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Author Topic: Poll: Penny  (Read 9351 times)

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Offline DanG

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Re: Poll: Penny
« Reply #20 on: August 20, 2006, 07:43:19 AM »
What we got here is an oxymoron.  Now, if I was to say that I'm resistant to change, does that mean that I don't like coins, or does it mean that I want things to stay the same? ??? ::)

I clicked "NO".  I don't want the penny to go away.  They have value in that they help keep prices stable.  For instance, here we have a 7% sales tax.  How would a business charge that tax on a one dollar item?  What would they pay to the State?  Well, they'd charge you 10 cents, then pay the State 7 percent of their sales reciepts at the end of the month and keep the other 3 percent.

I can think of a thousand ways the Government could save money without a bunch of speculative fiddling around with the money system.
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Offline Blake22

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Re: Poll: Penny
« Reply #21 on: August 20, 2006, 12:42:05 PM »
Eliminate income taxes and the IRS. The national sales tax is the way to go.

IMasalwaysHO
Jim

AMEN!! I've always thought this is the way to go.
Blake

Offline beenthere

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Re: Poll: Penny
« Reply #22 on: August 20, 2006, 03:34:30 PM »
Eliminate income taxes and the IRS. The national sales tax is the way to go.

IMasalwaysHO
Jim

AMEN!! I've always thought this is the way to go.
My take on this.
The States wouldn't accept a National sales tax, and such a tax would seem to discourage purchasing (which makes the economy grow).
I'd opt for a flat-rate Fed. income tax (i.e 10% on ALL income, NO deductions) and wipe out IRS too.  But the lawyers won't go for that, as they are vested big time in working to avoid taxes for the big money makers.
south central Wisconsin
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Offline Don_Papenburg

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Re: Poll: Penny
« Reply #23 on: August 20, 2006, 10:00:25 PM »
If you are saying NO dedutions at all , does that inmclude cost of doing bizzness?  If so I'm against a flat tax as I take in 80 thou but spend 70 thou  to do so .  A  tax on80 would realy put a pinch in my income , but if I could deduct a few items like the 70thou that would be fine.
Frick saw mill  '58   820 John Deere power. Diamond T trucks

Offline beenthere

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Re: Poll: Penny
« Reply #24 on: August 20, 2006, 10:21:59 PM »
I don't think business income should be taxed. After all, its just passed on to the customer.

But income you take from the business and put in your pocket, is personal income and a flat tax should work there with NO deductions. And NO minimum income either. Make $100, pay the tax. Make $1,000,000, pay the same percent tax.  Probably find out that 10% would be way too high if it ever happened.

Never will happen, but think of the lawyers that would be lookin for work, if corporations and businesses didn't need them to skirt the rules.  :)
south central Wisconsin
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Offline Ron Wenrich

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Re: Poll: Penny
« Reply #25 on: August 21, 2006, 05:50:32 AM »
Total national income for 2003 was about $9.7 trillion  with personal income accounting for $9.2 trillion.  National budget for 2004 was $2.4 trillion.  I don't think 10% will cover it.
Never under estimate the power of stupid people in large groups.

Offline tcsmpsi

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Re: Poll: Penny
« Reply #26 on: August 21, 2006, 07:57:26 AM »
My 2 cents, while I still have it  ;), is a bit radical by today's standards.

Most have forgotten, conveniently, the nature of this nation.  What its founding fathers intended, and the basis of that intent.  This nation was never designed to work on tax.  From the first tax, comes corruption, and the rest, always becomes history.
\\\"In the end, it is a moral question as to whether man applies what he has learned or not.\\\" - C. Jung

Online SwampDonkey

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Re: Poll: Penny
« Reply #27 on: August 21, 2006, 09:38:58 AM »
Yeah, I think taxation was one of the reasons you guys cut England loose wasn't it?
Move'n on.

Offline Frickman

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Re: Poll: Penny
« Reply #28 on: August 21, 2006, 10:03:29 PM »
I voted keep the penny. Last week when I opened my door at the filling station lo and behold there were a handful of pennies on the ground right beside the pump. Can you imagine that? Folks are griping about the price of gas and then they throw money away. They really didn't throw it away, they just helped me pay for my gas.  :) :)
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Offline Don_Papenburg

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Re: Poll: Penny
« Reply #29 on: August 22, 2006, 10:47:35 PM »
Been there , That would require more bookwork on my part as my buisiness is my personal income . 


Ron ,  It is time for the federal government to curtail spending  . Starting at the top , all elected office holders will hence forth will not receive a pension from the taxpayers,all healthcare will come from their pockets .  No longer shall the taxpayer fork over money for trips out of contry.   That should be a start to cutin the budget so it will fit the income of the people.

Swampy , you are correct , and it was over less taxes than we have now . Talk of wasted boodshed, and disrespect for you forefathers sacrafice.
Frick saw mill  '58   820 John Deere power. Diamond T trucks

Offline Jodi

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Re: Poll: Penny
« Reply #30 on: August 24, 2006, 01:22:34 AM »
I like pennies.. It'd be pretty weird if they weren't around anymore. I guess they gotta do what they gotta do though.


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