Cellos88GT
Well-Known Member
Do we have a thread regarding taxes in the US? I think it would be an interesting one to have...
Do we have a thread regarding taxes in the US? I think it would be an interesting one to have...
Government spends X gets tax revenue of Y has to borrow Y - X to fund the gap but the interest payments go into next years X. ? So the X gets bigger. Result misery, or 2008 and onward. Something has to be done world wide I think, the South Americans have a good way of dealing with the problem, they renege on the obligations and start again.
Wouldn't that just be 200 pages of people saying "Introducing higher taxes = Communism"?
The argument against a flat tax is usually that it is unfair to low income people who currently pay no (or very little) federal tax. A VAT type tax or flat would result in a large tax increase for these people, who are the ones who can afford it least.
No. Half of it would probably be me and British_Rover contradicting it and one third would be me questioning the intellect of anyone who call Eisenhover era tax levels 'communism'.Wouldn't that just be 200 pages of people saying "Introducing higher taxes = Communism"?
Doesn't sound too bad, now does it?