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Scrap the income tax! [message #150537]

Wed, 20 April 2005 07:23

Hydra
Messages: 827
Registered: September 2003
Location: Atlanta, GA

Karma:

Colonel

SEAL

Seems like a pretty dumb idea...

That's because you didn't bother to read the whole thread.

Quote:

Under the current system, I don't make enough to have to file taxes (I'm a high school student). When I go to buy a bag of chips, I only pay $1.00. Under the new system, I would have to pay $1.26 for that same bag of chips

Wrong.

All retail items currently bought and sold in the United States have an embedded tax included in their price, sometimes consisting of as much as 35% of the total price. This embedded tax would be eliminated as income taxes on businesses are completely eliminated and businesses are not forced to raise their price to compensate all the payroll taxes, corporate income taxes, and the myriad of other income taxes they have to pay to the government.

The overall prices of the products go down.

The price of that $1.00 item you bought would in some cases not change; in other cases, it might cost you even less when the embedded tax is removed.

Had you read my three previous posts in this thread or the website to which I linked everyone in the first post of this thread, you'd've known that.

Walter Keith Koester: September 22, 1962 - March 15, 2005
God be with you, Uncle Wally.

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[Message index]

		Scrap the income tax! By: Hydra on Wed, 25 August 2004 16:33
		Scrap the income tax! By: Crimson on Wed, 25 August 2004 16:46
		Scrap the income tax! By: SuperFlyingEngi on Wed, 25 August 2004 17:04
		Scrap the income tax! By: Hydra on Wed, 25 August 2004 17:28
		Scrap the income tax! By: SuperFlyingEngi on Wed, 25 August 2004 17:36
		Scrap the income tax! By: Hydra on Wed, 25 August 2004 17:45
		Scrap the income tax! By: SuperFlyingEngi on Wed, 25 August 2004 17:47
		Scrap the income tax! By: Hydra on Wed, 25 August 2004 17:58
		Scrap the income tax! By: SuperFlyingEngi on Wed, 25 August 2004 18:04
		Scrap the income tax! By: NukeIt15 on Wed, 25 August 2004 18:53
		Scrap the income tax! By: Hydra on Wed, 25 August 2004 19:35
		Scrap the income tax! By: NHJ BV on Thu, 26 August 2004 03:26
		Scrap the income tax! By: ViperFUD on Thu, 26 August 2004 04:51
		Scrap the income tax! By: Hydra on Sat, 16 April 2005 20:31
		Scrap the income tax! By: Jecht on Sat, 16 April 2005 21:02
		Scrap the income tax! By: msgtpain on Sat, 16 April 2005 21:09
		Scrap the income tax! By: Hydra on Sat, 16 April 2005 21:17
		Scrap the income tax! By: IRON FART on Sat, 16 April 2005 23:01
		Scrap the income tax! By: Doitle on Sat, 16 April 2005 23:01
		Scrap the income tax! By: cheesesoda on Sat, 16 April 2005 23:12
		Scrap the income tax! By: Jecht on Sun, 17 April 2005 09:48
		Scrap the income tax! By: Crimson on Sun, 17 April 2005 14:53
		Scrap the income tax! By: IRON FART on Sun, 17 April 2005 15:31
		Scrap the income tax! By: msgtpain on Sun, 17 April 2005 15:53
		Scrap the income tax! By: Hydra on Sun, 17 April 2005 19:27
		Scrap the income tax! By: Crimson on Sun, 17 April 2005 20:17
		Scrap the income tax! By: IRON FART on Sun, 17 April 2005 21:17
		Scrap the income tax! By: msgtpain on Sun, 17 April 2005 22:36
		Scrap the income tax! By: Crimson on Sun, 17 April 2005 23:19
		Scrap the income tax! By: Fabian on Tue, 19 April 2005 05:56
		Scrap the income tax! By: MrBob on Tue, 19 April 2005 07:23
		Scrap the income tax! By: Jecht on Tue, 19 April 2005 07:40
		Scrap the income tax! By: IRON FART on Tue, 19 April 2005 16:59
		Scrap the income tax! By: Hydra on Wed, 20 April 2005 07:23
		Scrap the income tax! By: SuperFlyingEngi on Wed, 20 April 2005 14:04
		Scrap the income tax! By: Jecht on Wed, 20 April 2005 14:25
		Scrap the income tax! By: Crimson on Wed, 20 April 2005 15:36
		Scrap the income tax! By: SuperFlyingEngi on Wed, 20 April 2005 16:16
		Scrap the income tax! By: Hydra on Wed, 20 April 2005 17:16
		Scrap the income tax! By: SuperFlyingEngi on Wed, 20 April 2005 18:18
		Scrap the income tax! By: cheesesoda on Wed, 20 April 2005 18:32
		Scrap the income tax! By: msgtpain on Wed, 20 April 2005 18:38
		Scrap the income tax! By: Crimson on Wed, 20 April 2005 21:47
		Scrap the income tax! By: IRON FART on Thu, 21 April 2005 15:23
		Scrap the income tax! By: Jecht on Thu, 21 April 2005 17:39
		Scrap the income tax! By: Deathgod on Fri, 22 April 2005 15:12
		Scrap the income tax! By: Crimson on Fri, 22 April 2005 19:14
		Scrap the income tax! By: Deathgod on Fri, 22 April 2005 19:33
		Scrap the income tax! By: MrBob on Sun, 24 April 2005 13:20
		Scrap the income tax! By: msgtpain on Sun, 24 April 2005 14:49
		Scrap the income tax! By: warranto on Sun, 24 April 2005 14:56
		Scrap the income tax! By: Crimson on Sun, 24 April 2005 16:47
		Scrap the income tax! By: MrBob on Sun, 24 April 2005 17:34
		Scrap the income tax! By: Hydra on Sun, 24 April 2005 18:28
		Scrap the income tax! By: msgtpain on Sun, 24 April 2005 19:53
		Scrap the income tax! By: Doitle on Mon, 25 April 2005 05:17
		Scrap the income tax! By: Deathgod on Mon, 25 April 2005 16:32
		Scrap the income tax! By: Sir Phoenixx on Mon, 25 April 2005 19:59
		Scrap the income tax! By: msgtpain on Mon, 25 April 2005 20:34
		Scrap the income tax! By: Oblivion165 on Mon, 25 April 2005 22:30
		Scrap the income tax! By: Deathgod on Tue, 26 April 2005 15:59

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