Our server costs ~$56 per month to run. Please consider donating or becoming a Patron to help keep the site running. Help us gain new members by following us on Twitter and liking our page on Facebook!
Current time: November 25, 2024, 8:47 pm

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
The french rich ask for a tax on...themselves
#27
RE: The french rich ask for a tax on...themselves
(August 24, 2011 at 2:22 pm)DeistPaladin Wrote: In reality, no other part of our society operates that way. Those that own are the ones who pay to maintain.
Not over there maybe, but here in England we have VAT (Value Added Tax) on most purchasable items.

The tax is 20% of the item's sale value. So if something costs £1, the VAT would be 20p. The tax rate doesn't change if you are rich or poor, and isn't dependent on the amount of stuff you buy; it's always 20%.

There are quite a few different flat tax schemes; a lot of them involving a certain cut off point (i.e. incomes that are too low to be taxable). One interesting variation is "Negative income tax", which allows families living in the poorest circumstances to get money back from the government if their income is less than the amount of their deductions.

Read more here: https://secure.wikimedia.org/wikipedia/en/wiki/Flat_tax
Reply



Messages In This Thread
RE: The french rich ask for a tax on...themselves - by Tiberius - August 24, 2011 at 4:58 pm

Possibly Related Threads...
Thread Author Replies Views Last Post
  Biden had to walk back a tax increase jasonelijah 6 1127 March 31, 2021 at 5:45 pm
Last Post: The Architect Of Fate
  Does rasising the corporate tax rate help or hurt? jasonelijah 16 1371 March 30, 2021 at 7:24 pm
Last Post: brewer
  Warren's Wealth Tax Yonadav 5 1254 January 25, 2019 at 3:24 pm
Last Post: Brian37
  US - raise the gas tax onlinebiker 55 4906 November 30, 2018 at 10:25 am
Last Post: BrianSoddingBoru4
  SCOTUS Invites Republicunts To Go Fuck Themselves Minimalist 11 2527 February 6, 2018 at 8:42 pm
Last Post: Angrboda
  Unbelievable! Paul Ryan praises $1.50/week tax cut! Jehanne 14 3027 February 6, 2018 at 2:26 pm
Last Post: The Grand Nudger
  AP says 90% of Workers get Tax Cut Neo-Scholastic 64 7133 February 4, 2018 at 12:13 am
Last Post: Brian37
  How Bad Is The Senate Tax Bill? Minimalist 41 7479 December 12, 2017 at 5:14 am
Last Post: downbeatplumb
  The GOP's turd of a tax bill Jackalope 34 5511 November 14, 2017 at 5:17 pm
Last Post: Haipule
  Senate Republicunt Assholes Prepare Their Own Tax Plan Minimalist 7 1493 November 9, 2017 at 8:12 am
Last Post: Brian37



Users browsing this thread: 2 Guest(s)