Anguilla you can open an account at a discount broker in the USA, and have full investing services over the Internet, all provided by a US firm. Or if you open an account at Dollarbank while visiting the USA, you can do all your banking over the Internet. If it is okay for the USA to use it's low tax rates to attract most of the brain power of the world, why does it call what Anguilla does "harmful tax competition"? You can think of Anguilla as a laboratory experiment in alternative tax policies. Tax policy in Anguilla isn't perfect, but it works. Anguilla, along with Hong Kong, New Zealand, and Chile, have shown that small places can prosper despite serious handicaps. In the 30 years since Anguilla separated from St.Kitts/Nevis, Anguilla's people have built a successful, productive economy, and now attract guest workers from neighboring islands. And these other islands have tax systems of the European/US model that sap the growth of new small business and protect the large, entrenched firm with its political connections and lawyers. Anguilla has a simple, straight-forward tax system without loopholes, tax lawyers, or strangling paperwork, which favours traditional ethics of hard work and saving for one's future and the future of one's children. __________________ Money NEVER $leep$...

11-05-2004, 12:42 AM	#17
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	What a shake up that would be __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

11-05-2004, 12:46 AM	#18
ytcracker stc is the greatest Join Date: Dec 2002 Location: rip sean murray Posts: 12,403	i think thats a great idea __________________ www.ytcracker.com \| www.digitalgangster.com i love you

11-05-2004, 12:47 AM	#19
jas1552 Confirmed User Join Date: May 2002 Location: Land of the free, home of the brave Posts: 1,462	Very interesting. From what I've read so far this looks like a very good idea. I'd like to hear the other side's case as well.

11-05-2004, 12:47 AM	#20
media Confirmed Moneymaker Industry Role: Join Date: Apr 2002 Location: Eugene, OR It's Like Jail, Only with Trees! Posts: 9,852	I think that a national sales tax would be good if we eliminated state sales taxes... I don't ever see a double tax passing anywhere in the US.. especially with so many republicans.. But I agree there should be some sort of tax co-op divided among the US to help fund many things.. I also think that state sales tax on cigarettes should be abbolished and make a federal tax that goes into a co-op to help things along better... I would be all for a higher sales tax and lower income tax as well.. lol __________________ I'm here for the violence!

11-05-2004, 12:50 AM	#21
eroswebmaster March 1st, 2003 Join Date: Jul 2001 Location: Seat 4 @ Venetian Poker Room Posts: 20,295	I'm down. __________________ For rent - ICQ 127-027-910 Click here for more details

11-05-2004, 12:54 AM	#23
pussyluver Clueless OleMan Join Date: Mar 2003 Location: ICQ - 169903487 Posts: 11,009	So some good may come out of the Bush election? Ahmmmm what a novel thought! Doing away with IRS. Damn that is forward thinking!! Some will argue it is not fair to the poort. So we don't tax food, drugs and rent. The tax code is to complex and a pain for small buisness to deal with. I think a different system could lead to fewer cheaters or to fewer people getting in trouble. If you're in a mainstream business now, you are already collecting taxes and doing book work for the governemnt. This would be a way for LESS govenment which is what Republicans are suppose to be about. My fear is that we will have both a national VAT and IRS and that would result in higher taxes as time goes on. How could you not accept an increase to improve the schools or feed the poor or provide health coverage....

11-05-2004, 12:58 AM	#24
jas1552 Confirmed User Join Date: May 2002 Location: Land of the free, home of the brave Posts: 1,462	I wouldn't support a national sales tax at all unless all other federal taxes were abolished. My state has income tax, sales tax, property tax, and car tax. That's a bitch. There should just be one damn tax, make it progressive, and set it at levels where the government can do what it needs to do. That would save the tax payers and the government time, money, and hassle. Last edited by jas1552; 11-05-2004 at 12:59 AM..

11-05-2004, 12:59 AM	#25
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	Imagine all the unemployed accountants? __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

11-05-2004, 01:06 AM	#26
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	Seems like a good idea, but only if other taxes are reduced/eliminated.... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

11-05-2004, 01:11 AM	#27
hydro Confirmed User Join Date: Dec 2003 Location: Dirty 3rd Posts: 4,216	im guessing it would apply to internet sales/purchases as well?

11-05-2004, 01:15 AM	#28
stocktrader23 Let's do some business. Industry Role: Join Date: Jan 2003 Location: The dirty south. Posts: 18,781	Damn this would save some fucking headaches. How possible is it, any information online? __________________ Hands Free Adult - Join Once, Earn For Life "I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."

11-05-2004, 01:55 AM	#29
jas1552 Confirmed User Join Date: May 2002 Location: Land of the free, home of the brave Posts: 1,462	I bet most democrats in congress will be against it.

11-05-2004, 02:00 AM	#30
kmanrox aka K-Man Industry Role: Join Date: Oct 2001 Location: The Gutter Posts: 29,292	i'll let all you smart people fight over it and i'll worry about it when i gotta buy a kit kat at 7-11... mmkay __________________ Crypto HODLr Crypto mining Angel investor