20/20 show this Friday

[Zundfolge]

How will you fund a 1.7 trillion dollar budget with 104.5 billion dollars? You are talking in terms of cutting the entire federal budget by over 83%. That would hardly fund the military.

First off, the elimination of the federal income tax would cause the US economy to EXPLODE! so the taxes taken in by a 1% sales tax would be at least twice the $104.5 Billion estimate. At any rate, I figured 1% because thats what Moparmike asked about.

I wouldn't want to see it more then 5% however (because of the addition of state sales taxes)

 

[jimpeel]

7.62FullMetalJacket

7% is workable. Add the 5,6,7,8% local/state and it ends up at no more than 15%.

BINGO!

 

[7.62FullMetalJacket]

Be it resolved, therefore, that the 16th Amendment is hereby repealed.

It is further resolved that the IRS be disbanded.

Finally, citizens are placed on notice that they will no longer be supported by the government.

PS. All you self-reliant types are free to live your life.

 

[jimpeel]

First off, the elimination of the federal income tax would cause the US economy to EXPLODE! so the taxes taken in by a 1% sales tax would be at least twice the $104.5 Billion estimate. At any rate, I figured 1% because thats what Moparmike asked about.

You are still talking about a 209 billion dollar budget to replace a 1.7 trillion dollar budget. The reduction of the budget is still in excess of 81%.

I wouldn't want to see it more then 5% however (because of the addition of state sales taxes)

As pointed out by 7.62FMJ, the total tax, including sales taxes would be in the realm of 15% which is the target percentage of those who favor a federal flat tax. With state sales taxes, that would place the total tax in the realm of 23%.

If the consumption tax were set at 7% and the necessities of life -- food, utilities, and shelter -- were exempted 7% would be a more than reasonable figure.

 

[RVSinOK]

Wow! Interesting how this thread went from "the 20/20 piece was an awesome boost for the RKBA cause" to an argument about how much tax is appropriate.

Never a dull moment here!

 

[jimpeel]

Taxes were a part of the 20/20 show as was DDT which has also been discussed here. It is a valid civil rights issue that affects us all -- especially those of us who would better use that money to enhance our firearms collection.

We are simply a diverse bunch of firearms nuts.

 

[7.62FullMetalJacket]

Guns protect freedom

Money allows us to exercise that freedom.

 

[Zundfolge]

If the consumption tax were set at 7% and the necessities of life -- food, utilities, and shelter -- were exempted 7% would be a more than reasonable figure.

Okay, I'll buy that (especially if necessities are exempt ... like here in Colorado where groceries are exempt from state sales tax).



There ... we solved the problem (too bad nobody who makes these decisions will listen )

Guns protect freedom

Money allows us to exercise that freedom.

And DDT allows us to exercise our freedoms without being bothered by mosquitos (and avoiding malaria too)

 

[7.62FullMetalJacket]

Back at ya

I'm a downwinder. We have a nuclear monitoring stations at the schools so that the sheeple are happy that they are no longer testing nukes in NV.

BTW. They tax food in Utah. Odd. Mormon families are...ummm....large.

 

[jimpeel]

Zundfolge

like here in Colorado where groceries are exempt from state sales tax).

Not so in Longmont. They tax food to repair the roads.

I called in to Mike Rosen's show (KOA Denver) when the governor was on and asked him why cities like Longmont, which has 26 gas stations with their attendant state gas taxes, are having to tax food to repair the roads. I told him that we used to ask "Where's the money, Roy?" but now it is "Where's the money, Bill?".

Long story short, we got nowhere.

 

[pax]

Closed because of extreme thread veer. It's no longer a good thread for General, and because the title doesn't match the thread it would just confuse everyone if it were moved to L&P.

If you'd like to continue this excellent discussion, please feel free to open a new thread in Legal & Political.

pax