💸🏠🎉President Trump Gives Strongest Signal Yet For Ending The Personal Income Tax!💸🏠🎉
(townhall.com)
🏆 - WINNING - 🏆
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Mom and pop shops could be exempt ... if some other entity owns them, then they are a subsidiary of that company ... that no longer makes them mom and pop.
Some McDonalds restaraunts are independently owned and are technically "mom and pop" shops ... but they'd still be considered a subsidiary and would be subject to tax based on your idea.
I think you and I are in agreement ... I just worded my response poorly :-).
Mom and pop shops should not be limited to family members though ... some skills needed for a small operation might require outside the family help.
This is just an example, but a friend of mine would be hiring prospect #1 if I ever decided to start a landscaping business as he is a genius at both operating and maintaining large and small scale landscaping equipment.
That's just an example though ... if you ever hear of me starting a landscaping business, you may as well assume I have lost my mind as I know nothing about the details of it and would fail miserably regardless of who I'd hire. I hope you get my point though :-).
However, I agree 100% that if you're under the umbrella of something larger, you'd get the tax.
I am an owner of an S-corp. I and my wife are both salaried employees. It's all pass through income. It costs money to maintain the business. I'll do without your "tax the corps" idea, thank you..
It may be that none of us are actually liable for income tax as the law has ever been written.
FORMER IRS AGENT…He spent 2 years of investigating claims of people who said there is no law to say we have to pay income taxes. HE QUIT AND HAS NOT PAID IN 25 YEARS.
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Agreed that we need to have a tax system to function as a society, but an unconstitutional Income Tax is not that system.
With the exception of the brief period during the Civil War - an extraordinary circumstance - America built its wealth on the back of foreigners through tariffs not on the backs of American citizens through Income Taxes.
Corporations literally means a business organization functioning as a person - a body (the basis of then term, corporation, is derived from the Latin, "corpus" which means body. e.g. Corpus Christi = Body of Christ)
I like where you were going before you went off on that "beggar-thy neighbor" marxist tangent. Some corporations are conglomerates, that is true. Most are not, and it is not correct for you to lump "corporations" together as you have.
You do know that those who work for corporations are also consumers, too, right?
If you study classical economics, venture out on your own, take on some risk to build a business that is incorporate-able and step out of the envy vortex you appear to be spun up in at the moment, you may appreciate the meaning of the investment of one's time and sacrifice that one expends to provide a service or product of value, and that greed, cut-throated behavior and illegality is not the motivator for most corporations or the pathway to long term success as an entity.
Eliminate the income tax and the IRS. How many trillions are locked up in IRAs and 401Ks? All that wealth is instantly unlocked and available for better things. But the bankers wouldn't like that, because they love using our money.
You're right about the bankers, but I think the fault lies even more with the politicians. If my IRAs and 401K were unlocked, I'd still keep that money invested and let it grow ... they'd still get their fucking commissions and I'd have more financial security!
The politicians wouldn't get their spending money for Somalia, trafficking people through the Darien Gap to get "free" shit in the USA, and other fucking dirtbag schemes they come up with to make life miserable for everyone but themselves.
According to my calculations $150K is definitely doable. Above that gets hard, at least initially. I think it would take the tariffs and the sovereign wealth fund to eliminate it all together.
Makes sense:
u/#Happening
Ron Paul proposed this first, there was even a meme related to it which I cannot find anymore... but here's the quote:
I lean toward a flat tax. But I want to make it real flat, like ZERO.
Ron Paul
" I want to make it real flat, like ZERO."
Wasn't that on some one's TOMBSTONE? 🤔😎
And ...shrinking the government.
^^^^THIS^^^^
...and cutting back corruption & assets from the EO(s)
We still have the problem of federal laws that are enforced upon people in the states of the Union without the laws providing definitions of STATE and UNITED STATES that allow that.
For example, the Internal Revenue Code sections about taxing petroleum (constitutional excise taxes) refer to the 50 states, but the sections related to employment taxes and general definitions do not.
I don't see it happening without a flat Federal sales tax to offset the difference. Income tax has to generate a couple of trillion a year.