It's my opinion that all our political shortcomings at every level, be it consumer prices, inflation, immigration, health care, national debt, education or simply taxation in general, all stem from the income tax and central banking.

To see the evil they produce, all one must do is take any of the political crises of today and ask, what is the root cause?

The daring individual will quickly see that only because of the direct revenue power created from the income tax can the central state find the unenumerated authority to tax the fruits of one citizen’s labor and redistribute those blessings in manners that are only designed to ensure reelection for the national intellectuals.

If income remains nationalized, the Federal Reserve will keep printing, causing prices, taxes and hostile insecurities to steadily rise as the dollar falls.

I leave you with these points. Barely 50 percent of Americans pay income taxes. Karl Marx said the first step in destroying a free commerce society is a “progressive income tax.” The remedy is this simple. Abolish the income tax and let individuals keep what they earn. Always remember, inflation is taxation.

Chase Bodie

Dickinson

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(24) comments

Gary Scoggin

Without an income tax, how do you propose we raise the funds necessary for fire, police, roads, defense, and other public services?

Carlos Ponce

Funds for police departments usually come from local property taxes, not income taxes. Same for most city fire departments.Texas has no state income tax.

Gary Miller

Carlos> States with no income tax have the best governments that don't use taxes to punish or reward citizens. With holding taxes weekly is theft by government by taking income before it's due. Just as bad is requiring some workers to estimate future income for quarterly taxation.

Michelle Aycoth

I propose we go a step further and tax total worth at 35% a year, you onboard Gary ?

Gary Scoggin

Nope

Ed Buckner

FWIW, I think that level of wealth taxation (35% a year) would be far too draconian and intrusive, Michelle Aycoth. But I do support a much more modest wealth tax, something along the lines of 2% annual tax on wealth greater than what most Americans have (a la Elizabeth Warren's proposals). Imagine two individuals--A works hard and honestly for his income of $100,000 a year; B earns $2,000,000 a year from growth in his stock portfolio without lifting a finger. Is it unreasonable to ask B to pay a higher percent on his earnings AND pay a small portion on the wealth needed to derive that sort of income? Not in my opinion. The incredible financial disparity we have in this country now is dangerous to the peace and prosperity of the nation, aside from simple injustice.

Chase Bodie

Inflation and economic regulation are two of the main causes of the financial disparity you speak of. Poverty stricken citizens financially fall farther behind, the middle class eventually gets printed into non existence, and the carpet baggers at the top gain perpetual monopoly status with no regard to consumers.

Gary Miller

Ed . Worker B's wealth was bust hiring workers to staff the factory it financed. As important or more so than worker A's hard work. Worker A earned his $100,000 in a job worker B made possible. Without A and B government is a failure.

Gary Miller

No way!

Ed Buckner

Well, Gary Miller, i guess that settles that.

Gary Miller

Gary S. > Much ado about a secretary paying more Income taxes than her billionair boss. Of course she did because she earned more taxable income. Her boss may not have had any taxable earned income to pay "income" taxes on. His taxes on other types of income exceded her taxes by a billion times.

Gary Scoggin

While I can understand arguments pro and con about progressive tax rates, my preference for income taxes is the flatter the better and with very few deductions. Perhaps I could support a few exemptions at the lower income levels (maybe exemptions for social security and disability payments or some such) but in general I don't favor using tax policy as a budgeon to try to motivate social engineering.

I could even report a statewide income tax IF it were used to largely offset sales taxes, which are the most regressive taxes at all. The worst of all worlds are high income taxes AND high sales taxes like in California and in European countries that collect a VAT (Value Added Tax).

Gary Miller

Gary S. A low rate tax with no exemptions wouldn't include other forms of taxation like SS, property, import/ export, capital gains, excise or anything else politicians invent. One low rate for local county, state and Federal would end the use of taxes to reward or punish income earners. A national sales tax would be collected locally by business and distributed to all government service providers depending on how voters want services funded. Modern computers can handle the calculations without any strain.

