"Fair Tax"

[cabinover]

Now let's see if I understand this correctly. I buy a house. I pay monthly mortgage payments from previously taxed money. The bank is going to pay taxes on the interest they earned from my already taxed money.

If I can't deduct my interest that makes me essentially paying tax twice on that money as well.

Here's an idea for ya, stop giving my money to the lazy shits that won't work! I work hard for the money that comes into and out of my home. I already get whacked for making my home look nice via town taxes and reassessments. I already get whacked even harder for school taxes.

Sorry to veer OT here.

If I had to go with a tax plan at all I'm for this one. I will save money when I continue to buy second hand stuff when I need it.

[noonereal]

Originally Posted by cabinover

Here's an idea for ya, stop giving my money to the lazy shits that won't work! I work hard for the money that comes into and out of my home.

This is a familiar war cry that no working man would disagree with, the problem is I have never meet this "lazy shit" and don't really think he exists.

[noonereal]

Originally Posted by gazelle1929

There is only one fair tax. That is where I pay no taxes and everyone else ponies up to fund the government. Once you start taxing me tthen we're in a negotiation phase.

All seriousness aside, there never has been, nor can there ever be, a fair tax so long as we have people with varying levels of income, personal spending habits, families, etc., etc., ad nauseam.

Fair tax is just different, that's all.

A fairer current system would be to stop paying welfare to all the home-owners. Why the hell should the Federal and state governments subsidize the housing units of every person who pays interest above the standard deduction level? Yes. It's welfare!

So if you don't want to be part of the welfare state stop deducting your mortgage interest. That usually goes over pretty badly when I bring it up.

Philosophically, I totally agree. That being said I would not vote for it as I benefit mightily under the current system.

[JJIII]

"Now let's see if I understand this correctly. I buy a house. I pay monthly mortgage payments from previously taxed money. The bank is going to pay taxes on the interest they earned from my already taxed money."

That's the way it is now. Under the "Fair Tax" your mortgage payments would be paid from money that had NOT been taxed before. There would be no income tax, no corporate taxes, so the bank would not be paying taxes on the interest they earned from your money.

[cabinover]

Originally Posted by noonereal

This is a familiar war cry that no working man would disagree with, the problem is I have never meet this "lazy shit" and don't really think he exists.

You don't live in Vermont I can tell. Without taking 3 steps in any direction I could take pictures of at least two in my town. The sad part is how blatant they are about it, almost to the point of being proud.

What can anyone do about it? You can't call them out or embarass them into working, all we can do is support their deadbeat a$$es.

At least they have nice rent-by-the-week furniture delivered last week. Wonder when the truck will be back by to collect it.

[noonereal]

Originally Posted by cabinover

You don't live in Vermont I can tell. Without taking 3 steps in any direction I could take pictures of at least two in my town. The sad part is how blatant they are about it, almost to the point of being proud.

What can anyone do about it? You can't call them out or embarass them into working, all we can do is support their deadbeat a$$es.

At least they have nice rent-by-the-week furniture delivered last week. Wonder when the truck will be back by to collect it.

Let's discuss this.
I certainly don't know the people you are talking about but my experience has shown me that when people have the capabilities to advance themselves they do. I could be wrong, my wife will testify to that but share some more info before I put my foot in my mouth.
What actions do they take or not take that makes you call them, "deadbeats."
What makes you think they don't want to work?
What is it they are blatant about?
"rent-by-the-week furniture" sounds like they are struggling, how do you interpret it?

[cabinover]

If I can drive by at any hour of the day and see these folks sitting on the porch, car in driveway, kids out playing in the sprinkler. To me that spells welfare. Then again I could be mistaken and they are independently wealthy.

I agree on people with capabilities however I believe some of these folks have figured out that it's so much easier to do a little under the table and collect than it is to have and keep a real job that produces for the family, town, and country.

I really believe it's a whole thought process now, passed down through the last couple generations, that someone else should pay your way through life. Sorry, I wasn't raised that way.

I can agree that rent-by-the-week would indicate less than ample reserves. Having said that it doesn't take a rocket scientist to figure out that you could buy that $2000.00 computer for a meager $500.00 at WalMart for instance. Same goes with all of that furniture. SAVE THE MONEY until you can pay cash rather than pissing it away every week for someone else's benefit.

As an aside I have a hard time with the business ethics of rental companies like these. I'm all for business and making a profit but the profits these companies SHOULD make (I realize there will be losses and maybe said losses eat most of the profits, I don't know) are simply outrageous. Maybe the great one could regulate them.

I submit the rest of my time to Senator Noonereal.

[merrylander]

This is a problem and so far no one has found a good solution. I'll give you an example of sorts. Many years ago back in Canada there was a means test for the old age pension (there still is to an extent because if your total income is above some limit the pension can be reduced). However, the means test back then did not even allow you to own your home. Even in the small town I grew up in I recall an elderly couple who had paid all their dues and had acquired a modest cottage but no significant pension, do what many elderly people did. They deeded the house to their son and thus qualified for the pansion. The son ran short of money and sold the house.

The Conservative government of that time (the same one that brought Single Payer to health care) thought this was unfair and abolished the means test.

Perhaps some lazy people are getting the old age pension but I think that solution was for the greater good.

[merrylander]

While riding around on the tractor mowing the grass I started thinking about taxes and I think the Republicans are the tax'em guys. I worked up until age 73, I wanted to defer my SS until I retired. They would not let me although there is a provision for just that idea, it pushed me into a higher tax bracket for 8 years. At 70 and 1/2 they made me make a minimum withdrawal from my 104k, yet another higher tax bracket for 2-1/2 years. Bunch of effing thieves IMHO.

[Charles]

Originally Posted by merrylander

While riding around on the tractor mowing the grass I started thinking about taxes and I think the Republicans are the tax'em guys. I worked up until age 73, I wanted to defer my SS until I retired. They would not let me although there is a provision for just that idea, it pushed me into a higher tax bracket for 8 years. At 70 and 1/2 they made me make a minimum withdrawal from my 104k, yet another higher tax bracket for 2-1/2 years. Bunch of effing thieves IMHO.

I'm afraid they're all tax'em guys. And it's gonna get worse before it gets better.

It's not just the money, it's the power that goes with the money that politicians, of all stripes, are addicted to. About all an election does is make the bastards come out of the palace and suck up to us serfs...at least for a little while.

It must really frost their asses to have to pretend that they're "one of us". If someone ever invents a decent robot, and mass produces them, the politicians will get rid of us serfs.

Chas