[quote]tedro wrote:
[quote]usmccds423 wrote:
[quote]pat wrote:
[quote]usmccds423 wrote:
[quote]Bismark wrote:
[quote]usmccds423 wrote:
Cruz is very intelligent, but brightest in that room, I donno. If he is, it isn’t by a large margin. I don’t think his tax plan will work largely because I don’t think a flat tax will pass.[/quote]
What do you think of a flat tax?[/quote]
I’m not a huge fan of a flat tax on income. I’d prefer to see a flat consumption tax. It’s largely irrelevant though because it’s unlikely we will get away from the progressive income tax structure.[/quote]
I’d take either over the current tax code. And we probably won’t actually manage to dismantle the current bureaucracy but you never know. I’d rather have a president who wants to change it than one that wants to keep it the same and just tax more.
I would love to see the IRS dismantled and shelved. Estimates vary widely but I have seen on average 300 to 440 billion dollars annually just to manage the current tax structure. Imagine what just eliminating that overhead would do for the government coffers and the economy.
The main point is it can be done. Whether it will be is something else, but I am for somebody at least trying. [/quote]
Ahhh, dismantling the IRS would have a number of unintended economic consequences and someone has to collect the taxes.[/quote]
Like the States?
The vast majority of them already collect a state sales tax, so the infrastructure for a consumption tax is nearly in place.[/quote]
If we are talking about a consumption tax then ya, I think the states could collect it, but you’d still need a federal revenue collector.
What I really meant was that you might save federal tax dollars, but states will need more resources to collect a federal consumption tax and you’d be talking about a lot of lost jobs, both public and private, if the code is simplified.
I’m not saying that’s a bad think, but it’s a consequence we should be aware of.