BINGO! We have a winner. "What is Income?" Abolish "Income" taxes all
together. It is impossible to be fair when you can't define that which you
are taxing. INSTEAD... tax cash flow. A consumption tax on everything but
food, and at all levels. Every time a company buys something, it pays the
tax, every time you buy something, you pay the tax. Isn't it called a VAT?
Don't want to pay taxes? BUY USED, BUY PRIVATE PARTY, BARTER. States that
balance their budgets just fine without an income tax get their revenue from
property tax and sales tax. Poor people buy less stuff, and cheaper stuff,
so they pay less taxes. Poor people own less stuff, so they pay less
property taxes. Rich people buy expensive stuff, so they would pay more
taxes. Even people who earn their money illegally use that money to buy
STUFF, so tax the STUFF.
David Riker
-----Original Message-----
From: David Lieb
Sent: Friday, March 04, 2011 7:59 AM
To: Spridgets
Subject: Re: [Spridgets] Taxes
As someone mentioned earlier, flat rate taxes sound marvelous, but
what is "income"? If my stocks go up, is that income? If my company
makes a profit, is that income? If my house "value" goes up? If
someone sells a Bugeye for $30,000, does that represent income to me?
As long as the rich dudes are willing to pay fancy lawyers and
accountants instead of the government...
David L
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