Friday, February 26, 2010

My answer to taxes...

Ask any one person about the ten most things that they dislike about America and I can guruantee that paying taxes is in the top five; right after the malice feelings towards congress. Well, after much thought I have decided that federal income taxes as they are now are unfair and un-American. In truth, all taxes I feel are un-American, but realize that they are a necessary evil.
However, if this new means of taxation passed, we would see the elimination of the IRS (for the most part) and major down sizing of other government entities. Here is my idea: Instead of having to pay taxes from each pay check, you now would pay based on how much you spend. That's right, after much thought and research, I think that a federal tax on spending is fair and would be efficient.
Take for instance that last year consumer spending alone was 8.5 thousand billion dollars (8.5 trillion), from which the majority of this money is taxable as current law is written.Now if you apply a .03 percent to ever dollar spent the federal government would be able to collect 2.5 trillion dollars annually. This would cover the current government expidentures and money collected from income taxes in 2009. According to the Heritage Foundation's website total tax revenue for 2009 is expeccted to be around 2.14 trillion dollars, and will contiue to grow unless major change takes place.
Many opponents of this type of taxation will argue that consumer spending would decrese because people, especially poor people, will spend less as a result of the increase taxation. True, to a point. As it stands now, over 25 states have a sales tax and many of these states poor purchase goods. If you are concerned for the poor population than grocery purchases could be excluded with a .005 increase in the federal sales tax on other goods.
Like I mentioned before this would create a equal standing for the population as a whole and the middle class would not be hit the hardest with income tax expenditures like we are currently seeing. In my opinion it is unethical to tax the population on a scale based on your yearly income. The federal government seems to have forgotten that 100,000 does not spread as far as it did two decades ago, and taxing 30% of the middle class income, because they are considered the 1% of the wealthiest Americans is wrong. Not only wrong, but immoral; especially seeing how the federal government has other means of creating tax revenue that is equal across the population base.
Another argument for many would be tax returns, here is where a somewhat liberal idea will be put forth. As we all know you must please liberals to get something passed in congress, since the majority are babies. To please liberals I would suggest that anyone making under 50,000 per year receive some type of tax rebate. How to determine this amount would be open to debate.
The second method I am for is the flat tax, which would create a tax base that has a ceiling for all of the population. Just to recap, after much thought and consideration a federal sales tax, I feel be the best means and equally means of taxation. This would allow the removal of taxes needing to be taken away in your montly paycheck and allow you to take the money home to spend it on consumer goods. For businesses I will follow-up after some more research.

Tuesday, February 23, 2010

Haven't done what I wanted to do

Because of unexpected problems with the involvement required for my classes this semster I have not posted about the items that I wanted to. I feel that many of the issues to which I feel strong about will have to wait as receiving good grades this semster is more important to me, right noe. I hope after mid-terms things will begin to quiet down and I will be able to post about some of the issues I want to discuss.

But on another note. Today I read that Romney and Palin have both backed McCain for reelection in the the Senate. Romney stated, that he can not image the US Senate without McCain. Well, Romney, that is just the problem many Americans have, people, like you, have problems imagining a better future for America. You sir, have lost my vote for the 2012 presidental election; as have you Sarah Palin for backing McCain too. I really thought you two believed in conservatism. Boy, how wrong I was. Here is the link. http://news.yahoo.com/s/ap/20100223/ap_on_el_se/us_romney_mccain