Naw, i disagree with too many things from Cam to have him run with me. not happening.
The problem with the tax code IS the tax code.
It's really that simple. By eliminating it, it eliminates all the loop holes.
a 10% national sales tax will solve everything.
2% to local, 4% to state, 4% to fed
If a state doesn't want or need to collect, they can bypass those 2 or 4%'s, but won't be able to impose any of the following either, so should:
no federal income tax
no state income tax
no cap gains tax
no excise tax
no alcohol/cigareete/gasoline/etc taxes beyond the 10%. A good is a good.
no need for towns/states/etc to offer 'tax credits' to business, as there's nothing in the first place.
no residential property tax
no nothing that is a tax on money or property, just on purchased goods and services.
a VAT on imports is a bad idea IMO..... at least for now. Since there's still nothing made here, all it will do is empty our pockets to pay more for the same items currently available for cheaper, and still not bring industry back as no one will be buying in the first place.
A gov't start needs to change that... something like the X prize format. First one to make X wins $100million, etc. Without it, it's the chicken and the egg circle.
Farm subsidies need to stop/be reformed. Farming corn is not profitable . Yet, it's the #1 crop because the govt pays out for every hectare harvested. The rest of farming is barely profitable either. It's become too corporate and the little guy who actually grows real food can't compete. As a result, our food costs are currently fairly low. But, it's shit food. The corn isn't even edible by humans in most cases.
Eat beef raised on free range grass vs corn-fed, and you'll tell the difference right away.
That's a problem. And with the removal of excess corn, we can return our food to being good and healthy again as it trickles down. I don't even want to get into corn syrup here...
The rich will pay more, due to their lifestyle choices (ie, payless $10 vs uber $40,000 shoes) taxed at the same 10%. The rich will pay more in tax based off the goods of choice.
Items like bread.milk, eggs, etc that are not currently taxed can still be exempt.
And the only ones who are really against this are the democracks, because they say it's regressive... because a family of 5 making 40k currently gets money back from the IRS above what they paid out for simply having kids every year.
When an average item only goes up a few bucks (figure most places have a 6-8% sales tax already), it will be of little impact to the middle class.
And, finally, we get to tax the bar tenders, the hookers, the drug dealers, the corporate big wig with off shore accounts, and everyone else who has been scamming the income tax system since it was invented.
A common rebuttal is this will push for more under the table jobs. And you're right-- it will. But even with that scale of jobs written off as a loss, the system will still rake in more money than anything we have now, all without killing any one group of people who actually work for their money, even if its above 200,00 a year.
There are a few other downfalls.. -h&r block will no longer exist as it won't be needed... cpa's will become obsolete for everything but the basics of payroll or purchase order/etc management.
But that short term loss is worth the long tern gain of revenue stream and reduction in fraud levels.