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Old 08-13-2004, 06:57 AM   #16
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its a credit it's stayed at 10% for the last 4 years.

it wont be forever though.
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Old 08-13-2004, 07:00 AM   #17
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This is true. Mind you some of the old crappy sales tax rates were 50% etc (gawd this is doing my head in trying to remember )

We shall see what the new election term shall bring....
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Old 08-13-2004, 07:11 AM   #18
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To attempt to line this up to your tax system, I believe what Bush was starting to present was replacing PAYG with GST.

Ok, so this statement was correct. What was being presented was that our income tax (PAYG) would be replaced with a national sales tax (GST). We also already have sales tax, it varies state to state.

The proposal to me makes no sense and I'm glad it stopped before it got started.
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Old 08-13-2004, 07:14 AM   #19
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Are you saying to replace income tax with GST? ie no more tax on earnings, only tax on spendings?

I actually like that idea. Penalise the spenders, not the savers.

Edited to add: with exceptions for low income earners whos almost total income is spent on necessaties.
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Old 08-13-2004, 07:21 AM   #20
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the economy needs spenders though
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Old 08-13-2004, 07:21 AM   #21
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I'm being awfully argumentative tonight, sorry beli, but that idea wont work for the simple fact we all match in certain basics like food etc. to penalise on spending rather than income will only widen the gap between the rich and the poor.
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Old 08-13-2004, 07:22 AM   #22
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finding a fair way of taxing different income groups remains extremely difficult
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Old 08-13-2004, 07:22 AM   #23
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you edited
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Old 08-13-2004, 07:24 AM   #24
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Yes, and everybody does spend, to varying degrees.

Saving money, in a financial institution/investment, is still stimulating the economy.

Salome, have we bored people to tears in every thread yet
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Old 08-13-2004, 07:26 AM   #25
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Quote:
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you edited
Me yes, I did.

Its Friday night. Gawd I wish we could be having this discussion in a pub somewhere
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Old 08-13-2004, 07:27 AM   #26
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well, if not it's not because of a lack of trying
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Old 08-13-2004, 07:31 AM   #27
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It would likely remain as we already have two, three or more layers of taxation. If you add up income, sales, property, use, excise taxes and other fees, you will find a nice chunk of your income gone.
This is were I have a big problem with the current federal tax cuts. Due to the federal tax cuts, my state and town raised various fees to replace the lost federal support. I think pushing taxes to a local level really divides rich and poor.

When the towns loses support, the residents are left to vote for a local increase to maintain basic services - most importantly - education. The richer towns vote for overrides, pay more property taxes and services go unaffected. The poorer towns don't vote for overrides because the residents can't afford anymore. Most of the poorer residents probably didn't receive the benefit of the tax cuts anyhow. So the poorer towns lose teachers, lose special needs programs, lose music, art, sports.
I live in a median town and our education system has lost so much in the 2 years I've been here. This year a few of my friend's children have lost their special needs program. They will now be mainsteamed back into the classrooms instead of receiving the smaller class care they were getting. One student was getting A's in the program but D's in regular classrooms.

I have to pay a $250 fee for my son to ride the bus to school. We live far enough away that I don't want to worry about him walking home while I work. Spending that much money right now is really hard and I would much rather have had a small amount come out of my paycheck each week and the cost invisible to me.
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Old 08-13-2004, 07:34 AM   #28
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Quote:
Originally posted by Angela Harlem
I'm being awfully argumentative tonight, sorry beli, but that idea wont work for the simple fact we all match in certain basics like food etc. to penalise on spending rather than income will only widen the gap between the rich and the poor.
That what I think to Angela!
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Old 08-13-2004, 07:35 AM   #29
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Originally posted by Salome
finding a fair way of taxing different income groups remains extremely difficult
That's why there are constant changes and new forms to dish out and why it gets so complicated.

I'm glad we now have tax software to do most of the work!
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Old 08-13-2004, 07:36 AM   #30
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Sounds a bit like Australia. We have

* Federal Taxes
* State Taxes
* Shire Taxes

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