What do folks think of the proposal to abolish the IRS?

Jump to Last Post 1-4 of 4 discussions (6 posts)
  1. FitnezzJim profile image81
    FitnezzJimposted 8 years ago

    opencongress.org indicates that H.R.25 has been introduced to the House. It states "This bill would eliminate all federal income taxes, payroll taxes and the estate tax, and replace them with a federal sales tax of 23% on the use or consumption of all goods, properties and services. The Internal Revenue Service would be abolished and replaced by an Excise Tax Bureau and a Sales Tax Bureau in the Department of the Treasury. " Thoughts? Especially, what impact would this have on day-to-day life?

    1. BillyDRitchie profile image60
      BillyDRitchieposted 8 years agoin reply to this

      Sounds remarkably similar to the Fair Tax.....

  2. Reality Bytes profile image83
    Reality Bytesposted 8 years ago

    Oooh to get the government out of the personal lives of the individual.  All they will have is spending habits and that will be anonymous.

  3. Doug Hughes profile image59
    Doug Hughesposted 8 years ago

    This might as well be called the 'SCREW the Little Guy Bill'.

    People at the bottom of the economic heap ned everything they can get to survive. That's why they are exempt from income taxes. On the other end fo the economic spectrum, the top 10% by population earn nearly HALF the total income. In this strata, it'ss very likely that you don't spend all you earn. Under the proposed bill what you don't spend - is tax-free. At the VERY top of the income, the top 1 percent might pay taxes on less than 25% of their income.

    Very few tax proposals have been this unfair.

    Teddy Roosevelt suggested...

    "No man should receive a dollar unless that dollar has been fairly earned. Every dollar received should represent a dollar?s worth of service rendered?not gambling in stocks, but service rendered. The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective, a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate."

    Read more: http://blog.beliefnet.com/stevenwaldman … z1BJkDahsN

  4. brimancandy profile image75
    brimancandyposted 8 years ago

    23%? what the hell happened to 10%?

    If you want to really ruin the economy, yeah charge 23% and watch credit card interests rates and bank loans soar to 50%. Also, what would this kind of idea do to those that are in the tax return business? And, what kind of loopholes are going to be thrown into this bill to spare the rich from having to pay anything?

    I'm also curious as to what our beloved government is going to do with this huge amount of tax dollars they are going to recieve. I'll bet it has nothing to do with that money going back into social programs to help the people that are going to be screwed by this. More likely more corporate bailouts, and pork projects.

    With tax rates that high, businesses will just raise the prices on their goods to make up for all the people who won't be able to afford to buy anything from them. The taxes on a $20,000.00 car with a 23% tax makes that car cost $23,000.00, and add to that the high interest loan people are going to end up paying $30,000 or more for a $20,000.00 car.

    So, what you will basically have, is people basically not buying anything, and hording their money. Like the old days of hiding it in a mattress or in the walls of their houses, expecting that any day, that money will make them rich. But, they end up dead before they can get a chance to use it.

    They certainly aren't going to put their money into the sky high interest and fees of america's banks, as I will bet this is what the government is hoping. Nope, just going to go into a jar, that way nobody can touch it. I had an uncle like that, his family basically starved to death while he horded money and food, waiting for doomsday, It wasn't until after he died that they found it. The laywers and the state got most of it, and left them with nothing.

    1. profile image0
      SirDentposted 8 years agoin reply to this



This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)