Re: US tax structure.

I have been studying the issue of taxes recently.

The Double Irish for instance is known to me, so are a number of other terms and methods.


I have concluded the United States can enjoy a 1% unemployment rate, never suffer a Depression, greatly reduce Recessions, and provide most of what everyone wants with their job (healthcare, vacations, retirement accounts, etc.).

This is no miracle, there is no mojo magical trick.

Quite simply we need a sales tax only.


More on this later however.


The United States shoves industries out with some of the scariest taxation in the world. Many of the Forbes list also use various methods to keep as much money as they can.

To some they are tricks, denying the United States or a State their deserved taxes. Then there are those who point out the industries can leave. There are also those who point out it is a matter of survival for some industries to do so.


What is truly sad is that we ARE driving companies out. We are forcing them to find other places to make their profits sit at, we are forcing them to lobby for tax holidays before they will bring money back.

This is an example: Apple has an ITunes subsidiary outside the United States where as much as 25% of their ITunes money goes to. The location is low taxation. In general the location of the subsidiary is where the good is 'produced' and the only taxes (other than sales tax) applied are from there.

This is also shown with China making most smart phones. Besides low labor costs the taxation for production happens there. Companies then sell the product via a common method... by making it so the locations selling the product own nothing, and the owning principle being where they were made. This skips additional taxes on purchasing and selling. It keeps the high tax area's low revenue to boot.

So a sales tax is the perfect choice. A 10% Corporate tax, a 8% tax on money 'repatriotized' and a sales tax on FINAL SALES of a product would make companies want to shelter money from abroad here, want to produce here, and would prevent some unfairness to boot.

You see a Shopping market cannot use some of these methods, nor can insurance companies (for the most part) or other 'fixed location businesses'.

An income tax still makes some move cash out to shelters while retaining their citizenship.


The rich still buy things, factories, cars, art, services (yes I want to tax services that can only be performed in the United States, such as lawn mowing, hair cuts, and massage parlors... with a sales tax).

With a sales tax there is no evading, no shelter problems, and it becomes profitable to reinvest in the United States for everyone.



But there is more. Each State has different tax structures which is why Nevada and Delaware get a lot of businesses to funnel money through them. Property taxes in States have been a burden on the lower classes from obtaining and keeping property and in making companies change locations.


I hearby, for life (unless I am shown something better) will advocate a sales tax at the Federal and State levels.



A sales tax brings money from around the world to the United States, it promotes the ultimate in corporate equality, it makes it worthwhile to invest the held cash here... into new jobs.... and it means no need for a huge intrusive IRS.


The FAIR Tax just got so attractive in my opinion as to be believed!

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

Re: US tax structure.

I like how much you claim various specifics without the education in or research on economics. We all know you have no numbers to back up your claims of 1% unemployment, immunity to depressions, great reduction of recessions, healthcare, retirement accounts, vacation time, etc.

Are you an expert in this field because you payed money to get a 2 year degree? And because you've held jobs that pay you in money?

The fair tax is about 97 billion times better than what we have here, but having you argue for it just hurts the case. tongue

[I wish I could obey forum rules]

Re: US tax structure.

Oh a drug addict is attacking me because he is dumbed down so much he cannot connect the dots.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

Re: US tax structure.

As expected, a purely ad hominem attack in response to legitimate points. Congratulations, you converse like an angry child.

[I wish I could obey forum rules]

Re: US tax structure.

Do the rich REALLY spend more per capita?  If not, then any sales tax would be unconstitutional.

Re: US tax structure.

No, the rich spend less on average than welfare queens...

DEE DEE DEE

[I wish I could obey forum rules]