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National Sales Tax? (Read 512 times)
verslagen1
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Re: National Sales Tax?
Reply #30 - 12/14/10 at 14:01:01
 
There was a nordic country that was report to have high income tax.  Something like 80%, who were they?
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Re: National Sales Tax?
Reply #31 - 12/14/10 at 14:35:09
 
the idea of lessened income tax with a VAT is not terrible, if it could fund the govt. which I don't know, it would definitely change the way people spend though not sure how industry would take that uncertainty, we are talking personal income tax right, not corporate tax which is like 28% right?  which hasn't changed in a long time <-- not sure on that but I get that impression, most of the complaining from DC and republicans is about personal income tax going up somehow causing businesses to be uncertain or something, kind of a confusing way to say, we aren't giving in to the rich but we don't want them to stop spending so we are giving in to the rich
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justin_o_guy2
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Re: National Sales Tax?
Reply #32 - 12/14/10 at 15:28:49
 
Who here REALLY wants to "fund this government"?  I sure dont. If I worked for an employer who paid me diddly squat while he wasted millions Id be working like a slob or Id quit.This is the most wasteful, lying bunch of crooks Ive ever seen ,,
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Re: National Sales Tax?
Reply #33 - 12/14/10 at 15:58:05
 
There is nothing wrong with the system it is the best,The problem was the uncalled for wars and the tax saving for the rich.You can't spend more money and take in less,Didn't you learn that when you were a kid.  (GWB)   If you think it was wrong what was wrong with it when Bill Clinton left office.
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Re: National Sales Tax?
Reply #34 - 12/14/10 at 17:13:46
 
No, not true, the system is broken. Once we got a solid core of presidential advisers from the TRilateral commission & heck, Ive forgotten the names of the other groups, but the president has been relegated to a puppet.   Weve seen lobbyists from industry get into the top spot in the regulatory agencies over their respective industries, Fox/Henhouse,, all the way,.

& weve seen the same faces in DC, people making policy, UNELECTED people, making policy.. Kennedy was the last president.;
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Re: National Sales Tax?
Reply #35 - 12/14/10 at 19:23:40
 
one thing to consider as far as income + VAT vs fair tax is that you know exactly wgat you pay in tax each year with the fair tax. This will be a huge eye opener for a lot of people as to what we spend each year.
VAT is added at each transaction of a product so that the end product price has embedded taxes that are invisible to most people.
How much tax do you pay when you buy gas, cigarettes, beer, etc?
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mick
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Re: National Sales Tax?
Reply #36 - 12/14/10 at 19:34:32
 
Watch it justin and Bill we can only talk motorcycles now, Along with you Jerry,and Serowbot, Starlifter, myself, just to name a few interesting speakers, but Hey, this is after all a motor cycle forum and that is what we should all be talking about, I guess anything else goes to the Tall Table. Sluggo has mentioned it twice,so they (the moderators) really mean it this time. So Please guys take up to the adult tall table.This way we will give the moderators way less work, I used to be one ,I know it's a tough job..
Sales Tax has no place here.
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Re: National Sales Tax?
Reply #37 - 12/14/10 at 19:35:29
 
verslagen1 wrote on 12/14/10 at 14:01:01:
There was a nordic country that was report to have high income tax.  Something like 80%, who were they?

motor cycles only Vers,sorry.
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Re: National Sales Tax?
Reply #38 - 12/15/10 at 05:49:37
 
OK, try this.

Motorcycle seat -Farmer sells cow to hide processor - VAT added, processor sells to tanner/dyer - VAT added, tanner/dyer sells to seat mfr. - VAT added, seat mf. sells to motorcycle mfr. - VAT added, now motorcycle mfr. sells to you with all of these embedded taxes built into the price of your bike.

Imagine that with everything manufactured in the US.

Please just read about the Fair Tax when your not reading about motorcycles.

Did I use the word motorcycle enough?
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mick
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Re: National Sales Tax?
Reply #39 - 12/15/10 at 14:31:01
 
verslagen1 wrote on 12/14/10 at 14:01:01:
There was a nordic country that was report to have high income tax.  Something like 80%, who were they?

