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Old 10-06-2012, 08:43   #1
Ruble Noon
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Republican roadmap to an 8.5% vat

http://roadmap.republicans.budget.ho...deraltaxreform
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Old 10-06-2012, 09:00   #2
JBnTX
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Are you in favor or against a 8.5% VAT?
I'm curious as to your opinion?

I would favor it as long as it completely replaces the current income tax system and does not just add another tax.
And under the restriction that it doesn't gradually increase over time.

No exemptions, no loopholes.
You spend the money, you pay the tax.

..

Last edited by JBnTX; 10-06-2012 at 09:02..
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Old 10-06-2012, 09:09   #3
Ruble Noon
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Quote:
Originally Posted by JBnTX View Post
Are you in favor or against a 8.5% VAT?
I'm curious as to your opinion?

I would favor it as long as it completely replaces the current income tax system and does not just add another tax.
And under the restriction that it doesn't gradually increase over time.

No exemptions, no loopholes.
You spend the money, you pay the tax.

..
I'm in favor of the Fair Tax. http://www.fairtax.org/site/PageServ...owFairTaxWorks

However, the Republicans want to add a vat to the income tax, which I am in no way in favor of.
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Old 10-06-2012, 09:17   #4
JBnTX
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Quote:
Originally Posted by Ruble Noon View Post

However, the Republicans want to add a vat to the income tax, which I am in no way in favor of.
I would not be in favor of that either.

A Fair Tax would be acceptable, but it too must replace the current taxes,
not add to them.

If the government can't function on that amount of money, then government is too big and needs to shrink.

Last edited by JBnTX; 10-06-2012 at 09:18..
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Old 10-06-2012, 09:18   #5
GAFinch
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As a replacement for the complete elimination of corporate income taxes? A highly simplified tax code for individuals? Looks promising to me. Raising sales taxes in the future is no different than raising income taxes or capital gains taxes.
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Old 10-06-2012, 09:30   #6
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As others have noted -- a fair tax as a replacement to the income tax is an option to which I would give due consideration.


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Old 10-06-2012, 10:51   #7
maxsnafu
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Quote:
Originally Posted by JBnTX View Post
Are you in favor or against a 8.5% VAT?
I'm curious as to your opinion?

I would favor it as long as it completely replaces the current income tax system and does not just add another tax.
And under the restriction that it doesn't gradually increase over time.

No exemptions, no loopholes.
You spend the money, you pay the tax.

..
Short of a constitutional amendment I know of no way to prevent future congresses from increasing the VAT or any other tax. Thinking an increase can be legislated against is the triumph of hope over experience.
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Old 10-06-2012, 10:51   #8
G29Reload
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Quote:
Originally Posted by Ruble Noon View Post

However, the Republicans want
Oh, so you're speaking for all republicans now, are you?

No, we're not.
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Old 10-06-2012, 13:00   #9
CitizenOfDreams
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Does anyone here seriously think the VAT would replace the existing taxes instead of being added to them? When was the last time a federal tax was repealed (see answer below)?

















Answer: in 2006. It was the federal excise tax on long distance calls, imposed in 1898 to help fund the Spanish-American War.
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Old 10-06-2012, 13:04   #10
CitizenOfDreams
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Quote:
Originally Posted by G29Reload View Post
Oh, so you're speaking for all republicans now, are you?

No, we're not.
Those Republicans who make the decisions do. The rest of you is may "want" whatever you like, it does not matter much.
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