How about everyone pays a flat 10% on income and dividends. It would be moral,
just, and fair by definition. If it is good enough for churches, it is more
than good enough for the government.
It sounds like Harry Reid, he pushed and got Obamacare passed without reading
it, why should this be any different?
Allowing the foxes to rebuild the hen house in folly. If the
American people are to have a proper revision to the support of government, they
will have to do it themselves. And the only way they could do it is by
Constitutional Amendment. It has to be simple, easy, and fair. Simple in the definition of income. No exceptions and No deductions.
Easy in not requiring any effort of influence on the part of the
individual. Fair in taxing the high incomes at the same rate as the
low. How? Apply a flat rate tax on the outgoing money of every
business in the USA. Every payment for inventory, every payment for labor,
every perk and every dividend. Bad news? Millions of people will
have to find a new way to “earn” their money.
2 of the most astute/admired/adored statesmen in the history of The United
States of America.hatch and baucus...What more could us
wretched unwashed masses ask for?
Hatch and Baucus teaming up to re-write the tax code and guaranteeing those
involved 50 years of secrecy for their input and suggestions?...........Gee,
What could possibly go wrong?......
He is not talking about income rate tax code, he is talking about blocking
political and government (Obama care) to access income tax records.I
think Hatch is trying to block access for 50 years on incomes tax information by
political powers and government managers to change tax rates on incomes and
property. I think he is trying to put a 50 year moratorium on governemnt access
to personal information. I think this is in line with more governemnt intrusion
into our personal information so that Obama health care is accessing tax returns
for penalizing people who don't buy health care insurance. The
problem with the IRS being the overseers of penalizing for non compliance of
buying health care is that illegal aliens, foreign nationals, and people who
don't file tax returns don't have a tax record with the IRS and
won't get fined like the americans will.This health care
penalty tax can only be applied to working americans and receive a W-2 or 1099
with their SSN number on it, copies are filed with the IRS on these tax paying
Americans documents and not illegals.
Secrecy? From the U.S. Senate? Hilarious comedy and deception!Really, the question should be, why are these elected officials such cowards
that they will not tell the voters what they are actually DOING? They make lots
of promises when home campaigning, but seem to instantly forget them as soon as
they get back to Washington. (Yeah, Orrin, I am talking about YOU!)I applaud their intention to actually fix the tax codes, but seriously doubt
that they will actually do it. I am sure that all 100 Senators will say they
are in favor of the project, and that some actually will be, but if there is
secrecy, we can be sure that a large number (40 or more) will not be telling the
truth and that the project will fail miserably. And, for 50 years, those who
killed it will be protected and allowed to continue to deceiver the people who
voted for them.Orrin, we need sunshine and honesty, not secrecy and
shadow meetings. And, I hope you do not seriously believe the Chucky Schumer
and his pals will actually live up to any promises after having lied to you so
many times in the past.
Secrecy = Flat Tax discussions, which will be much more harmful to regular
people than to the rich. Otherwise why not have the discussion out in the open?
So much for transparency.
As a CPA I love it when congress says they are going to simplify the tax code.
It always means another volume of tax code and regulations. We call it job
Samuel Clements noted that there are two things one should not watch being made;
sausage and laws. Good hunting in secrecy Senators.
Yes! Do it! I want my tax return to fit on a 3x5 card!
Make it happen, senators. Ignore the lamentations of your respective parties and
go to work!