Better get a raise before April 15th

[jfields 0]

Not directed at you, Deuce, just replying to your message.

I know some people that spend way more time and money avoiding taxes than just paying them. The mindset of some wealthy people perplexes me. Martha Stewart got herself into the whole Imclone mess over like $80,000. It cost her millions as her company's stock tanked, and an incalculable amount of damage to her reputation. Dumb.

[Samurai136 0]

Quote

Right now the only way to avoid taxes is to not work. This new scheme allows you to avoid taxes by spending less. Which scheme gives you more options with what to do with _your_ money? Which scheme encourages employment and discourages tax-shelter schemes?

If I am taxed when I spend money (flat sales tax scheme) what exactly am I saving money for? Saved or spent it ultimately gets taxed unless it's never spent. Additionally, if americans spend less money what happens to the economy? It will tank. Untaxed cost of goods will increase plus the flat sales tax...

Ken

"Buttons aren't toys." - Trillian
Ken

[billvon 3,120]

>If I am taxed when I spend money (flat sales tax scheme) what
> exactly am I saving money for?

Because you can make interest on money. The government still gets as much as it did before - you just get to hold onto it a bit longer.

>Additionally, if americans spend less money what happens to the
> economy? It will tank.

Why? You are out exactly the same amount of money. Whether that 30% comes from your income taxes or a sales tax, you have the same purchasing power.

>Untaxed cost of goods will increase plus the
> flat sales tax...

Why would the untaxed cost of goods rise? With a flat tax, no company has any additional pressure to lower their prices.