Yep, Roth savers would be screwed as well as anyone that has just saved up

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May 21, 2024
10:15:56am

Acorn Truly Addicted User

regular money. Pre-tax IRA savers would be fine.

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Acorn

Bio page: Acorn
Joined: Nov 25, 2004
Last login: Jun 14, 2024
Total posts: 19,085 (2,242 FO)

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Messages

Author

Time

HCBW’s foreign classmate is incredulous to learn how opaque and complex the tax

zuko

May 21, 9:23am

I don't think opaque is quite the right word to capture the asisinity

AggieWeekendCougar

May 21, 9:28am

I wonder what total $$ benefit would be to the economy if we went to a flat tax?

cougarmeister

May 21, 9:36am

I have been coming more around to a consumption tax, which I now view as a flat

AggieWeekendCougar

May 21, 9:42am

I wouldn’t trust government implementing a consumption tax because I guaranty

kotacoug

May 21, 9:46am

Yeah, it would need to be a constitutional amendment with iron-clad protection

AggieWeekendCougar

May 21, 9:47am

Problem is, they taxed me while I saved it up. Now tax me as I spend it?

ovalY

May 21, 9:51am

I guess I hadn't thought of that conundrum

AggieWeekendCougar

May 21, 9:57am

Yep, Roth savers would be screwed as well as anyone that has just saved up

Acorn

May 21, 10:15am

Yeah, that's the usual argument against a flat/consumption tax (hurts the poor)

cougarmeister

May 21, 10:15am

Fair tax doesn't punish the poor

Dr T-bone

May 21, 10:20am

We had a discussion about the 20% tax that King Noah had on his

kotacoug

May 21, 9:44am

We talked about it, too. Don't forget 50% to the Lamanites.

gangbusters

May 21, 9:55am

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