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Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?

 
Anonymous Coward
User ID: 1018225
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01/24/2013 11:48 AM
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Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Why doesn't the government abolish all taxes levied against individuals, products and corporations and instead place a flat tax on the production of money?
The old system of taxation we use was designed for a time when there was no central currency.
Personal taxes are traditionally based on goods produced by individuals like percentages of crops.
There is no reason for a modern government to operate such a system of taxation as everything passes through a central currency exchange and as such the production should be the only operation taxed.
Anonymous Coward (OP)
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01/24/2013 11:52 AM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
IT would be simple for every ten dollars produced the government gets two.
The government gets what it needs and the people can afford to live.
Anonymous Coward
User ID: 1490522
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01/24/2013 11:56 AM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Because it would be fair. They don't want fairness, taxes are used as tools to bribe their corporate sponsors and dole out to their supporters (more bribes).

A fair and just tax system will NEVER, EVER happen until we get a completely new Government.
Anonymous Coward (OP)
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01/24/2013 11:56 AM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
It could abolish all federal taxes and the IRS saving loads of money and logistics of transferring money from individuals to the government.
State taxes would still be levied but the savings to everyone would be astronomical.
Anonymous Coward (OP)
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01/24/2013 11:58 AM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Because it would be fair. They don't want fairness, taxes are used as tools to bribe their corporate sponsors and dole out to their supporters (more bribes).

A fair and just tax system will NEVER, EVER happen until we get a completely new Government.
 Quoting: Anonymous Coward 1490522


The government is still by the people for the people and if enough of us want a fair tax system it can happen.
Anonymous Coward (OP)
User ID: 1018225
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01/24/2013 11:59 AM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Just imagine the incentive for businesses to set up, it would be another industrial revolution and the economy would be repaired over night.
Anonymous Coward (OP)
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01/24/2013 12:02 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Tax removal for all corporations and individuals, upper middle and lower class tax exempt.
A candidate pushing this plan would have unimaginable support from both sides constituents.
Any candidate would become elected pushing this idea.
Anonymous Coward
User ID: 32877937
United States
01/24/2013 12:07 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
You have good points, but you have got the foundation of taxation in the USA wrong. It was created as war rationing for WWII. The tax code did not exist in the USA before that.

Do your research. There are lots of scholarly papers that prove it, but even your temporary hired, 17 year old, local H&R tax season helper can explain this fact about the tax code to you.

I guess they keep it this way to honor the still living WWII vets. When the last one of them dies, we need to force the government to change. Or this guy will:

matrix
Anonymous Coward (OP)
User ID: 1018225
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01/24/2013 12:14 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
You have good points, but you have got the foundation of taxation in the USA wrong. It was created as war rationing for WWII. The tax code did not exist in the USA before that.

Do your research. There are lots of scholarly papers that prove it, but even your temporary hired, 17 year old, local H&R tax season helper can explain this fact about the tax code to you.

I guess they keep it this way to honor the still living WWII vets. When the last one of them dies, we need to force the government to change. Or this guy will:

matrix
 Quoting: Anonymous Coward 32877937


Yes the federal tax was not intended by the founding fathers but there is not enough support from the constituents of the two parties to abolish it because of fear of the government collapsing.
The proposition of this would not be undermine-able by fear.
The government would still get its money but people wouldn't be paying. Its a win win with no argument I can see available to the people in charge.
Anonymous Coward (OP)
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01/24/2013 12:19 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Remember when the current tax system was implemented money was backed by gold and the government claiming a percentage of that gold as theirs was unacceptable. So they taxed peoples work and earnings of the gold but this system is based on commodities not empty paper.
The government could just claim some of the paper and no one would be loosing anything.
Mad Pole

User ID: 20676524
United States
01/24/2013 12:20 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Flat tax is just another racist way of holding my people down. We struggle enough.
Mommas youngest getting paper like the oldest one.. We living better guess God felt he owed us one.

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i was born a sweet lil babi but them staven streets raized me up crazy

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I always give 100% at work: 13% Monday 22% Tuesday 26% Wednesday 35% Thursday 4% Friday
Anonymous Coward
User ID: 32877937
United States
01/24/2013 12:22 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Yes the federal tax was not intended by the founding fathers but there is not enough support from the constituents of the two parties to abolish it because of fear of the government collapsing.
The proposition of this would not be undermine-able by fear.
The government would still get its money but people wouldn't be paying. Its a win win with no argument I can see available to the people in charge.
 Quoting: Anonymous Coward 1018225


You are correct. But if you dig a little deeper, you'll find that the government could easily support itself on many different, modern, non-war based taxation systems. They have been proposed ad nauseum by brilliant and simple people for generations.

