Would the FairTax work in the United States?
Would it solve the tax problem in America about equal pay? I would like to see the lower through upper class pay almost the same amount in taxes instead of a progressive tax or trickle down economic theory. What is the best method of taxation to get this done?
Economics - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Fairness?Fairness? in America? The only fair tax is no tax...
2 :
The only reason we must pay tax, is because the government was convinced by bankers in 1913 to create its money by using a debt-based monetary system, managed by the Federal Reserve Bank. In fact the IRS was created about the same time the Federal Reserve Act was passed, in Congress in the middle of the night around Christmas eve. The interest on the money created through public debt must be paid by tax revenues coming from the citizens pockets to pay the bankers and the buyers of government bonds and bills. If the government would use its constitutional right and mandate to create money by fiat, through a credit-based system, it would create all the money it needs to operate, and provide very low interest credit to all citizens and businesses, without ever mentioning the word tax. Economic activity would go on just fine, because money is just a token that represents the value of all goods and services. The token itself is supposed to be worthless. What has happened is that the Bankers have turned the token into a "commodity", which is being "traded" as if it had real value. Until the general public is made to understand this fraud, there is no hope of solving the problem.
3 :
The so-called Fair Tax is a tax consumption rather than income. Therefore shifting away form income to consumption would increase the amount of income produced and reduce the amount of consumption (i.e. raise the level of saving). If you could literally prevent Congress from taxing income again, it might be net beneficial. History would tell you that eventually you would end up with taxes on both, which would simply make it easier for politicians to raise the total level of taxation. Take a look at the history of the income tax in the US form its inception.
4 :
A flat income tax would work only if there was a wealth tax included. A flat tax without a wealth tax on high earners would eventually put ALL wealth in the hands of a tiny percent of the population. The graduated income tax takes this into consideration. At one point it worked very well as President Teddy Roosevelt originally implemented the concept. No rich guy ever went belly up paying his taxes and no working class guy ever went belly up either. Over the years the top percentage paid dropped from 90% at the highest part of the six level progression down to 35% today as per the Reagan changes. At that point what Teddy Roosevelt feared began to happen. The 'rich' began to get much richer faster and because of a dearth of social services and benefits of citizenship the working class began to rapidly lose ground. Returning to the tax plan as worked out by President Bill Clinton would begin to reverse this trend....for whatever reason the GOP is opposed to doing that. One wonders why. In the 21st century the American wage earner requires several things from their government....quality education at public expense up tp and including the university level, decent retire partly at government expense and medical insurance paid for by individual premiums and government expense. The 'government expense' part seems to be a stopper until you understand that no money ever vanishes....it all gets recycled into the economy....but that's another story. Short answer: The progressive income tax IS a Fair Tax as long as the progressive steps are do not enrich or impoverish anyone....that's the definition of 'fair'. Give it a think!
Wednesday, November 21, 2012
Wednesday, November 14, 2012
Would the FairTax work in the United States
Would the FairTax work in the United States?
Would it solve the tax problem in America about equal pay? I would like to see the lower through upper class pay almost the same amount in taxes instead of a progressive tax or trickle down economic theory. What is the best method of taxation to get this done?
Other - Taxes - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
The Fairtax would not work and, thankfully, it will never pass. Why is it "fair" that the poor pay the same as the rich? The "fairest" form of taxation is a progressive income tax. Like it or not, our current tax system isn't going away any time soon.
Would it solve the tax problem in America about equal pay? I would like to see the lower through upper class pay almost the same amount in taxes instead of a progressive tax or trickle down economic theory. What is the best method of taxation to get this done?
Other - Taxes - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
The Fairtax would not work and, thankfully, it will never pass. Why is it "fair" that the poor pay the same as the rich? The "fairest" form of taxation is a progressive income tax. Like it or not, our current tax system isn't going away any time soon.
Wednesday, November 7, 2012
can i use my accounting degree in the philippines to work in the United States
can i use my accounting degree in the philippines to work in the United States?
right now i am waiting for the approval of the immigration for my permit to work here in US, i just wanna ask if I can extend my career from my country as an accountant to apply for a job or should i study still?. anyone can give me advise how am i goin to start an accounting career.
Higher Education (University +) - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Maybe depeding on the company that you are wanting them to work. If you can show them you know what you are doing, I don't think they really care were you got your degree as long as you know what you are doing. While on the other hand they might care cause probably they never heard of the school you graduated from and they don't know if you just bought the degree off the street and made up the school name. So it all really depends on where you apply. I would ask the company first before i put an n app in so you don't waste your time
2 :
ofcourse, but the degree must be from the recognised university
3 :
The word "Accountant" is often restricted. You may get a job as "bookkeeper". You are unlikely to get anything more than an entry-level, low-pay job รข€” at least for several years if not forever. Many immigrants leave a professional career in their home country and find themselves at the bottom of the work ladder in the USA.
right now i am waiting for the approval of the immigration for my permit to work here in US, i just wanna ask if I can extend my career from my country as an accountant to apply for a job or should i study still?. anyone can give me advise how am i goin to start an accounting career.