Yes I think you are talking about Sweden,but then again like England ,
only the wealthy get hit with the big tax bills,and that is why British movie stars live here for 7 months of the year,they can claim US residents because they live longer here than the UK ,Prime example
Cathrine Zeta Jones . Paul McCartney,John Lennon.and a very old pair , Bob Hope.and Charley Chaplin,but they later became citizens.
there are many many more.
When I lived in England the rich got hammered real bad , but me ?
I got taxed about the price a pack of cigs.
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Jerry Eichenberger
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Re: National Sales Tax?
Reply #40 - 12/15/10 at 14:37:45
 
Mick -

We all have to remember that even if they ride mtorocycles, there are not enough of the super rich, like Zeta Jones or McCartney to make a dent in the national debt even if they were taxed at 100%.

Soaking the rich is politically popular, but as the UK found out, it only drives them away, and matters not a whit in the big picture.

There just aren't enough of them to matter.
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mick
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Re: National Sales Tax?
Reply #41 - 12/15/10 at 14:39:48
 
Odd just yesterday on this very column there was a message from a moderator that said everything should be M/C related ,where did it go ?
very mysterious.
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Re: National Sales Tax?
Reply #42 - 12/15/10 at 15:19:44
 
Jerry Eichenberger wrote on 12/15/10 at 14:37:45:
Mick -

We all have to remember that even if they ride mtorocycles, there are not enough of the super rich, like Zeta Jones or McCartney to make a dent in the national debt even if they were taxed at 100%.

Soaking the rich is politically popular, but as the UK found out, it only drives them away, and matters not a whit in the big picture.

There just aren't enough of them to matter.


so, this only works one way then right? there's not enough of them to matter to tax to get out of debt, but there's enough of them to matter to give tax breaks too to increase "job growth" ?  

again, my philosophy of the middle and lower classes spend money and the rich collect it  from them is influencing my bias here a bit

potato potato <--- motorcycle noise  
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Re: National Sales Tax?
Reply #43 - 12/15/10 at 15:27:09
 
Jerry Eichenberger wrote on 12/15/10 at 14:37:45:
Mick -

We all have to remember that even if they ride mtorocycles, there are not enough of the super rich, like Zeta Jones or McCartney to make a dent in the national debt even if they were taxed at 100%.

Soaking the rich is politically popular, but as the UK found out, it only drives them away, and matters not a whit in the big picture.

There just aren't enough of them to matter.

It sure mattered in the big picture of 2000-2100, Those rich people just didn't spend enough money to keep the economy going.
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Re: National Sales Tax?
Reply #44 - 12/15/10 at 19:57:29
 
Jerry Eichenberger wrote on 12/15/10 at 14:37:45:
Mick -

We all have to remember that even if they ride mtorocycles, there are not enough of the super rich, like Zeta Jones or McCartney to make a dent in the national debt even if they were taxed at 100%.

Soaking the rich is politically popular, but as the UK found out, it only drives them away, and matters not a whit in the big picture.

There just aren't enough of them to matter.

I'm not sure how many motorcycles they have but the number of US housholds with a net worth of one million or more excluding wealth derived from a primary residence grew 16% last year,according to a new report by Spectrem Group a Chicago based consulting firm.After a 27% decline in the number of millionaires,the number swelled to 7.8
million ,millionaires last year (I bet they love Obama)
And it was an even better  year to be an" ultra high net worth individual" defined as someone with a net worth of 5 millionor more,that population also grew by 17% to 980,000.
American Billionaires  371 way more than any country in the world,
Saudi Arabia has 11, UAE 5, UK was also 11.
just think of the motorcycle we could all by,we could make Jay Leno look like a pauper.
So Jerry you don't think 7.8 million millionaires,will make any difference ? how about the almost one million 5 millionaires ?
371 billionaires.?
I have to ask Jerry which catigory do you represent ?
If you were in the middle with 5 mil ,what kind of motorcycle would you buy ? one for the wife ?
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« Last Edit: 12/15/10 at 23:31:53 by mick »  

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