Also fairness..
a man makes 10,000 a year..thats not even enough to live on very well at all in the US. he spends...100% of his income...he does not have the benefit of savings, he is poor. He pays 28% of his income to taxes...leaving him with now just above 7,000 real income to live on.
Man B, makes 100,000 a year...he saves 20,000 a year....he pays taxes only on 80,000 now..54,400 a year spending cash he has now...so his percent of income taxes as a percent is lower then that of a guy who can barley pay for food and rent...
now you take a man like warren Buffet...he under the current system pays about 17% tax...( average of richest 400 Americans in 2006) Do you think the sales tax would make them pay higher? if so, why do you hate the job creators...when you say raise the max tax rate under the current system its class warfare and your a commie...so why is it all of the sudden Flat tax and sales taxers claim that..they also claim that the reason this system would work better it would stop those who don't pay enough in taxes...
Think about this..why is it that no other major econ has a sales tax to pay for everything? The US did not become the worlds biggest supper power with a sales tax.
but if you want a system where your big mac meal at McD's now cost 9 bucks, and a 30,000 car costs 39000, a new home costs not 200,000 but 256,000 ( Also every homeowner in the US can know there housing costs just went up, as you can't deduct a mortgage anymore)
Speaking of Mortgage Deductions...if your really really sick...no more writing off medical bills...you get to pay 28% tax on your medical bills...also your Medical insurance...
Also whats the Budget next year for the US...Just guess at what people may or may not spend and hope your right? Hope when you budget nothing bad happens that throws off your guess? something that could be really bad and maybe even slow spending a lot? Well if it does you can be happy to know that the worse it gets, the less money the goverment will have to deal with the problem...
