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Re: DesertDrifter post# 86212

Monday, 10/14/2013 3:38:11 PM

Monday, October 14, 2013 3:38:11 PM

Post# of 122337
They have SS numbers on everyone, so having EXEMPTIONS, as I did say, corrects that problem. With a FLAT exemption amount PER PERSON for housing, food, health insurance, gas, it would spare taxes on the truly needy, not bury the middle class, and only give a nominal exemption to the truly rich -- almost meaningless. The rich would be exempt from up to ONE $500,000 home for example, and all their other homes would be taxed. All their travel would be taxed. All their cars and toys and stuff would be taxed. See how that works? Your solution does nothing to capture taxes on the illegals in the country and all of the illegal businesses. Plus, there actually are middle class investors, believe it or not, who would be hurt terribly, especially retired ones, by taxing capital gains at high levels. I'd be all for taxing capital gains if it was progressive by income from those gains. Say, if your capital gains are under $400,000 then the 15% is fine. 20% for $400K - $700K. 25% for $700K-$1M. 30% from $1M - $3M. $35% from $3M-$5M. And so on, until those making the insane amounts, like $50-300 million in income get taxed at 50% or even 60%. It won't happen because those in control are those making the big bucks, and since our own gov't runs a ton of the illegal businesses, that's just another reason you will never see this simple sales tax solution either.

Again, why does everyone on this board give a complete pass to the Democrats in DC? They take the same millions from taxpayers for their cooks, dog trainers, chauffeurs, 1st class travel, 18 interns, etc., but you give them a pass. WHY? All of Congress should have term limits because they are ALL takers and scum.

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