Do you know most people pay about $0.18 out of every dollar to taxes. So if you make $300 per week, you pay $54 for the privileged of working. You have to pay for working. I just want that to sink in, you go to work, you have to pay.
Is their a way out of paying taxes? Sure what allot of rich people are doing, is tax dodges, tax loop holes, tax brakes and the one I am in favor of called the "fair tax" http://www.fairtax.org/site/PageServer.
What does the fair tax do?
I will just go into just a little bit of it.
1. You no longer have to pay to work. You make $300 a week, your paycheck will be $300.
2. Business's will now have no payroll tax, meaning they can put more people to work, here in this country instead of hiring other countries to make products. Which means putting more Americans back to work.
3. A little down side, the sales tax will go up to about 20%. Sales tax is a consumption tax. This now will pay for all the public services and public payroll. This also means allot more money coming into this country when we have international visitors come into this country and buy stuff. This means you will pay more on the more junk you buy. Buy only what you need.
Let's just focus on one area of foreigners coming into America is China. China has been a fast-growing market of international travelers to the U.S. since the United States and China signed a Memorandum of Understanding in 2007 that opened the doors for promotion of travel to the entire U.S. In 2008, almost 500,000 thousand Chinese traveled to the U.S., staying on average 23 nights and spending $7,200 per visit.Total spending by Chinese travelers in the U.S. was $3.5 billion in 2008. By 2013, visitation from China to the U.S. is expected to grow 61% over 2008 arrivals — rising from 493,000 in 2008 to a forecasted 795,000 in 2013. (Source: IVIS China Summary, Office of Travel and Tourism Industries) (http://www.ustravel.org/news/press-kit/travel-facts-and-statistics)
Let's take that $3.5 billion take out taxes let's say 5.1% of sales tax which will bring it back to $178,500 in taxes which brings it back down to the base of $3,321,500. Now if we take that number and bring it to our new tax code, the US would of brought in $664300 in taxes with a new grand total of $3.98+ billion dollars.
4. Your yearly tax form is no bigger than a post card with about 10 questions. Yes nobody will get any more tax breaks or be able to hide in some tax loop hole. People and business's will now be responsible for being a good American.
This will essentially downsize the IRS. Instead of being the money police for billions of people and business's, they will now concert their efforts on business's collecting the sales tax and not you claiming an extra 5 feet on a home office for a tax break.
One thing that is reoccuring theam, more people steel because they don't have a job to buy what they need, this will put a whole lot more people to work and they won't have to steel.
Hopefully sooner then later, people on welfare will figure out that you will make more money working then being lazy and sitting at home waiting for a handout. All they have to do is go ask a person how much do they make a month and compare that to what they get in governmental welfare.
America, it's time to grow back up and be responsible to your self and your family.
