Huh? I said you shouldn't have to pay income tax on it, not that you shouldn't get it.
Ah, reading comprehension failure on my part.
Huh? I said you shouldn't have to pay income tax on it, not that you shouldn't get it.
Thats where the FairTax bill comes into play. On top of that, it also gives out a prebate to everyone that would cover the tax on purchases up to the poverty line. So those living/spending at or below the poverty line would pay no taxes.The whole tax system is a corrupt plan that allows the government and the powerful to prosper by being irresponsible and holding the productive and responsible for the wrong doers criminality. A straight flat rate tax for every man and woman with no variance for any reason is a way out of the ability to corrupt.
An interesting alternative would be nothing but a use tax. You only pay tax on what is purchased new. That would be a straight percentage, but still tax the wealthy consumers, who buy the newest and best at every opportunity. The more humble citizens would save a ton of money by maintaining the property they already have and being able to buy something used tax free. That plan will also have an environmental gain, because nothing will be junked until it is completely used up.
I have no doubt that our legislature could corrupt either a flat rate or use tax system into an abomination even faster then they screwed up the system we have now.
And if you were to flip to that tax free income, your SS account would freeze and you would be paid out based on what you contributed up to that point. That would be the fair way to do it.Ah, reading comprehension failure on my part.
You should not be taxed by the government that gave you the money. What sense does it make to give someone 10 dollars and then turn right around and take 3 back?What public employees? Federal, State, Local? Exempt from just the taxes of the gvt. that employees them? All gvts.? What about people paid for by some state, some local and some fed? Prorata?
...And while I'm sure gvt. employees would love to be tax free, just try to cut their pay by the same amount of the tax liability and see what happens.
Finally, as noted above, there's no reason gvt. employees should be insulated from the pain the rest of us feel.
Maybe because different people get different amounts back?You should not be taxed by the government that gave you the money. What sense does it make to give someone 10 dollars and then turn right around and take 3 back?