2 ms·

Isn't this really a problem of corporate/investment taxes so low (and full of loopholes) and taxes on everyone else so high? For the average person once you ad

Isn't this really a problem of corporate/investment taxes so low (and full of loopholes) and taxes on everyone else so high? For the average person once you add up federal income tax, state income tax, social security, medicare, medical, sales tax, gas tax and all the other government fees we end up paying its like 50% of your income going to the government. We could essentially double most of the countries pay overnight which would have a stimulating effect on the economy as a whole creating more consumers for more products and thus more jobs and more returns on investments.

gmac 13y ago
By eliminating all personal taxes? Yeah, easy win ... Unless you like crimes to be punished, fires to be put out, kids to be educated, people not to be dying of poverty, and oh, a couple of other things.
- ahomescu1 13y ago
  A lot of those are currently funded (in the US) from local taxes: property and sales tax (at least that's how it is where I live, in a California county). School, police and fire departments are locally-funded. Getting rid of income taxes would not impact these. (EDIT: the GP was proposing abolition of all personal taxes, but the one that comes up the most in discussions is the personal income tax; we could just eliminate that one).
  - mikeyouse 13y ago
    For the record, ~10% of California's K-12 budget comes from Federal funds, $5.5 Billion in 2009.[1] The Feds pay hundreds of millions per year in grants to local Police forces[2] and similarly large amounts to firefighters.[3] [1] - http://www.cbp.org/pdfs/2009/090202_SFF_HowSchoolsGetTheirMoney.pdf http://www.cbp.org/pdfs/2009/090202_SFF_HowSchoolsGetTheirMo... [2] - http://www.cops.usdoj.gov/Default.asp?Item=2367 http://www.cops.usdoj.gov/Default.asp?Item=2367 [3] - http://www.fema.gov/welcome-assistance-firefighters-grant-program http://www.fema.gov/welcome-assistance-firefighters-grant-pr...

gmac 13y ago

By eliminating all personal taxes? Yeah, easy win ... Unless you like crimes to be punished, fires to be put out, kids to be educated, people not to be dying of poverty, and oh, a couple of other things.

ahomescu1 13y ago
A lot of those are currently funded (in the US) from local taxes: property and sales tax (at least that's how it is where I live, in a California county). School, police and fire departments are locally-funded. Getting rid of income taxes would not impact these. (EDIT: the GP was proposing abolition of all personal taxes, but the one that comes up the most in discussions is the personal income tax; we could just eliminate that one).
- mikeyouse 13y ago
  For the record, ~10% of California's K-12 budget comes from Federal funds, $5.5 Billion in 2009.[1] The Feds pay hundreds of millions per year in grants to local Police forces[2] and similarly large amounts to firefighters.[3] [1] - http://www.cbp.org/pdfs/2009/090202_SFF_HowSchoolsGetTheirMoney.pdf http://www.cbp.org/pdfs/2009/090202_SFF_HowSchoolsGetTheirMo... [2] - http://www.cops.usdoj.gov/Default.asp?Item=2367 http://www.cops.usdoj.gov/Default.asp?Item=2367 [3] - http://www.fema.gov/welcome-assistance-firefighters-grant-program http://www.fema.gov/welcome-assistance-firefighters-grant-pr...