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Scrap the income tax! [message #110178]

Wed, 25 August 2004 19:35

Hydra
Messages: 827
Registered: September 2003
Location: Atlanta, GA

Karma:

Colonel

The United States GDP was about $11 trillion as of May 11, 2004. The budget for the federal government is approx. $2.5 trillion (not sure if that's the right number, but can't be bothered to look it up Razz

). When you do the math, $2.5 trillion is just about 23% of $11 trillion. Instead of having a myriad of different taxes all feeding into that $2.5 trillion budget, you'd have just one kind of tax that adequately funds the federal government.

The current tax code is full of loopholes and other problems (among them, the IRS (need I say more about the IRS?)). A national sales tax would do away with all of those problems presented by the current tax code.

I kind of mentioned this in my first post, but not all that well....
Spending up to the poverty level is tax-free thanks to the FairTax rebate that's written into the law.
http://www.fairtaxvolunteer.org/smart/faq-main.html#3

Walter Keith Koester: September 22, 1962 - March 15, 2005
God be with you, Uncle Wally.

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[Message index]

		Scrap the income tax! By: Hydra on Wed, 25 August 2004 16:33
		Scrap the income tax! By: Crimson on Wed, 25 August 2004 16:46
		Scrap the income tax! By: SuperFlyingEngi on Wed, 25 August 2004 17:04
		Scrap the income tax! By: Hydra on Wed, 25 August 2004 17:28
		Scrap the income tax! By: SuperFlyingEngi on Wed, 25 August 2004 17:36
		Scrap the income tax! By: Hydra on Wed, 25 August 2004 17:45
		Scrap the income tax! By: SuperFlyingEngi on Wed, 25 August 2004 17:47
		Scrap the income tax! By: Hydra on Wed, 25 August 2004 17:58
		Scrap the income tax! By: SuperFlyingEngi on Wed, 25 August 2004 18:04
		Scrap the income tax! By: NukeIt15 on Wed, 25 August 2004 18:53
		Scrap the income tax! By: Hydra on Wed, 25 August 2004 19:35
		Scrap the income tax! By: NHJ BV on Thu, 26 August 2004 03:26
		Scrap the income tax! By: ViperFUD on Thu, 26 August 2004 04:51
		Scrap the income tax! By: Hydra on Sat, 16 April 2005 20:31
		Scrap the income tax! By: Jecht on Sat, 16 April 2005 21:02
		Scrap the income tax! By: msgtpain on Sat, 16 April 2005 21:09
		Scrap the income tax! By: Hydra on Sat, 16 April 2005 21:17
		Scrap the income tax! By: IRON FART on Sat, 16 April 2005 23:01
		Scrap the income tax! By: Doitle on Sat, 16 April 2005 23:01
		Scrap the income tax! By: cheesesoda on Sat, 16 April 2005 23:12
		Scrap the income tax! By: Jecht on Sun, 17 April 2005 09:48
		Scrap the income tax! By: Crimson on Sun, 17 April 2005 14:53
		Scrap the income tax! By: IRON FART on Sun, 17 April 2005 15:31
		Scrap the income tax! By: msgtpain on Sun, 17 April 2005 15:53
		Scrap the income tax! By: Hydra on Sun, 17 April 2005 19:27
		Scrap the income tax! By: Crimson on Sun, 17 April 2005 20:17
		Scrap the income tax! By: IRON FART on Sun, 17 April 2005 21:17
		Scrap the income tax! By: msgtpain on Sun, 17 April 2005 22:36
		Scrap the income tax! By: Crimson on Sun, 17 April 2005 23:19
		Scrap the income tax! By: Fabian on Tue, 19 April 2005 05:56
		Scrap the income tax! By: MrBob on Tue, 19 April 2005 07:23
		Scrap the income tax! By: Jecht on Tue, 19 April 2005 07:40
		Scrap the income tax! By: IRON FART on Tue, 19 April 2005 16:59
		Scrap the income tax! By: Hydra on Wed, 20 April 2005 07:23
		Scrap the income tax! By: SuperFlyingEngi on Wed, 20 April 2005 14:04
		Scrap the income tax! By: Jecht on Wed, 20 April 2005 14:25
		Scrap the income tax! By: Crimson on Wed, 20 April 2005 15:36
		Scrap the income tax! By: SuperFlyingEngi on Wed, 20 April 2005 16:16
		Scrap the income tax! By: Hydra on Wed, 20 April 2005 17:16
		Scrap the income tax! By: SuperFlyingEngi on Wed, 20 April 2005 18:18
		Scrap the income tax! By: cheesesoda on Wed, 20 April 2005 18:32
		Scrap the income tax! By: msgtpain on Wed, 20 April 2005 18:38
		Scrap the income tax! By: Crimson on Wed, 20 April 2005 21:47
		Scrap the income tax! By: IRON FART on Thu, 21 April 2005 15:23
		Scrap the income tax! By: Jecht on Thu, 21 April 2005 17:39
		Scrap the income tax! By: Deathgod on Fri, 22 April 2005 15:12
		Scrap the income tax! By: Crimson on Fri, 22 April 2005 19:14
		Scrap the income tax! By: Deathgod on Fri, 22 April 2005 19:33
		Scrap the income tax! By: MrBob on Sun, 24 April 2005 13:20
		Scrap the income tax! By: msgtpain on Sun, 24 April 2005 14:49
		Scrap the income tax! By: warranto on Sun, 24 April 2005 14:56
		Scrap the income tax! By: Crimson on Sun, 24 April 2005 16:47
		Scrap the income tax! By: MrBob on Sun, 24 April 2005 17:34
		Scrap the income tax! By: Hydra on Sun, 24 April 2005 18:28
		Scrap the income tax! By: msgtpain on Sun, 24 April 2005 19:53
		Scrap the income tax! By: Doitle on Mon, 25 April 2005 05:17
		Scrap the income tax! By: Deathgod on Mon, 25 April 2005 16:32
		Scrap the income tax! By: Sir Phoenixx on Mon, 25 April 2005 19:59
		Scrap the income tax! By: msgtpain on Mon, 25 April 2005 20:34
		Scrap the income tax! By: Oblivion165 on Mon, 25 April 2005 22:30
		Scrap the income tax! By: Deathgod on Tue, 26 April 2005 15:59

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