 amarryatVerizon FiOS
join:2005-05-02
Marshfield, MA
 ·Verizon FiOS
| reply to GetReal
Re: Worth repeating - corporations don't pay taxes-customers do said by GetReal :If the corporation has already paid taxes on its profits, the shareholders shouldn't have to pay taxes again on that same money and vice versa.
I dream of that day. By extension, then all money should be taxed once and only once. However it is taxed again and again in the current system. When I get paid, I also pay taxes. When I pay someone to mow the lawn, they pay taxes on the money that I paid them, which was already taxed. And on and on..... |
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| said by amarryat:I dream of that day. By extension, then all money should be taxed once and only once. However it is taxed again and again in the current system. When I get paid, I also pay taxes. When I pay someone to mow the lawn, they pay taxes on the money that I paid them, which was already taxed. And on and on..... I don't know how that would work though... You would eventually end up at a point where nothing would be taxed because the money has flowed through the economy a couple of times.
There is no simple solution to an issue like taxation. |
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amarryatVerizon FiOS
join:2005-05-02
Marshfield, MA Reviews:
·Verizon FiOS
| said by GetReal :said by amarryat:I dream of that day. By extension, then all money should be taxed once and only once. However it is taxed again and again in the current system. When I get paid, I also pay taxes. When I pay someone to mow the lawn, they pay taxes on the money that I paid them, which was already taxed. And on and on..... I don't know how that would work though... You would eventually end up at a point where nothing would be taxed because the money has flowed through the economy a couple of times. There is no simple solution to an issue like taxation. Maybe a consumption tax, but to prevent re-taxation, only on the end product. |
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dplantz
join:2000-08-02
Roslindale, MA | The FairTax does just that taxes once and is a consumption tax. »www.fairtax.org. Gaining more support and more co sponsors each year. I like it. |
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CXM_SplicerLooking at the bigger picturePremium
join:2011-08-11
NYC
kudos:1 Reviews:
·Verizon FiOS
| I was not able to find a single negative consequence on that website!! Is this a perfect tax plan? Any real look at an alternative system should put forth its negatives in addition to its positives.
Please explain how this FairTax derives income from bartering.
How does this system generate revenue from money spent overseas?
Does this system encourage big business to spend more or to spend less? |
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