Friday, 27 March 2020

fair tax act?

Imogene Neiswander: I think that it is a great idea. I for one would like to keep what I earn and be taxed when I spend it as opposed to the current system where we are taxed when we earn, when we spend, when someone dies, etc. I have heard arguments from both sides for and against it, but I am still for it.

Idell Dufort: Consumption taxes are generally regressive - ie the poor (those lease able to afford it) end up paying a larger percentage of their income on taxes than do the rich (who are more capable of paying). While some level of consumption tax is workable as a part of a larger tax system, and system that seeks to make sales taxes as the primary tax cannot, in all truthfulness, be defined as 'fair'.

Alexis Reyer: i individually experience that our modern tax regulations in the U. S. are against each little thing that the founding fathers fought for. No Taxation without representation...whilst replaced into the final time a center type individual mad! e it to Capitol Hill? Politicians who cheat on their taxes are the backside style of pond scum and would sit down in penitentiary for 35 years (a minimum of)...we will not in any respect see the honest/ Flat Tax because of the fact DC is basically too corrupt to ever have such an honest and honest style of taxation....Show more

Dexter Dicostanzo: It is a great ideology of how to do taxes. However it would dramatically shift who is paying the taxes. That is the only downside that is impossible to avoid. If the rebate amount were to change depending on your income, I would be a support this legislation. Otherwise there is no way to stop the legislation from unintentionally doing a great amount of harm to the middle class. In other words, it isn't flexible enough to avoid potential problems....Show more

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