Vote to abolish IRS

The GOP are voting for a consumption tax Instead , Just how will this work ?

Also this would mean anyone who is exempt Like Church's Charity and Native Americans will now be paying Fed Income tax .

By adding a consumption tax on all things bought and sold would't that increase inflation ? I wouldn't think the States would follow you would have to pay State Income tax otherwise it would put a lot of business out tax preparers especially .

"I support the Fair Tax because it simplifies our tax code. This transforms the U.S. tax code from a mandatory, progressive, and convoluted system to a fully transparent and unbiased system which does away with the IRS as we know it. It is good for our economy because it encourages work, savings, and investment. Thank you to my colleague Rep. Buddy Carter for leading this effort to simplify the system for American taxpayers," Rep. Bob Good, R-Va., said.

House Republicans to vote on bill abolishing IRS

a reply to: Ravenwatcher


It means - as far as my understanding - that all people will pay the same tax rate (federal) regardless of what income bracket they are in or what amount of property they hold.

I think will be good for upper middle class and below. Bad for the very poor and very rich.

a reply to: Ravenwatcher

ATS

a reply to: Maxmars

I know this is ancient history but,


The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows Congress to levy an income tax without apportioning it among the states on the basis of population. It was passed by Congress in 1909 in response to the 1895 Supreme Court case of Pollock v. Farmers' Loan & Trust Co. The Sixteenth Amendment was ratified by the requisite number of states on February 3, 1913, and effectively overruled the Supreme Court's ruling in Pollock.


Wikipedia

Pollock v. Farmers’ Loan and Trust Company, (1895), U.S. Supreme Court case in which the court voided portions of the Wilson-Gorman Tariff Act of 1894 that imposed a direct tax on the incomes of American citizens and corporations, thus declaring the federal income tax unconstitutional. The decision was mooted (unsettled) in 1913 by ratification of the Sixteenth Amendment to the federal Constitution, giving Congress the power “to lay and collect taxes on incomes.”


The federal government managed to get by without personal income tax for 120+ years, prior to the 16th amendment and the way I see it, the 16th was ratified for the purpose of paying for an anticipated and soon to come World War 1.

Anyone with a brain in their head should know that every and any corporate tax levied is automatically passed on to the consumer and, in my opinion, because of that, we the people, are being taxed twice on everything we purchase. Four times, actually. State income taxes, Federal income taxes, sales taxes, and corporate taxes passed on down on everything we purchase. After all taxes are figured into the equation, I suspect fully 75% of a person's income is eaten by one kind of tax or another.
edit on 10-1-2023 by Antisocialist because: (no reason given)

edit on 10-1-2023 by Antisocialist because: (no reason given)


We are nothing more than slaves to the state.

originally posted by: greendust
a reply to: Ravenwatcher


It means - as far as my understanding - that all people will pay the same tax rate (federal) regardless of what income bracket they are in or what amount of property they hold.

Not sure that is true the more you spend the more you will be taxed .

a reply to: Ravenwatcher

It's a lot of talk. The House can't do anything without the Senate, and there's no way Biden would sign off on it.

a reply to: Ravenwatcher

You do realize that this is b.s. posturing for their voter base, right? Never gonna happen.

originally posted by: Creep Thumper
a reply to: Ravenwatcher

It's a lot of talk. The House can't do anything without the Senate, and there's no way Biden would sign off on it.

No chance. They'll block the reps from doing this, then when they have the house, they'll try to do the same. It's as it's always been. They wont have it unless they're the one doing it.

Somehow I think this would be the same on both sides which is why nothing ever gets done. Like they even want to. It's all smoke and mirrors to make you feel all fuzzy about them.

This is why I can't get into politics or vote for anyone for any reason. It's all BS. It'll never be anything different.

originally posted by: Creep Thumper
a reply to: Ravenwatcher

It's a lot of talk. The House can't do anything without the Senate, and there's no way Biden would sign off on it.

It's funny that we need to keep reminding ATS how legislation works.

If the IRS is in the pipeline for abolition, it would perhaps be because the new digital system would mean everyday people would not be able to hide finances and the IRS is rendered obsolete as all data is always available for scrutiny by banking machines.

The robin hoods of the future will be crypto hackers in comfy chairs me thinks.

Let me know when the Republicans take the Senate back and this may have a shot, but even then I wouldn’t be surprised if Biden vetoed it.

originally posted by: Creep Thumper
a reply to: Ravenwatcher

It's a lot of talk. The House can't do anything without the Senate, and there's no way Biden would sign off on it.

This.

I get that voting it in the house can "get people on record."

However that's not what they were sent there to do. They were sent there to represent their constituents and do things that actually have objective ends.

This will be like how they voted against Obamacare like a dozen times, but then couldn't get it passed once they won senate / Presidency. They will string the base along and never actually do it when they have the power.

I support abolishing IRS but skeptical it will ever happen.

I don't think a consumption tax is best as it seems like it could be complicated and gamed. I'd like to see a flat tax of like 5 to 10% and be done with it. But either option is better than the current fustercluck.

a reply to: Ravenwatcher

Symbolism over substance. This doesn't have a chance of passing the Senate much less the Prez's desk, but it makes them look good.

However, if/when tax reform passage is possible, a consumption tax isn't the way to go. The personal income tax on earned income should be abolished. No one owes anyone a damn thing for the fruits of their labor. Earned income -- dividends, royalties, interest, etc. -- should be taxed at a flat rate. In other words, 10% (for example) on all unearned income, no matter how much. Corporate profits should also be taxed at a flat rate.

Abolishing the IRS would be a wonderful thing.

originally posted by: Edumakated

I don't think a consumption tax is best as it seems like it could be complicated and gamed. I'd like to see a flat tax of like 5 to 10% and be done with it. But either option is better than the current fustercluck.

5 to 10% for all and be done with it.

In case you were wondering if the MTG led House is going to actually pass meaningful legislation or just virtue signal, there's your answer.

I'd like a vote to abolish IBS, please

originally posted by: TzarChasm

originally posted by: Creep Thumper
a reply to: Ravenwatcher

It's a lot of talk. The House can't do anything without the Senate, and there's no way Biden would sign off on it.

It's funny that we need to keep reminding ATS how legislation works.

Maybe they could hold up some other Bill(s) until (D)s agree to do this !!!!!!! 😎

I sure do get tired of congress creating 'busy work' so they can pretend to be doing something constructive. I guess they think we won't notice that the border, drug, homeless, gang crisis etc. is/should be a little more important to work on.

They could also throw in age and term limits along with cognitive tests for all politicians, the corruption withing our security agencies and the revolving door between big business and gov workers.

There's more on my list, but it's my nap time.

a reply to: RavenwatcherSpeaking as a Native American, I pay the same taxes as every other american.

I would be very interested to see how the American federal government would function without tax collection.

Gonna go out on a limb and speculate that it wouldn't end particularly well.