Have you ever asked a dancer if she files taxes or not?
I'm curious and wondering how many dancers actually file taxes. I feel confident that all those who own a house would be filing taxes but I'm not sure about all the others.
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Amen!!! Bring on the federal consumption tax! I know when I owned my restaurant, I claimed about 45%. Of course this is not true, MR. IRS man. I paid on 100%!!
Yes, I owned a pizza shop with a small eat in area. Mostly we did delivery or take out. My wife is Italian and did the cooking of Italian foods. We also sold subs and I made and cooked the pizzas. We bought it when I was still working, but when I retired at 55, it became a full time job, and I do mean FULL TIME! That is one reason I sold it. I was working more than I did before I retired for a lot less money, ergo, not enough reward for the effort. My advice, be damn sure that is what you wish to do, and it is easier to purchased an established business verses starting from scratch.
Eliminate the federal income tax?? Come on now...a consumption tax is extremely regressive and let's the rich off way, way too easy IMO.
This of course only kinda works. Soon enough, citizens start to think of the $100 bill as worth 100 $1s, not 115 of them (and the same about the $1 bills, too!) and start doing their mental math that way. And there ya go, instant deflation! (Or is it inflation?)
Weimar Germany (IIRC) toyed with this procedure -- paper-bill "instant" taxation -- but look where it got them!
You must be joking, right? If not, I thought liberals were all for "FAIRNESS". So if we all pay the "SAME EQUAL, aka FAIR" 15%, then that becomes "unfair'! Give me a break! The real problem in this country is a COMPLETE lack of economics knowledge! Anyone ever read Walter Williams, or even know of him?
In any case, as we talked about in here some time ago, this discussion as ZERO to do with the SC scene, and therefore, I will end MY participation. I apologize for not ending it sooner.
A sales tax is regressive to the core, as any economist will tell you. It's net impact will be to tax poorer and working class people at a higher effective tax rate. Unless you are Rush Limbaugh (and, yes, I know one of you probably IS Rush Limbaugh), you would have to agree it is idiotic to tax people with less money at a higher tax rate.
A sales tax is also bad economics, because it disrupts and skews economic choices made by consumers, and thus interferes with the proper working of the market. Even the most hardline neoclassical economist should agree that's a bad idea. The sales tax gets kudos from people on the right only because - well, precisely because -- it shifts the tax burden from the wealthy to the working class.
Unfortunately, as it is we already have a regressive tax structure in this country, because payroll taxes are regressive; we already have regressive sales taxes everywhere; property taxes are regressive (because they only tax one narrow form of wealth, that is, housing, which is commonly owned by ordinary people); and the income tax system is so riddled with holes that it is effectively flat.
There was a time in our history when we had a really progressive tax system. It was right after WWII, and it happened to be the period of greatest sustained economic growth with low inflation, and the greatest across the board increases in everyone's standard of living. The experience of my parents' generation -- where large segments of the population went from being poor to being very comfortably middle class -- is the proof that "liberal" economics work. We've had supply side economics since the 70s, and the effects have been disastrous. Slow/low growth rates; stagnant wages (for most working people, real wages have been frozen for 30 years, even with the large increase in two income households and many people working multiple jobs); and an entire economy (at the consumer, business and government levels) groaning under an enormous burden of debt. We have seen American businesses crushed, and American workers whipped. The only people who have benefited from this regime have been the super rich and, of course, banks, who have been raping our economy for decades while we all pay for this debt load.
A flat tax, or replacing the income tax with a sales tax, will only make matters worse. It will starve both workers and governments for cash (and thus will eventually harm businesses, because fewer consumer dollars will be in circulation), and force everyone to borrow more money. Once again banks and the super rich will be the only winners.
I was doing my taxes the other day and thought this might be a good topic of interest to some.
By the way help spread the word if you know of any retirees, vets, or others that might have at least $3,000 in income they can go to irs.gov and see if they qualify for a tax rebate. They will need to file some basic tax information though to get the rebate. A number of tax preparers might be able to help as well.
That is true and the a tax levied that way would be fair to all and certainly would do away with those that (I did) bypass the system buy receiving cash. However that has to do with ANYONE receiving cash, not just dancers. Therefore, I do not consider it a SC topic.
Truth be told, it will not happen in my life time. Most all the power, inside the beltway, would be gone without the tax code as is is today, or even more convoluted!
Enough on this!