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Asking for your thoughts

Day 530, 16:53 • Published in USA USA

• by HeadmistressTalia

Congress once again wants to tinker with the tax code! The current plan is to lower the VAT from 3% to 1%. Some seem to want to pair this with increasing the income tax from 20% to 21%. Now while I like lower taxes (who doesn't!), the government will lose income unless we increase taxes elsewhere. The first attempt at this was the weapons tax which failed (I voted no). note the VAT was INCREASED, again to try and gain money based on war.

The next attempt was with gift taxes. Which passed (again, I voted no - due to now planned budget cuts to "pay" for the reduced income). Note the income tax wasn't increased.

I'm confused as to where we're going, and quite honestly I want to know what you're thinking? Should we muck with the tax structure? If so do we lower VAT to 1% and increase income tax? If not, where do we cut the budget?

Please talk to me!

Comments

pcmetoo Day 530, 17:03

VAT should be increased so every citizen'll learn to buy responsibly and in accordance to needs

Gaius Julius Day 530, 17:06

Theoretically an income tax interferes the least with a laissez-faire free market. By lowering the Vat we are insuring the cheapest market prices.

Gaius Julius Day 530, 17:08

Oh yeah and please support Kyle/jewitt for Prez!!! Sorry I spammed...

dbuck2001 Day 530, 17:21

I think only one or 2 people want to raise the income tax, most congress members won't let it go higher, heck 20% is too high in my book.

Lowering the VAT, makes it cheaper for the people to buy things.

mjdiv Day 530, 17:35

Talia -

I agree; we should "cute" the budget 😃.

But seriously, I don't think we should increase income taxes over 20% ever. I think it should even be lowered a bit, except in the event that war came to our soil and we needed the extra income spike for immediate use to defend our country.

Carr29 Day 530, 17:40

i noticed that the top five nations all have a high import tax (except eusa)

dbuck2001 Day 530, 17:46

raising import taxes is something else the current Congress is working on, it just takes small steps

Aang Airbender Day 530, 17:59

I say no to any income tax higher than 20%. I do like the idea of having lower VAT with the exception of luxury items such as guns. The idea there was that the higher VAT on Guns would counter the effect of lower VAT on everything else.

That being said, I am open to any ideas.

GregTuretzky Day 530, 18:39

Raising the vat across the board, accompanied by raising import taxes a bit and lowering income taxes would be revenue neutral, and give much needed relief to the people of eUSA.

Sabotage75 Day 530, 18:44

Nice article.

Great idea to request opinions from your constituents. 🙂

I've been trying to do something similar, but I don't seem to be getting much of a response.

Buck Industries Day 530, 19:07

@ GregTuretzky - you do realize by raising VAT you are raising the price on said product...

axilla364 Day 530, 20:47

Well this all depends on what the goals of the nation are. If this is wartime money needs to be raised to support that while keeping the taxes low on weapons. If this is a time for growth the government needs to lay off the taxes and let there be market growth.

Telling people to stockpile weapons while while attempting to increase the tax rate on them is just plain shady business on the part of the government.

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