The government would not collapse, but the ego's of politicians would collapse.

For example, the true reason there is a consumption tax every where in the world but the USA is because it allows criminal activity to flourish. "Criminals" such as drug dealers and prostitutes make their money tax free and spend their money tax free. The 16 year old kid picking vegetables for minimum wage pays taxes.

Its about control. It is easier to tax and control good people than those who cheat. Politicians want the most ego boost they can get from the least amount of work. They would not get an ego boost from a consumption based tax model. They don't want to do the work to tax cheaters.
Anonymous Coward (OP)
User ID: 1018225
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01/24/2013 12:22 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Flat tax is just another racist way of holding my people down. We struggle enough.
 Quoting: Mad Pole


LOL flat tax of the bank, no tax to people.
Anonymous Coward (OP)
User ID: 1018225
United States
01/24/2013 12:25 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Yes the federal tax was not intended by the founding fathers but there is not enough support from the constituents of the two parties to abolish it because of fear of the government collapsing.
The proposition of this would not be undermine-able by fear.
The government would still get its money but people wouldn't be paying. Its a win win with no argument I can see available to the people in charge.
 Quoting: Anonymous Coward 1018225


You are correct. But if you dig a little deeper, you'll find that the government could easily support itself on many different, modern, non-war based taxation systems. They have been proposed ad nauseum by brilliant and simple people for generations.

The government would not collapse, but the ego's of politicians would collapse.

For example, the true reason there is a consumption tax every where in the world but the USA is because it allows criminal activity to flourish. "Criminals" such as drug dealers and prostitutes make their money tax free and spend their money tax free. The 16 year old kid picking vegetables for minimum wage pays taxes.

Its about control. It is easier to tax and control good people than those who cheat. Politicians want the most ego boost they can get from the least amount of work. They would not get an ego boost from a consumption based tax model. They don't want to do the work to tax cheaters.
 Quoting: Anonymous Coward 32877937


Consumption tax still weighs on people, a tax on the production of money would not.
And it would not require a huge army of pencil pushers to transfer the money from production to the government.
Anonymous Coward
User ID: 32877937
United States
01/24/2013 12:26 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Flat tax is just another racist way of holding my people down. We struggle enough.
 Quoting: Mad Pole


Flat consumption tax or a flat income tax? There can be progressiveness in both. But there will be no progress for anyone when G.E. pays their tax accountants (see sandy hook) more than their engineers, researchers and welders.
Anonymous Coward (OP)
User ID: 1018225
United States
01/24/2013 12:29 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Flat tax is just another racist way of holding my people down. We struggle enough.
 Quoting: Mad Pole


Flat consumption tax or a flat income tax? There can be progressiveness in both. But there will be no progress for anyone when G.E. pays their tax accountants (see sandy hook) more than their engineers, researchers and welders.
 Quoting: Anonymous Coward 32877937


A tax on consumption is just as bad as on income.
If you are paying the tax it is coming out of your pocket, if the federal reserve is paying the tax it is coming out of thin air.
Anonymous Coward (OP)
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01/24/2013 12:30 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
The money comes out of thin air so why not the tax?
Anonymous Coward (OP)
User ID: 1018225
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01/24/2013 01:18 PM
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Re: Tax reform! Why doesn't the government put a flat tax on the federal reserve for all money produced?
Here is what really happens to money as it changes hands.
Step 1 money is earned by business 1.
Money earned
$100
step 2 the money is taxed
Federal income tax to business
$15
step 3 the company pays the worker 1
Federal income Tax to worker 1
$10
Take home pay to worker 1.
$75
step 4 the worker buys a gizmo and pays money to business 2.
Can only buy $70.88
Because of State Sales tax of $4.12
Amount paid to business for gizmo $70.88
Federal income tax to business 2
10.63
Cost to replace item in inventory $35.44
Money left to pay worker 2
$24.81
Federal income Tax to worker 2
$2.41
Take home for worker 2
$22.40
Total taxes with money changing hands four times $42.16.
Excluding import tarifs and social security
$100 changing hands 4 times equals $42.16 in taxes.
So I guess the government would have to tax the federal reserve about 90% to keep up.





GLP