Higher Education (University +) - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Maybe depeding on the company that you are wanting them to work. If you can show them you know what you are doing, I don't think they really care were you got your degree as long as you know what you are doing. While on the other hand they might care cause probably they never heard of the school you graduated from and they don't know if you just bought the degree off the street and made up the school name. So it all really depends on where you apply. I would ask the company first before i put an n app in so you don't waste your time
2 :
ofcourse, but the degree must be from the recognised university
3 :
The word "Accountant" is often restricted. You may get a job as "bookkeeper". You are unlikely to get anything more than an entry-level, low-pay job รข€” at least for several years if not forever. Many immigrants leave a professional career in their home country and find themselves at the bottom of the work ladder in the USA.
Thursday, November 1, 2012
How well did Roosevelt's New Nationalism work in the United States
How well did Roosevelt's New Nationalism work in the United States?
In other words, how sucessful was he at achieving his goals of benefiting public welfare by insisting that a powerful federal government must be present to regulate the economy and guarantee social justice?
History - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
This sounds suspiciously like an essay question I answered last week on an AP US History test. Consider his nickname, "the trust buster", having to do with him creating a bureau to break up business monopolies and trusts in industry, manufacturing, etc. Think of why this would benefit the people and the economy.
2 :
Depends on if you believe you have been better off since the great depression. Uncontrolled Capitalism moves in huge cycles of boom and bust that cause world wars. Roosevelt's introduction of Socialism in the name of New Deal programs has probably been been the world's savior, so far we have avoided another great depression for almost 80 years, under straightforward Capitalism we would have been due for WW6 by now and getting ready to fight it w. stones. So I'd say very, but not nationalism, that was simply how he sold it to a country terrified of Socialism and Communism.
3 :
Obviously Smudgeward missunderstood that the reference was to the first President Roosevelt, TR, not FDR. TR lost the 1912 election. New Nationalism was Theodore Roosevelt's Progressive political philosophy during the 1912 election. He made the case for what he called the New Nationalism in a speech in Osawatomie, Kansas, in August 1910. The central issue, he argued, was human welfare versus property rights. He insisted that only a powerful federal government could regulate the economy and guarantee social justice. Roosevelt believed that the concentration in industry was not necessarily bad, if the industry behaved itself. He wanted executive agencies (not the courts) to regulate business. The federal government should be used to protect the laboring man, women and children from what he believed to be exploitation. In terms of policy, the New Nationalism supported child labor laws and a minimum wage laws for women. The book Promise of American Life, written by Herbert Croly, influenced Theodore Roosevelt. This is in direct contrast with Woodrow Wilson's policy of The New Freedom, which promoted antitrust modification, tariff reduction, and banking and currency reform.
In other words, how sucessful was he at achieving his goals of benefiting public welfare by insisting that a powerful federal government must be present to regulate the economy and guarantee social justice?
History - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
This sounds suspiciously like an essay question I answered last week on an AP US History test. Consider his nickname, "the trust buster", having to do with him creating a bureau to break up business monopolies and trusts in industry, manufacturing, etc. Think of why this would benefit the people and the economy.
2 :
Depends on if you believe you have been better off since the great depression. Uncontrolled Capitalism moves in huge cycles of boom and bust that cause world wars. Roosevelt's introduction of Socialism in the name of New Deal programs has probably been been the world's savior, so far we have avoided another great depression for almost 80 years, under straightforward Capitalism we would have been due for WW6 by now and getting ready to fight it w. stones. So I'd say very, but not nationalism, that was simply how he sold it to a country terrified of Socialism and Communism.
3 :
Obviously Smudgeward missunderstood that the reference was to the first President Roosevelt, TR, not FDR. TR lost the 1912 election. New Nationalism was Theodore Roosevelt's Progressive political philosophy during the 1912 election. He made the case for what he called the New Nationalism in a speech in Osawatomie, Kansas, in August 1910. The central issue, he argued, was human welfare versus property rights. He insisted that only a powerful federal government could regulate the economy and guarantee social justice. Roosevelt believed that the concentration in industry was not necessarily bad, if the industry behaved itself. He wanted executive agencies (not the courts) to regulate business. The federal government should be used to protect the laboring man, women and children from what he believed to be exploitation. In terms of policy, the New Nationalism supported child labor laws and a minimum wage laws for women. The book Promise of American Life, written by Herbert Croly, influenced Theodore Roosevelt. This is in direct contrast with Woodrow Wilson's policy of The New Freedom, which promoted antitrust modification, tariff reduction, and banking and currency reform.
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