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Forums - Politics - Romney wants to eliminate the capital gains tax for people making under $200,000.

SamuelRSmith on 27 September 2012
mrstickball said:
Flat tax, fair tax, or bust.

He's just playing with a failed tax system.


There's something about the name of "fairtax" that really irks me.

Also, it's a big worry, because unless the income amendment is repealed from the Constitution... it'd effectively mean that any future Congress could impose an income tax AND a sales tax, and there's noway the current Congress would repeal that amendment, and there's no way a future Congress won't make use of both tax avenues.



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mrstickball on 27 September 2012
SamuelRSmith said:
mrstickball said:
Flat tax, fair tax, or bust.

He's just playing with a failed tax system.


There's something about the name of "fairtax" that really irks me.

Also, it's a big worry, because unless the income amendment is repealed from the Constitution... it'd effectively mean that any future Congress could impose an income tax AND a sales tax, and there's noway the current Congress would repeal that amendment, and there's no way a future Congress won't make use of both tax avenues.


I fully understand and agree with that. Gary Johnson (the guy I'm voting for) wants to abolish the IRS wholesale as well as all other tax, and simply put in the FairTax as the one and only tax in America (sans maybe tariffs, but I don't think he wants those, either).



Back from the dead, I'm afraid.

SamuelRSmith on 27 September 2012
mrstickball said:
SamuelRSmith said:
mrstickball said:
Flat tax, fair tax, or bust.

He's just playing with a failed tax system.


There's something about the name of "fairtax" that really irks me.

Also, it's a big worry, because unless the income amendment is repealed from the Constitution... it'd effectively mean that any future Congress could impose an income tax AND a sales tax, and there's noway the current Congress would repeal that amendment, and there's no way a future Congress won't make use of both tax avenues.


I fully understand and agree with that. Gary Johnson (the guy I'm voting for) wants to abolish the IRS wholesale as well as all other tax, and simply put in the FairTax as the one and only tax in America (sans maybe tariffs, but I don't think he wants those, either).


Would he amend the constitution to eradicate the income tax? Hell, is a fair tax even constitutional, at the moment?



mrstickball on 27 September 2012

I believe the 16th amendment merely allows for the collection of income taxes, but does not require it.



Back from the dead, I'm afraid.

SamuelRSmith on 27 September 2012
mrstickball said:
I believe the 16th amendment merely allows for the collection of income taxes, but does not require it.


But, clearly, this would need to be amended to allow for a general sales tax. Or, an additional amendment will be required for a general sales tax. Unless Johnson wanted to act unconstitutionally... which would be a disastourous step for the first Libertarian President.

But, Johnson's gone down in my estimations since declaring a case against the debate committee under the Sherman Act. What libertarian actually supports that law? Let alone use it to clearly get leverage in the engagement of private institutions.

"I'm here to make a case for free markets... but I can only make this case because I used a law that interferes with the free market (and, in doing so, increase future Government power)."