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RE: No, it’s not that (nm)

Posted on: January 27, 2025 at 18:08:54 CT

sks MU

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M.O.B. Votes:

Replacing income tax with a consumption tax would not be good. Very regressive. Shifts much of the tax burden from the rich to the poor and middle class.

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Don’t threaten me with a good time Bessent - Bosalphus KC - 1/27 17:44:25

So basically, tax cuts for the rich paid for by the poor and - SparkyStalcup MU - 1/27 17:50:23

How would the poor and middle class pay? - Wildcat KSU - 1/27 19:43:09

Have you read any of this thread? If so, it went way - SparkyStalcup MU - 1/27 21:11:44

Did you read what I replied to? - Wildcat KSU - 1/27 22:17:00

A consumption tax is only paid when you purchase a good or - tigertix MU - 1/27 18:57:59

RE: A consumption tax is only paid when you purchase a good or - sks MU - 1/27 19:30:40

Nope, they spend $50k / year just like the poor folk - Bosalphus KC - 1/27 19:05:58

No it would be a tax rate indiscriminate of income(nm) - El-ahrairah BAMA - 1/27 18:22:10

No, it isn't. The rate might be flat, but middle class and - SparkyStalcup MU - 1/27 18:39:08

It's really dumb to assume equal spending levels (nm) - Bosalphus KC - 1/27 18:44:52

And it's more dumb to think the rich and poor both spend - SparkyStalcup MU - 1/27 21:09:48

They can fix in two ways - El-ahrairah BAMA - 1/27 18:44:26

Can't really spend less if they want to live. Nm - SparkyStalcup MU - 1/27 21:10:33

That new iPhone and flat screen aren't going to buy - Bosalphus KC - 1/27 18:45:35

No, it’s not that (nm) - Bosalphus KC - 1/27 17:57:01

RE: No, it’s not that (nm) - sks MU - 1/27 18:08:54

People can control what they spend money on - Bosalphus KC - 1/27 18:11:17

People at lower incomes spend a higher percentage of - SparkyStalcup MU - 1/27 18:31:15

You both seem to think the poor can't control their - Bosalphus KC - 1/27 18:44:10

They can control to a small extent what they spend it - SparkyStalcup MU - 1/27 21:08:34

Should the money I spend on - haeffb MU - 1/27 18:59:29

income tax doesn't discriminate on what you spend your - 90Tiger STL - 1/27 19:44:05

It sure doesn’t. - haeffb MU - 1/27 19:50:21

Then donate more of your own money (nm) - Bosalphus KC - 1/27 20:01:15

Sure why not? (nm) - Bosalphus KC - 1/27 19:05:13

RE: You both seem to think the poor can't control their - sks MU - 1/27 18:53:57

RE: People at lower incomes spend a higher percentage of - sks MU - 1/27 18:36:21

Unfortunately it's basically only you and I that understand - SparkyStalcup MU - 1/27 18:40:33

No, this is where you’re wrong. - haeffb MU - 1/27 18:53:36

Says the posters who advocate - Bosalphus KC - 1/27 19:05:33

You don’t? (nm) - haeffb MU - 1/27 19:12:27

Of course not (nm) - Bosalphus KC - 1/27 19:17:14

Roads, schools, police, national defense - haeffb MU - 1/27 19:25:45

You seem lost in this thread - Bosalphus KC - 1/27 19:29:37

Oh, I see. You just prefer it taken from your wallet - haeffb MU - 1/27 19:44:48

RE: People can control what they spend money on - sks MU - 1/27 18:14:55

But everybody doesn’t spend the same amount of $$$ - Bosalphus KC - 1/27 18:20:40

RE: But everybody doesn’t spend the same amount of $$$ - sks MU - 1/27 18:27:08

They don't spend money at the same rate - Bosalphus KC - 1/27 18:48:41

RE: They don't spend money at the same rate - sks MU - 1/27 18:52:18

Of course I do - Bosalphus KC - 1/27 19:04:44

RE: Of course I do - sks MU - 1/27 19:35:32

And don't forget that state and local taxes are regressive - SparkyStalcup MU - 1/27 18:33:39