Taxes should work like this

leadsupplier

leadsupplier

New member
Aug 11, 2009
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I just had this idea, and theres probably a million reasons why this wouldn't work but i want to throw it out there anyway.

As we all know operating a business has great tax benefits, our government tax system is set up to benefit small business.

But how great would it be if personal taxes were set up the same as business taxes.

For example, most middle to lower class people live paycheck to paycheck, just to pay their damn bills. Stupid shit like electic, hot water, morgate, etc...

These should all be a write off when it comes time for tax season. This way the middle class would have more cash that they could save, or spend on items they want like TVs, Cars, Vacations, etc...

Basically for personal taxes you would have two categories, stuff you need to spend money on (house, bills, etc..) and stuff you want to spend money one (tvs, cell phones, etc...)

Tax people on the money they pay for goods and services they want, and don't tax them for stupid things they need in order to survive.

Like i said there are millions ways to exploit this at the time, but i think the overall concept is cool and would be awesome if things worked this way.

The reason I even thought of this was because i got a flat tire yesterday and just had to pay $140 for a new one. It sucks i had to cough up $140 for a new damn tire, but i needed it, i literally wouldn't be able to drive and go places i needed to go without it. IMO i should be able to label that as a tax write off, same for gas, groceries, all that bullshit.

what do you guys think? do you agree, or am i just crazy for thinking like this?
 


I got an even better idea for taxes...get rid of the income tax. This way, the lower to middle class wouldn't have to worry about write offs and can keep 10-25% of their income instead of giving to the political equivalent of a teenage girl.
 
JarredLv said:
I got an even better idea for taxes...get rid of the income tax. This way, the lower to middle class wouldn't have to worry about write offs and can keep 10-25% of their income instead of giving to the political equivalent of a teenage girl.
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this would be exponentially better, my version is if we had to keep the income tax...
 
JarredLv said:
I got an even better idea for taxes...get rid of the income tax. This way, the lower to middle class wouldn't have to worry about write offs and can keep 10-25% of their income instead of giving to the political equivalent of a teenage girl.
Click to expand...

I'm all for lower taxes. But what'd you do to support this huge hole in the budget? Just cutting taxes isn't gonna solve your deficit.
 
ricdes said:
I'm all for lower taxes. But what'd you do to support this huge hole in the budget? Just cutting taxes isn't gonna solve your deficit.
Click to expand...

Of course not. My plan would also entail gutting the federal government of a significant majority of departments they have no constitutional authority to have. Money Sinks like the Department of Education, Department of Homeland Security, etc.
 
i forget the time frame, but even if the government took all corporat profits, and every americans yearly salary, they still couldnt solve the debt problem
 
Your plan would result in every idiot having to pay H&R Block $800 to go through their giant box of receipts because nobody can figure it out. The system isn't hard enough now? Plus most of these low income households already have zero tax liability (and use the majority of the government resources).

Flat tax, 10%. Vote Ron Paul.
 
Wait.
The OP's idea is basically what many people with a little sense do already. Incorporate yourself as a LLC, write off everything you touch, including cell phones, etc.
The money you pay a good accountant is a worthwhile investment...
 
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