![]() ![]() ![]() If America does not begin rewarding family instead of penalizing them, our future will be slavery to those who do. There is no future for America without well raised progeny. Of course, what you would have then is few families having families, and we would sink like a rock in the world economy with an aging population not being replenished by young productive workers. Those folks don't have much in the way of discretionary income, with most all of it going out to pay living expenses. We just became empty nesters, but a national sales tax would be death to those whose household income is below 100K and have 2 or 3 kids. ![]() Kent It makes the most sense, (which means lower taxes) for those on here who are older, mostly retired, or soon to be and who aren't raising kids now. ![]() If enough people cry loudly enough for something they do listen or they get voted out. I'm as cynical toward politicians as a person can be, I think every one of them is absolute lying scum and I apologize to the honest scum in the world for comparing them so, but they know where their bread is buttered. Folks can have 10 kids and buy the biggest mortgage they want, it’s their money – but I’m not subsidizing them via their tax deductions. Then they can spend or save every penny they earn as they see fit - nothing is taken out beforehand. That Gross figure is what people would take home, not the net. I’m far from an expert on economics and tax theory but some of these benefits are so obvious even I get it.Ģ3% sales tax seems nightmarish when we're used to sales tax being 6% or 7% or whatever a state charges, but go look at a paycheck. Exported goods are not taxed at home giving them a competitive price advantage in the world market, foreign imports are taxed at the same rate as domestically produced goods. No taxes on earnings, capital gains or estates promotes investment and savings, with a lot of money available interest rates are pushed down further promoting capital investment. With no taxes on earnings or income America becomes the greatest place in the world for foreigners to invest. Read that link jorgeI posted comparing the current tax system with the "fair" aka sales and flat tax. The more I think about it the more I like the sales tax idea. ![]()
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