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Apr 15th, personal Fed Taxes due in the US

Discussion in 'Alley of Dangerous Angles' started by Darkwolf, Apr 15, 2004.

  1. Darkwolf Gems: 18/31
    Latest gem: Horn Coral

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    Remove all ads!
    For those of you who are mailing your taxes today, I will assume that it is because you owe (if not, you should be ashamed of you procrastination ;) ) the IRS a check, there is another idea out there.

    http://fairtax.org/

    Not sure that this is really an AoDA topic, but am afraid that it somehow might lead to a heated debate (one of my topics become heated, NO WAY! :p ), so I decided against Whatnots just to be on the safe side. Those so empowered, please move if you feel it appropriate.
     
    Darkwolf, Apr 15, 2004
    #1
  2. Splunge

    Splunge Bhaal’s financial advisor Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) Torment: Tides of Numenera SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    A bit off-topic, but:

    http://www.ucomics.com/foxtrot/2004/04/14/

    Anyway, Canada introduced the tax you refer to (we call it the Goods and Services Tax) 13 years ago, and got rid of a hidden tax called the Manufacturers’ Sales Tax. While I was in favor of it, most Canadians weren't. It cost the Progressive Conservative government the next election (it actually almost obliterated the party) and they never recovered. They recently had to merge with a relatively new party just to stay alive.

    Now granted, the GST didn't replace income tax, but that would be incredibly difficult to do.

    Bottom line - economically smart, political suicide.

    [ April 15, 2004, 16:26: Message edited by: Splunge ]
     
    Splunge, Apr 15, 2004
    #2

  3. The Great Snook Gems: 31/31
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    I am a CPA. Hopefully, after today I'll be able to post more often. :)

    This has been one grueling tax season.
     
    The Great Snook, Apr 15, 2004
    #3
  4. Hacken Slash

    Hacken Slash OK... can you see me now?

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    Not sure if a National Sales Tax would work or not...economists claim it's a regressive tax. Without income tax, think of all the accountants and tax attorneys who would be out of work...can you picture Splunge, Snook, JSBB and DMC all hanging out at the corner in your neighborhood! :eek: :eek: .

    The Hacken Slash plan for fiscal security might work better...keep income tax as a flat tax of 12% with no deductions, round all purchases under $100 up to the nearest 10 cents, round all purchases between $100 and $1000 to the nearest dollar, round all purchases between $1000 and $10,000 to the nearest $10, so on and so on...apply the difference to the federal government...stop minting pennies and nickels...apply the savings to the federal government...employ public school drop-outs as cashiers.
     
    Hacken Slash, Apr 15, 2004
    #4
  5. Harbourboy

    Harbourboy Take thy form from off my door! Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    We have had GST in New Zealand since about 1987. I've not noticed any problems with this tax. I think it's quite a reasonable concept. They also have this tax in the UK, but call it VAT.
     
    Harbourboy, Apr 15, 2004
    #5
  6. Chandos the Red

    Chandos the Red This Wheel's on Fire

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    Yes, Americans should remember when making the check for their taxes, there are two Ls in Halliburton. :p

    Support the War in Iraq, and get the most "Bang" for your "Bucks." :grin:
     
    Chandos the Red, Apr 16, 2004
    #6

  7. Rallymama Gems: 31/31
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    Rallymama, Apr 16, 2004
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