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Republican roadmap to an 8.5% vat

Discussion in 'Political Issues' started by Ruble Noon, Oct 6, 2012.


  1. Ruble Noon

    Ruble Noon
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  2. JBnTX

    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.

    ..
     

    #2 JBnTX, Oct 6, 2012
    Last edited: Oct 6, 2012
  3. Ruble Noon

    Ruble Noon
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    I'm in favor of the Fair Tax. http://www.fairtax.org/site/PageServer?pagename=HowFairTaxWorks

    However, the Republicans want to add a vat to the income tax, which I am in no way in favor of.
     
  4. JBnTX

    JBnTX
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    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.
     
    #4 JBnTX, Oct 6, 2012
    Last edited: Oct 6, 2012
  5. GAFinch

    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.
     
  6. JFrame

    JFrame
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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.


    .
     
  7. maxsnafu

    maxsnafu
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    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.
     
  8. G29Reload

    G29Reload
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    Oh, so you're speaking for all republicans now, are you?

    No, we're not.
     
  9. CitizenOfDreams

    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.
     
  10. CitizenOfDreams

    CitizenOfDreams
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    Those Republicans who make the decisions do. The rest of you is may "want" whatever you like, it does not matter much.