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Thread: Vat...

  1. #10

    Default Re: Vat...

    Quote Originally Posted by ODH View Post
    Says who?
    It already happens in California.

  2. #11

    Default Re: Vat...

    Quote Originally Posted by ODH View Post
    Sorry, despite the rhetoric, Obama is not far left and has not done anything remotely leftist.
    During his reign, King Obama (or the lefty government has):

    purchased two U.S. car companies
    appointed a pay czar to regulate pay in publicly held companies
    mandated that U.S corporations provide health care for their employees

    Those are at least remotely leftist. Bush is irrelevant to any conversation about conservatism. He was a big government social conservative; the worst kind of conservative.

  3. #12

    Default Re: Vat...

    Quote Originally Posted by ODH View Post
    Says who?
    A decade of selling online and watching the landscape change. It took states about a decade to really start auditing and looking into their own sales tax.. the federal government isn't far behind.

    I think they should tax each non-resident purchaser on the federal level for a couple reasons.

    1) Before 2000 (for the most part) there was never a store that sold the majority of their product to people not on location so they never had a precedent for what's happening. JCPenny, Sears, and other national retailers shouldn't be able to profit 5%+ on orders generated online. Small businesses that don't have multi-state locations shouldn't fall into the same category, but they probably will.

    2) From a purely selfish standpoint... any additional fees charged make it harder for my competition to beat our marketing services.

    It will happen in Obama's Presidency, we can bookmark and revisit when the time comes.
    Last edited by Schlottke; 04-09-2010 at 08:31 PM.

  4. #13
    Olympic Champ RYou's Avatar
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    Default Re: Vat...

    Most of you don't understand just how much of an impact VAT has.

    It a "value added tax. Yes you the consumer will pay VAT at the retail counter, but the retailer that buys from the wholesaler also pays VAT. The wholesaler that buys from the manufacturer pays VAT. The manufacturer pays VAT on the materials and components it buys for making the product. A component seller will pay VAT on the materials it buys to make the component.

    In the end VAT may be paid 7-8 times before you the consumer pays VAT and State sales tax. Bottom line it takes a huge chunk out of the GNP and each level it drives up pricing 10-15% before you even pay your share at the retailer counter. Why VAT and not just a bump in IRS tax? Because 50% of the population doesn't pay any income tax and they're not the millionaires. VAT is a tax on top your already taxed income.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  5. #14

    Default Re: Vat...

    I'm all for a flat tax (or preferably The Fair Tax) but I HATE the idea of a VAT tax, it is paid at too many levels.
    Quote Originally Posted by Flop The Nuts View Post
    [D]on't let lack of knowledge impact your ability to post as if you are knowledgeable.

  6. #15
    Olympic Champ kr1963's Avatar
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    Default Re: Vat...

    Get rid of the IRS, replace it with a National Retail Sales Tax that uses many of the already established restrictions as State Sales axes have already shown, (i.e. no tax of foods etc).

    That way the more you spend the more you contribute. It does NOT penalize production like an oppressive progressive income (see Communism) tax does.

    You want to encourage production then reward it not penalize it. Consumption taxes are the only fair way of ever doing that. Singapore & HK THRIVE on them solely. There is an entire financial services lobby who will be out of a job if we simplify the tax code. There is one of your greatest walls of resistance to tax reform.

    Again the lobbyist get what they want instead of what the people getting what they want.

    A Flat tax is still an income tax. Consumption tax means I never have to keep track of my income & if I spend I pay.

    This way the government is going to ENCOURAGE spending & hence GROWTH not penalize growth like they do now.

  7. #16
    Super Moderator UGLY's Avatar
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    Default Re: Vat...

    Quote Originally Posted by kr1963 View Post
    Get rid of the IRS, replace it with a National Retail Sales Tax that uses many of the already established restrictions as State Sales axes have already shown, (i.e. no tax of foods etc).

    That way the more you spend the more you contribute. It does NOT penalize production like an oppressive progressive income (see Communism) tax does.

    You want to encourage production then reward it not penalize it. Consumption taxes are the only fair way of ever doing that. Singapore & HK THRIVE on them solely. There is an entire financial services lobby who will be out of a job if we simplify the tax code. There is one of your greatest walls of resistance to tax reform.

    Again the lobbyist get what they want instead of what the people getting what they want.

    A Flat tax is still an income tax. Consumption tax means I never have to keep track of my income & if I spend I pay.

    This way the government is going to ENCOURAGE spending & hence GROWTH not penalize growth like they do now.
    I agree with everything you said. I would say that I would be in favor of a flat tax 15% or so on all income regardless of how much you make. 100% of the working population would have to pay and the rich would still pay more so every one is happy. No deductions or any loopholes. I would make it across all forms of taxation even on corporations who now pay 40%.

    This does everything you say the consumption tax does, and it does not involve the dissolution of the IRS or income tax because that is never going to happen.

    I am for what you are suggesting I just think a more realistic approach is what i have presented and so have some congressmen.

  8. #17
    World Champ ODH's Avatar
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    Default Re: Vat...

    Quote Originally Posted by Flop The Nuts View Post
    It already happens in California.
    I guess that is undisputable proof.

  9. #18
    World Champ ODH's Avatar
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    Default Re: Vat...

    Quote Originally Posted by Schlottke View Post
    A decade of selling online and watching the landscape change. It took states about a decade to really start auditing and looking into their own sales tax.. the federal government isn't far behind.

    I think they should tax each non-resident purchaser on the federal level for a couple reasons.

    1) Before 2000 (for the most part) there was never a store that sold the majority of their product to people not on location so they never had a precedent for what's happening. JCPenny, Sears, and other national retailers shouldn't be able to profit 5%+ on orders generated online. Small businesses that don't have multi-state locations shouldn't fall into the same category, but they probably will.

    2) From a purely selfish standpoint... any additional fees charged make it harder for my competition to beat our marketing services.

    It will happen in Obama's Presidency, we can bookmark and revisit when the time comes.
    So I think you are in favor of this?
    I don't have an opinion, but it mausing me that people are bashing Obama for implementing a tax that I heard not heard being takled aboit in any serious way.

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