Would You Be In Favor Of A 10% National Sales Tax....If.....

[THUNDER HANDS]

The tax rates on people making less than $200,000 were reduced to 12% and those making above $200,000 were increased to 40%?

I think a national sales take IN PLACE OF an income tax is bogus, but if put into effect with a smaller tax rates for lower and middle class taxpayers, it could be effective, provided you increased the rates slightly for those in the upper income bracket.

Thoughts?

[origin1286]

1. As someone entering a potentially lucrative career field...

I know how much hard work it has taken to get to this point, so to punish me for making above $200,000 if I get there...I wouldn't agree with it at all.

Not to mention that someone making $220,000 isn't going to be living exorbitantly larger than someone making $199,999.

Perhaps throw a luxury tax onto certain items (boats, sports cars, 2nd homes, etc)

[aquart]

5. Luxury taxes don't work. Rich have too many dodges.

So you're saying you'd rather see people hungry and in rags than pay a reasonable income tax that won't affect your lifestyle?

Well, that seems fair.

[origin1286]

9. 40% is reasonable?

Give me a break. $80,000 off a $200,000 salary is not reasonable.

[Big Blue Marble]

11. Do you know taxes?

The 40% would be a marginal rate as all rates now.

[aquart]

2. Another way of making the poor pay more than the rich.

Since a far greater percent on non-rich income is spent on necessities and the few luxuries. So in addition to getting into credit card debt for that damned HDTV, now the working class is going to be taxed to the eyebrows for daring to buy it.

Meanwhile the rich guy has a 42-inch one for every bathroom and bigger ones for the rest of the house. Tax, initial price doesn't mean anything to him. He won't be eating peanut butter all month so he can own just one. Ten percent sounds delightful to him. That's because he could be taxed at 50 percent and never feel the slightest pinch.

Steve Forbes proposed a flat tax when he ran for president. Never tried that again.

[Big Blue Marble]

3. All sales taxes are regressive.

Under your plan, the poor and lower middle income citizens who pay either no or hardly any income tax would be paying 10% tax + their state and local sales tax
on their basic needs. State and local governments will fight to prevent a national sales tax, because they will not like the Fed. Gov. messing with their revenue
base. The only part of your plan I like is to raise the tax rate for those with high incomes.

[THUNDER HANDS]

7. well, anyone under $30,000

would be exempt from my plan.

and food would not be subject to the sales tax.

Remember me in November. Vote Quimby!

:)

[Big Blue Marble]

12. One thing that really bothers me about these sales tax plans

is that it penalizes savers and investors. So you have saved for retirement or your kid's college.
Now you will pay another 10% tax on income that was already taxed.
Double taxation, not fair at all.

[dkf]

4. I think employers paying individuals more than $1 million should

be taxed higher.

Now THAT would be incentive.

[RoadRage]

6. No.. bad idea.

The problem with a tax like that - especially a tax of 40% for people who make over $200,000 - is that is a HUGE disparity and it's not fair.

Think about it.. if you make $200,000 in my town (Omaha, NE) you're doing quite well for yourself. However.. if you make $200,000 in San Francisco or NYC.. you're buying groceries, paying the mortgage and MAYBE going out to eat a couple of times a month.

$200,000 is not the same everywhere in this country.. and income taxes in different states currently (try somewhat) to reflect that.

[papau]

8. You have described a "cliff" tax that is unfair and impossible to monitor

[napi21]

10. NO, but I would be willing to pay a 10% NST is it supported national

health care for all!

[RC]

13. That is not a good idea either.

Sales taxes will always hit the poor disproportional harder. Let's instead take the money we save by not having wars, not interfering with and toppling governments, our own and others, not spying on our own citizens and not enforcing asinine rules and laws about what we can have in our carry on and use that money for Nationalize Health Care. The left over money we save by getting the insurance companies out of the health care decision making business can be used to fund our education system. Done correctly we can boot strap ourselves back up to a world power by actually helping people instead of killing them and destroying their countries.
Working for Peace, instead of war & destruction. What a concept, huh? Everybody wins.