Did you know that Republicans want to introduce a mandatory 30% tax rate?

[imsoeffinhxc]

This bill would repeal income tax, but add a 30% tax rate on top of what we already pay for goods. Another bill that benefits the rich. The Republicans never disappoint, do they? This is the type of unfair legislation that you are looking at if you vote Republican in November.

Working and middle class Americans do not have a 30% tax rate right now, especially with medical and education deductions. We've already managed to turn this country into a plutocracy by giving corporations too much control. This would just drive the individual and family further into the dirt.

If you are planning on voting Republican, redo your budget based on these specs, and tell me if you make more or less money. This bill actually decreased the amount I make by 5%.

http://www.opencongress.org/bill/111-s296/show
Before answering, please open up Excel and do some math. There is a bare minimum that most of us working people have to buy, and that 30% makes up a much larger portion of our income. Rich people may consume more, but that 30% added on (which is much like the VAT) is a much lower percentage of their overall income; thus, poorer people end up paying more on a percentage basis.
While my taxes were lower last year, I still owed a great deal of money. I don't know why Republicans always claim that liberals don't pay taxes.
Why do some Republicans compare Obama's policies to Europe and call them "socialist" policies, but still use it as a selling point for their own policies?
The Fair Tax = 30% tax rate
HAS ANYONE HERE ACTUALLY DONE THE MATH OR AM I THE ONLY ONE!?

 

[Socrates]

There's something fishy with that 30% number. I've heard 7% thrown around as a number. 30 is ridiculous and makes no sense. Not even the most out-of-touch Democrats promoting a VAT tax are that wacky to propose a 30% rate.

 

[divineintervener]

You mean the Fair Tax? Try reading the bill before posting ignorant drivel. Yes it adds a high federal sales tax but it also give a "Prebate" to every home to cover for the taxes incurred on necessities. The government already tracks how much households spend on necessities. So, it's not a giant leap to use that information to send people money to cover the taxes on those necessary goods.

In other words you pay no taxes on necessities under this bill.

 

[How_Would_I_Know]

Spoken like a true liberal..

Everybody else paying taxes = GOOD!
You paying taxes = BAD!

 

[viablerenewables]

Yes it is high,but if you would cut spending the tax rate would be lower. Maybe if the full public had to carry the cost of the entitlements, maybe they would demand less freebies. All those programs require bureaucrats that get better benefits than the private sector. Even the individuals that are sending their paycheck out of country would have to pay taxes.

 

[Rush is Right]

Most Republicans support the "fair tax"...has any Democrat every read about the fair tax?

http://www.fairtax.org/site/PageServer?pagename=about_main