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Old 08-11-2004, 11:15 AM   #1
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A New Tax System

For anyone who has done their own taxes, you know how much time is spent on this complicated process.

Yesterday, GWB opened the door to exploring a national sales tax in an effort to simplify the tax system.

Bush Says National Sales Tax Worth Considering


How would you structure a tax system?

My idea:

Flat tax on income above a minimum level (i.e., poverty level) - money used for "infrastructure" including military spending.

National Sales Tax on non-necessities - money used for social spending.

We all share in use (infrastructure). The more we consume, the more we help others.


I am undecided on Estate tax (I've considered everything from 0% to 100%)
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Old 08-11-2004, 11:53 AM   #2
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From what I've read a national sales tax would have to be nearly 50% in order to be effective, so I don't think it would be a very good idea.

I like the idea of a flat tax for those above the poverty level, but I think it may be difficult to establish what really constitutes the "poverty level" given the wide range of costs of living throughout the country. What may be considered "poverty" in Orange County may be a decent living wage in Tulsa, for example.

I fully support some sort of estate tax, and I say this as someone who would have to deal with the consequences of one.
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Old 08-11-2004, 04:06 PM   #3
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every attempt I have witnissed over here to simplify the tax system has resulted in it becoming more complicated to fillout tax forms

though I tend to be slightly right of centre economically
I just can't believe in a flat tax system
to insure enough income this flat tax would be too high a percentage for those just above poverty level
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Old 08-11-2004, 05:00 PM   #4
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What would happen to the state sales tax systems? That would be additional?

I don't think it would be as fair as an income based system. The thrifty people would benefit and the people that already have bad spending habits will rack up more on their credit cards.
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Old 08-11-2004, 06:56 PM   #5
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I guess he wasn't serious about it anyway.
http://www.signonsandiego.com/news/p...-salestax.html

Or is it a flip-flop?
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Old 08-12-2004, 03:37 AM   #6
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The GST here in Aus certainly had benefits over the beurocratic nightmare that we had before.
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Old 08-12-2004, 07:50 AM   #7
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Quote:
Originally posted by A_Wanderer
The GST here in Aus certainly had benefits over the beurocratic nightmare that we had before.

http://www.ato.gov.au/corporate/cont...ax_history.htm

I just researched this. You also have a tax system called PAYG which is based on earnings, correct?


To attempt to line this up to your tax system, I believe what Bush was starting to present was replacing PAYG with GST.

Since some of the states already collect Sales Tax, I was wondering how that tax would be replaced if the federal tax system was merged into that.

Here's an idea of how each state collects sales tax now:

http://www.taxfoundation.org/variousrates.html

It's so complicated that mail order & internet companies don't charge tax to residents that don't live in their states. You only pay sales tax if you are physically in the state that charges it. A lot of Massachusetts residents go to New Hampshire for big ticket items such as electronics, etc. so they don't have to pay the sales tax.
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Old 08-12-2004, 09:37 AM   #8
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PAYG and the GST are slightly different things. Pay As You Go is like an incremental payment option throughout the financial year (I think lol). The GST is whacked on to every predetermined item the govt declares a Goods or Service.

The GST has its faults. Dont be in too much of a hurry to get it over there.
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Old 08-12-2004, 10:10 AM   #9
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Is PAYG based on your income and not your purchases?
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Old 08-12-2004, 11:26 AM   #10
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Quote:
Originally posted by Salome
every attempt I have witnissed over here to simplify the tax system has resulted in it becoming more complicated to fillout tax forms
Actually, Reagan's tax act of 1986 greatly simplified the US tax system.

Unfortunately, there have been many additions by Congress since then - and we are back to the complicated system of old.
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Old 08-12-2004, 11:29 AM   #11
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Quote:
Originally posted by BostonAnne
What would happen to the state sales tax systems? That would be additional?

I don't think it would be as fair as an income based system. The thrifty people would benefit and the people that already have bad spending habits will rack up more on their credit cards.
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.
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Old 08-13-2004, 06:24 AM   #12
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Quote:
Originally posted by BostonAnne
Is PAYG based on your income and not your purchases?
It's kinda described a bit here. Like all tax, it's complicated. You will understand it better from them than me lol.

http://www.ato.gov.au/businesses/con...1/003&st=&cy=1
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Old 08-13-2004, 06:38 AM   #13
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PAYG is income related.

GST replaced sales tax ie is purchase related.

We have both
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Old 08-13-2004, 06:47 AM   #14
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Yes, but beli be fair. it's only on luxury items like TAMPONS etc.

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Old 08-13-2004, 06:53 AM   #15
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Yes. Men. Tax.

Seriously the old sales tax system was even more stuffed. There used to be a tax of about 30% if memory serves me well (which normally it doesnt) on braille watches. We used to have huge books of lists of the sales tax rates for everything.

Now most things are the same flat rate which is more equitable IMHO.

Its just all the frigging paper work thats made it a nightmare.
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