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Taxation

Interesting idea on taxation based on consumption.
Governments would still have a fairly good idea on revenue flows.
A persone should only be taxed once if at all. You shouldn't earn it get taxed,. Spend it , get taxed. Invest it, get taxed on earnings. Save it, get taxed on dividends. Decide to sell something you have bought like a boat or a car or a house and ... pay tax on it.
One tax , one time and that's all.


Added: Aug-19-2012 Occurred On: Aug-19-2012
By: givemeadamnname
In:
Politics
Tags: taxation, taxes, government, money, irs
Location: Namibia (load item map)
Views: 1087 | Comments: 20 | Votes: 1 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • He does make a point. Our money is taxed so many times it would appear absurd to anyone from the outside looking in.

    Posted Aug-19-2012 By 

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  • Like the Star Wars movie, how many times can you make money on the same damn thing?

    I bought my house at fair market price with cash, and paid taxes on it during the purchase. No mortgage, no loans. Six years later, I am still paying taxes on that same house every year. Pretty soon, I will have paid more taxes than what the house is worth.

    If I would lose my job or get sick, and can't pay the annual taxes, the government will take my house from from me, regardless of my health or job status. More..

    Posted Aug-19-2012 By 

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  • Jess, you're a smart guy. Problem is you're trapped in your pro-wrestler persona which ruins your credibility. Lose the sunglasses, pony tale, macho-man voice and black-on-black wardrobe and more people will take you seriously.

    Posted Aug-19-2012 By 

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    • @wellybub I agree with what your saying. Unfortunately, the people that need to listen to Ventura are that stupid. So for the sake of getting his message across, it might be worth it.

      Posted Aug-19-2012 By 

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  • I like this idea, problem is, it would never pass. Especially with more than 1/2 of people NOT paying taxes. I would be interested to see what the nationaly sales tax would have to be in order sustain our spenders in DC.

    Posted Aug-19-2012 By 

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    • @gammyland - There is a simple solution for the problem of poor people paying more taxes.

      Simple explanation: They could get a card that gives them a sales tax credit. It would work like an ATM/Credit card, except that it only applies to the tax portion of the transaction. whenever they buy something, the sales tax would be deducted from the card. The card is reloaded each month and the card has no cash value, and the tax credits do not roll over.

      Posted Aug-19-2012 By 

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  • It's called the "Fair Tax Act". http://en.wikipedia.org/wiki/FairTax

    Posted Aug-19-2012 By 

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  • Comment of user 'wellybub' has been deleted by author (after account deletion)!
    • @wellybub The answer is yes. It is beyond your scope in just the first 5 minutes of understanding. Read more here.. http://en.wikipedia.org/wiki/FairTax

      Posted Aug-19-2012 By 

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  • but,this is how they have been duping the sheeple into thinking they are not paying as much tax as they really are,history shows when a government taxes above x % there has always been a revolt,if you factor all these taxes in,(which by the way,all these taxes didn't exist 100 years ago),we have passed that point long ago,keep letting them politicians write laws(that's not their job people),40k new laws went into effect on 1.1.2012,how many are you aware of?if 'we the people' think a new law is More..

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  • Kinda dug the message on spending based taxation.. but decent message..HORRIBLE messenger..dude, shades during the interview? usually the move of an alcoholic or a douche..either way, not the best look..

    Posted Aug-19-2012 By 

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  • too much common sense ...he must be label crazy ASAP !!

    Posted Aug-20-2012 By 

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