Gary Scoggin

I'm not in favor of a national sales tax. As I said earlier, sales taxes are the most regressive taxes there are. While I'm not a big fan of progressive tax rates, I'm certainly not a fan or regressive ones.

In general on the local level I prefer property-based or income-based taxes over sales taxes. Again, the flatter the tax and the fewer deductions, the better. The main exception here is gasoline taxes for transportation where people that use the roads actually tend to pay for their construction and upkeep. (I know this system isn't perfect but it's philosophically more or less correct.)

As far as what tax rates should be, I think they should be high enough for governments at all levels to operate without deficits over the long run. People should realize what governing actually costs instead of asking our children and grandchildren to subsidize it for us.

Gary Miller

Gary S.> My version of a perfect tax code would be a progressive national sales tax. Progressive in that Health care, food and clothing would be taxed at a lower rate. This tax would replace all other taxes except import and export taxes. Business would collect the taxes and report/return them to states. States would share them with federal government based on population from census numbers. Eliminating unfunded federal mandates.

Dan Freeman

I join Oliver Wendell Holmes in believing taxation is a necessary requirement for civilization. Moreover as Adam Smith proposed a progressive tax is the best form. Adam Smith in The Wealth of Nations (Book V, chapter 2) set down four general canons:

I. The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.…

II. The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.…

III. Every tax ought to be levied at the time, or in the manner, in which it is most likely to be convenient for the contributor to pay it.…

IV. Every tax ought to be so contrived as both to take out and keep out of the pockets of the people as little as possible over and above what it brings into the public treasury of the state.…

https://www.britannica.com/topic/taxation/Principles-of-taxation

Ed Buckner

Chase Bodie's letter is fairly standard right-wing nonsense, based on an ill-informed pretext that every person's income is earned without any aid from the complex web of economy and society all around him. No individual or corporation can function in this economy without substantial support--roads, defense, laws, police, schools and more--from society. Of course individuals' efforts matter, too. But the wildly unequal rewards and the disparate benefits are in part unearned. Income taxes are not perfect ways of raising needed revenue, but they are significantly fairer and more effective than other methods. Dan Freeman, with a bit of help from Adam Smith, sums up much of this well. Simplistic approaches like Chase Bodie's deserve to be rejected quickly.

Chase Bodie

So reject a simplistic common sense system, but favor a complex autocratic, bureaucratic, ponzi scheme of a system that promotes financial delinquency, continuous debt and constant inflation? I believe in true Democratic-Republicanism, fiscal responsibility and Constitutional integrity. I can’t think of one right winger that shares my beliefs.

Gary Miller

Dan> Taxes are required but our income tax is not. Progressive sounds good but is used often to punish or reward. Over a third of our Socialist Progressive tax is used for collecting taxes. A third of citizen cost of the income tax is paying for tax preparation. Millions of fellow taxpayers work in the tax preparation industry. A flat tax would reduce that to less than 2 %. A national sales tax could reduce it even more. When the Soviet Union collapsed Russia adopted a flat tax. Revenues increased so much they cut the rate every other year from 15 %,14%, 13%, until a final 10%. Russian citizens didn't have to pay for a tax collection industry anymore. Putin has returned to the old system because a flat tax doesn't provide anyway to punish or reward enemies or friends. Our progressive tax system is used for reward or punishment with every change.

Dan Freeman

Figures you would prefer Putin's Russia to our system. Please move.

Gary Miller

Dan> A stupid comment. I would prefer a flat tax to our socialist tax code but what Russia has now is even worse. Today, 7 10, Pres Biden announced he want to increase IRS audits by double or more depending on how many agents can be hired. Progressives claim most taxpayers are opponents of progressive policies. Ya think Biden wants to punish his opponents?He is still cutting US energy while asking his OPEC friends to increase production. Reward friends, punish opponents?

Gary Miller

Dan> Adam Smith and Karl Marx were in agreement on taxes.

Dan Freeman

Citation please?

Gary Miller

Dan. Your comments indicate it is you who need to look it up. Educate your self before proving you don't know what you are talking about

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