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CaptainCrunch · 07-30-2011, 03:57 PM

I still thing that the American's are really going to have to consider a consumer tax to get them out of this box, and its got to be in the 7 to 10% range. There are what 320 million people in the states right now, I could look it up but I'm feeling lazy today.

But if the average person spent $1000.00 on luxury goods which lead to $100.00 in average taxation x $320,000,000 would equal $320,000,000. I also like the idea of a flat no exemption tax of 20% of income with no tax loops or shelters allowed. then everyone could pay their fair share based on income percentage, of course you would have to set a 0 tax floor.

The average personal income in the states in 2010 was $40,000.00 so your income tax would be $8,000.00, right now the number of people working in the U.S. was 64% for 2010, so out of 320,000,000 would be 208,000,000 with an average income tax of $8,000,000 you would have a tax income of $1,664,000,000,000.00

If you look at 2007 which was the latest I could find the U.S. under its current system was $1.3 trillion. Plus you could save money by cutting back the IRS because you would have a 1 page basically two line return. How much did you earn, how much did your company take from your paycheck?

The real hole in revenue generation is really based around corporate taxation, looking again at 2008 the U.S. collected $395,000,000,000.00 in corporate taxes, that should be far higher, and should be almost equal to what they could collect on personal income tax.

(BTW going to the IRS site and looking up the states, there isn't a huge difference between 2007 and last year in terms of tax dollars collected.

Even if these measures were temporary especially on the corporate taxes it might make a world of difference.

In 2011

The United States government collected

Total Direct revenue $4,500,000,000,000
Total Income Tax $1,600,000,000,000
Social Insurance $900,000,000,000
fees $400,000,000,000
Business and other $600,000,000,000

Total $8,000,000,000,000

If you could increase corporate taxes to trillion from 600,000,000,000
And added the federal sales tax which would equal 320,000,000,000

You suddenly add another roughly billion dollars to the budget that could service the debt, with the flat tax of 20% you could actually reduce the tax burden on the middle class and lower class.

You could cut a lot of federal bureaucracy which would start you on the way towards cutting trillions off of spending which they have to do.

The spendings out of whack, but the tax collection is equally silly, too complicated and has too many loop holes.

Of course I've been taking pain killers all day so this is all probably insane ramblings.

07-30-2011, 03:57 PM	#256
CaptainCrunch Norm! Join Date: Jun 2002 Exp:	I still thing that the American's are really going to have to consider a consumer tax to get them out of this box, and its got to be in the 7 to 10% range. There are what 320 million people in the states right now, I could look it up but I'm feeling lazy today. But if the average person spent $1000.00 on luxury goods which lead to $100.00 in average taxation x $320,000,000 would equal $320,000,000. I also like the idea of a flat no exemption tax of 20% of income with no tax loops or shelters allowed. then everyone could pay their fair share based on income percentage, of course you would have to set a 0 tax floor. The average personal income in the states in 2010 was $40,000.00 so your income tax would be $8,000.00, right now the number of people working in the U.S. was 64% for 2010, so out of 320,000,000 would be 208,000,000 with an average income tax of $8,000,000 you would have a tax income of $1,664,000,000,000.00 If you look at 2007 which was the latest I could find the U.S. under its current system was $1.3 trillion. Plus you could save money by cutting back the IRS because you would have a 1 page basically two line return. How much did you earn, how much did your company take from your paycheck? The real hole in revenue generation is really based around corporate taxation, looking again at 2008 the U.S. collected $395,000,000,000.00 in corporate taxes, that should be far higher, and should be almost equal to what they could collect on personal income tax. (BTW going to the IRS site and looking up the states, there isn't a huge difference between 2007 and last year in terms of tax dollars collected. Even if these measures were temporary especially on the corporate taxes it might make a world of difference. In 2011 The United States government collected Total Direct revenue $4,500,000,000,000 Total Income Tax $1,600,000,000,000 Social Insurance $900,000,000,000 fees $400,000,000,000 Business and other $600,000,000,000 Total $8,000,000,000,000 If you could increase corporate taxes to trillion from 600,000,000,000 And added the federal sales tax which would equal 320,000,000,000 You suddenly add another roughly billion dollars to the budget that could service the debt, with the flat tax of 20% you could actually reduce the tax burden on the middle class and lower class. You could cut a lot of federal bureaucracy which would start you on the way towards cutting trillions off of spending which they have to do. The spendings out of whack, but the tax collection is equally silly, too complicated and has too many loop holes. Of course I've been taking pain killers all day so this is all probably insane ramblings. __________________ My name is Ozymandias, King of Kings; Look on my Works, ye Mighty, and despair!