Politicstaxes

Fri Sep 4, 2015, 02:27 PM

Fiorina: Get Tax Code 'Down To About 3 Pages'

Hell yeah!

http://www.breitbart.com/video/2015/09/04/fiorina-get-tax-code-down-to-about-3-pages-lower-every-rate-and-close-every-loophole/
FIORINA: GET TAX CODE ‘DOWN TO ABOUT 3 PAGES’ ‘LOWER EVERY RATE, AND CLOSE EVERY LOOPHOLE’
Fiorina stated, “We now have a 73,000-page tax code. And you know what that does? It advantages the big, the powerful, the wealthy, and the well-connected. Because only big companies, powerful interests, and wealthy and well-connected people can hire all the lobbyists, accounts, and lawyers you need to figure out that 73,000-page tax code and how to make it work for you. So, we’ve got to get it down to about 3 pages, literally. So that a small business owner doesn’t need to hire anyone, he or she can figure it out. So that a family doesn’t have to labor over some online program to figure out their . Three pages requires us, fundamentally, as a design principle, to say we’re going to lower every rate, and close every loophole. Most of the loopholes benefit the wealthy and the well-connected, not the middle class, and certainly not the small-business owner.”

21 replies, 1081 views

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Arrow 21 replies Author Time Post
Reply Fiorina: Get Tax Code 'Down To About 3 Pages' (Original post)
Jack Burton Sep 2015 OP
His Daughter Sep 2015 #1
Jack Burton Sep 2015 #4
Doctor_R Sep 2015 #13
Jack Burton Sep 2015 #17
Doctor_R Sep 2015 #19
Ohio Joe Sep 2015 #2
Doctor_R Sep 2015 #3
In The Mood Sep 2015 #5
exindy Sep 2015 #7
exindy Sep 2015 #6
Ms.Eloriel Sep 2015 #8
Jack Burton Sep 2015 #9
Ms.Eloriel Sep 2015 #16
Jack Burton Sep 2015 #18
Ms.Eloriel Sep 2015 #21
Doctor_R Sep 2015 #20
Aktod Sep 2015 #10
Jack Burton Sep 2015 #12
JoePolitics Sep 2015 #11
Jack Burton Sep 2015 #14
GiovanniJones Sep 2015 #15

Response to Jack Burton (Original post)

Fri Sep 4, 2015, 02:54 PM

1. The tax code needs a serious rethink from the bottom up

But 3 pages is an unrealistic expectation.

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Response to His Daughter (Reply #1)

Fri Sep 4, 2015, 03:06 PM

4. Unrealistic because

* you think that politicians won't do it?
* you think the tax code needs to be more complex?
* other?

I'd like to see something even shorter than 3 pages. Something like "The only federal tax is a 15% national sales tax on all goods and services. NO exceptions. It is the seller's responsibility to pay the tax."

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Response to Jack Burton (Reply #4)

Fri Sep 4, 2015, 05:31 PM

13. I agree, EXCEPT,

it's the BUYERS responsibility to pay the tax.

No deductions. No exceptions. No income limits.

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Response to Doctor_R (Reply #13)

Fri Sep 4, 2015, 05:40 PM

17. a matter of semantics??

Last edited Fri Sep 4, 2015, 07:06 PM - Edit history (1)

The buyers will pay the tax. The sellers will collect and transfer the tax to the government. This is a more precise description of what I meant to say.

I think imposing the tax payment requirement on sellers is less disruptive as most all businesses already have mechanisms in place to pay state, local, federal sales taxes. The supermarket and gas station is already tracking tax on that candy bar sale. Requiring every individual to keep track of all their purchases from food, to gasoline, to clothes, etc. and then report and pay taxes to the government would probably result very few taxes actually collected.

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Response to Jack Burton (Reply #17)

Fri Sep 4, 2015, 05:47 PM

19. The responsibility to

PAY taxes is on the buyer. The responsibility to TRANSFER COLLECTED TAXES TO THE COLLECTOR is on the seller.

Agree.

Anywhere between 15% and 22% seems fair and adequate to sustain the current level of spending. (Which in my opinion is WAY too high.)

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Response to Jack Burton (Original post)

Fri Sep 4, 2015, 03:02 PM

2. When will she show us these 3 pages...

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Response to Jack Burton (Original post)

Fri Sep 4, 2015, 03:03 PM

3. How about three

PARAGRAPHS?

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Response to Jack Burton (Original post)

Fri Sep 4, 2015, 03:39 PM

5. Sheesh. The tax attorneys, the CPAs, and the "enrolled agents"

aren't going to be happy....

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Response to In The Mood (Reply #5)

Fri Sep 4, 2015, 04:14 PM

7. Who cares.

They don't work for me cause I can read, do arithmetic and have take the standard deduction for almost 20 years.

In fact, I paid more income taxes last year than GE did.

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Response to Jack Burton (Original post)

Fri Sep 4, 2015, 04:12 PM

6. Why is she telling us?

The gop has been nominally in charge of the congress since 1994 except for a short time when they spent their days filibustering and their nights on fox talking about the congress doing nothing.

The gop hasn't done shit for 21 years and now we're supposed to elect them some more?

Oh yeah, this time it'll be different.

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Response to Jack Burton (Original post)

Fri Sep 4, 2015, 05:19 PM

8. Just when I thought she was about to make some sense

Not that I would ever support her -- but, still. More sense than Trump, let's say.

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Response to Ms.Eloriel (Reply #8)

Fri Sep 4, 2015, 05:20 PM

9. So do you like the current tax code?

Or would you change it if you could?

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Response to Jack Burton (Reply #9)

Fri Sep 4, 2015, 05:34 PM

16. I'd probably make a lot of changes to it -- but

a 3 page tax code is not the a feasible outcome.

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Response to Ms.Eloriel (Reply #16)

Fri Sep 4, 2015, 05:42 PM

18. Are you in favor of tax simplification

as a general principle? Personally I think 80,000 pages is beyond ridiculous.

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Response to Jack Burton (Reply #18)

Fri Sep 4, 2015, 06:21 PM

21. Yes, as long as you're not talking

about a flat tax.

I agree re the current size.

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Response to Ms.Eloriel (Reply #16)

Fri Sep 4, 2015, 05:50 PM

20. Me too.

Three paragraphs, or even better, three sentences, would be ideal.

"The tax rate shall be 15%." The other two sentences can just be the usual government over-speak.

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Response to Jack Burton (Original post)

Fri Sep 4, 2015, 05:27 PM

10. It really could be boiled down into a couple tables...

...One to outline the brackets (in which ALL income is treated the same), one to outline deductions, and one for anything I forgot, heh.

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Response to Aktod (Reply #10)

Fri Sep 4, 2015, 05:31 PM

12. Just think

how a simplified tax code would drastically reduce
1. the power of politicians
2. the need for K street lobbyists and special interest groups
3. tremendous government overhead costs
4. government control over the people

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Response to Jack Burton (Original post)

Fri Sep 4, 2015, 05:30 PM

11. The queen of "right-shoring" American jobs said what?????

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Response to JoePolitics (Reply #11)

Fri Sep 4, 2015, 05:32 PM

14. I'm less concerned about what people did in the past

than what I think they will do in the future. If Bernie Sander pushed a flat tax or fair tax and I thought he could push it through I'd vote for him.

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Response to Jack Burton (Original post)

Fri Sep 4, 2015, 05:33 PM

15. Hell, I can whittle it down to three words:

Pay Your Taxes.

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