TAG: Abolish IRS/TAXES

GOOD IDEA – Trim the budget. Just think how many people that would eliminate from harassing us.

Good information:

Where would the states find the funds to replace this lost revenue? To start, Texas will have more than $27 billion in additional funds when the Legislature convenes in 2023, along with a healthy balance of around $12.6 billion in the Economic Stabilization Fund, commonly known as the Rainy Day Fund, by the end of 2023. But we shouldn’t stop there simply because our state economy has flourished lately.

An additional source of revenue exists with the Texas Lottery. Since 1997, the Texas Lottery has contributed $29.9 billion to the Foundation School Fund, which supports public education in Texas. In FY 2022, the Texas Lottery transferred $1.972 billion to the Foundation School Fund, which marked 24.3% of overall profit from the lottery.

An analysis of major sources of state revenue shows that sales tax is a dominant revenue-generating force. Texas receives sales tax revenues primarily from goods and not services (with only a small list of 17 services that collect and remit sales tax). Other states have explored and applied their sales taxes to a variety of goods and services.

Robin Hood tax – a tax aiming to redistribute resources in order to achieve greater social equality, especially a proposed tax on transactions made by financial institutions.

‘Over My Dead Body’: Dem Senator Blows Gasket Over GOP’s Proposal to Abolish IRS

https://en.wikipedia.org/wiki/Robin_Hood_tax

****

Keely Compson
January 28, 2023

‘Over My Dead Body’: Dem Senator Blows Gasket Over GOP’s Proposal to Abolish IRS

If there’s one thing Democrats love, it’s taxes. They want every single red cent they can steal from hard-working Americans, and then some. So you can imagine the outrage when GOP lawmakers proposed a bill to eliminate several taxes in places of an increase on sales tax.

The Fair Tax Act introduced by Rep. Buddy Carter would increase sales tax on purchases by 30 percent, BUT it would eliminate income, Social Security and Medicare taxes in exchange.

(YES/YES!)

That’s right, no more hundreds of dollars a week coming out of your check to the government, and your grandparents would no longer have to pay taxes on their social security, which is money they already earned and paid taxes on. So in reality, social security is double taxed. What a scam!

Democrats are blowing gaskets left and right over the proposed legislation.

Senator Jon Tester appeared on MSNBC’s “The Last Word” and cried that the act to abolish the IRS is not as great as it’s being made out to be.

“Income taxes aren’t the burden that they seem to think it is,” the MSNBC host began, and then asked Tester. “What is your argument against it?

“Montana does not have a sales tax,” Tester replied. “This is a really bad idea to put a 30% tax on everything that’s sold. It hurts working families across our country and in Montana. And for those very reasons, since it’s bad policy. I think it’s incumbent upon myself to be able to go to the floor and object to this. And I will tell you, this isn’t a silent filibuster. I will talk ’til to the end of time because this is really, really bad policy.”

“Now we’ve got Republicans in the House that wanna put a 30% sales tax on everything we buy? That’s totally ridiculous,” he continued.

“And I’ll tell you, this is not the right thing to do,” Tester added. “And I think quite frankly, it’s a silly doggone idea. And like I said, over my dead body. We will fight every day until this thing goes down to defeat.”

Right. So we should just all continue to pay taxes from our checks out the wazoo instead of just paying taxes on things that we buy.

I don’t know about you, but I’ll vote for abolishing the IRS any day!

****

AGAIN – YES/YES! Get these people off our backs. Too many who are not qualified for starters working. Can’t answer basic questions. In the past, we would received information on how to prepare our taxes. Now, the taxes are so complicated the IRS can’t even explain a question and nothing is on the internet to help us. Now we depend on tax accounts.

Remember Lois Lerner?

kommonsentsjane