[grhazelton]

Check this out, brought to you on that paragon of journalistic integrity, Fox News:

Bachmann Proposes to Eliminate All Taxes | Video Cafe

Eliminate all taxes! She finally does acknowledge that we'd have to give the government something, but never says how much or how or anything beyond typical drivel.

[boriscleto]

Maybe hold a telethon every Labor Day weekend. Or maybe a change collection box at the checkout counter.

[shooz]

Donations from Somalia!!!!!!

[Nesster]

so let's see - there are fees and licenses and permits... License to breathe. Permit to eat vegetables. Permit to eat meat. Annual drinking fee. License to watch TV. Fee for use of the internet. Fee to use any and all roads. Permit to go off-road.

[jeffkrol]

Dang, she's goinjg to give MMT a bad name.....................
Well one thing:

"You earned every dollar, you should get to keep every dollar that you earned," the candidate said. "That's your money, that's not the government's money."...............

Maybe the gov. should just stop printing money (if it gets none it certainly doesn't need to waste money printing/coining/keeping track of money)......... and Michelle can take chickens for payment...........

[shooz]

I'm short on chickens at the moment.
Would you take some chipped bricks?

[larryinlc]

She can start then by giving me back my money that pays her salary.

Larry

Check this out, brought to you on that paragon of journalistic integrity, Fox News:

Bachmann Proposes to Eliminate All Taxes | Video Cafe

Eliminate all taxes! She finally does acknowledge that we'd have to give the government something, but never says how much or how or anything beyond typical drivel.

[TomK]

"You earned every dollar, you should get to keep every dollar that you earned," the candidate said. "That's your money, that's not the government's money."...............

She can start then by giving me back my money that pays her salary.

Hmmm. Now that brings up an idea.
How about if we begin this thing slowly.
On the IRS US Tax 1040 Form let us immediately have a check box that will allow the filer to opt-out of paying toward congressional salaries.
That would be returned to you as a refunded amount based on a formula for how much of your taxes would have gone to paying those salaries.
This amount would then be deducted from each salary spread over all the congressional salaries and COULD NOT BE MADE UP from other sources.
In effect, the cumulative effect of the total opt-outs would significantly reduce each congressional salary.
Then we will see who the "true patriots" are - they will eventually serve their country as legislators without pay or for a very nominal amount.
Gee, they would even have to pay for their own postal stamps.

[jeffkrol]

Bachmann certainly can take some pride in this huh......



If it hits ZERO can we fire them all???? How about 10 or below???

http://www.jsonline.com/blogs/news/130537378.html

[Nesster]

...and actually, it is the government's money. We're just using it. So sure, let's get rid of all taxes... but institute a dollar licensing fee - after all, we can't go and create our own dollars, now can we? So if we use a dollar, we have to pay a fee to the government of, say, 10 cents. By 'use' I mean 'earn' - whether in income, dividends, or interest, or ill gotten money stolen from the rest of us like Bachmann gets. And by 'use' I mean 'save' - as in bank accounts, money markets, stocks, bonds, mutual funds, insurance. And by 'use' I mean 'pay' for any purchase etc.

[GeneV]

...and actually, it is the government's money. We're just using it..

According to Matthew 22, that is pretty much what Jesus taught as well.

[JohnInIndy]

She's right. You should be able to keep every part of every dollar you earn.

No Federal Income tax whatsoever.

Instead use some sort of consumption tax. You don't buy anything you pay no tax. You buy a new airplane you pay a ton.
everyone pays something anytime they buy something. To handle the "poor" we have a means tested exemption or refund if you make under a certain amount.

[Parallax]

She's right. You should be able to keep every part of every dollar you earn.

No Federal Income tax whatsoever.

Instead use some sort of consumption tax. You don't buy anything you pay no tax. You buy a new airplane you pay a ton.
everyone pays something anytime they buy something. To handle the "poor" we have a means tested exemption or refund if you make under a certain amount.

Talk about favoring the rich.
That is completely regressive. The lower the income, the higher percentage of the income that needs to be spent. Everybody has to buy food, clothes, housing, utilities, etc. Someone who is low income, and has little money for anything else would be paying a far greater percentage of income in taxes than someone in a higher income bracket.

A person who makes 30,000 per year may very well spend all of it.
A person who earns 300,000 likely will be able to put a sizable chunk in savings. 1/3 of it certainly wouldn't be unexpected.
Now let's assume a 15% tax on everything spent. Person #1 has spent 15% of his income in taxes, as the entire amount was spent.
Person # 2 was only taxed 15% of 2/3 of his income, meaning what he paid in taxes was only 10% of his income.

Since sales tax, vehicle registration/taxes, property taxes, etc already work this way, a consumption tax instead of an income tax would to an even greater extent than now put the tax burden on the people who can least afford it.

[grhazelton]

She's right. You should be able to keep every part of every dollar you earn.

No Federal Income tax whatsoever.

Instead use some sort of consumption tax. You don't buy anything you pay no tax. You buy a new airplane you pay a ton.
everyone pays something anytime they buy something. To handle the "poor" we have a means tested exemption or refund if you make under a certain amount.

John, why do you put "poor" in quotes? Do you not believe they exist? Inquiring minds want to know.

Neil Boortz, that towering intellect, proposed this a few years ago and reputable economists felt that it wouldn't work too well. While not an economist I can imagine that such a scheme would produce a thriving alternate underground economy, a black market if you will, to "shelter" transactions from the tax man. If this happened it would probably doom the whole scheme, human nature being what it is. Of course Grover Norquist would probably cheer to see government starved of funds.

[GeneV]

She's right. You should be able to keep every part of every dollar you earn.

No Federal Income tax whatsoever.

You and Warren Mosler could be good friends, then.