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General Discussion
Bush's Tax Plan
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<blockquote data-quote="Unintentional" data-source="post: 9172" data-attributes="member: 22"><p><strong>Bush's Tax Plan</strong></p><p></p><p>Okay, here it is:</p><p></p><p>Every household get a $200 a month check. There will be a 20% national sales tax, so the first $1000 stuff you buy will be tax free (20% of $1000 is $200). Stuff that you don't pay sale tax on now, you will not pay sale tax on in future (i.e. rent for example).</p><p></p><p>No income tax. No FICA tax. You get your check (minus state and local taxes), but there will be NO federal withholding. No IRS tax forms to fill out EVER!! No IRS!!!</p><p></p><p>Personally, if this goes through, I need to do some major renegotiating with my boss. My business expenses that I am partially reimbursed for have put me in the tax free category for the last two years due to deductions. Now I gotta pay %20 on all my expenses after $1000 of paying for expenses?</p></blockquote><p></p>
[QUOTE="Unintentional, post: 9172, member: 22"] [b]Bush's Tax Plan[/b] Okay, here it is: Every household get a $200 a month check. There will be a 20% national sales tax, so the first $1000 stuff you buy will be tax free (20% of $1000 is $200). Stuff that you don't pay sale tax on now, you will not pay sale tax on in future (i.e. rent for example). No income tax. No FICA tax. You get your check (minus state and local taxes), but there will be NO federal withholding. No IRS tax forms to fill out EVER!! No IRS!!! Personally, if this goes through, I need to do some major renegotiating with my boss. My business expenses that I am partially reimbursed for have put me in the tax free category for the last two years due to deductions. Now I gotta pay %20 on all my expenses after $1000 of paying for expenses? [/QUOTE]
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