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Federal VAT Consumption Tax -Required


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Yep, that is Biden's plan Robo but its everyone taxes going up not just the rich ALL of Trumps tax cuts are going to go away, if Biden has his way, including those that helped the middle class, so if you make 75k get ready to pay 1700 dollars a year in more taxes.

I am sure the struggling families who are paying a lot more for everything due to Bidenflation are going to love having even less in their paychecks.

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9 hours ago, robosmith said:

Or we can just raise taxes on high incomes that were cut by Trump.

And/or tax wealth on multi-billionaires that pay very little Federal taxes due to token income.

You realize don't you that "taxing the rich" even at 100% wouldn't be enough to pay for all the spending the left has already done and wants to continue to do. 

Half of the American population already doesnt pay any federal income tax. 

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11 hours ago, August1991 said:

1. The US federal spending obligations and tax revenues are unsustainable

2. A US federal government must impose a federal sales tax. Just read one of robosmiths posts 

 

1. Agreed

2. Agreed but it must also cut spending severely which will never happen. Taxes are no longer about generating revenue. Taxes are now a weapon. 

Edited by Yakuda
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11 hours ago, robosmith said:

Or we can just raise taxes on high incomes that were cut by Trump.

And/or tax wealth on multi-billionaires that pay very little Federal taxes due to token income.

Why do you lie when it is so easy to refute?

The average income tax rate in 2021 was 14.9 percent. The top 1 percent of taxpayers paid a 25.9 percent average rate, nearly eight times higher than the 3.3 percent average rate paid by the bottom half of taxpayers.

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

 

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2 hours ago, Yakuda said:

You realize don't you that "taxing the rich" even at 100% wouldn't be enough to pay for all the spending the left has already done and wants to continue to do. 

Half of the American population already doesnt pay any federal income tax. 

It's easy for you to post bullshit but impossible for you to prove it.

We're already paying for the spending passed, it's just coming from MORE expensive borrowing instead of pay as we go thanks to Republicon record tax CUTS.

7 minutes ago, gatomontes99 said:

Too bad your random statistics don't "refute" jack.

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19 minutes ago, robosmith said:

It's easy for you to post bullshit but impossible for you to prove it.

We're already paying for the spending passed, it's just coming from MORE expensive borrowing instead of pay as we go thanks to Republicon record tax CUTS.

Too bad your random statistics don't "refute" jack.

Tax the evil rich right Benito? 

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The entire world understands the value and reasons for a VAT/GST but the USA's the only one that refuses one.

Proving once again that only the USA is right and the rest of the world is wrong.

It's just so unfair a street person pay an extra nickel on a candy bar and a billionaire must pay a whole 1/2 million on a new yacht. And rebates are just too hard to understand and are communist income redistribution too!

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32 minutes ago, robosmith said:

^Makes stupid assumptions and childish name calling cause you got nothing better. 🤮

How old are you? I'm guessing under 13.

Be proud of your hatred Benito. Your namesake was. 

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2 hours ago, robosmith said:

It's easy for you to post bullshit but impossible for you to prove it.

We're already paying for the spending passed, it's just coming from MORE expensive borrowing instead of pay as we go thanks to Republicon record tax CUTS.

Too bad your random statistics don't "refute" jack.

They actually refute everything you said. But ok.

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I would vote for the following... have every cabinet dept trim its budget by 1% every year for the next 5. The second item is that use or lose it grant funding would cease. To have where someone can request less funds one year and more next year... and so on would trim the budgets greatly. 

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17 hours ago, August1991 said:

1. The US federal spending obligations and tax revenues are unsustainable

2. A US federal government must impose a federal sales tax.

 

Or, hear me out, we can stop spending so much, reform entitlement programs. 

If we are going to brag about how great Europe is doing, lets cut our military spending and they can up theirs to protect themselves more and meet their NATO obligations. 

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