scandinaviany3
01-27-2008, 07:09 PM
So if the current 2008-2009 taxes are shaped like:
Income tax-1.247 billion
Soc sec/insurance tax-927 billion
Corporate tax-315 billion
Customs(Tariffs import/exports)-292 billion
Excise Tax-68 billion
Misc tax-51 billion
Estate Taxes-25 billion
Some 2.62 Trillion on taxes planned to be gathered.
The core taxes Ron points to that have to stay around for some time:
Soc insurance/retirement receipts-927 billion
Customs(Tariffs import/exports)-29.2 billion
Excise Tax-68 billion
Total revenue=1024 Trillion
short fall without revenue=900 billion
So if VAT's are about 18-19% elsewhere.
Fairtax is about 23% on top of other tax goes then to effectively 30% tax on goods and services.
So even in comparison for a bi-directional, or maybe mirrored, customs tariff for all MODERN forms of revenue gains by good and services movement across our borders could look like FOR EVERY 5 Trillion as:
18% 900 Billion
23% 1150 Billion
30% 1500 Billion
Sounds like we then just need to modernize the use of constitutional taxes and drop the income tax and all the other taxes Ron doesnt like.
Obviously this would bring job investment to the US for the sell of goods since nothing in the US would be taxed. The fair tax is so complicated in comparison and items in the US would be taxed with no way for market forces to compensate for the taxation, cost increase on the cost to sell also would be on items not at point of sell but at point of border crossing. Companies commonly do bring goods or services across the border without necessarily sell of the item. This tariff tax promotes maximum revenue. Whereas sales tax gets a slice of the goods but not all goods possible. Obviously this too would pressure production and inventories to be localized in the US to avoid tariff charges. Again revenue from storage, money for more jobs, etc.
This plan forces border security. Have we heard that common theme and issue enough? Multinationals, corporations, individuals, etc that send these items two and fro across the border can afford to deal with the IRS and not us like the current tax and fair tax would do for individuals and small businesses. The other nice thing if they dont get these guys to pay their taxes then the IRS doesnt get payed....very nice change to the problem for millions of americans to have the govt have a very large incentive to enforce the law, their pay check.
Put hard currency backing, enforce illegal immigration laws, improvements on health care costs, etc like ron suggests...wow..
Definitely the best plans out there...just follow the constitution and work from within it and all plans do work out.
Income tax-1.247 billion
Soc sec/insurance tax-927 billion
Corporate tax-315 billion
Customs(Tariffs import/exports)-292 billion
Excise Tax-68 billion
Misc tax-51 billion
Estate Taxes-25 billion
Some 2.62 Trillion on taxes planned to be gathered.
The core taxes Ron points to that have to stay around for some time:
Soc insurance/retirement receipts-927 billion
Customs(Tariffs import/exports)-29.2 billion
Excise Tax-68 billion
Total revenue=1024 Trillion
short fall without revenue=900 billion
So if VAT's are about 18-19% elsewhere.
Fairtax is about 23% on top of other tax goes then to effectively 30% tax on goods and services.
So even in comparison for a bi-directional, or maybe mirrored, customs tariff for all MODERN forms of revenue gains by good and services movement across our borders could look like FOR EVERY 5 Trillion as:
18% 900 Billion
23% 1150 Billion
30% 1500 Billion
Sounds like we then just need to modernize the use of constitutional taxes and drop the income tax and all the other taxes Ron doesnt like.
Obviously this would bring job investment to the US for the sell of goods since nothing in the US would be taxed. The fair tax is so complicated in comparison and items in the US would be taxed with no way for market forces to compensate for the taxation, cost increase on the cost to sell also would be on items not at point of sell but at point of border crossing. Companies commonly do bring goods or services across the border without necessarily sell of the item. This tariff tax promotes maximum revenue. Whereas sales tax gets a slice of the goods but not all goods possible. Obviously this too would pressure production and inventories to be localized in the US to avoid tariff charges. Again revenue from storage, money for more jobs, etc.
This plan forces border security. Have we heard that common theme and issue enough? Multinationals, corporations, individuals, etc that send these items two and fro across the border can afford to deal with the IRS and not us like the current tax and fair tax would do for individuals and small businesses. The other nice thing if they dont get these guys to pay their taxes then the IRS doesnt get payed....very nice change to the problem for millions of americans to have the govt have a very large incentive to enforce the law, their pay check.
Put hard currency backing, enforce illegal immigration laws, improvements on health care costs, etc like ron suggests...wow..
Definitely the best plans out there...just follow the constitution and work from within it and all plans do work out.