A Unique Perspective

[GodsAmbassador2Nicolette]

Then how do you decided what is a necessity and what is not? Wouldn't you agree that in our area a car is a necessity?

A necessity item really boils down to food. And perhaps hygeine items, that is about the extent of them. A car is a luxury item and many people in our area buy used cars so they wouldn't be taxed at all. And people pay taxes on their vehicles for years, this way they pay a one time tax on new vehicles instead of paying for years and years. In the long run it would be cheaper for people. It is the fairest way. You would have 100% of your money to do as you see fit, this would more than make up for the larger sales tax.

 

[heavensangelwv]

Yeah... But if you buy a $30,000 vehicle ... You are looking at $6,000 - $9,000 just in taxes. My tax on my car every year is only $11. I don't see how that would be cheaper in the long run.

 

[GodsAmbassador2Nicolette]

But do you understand that you would not be losing 20-30% of you income in income taxes, plus another 10-30% in state taxes, unemployment, social security, medicare.......whatever else they take from your paycheck (partly depends on where you live).

Why do I get the feeling that I am not getting my point across very well...lol

 

[heavensangelwv]

Because your point does not make sense. Virtually everything that you buy that is not food will be taxed 20-30%. You do realize that this would also include food that you buy at a restuarant and any 'junk food' item???? Think about how much you spend on clothes every year... Now imagine if you had six kids to buy for. That is going to be a ridiculous amount of money just in taxes.

 

[GodsAmbassador2Nicolette]

So instead of making $15,000 a year after everything is taken out of your pay check of about $24,000, you make $24,000. Instead of spending $15,000, you spend (assuming you buy the same things you bought before and you used your entire $15,000 a year) $19,500 which will leave you with an extra $4,500 that you didn't have before. You could save this money or spend it or do a variety of things with it. Things would be more expensive, but you would have even more money to spend, more than enough to make up for the rise in prices.

 

[heavensangelwv]

No you wouldn't have more money to spend because you would be giving right back to them when you buy anything other than food. Face it... You can't go through life only buying food. Every time you spend $100 you are going to have to spend an extra $20-$30 just to cover the tax. That is really going to add up after a while.

 

[GodsAmbassador2Nicolette]

I'm getting frustrated, your not understanding...lol
We will have to discuss this sometime when we can do it in depth...lol

Believe me, you would save money. You would not be taxed nearly as much, I think the figure scares you, but you would have more money. You would spend 20-30% more on non-necessity items, but you would have 100% of your income instead of the only 40-60% you would have otherwise in the current system (depending on where you live). Instead of spending a $1.00 (really $1.06..lol) you would be spending about $1.30, but instead of having $1 to spend, you would have $1.80 - $2.20 to spend, so you would have an extra $.50 to $.90 even with the higher price. You would have more money. Believe I would never support something that made people worse off and for the poorest of people they would get reimbursed for the tax completely or have an exemption card of some type so it wouldn't even effect them. In essence there would be no tax on poor people at all.

Am I making any sense to you?...lol

 

[heavensangelwv]

Are you taking into account that most everything you buy is a nonnecessity item?

 

[GodsAmbassador2Nicolette]

Yes, although I think there are more necessity items, I'm just not 100% sure what else besides food and hygeine products would count. My above argument about having more money is based upon non-necessity items, so in essence you would have even more money because you won't only be buying non-necessity items, you would also be buying food and hygeine products.

 

[GodsAmbassador2Nicolette]

Please tell me I am making sense...lol

We are going to have to have an in depth discussion on this I can tell...lol

Perhaps I would make more sense talking instead of typing.

 

[heavensangelwv]

You are getting your point across, I just don't agree with you. You cannot go through life mostly purchasing only necessity items. How much money do you spend on your farm? Are those really necessity items???

 

[GodsAmbassador2Nicolette]

No, I can tell I am not getting my point across here. I never said you would go through life without buying non-necessity items. Of course you will, but you will have more money to spend (more than enough to make up for the rise in prices). When I said earlier for every $1.00 you spend now on non-necessity items you would spend $1.30, but instead of having a $1.00 to spend in the current system, you would have $1.80 to $2.20 to spend on non-necessity items. So you would have $.50 to $.90 more left. This would allow you to buy around 50% more than you would in the current system, this is NOT even taking into consideration that there would be no taxes on necessity items which brings your purchasing power up even more.

 

[GodsAmbassador2Nicolette]

On the farm we spend a lot of money. I am not sure whether feed, fuel, and equipment would count as non-necessity items or not. Some have argued that business expenses are necessity items and should not be taxed.

 

[JPPT1974]

Is it fall like weather in your neck of the woods yet?

 

[heavensangelwv]

On the farm we spend a lot of money. I am not sure whether feed, fuel, and equipment would count as non-necessity items or not. Some have argued that business expenses are necessity items and should not be taxed.

But, your farm is not technically a business.

 

[GodsAmbassador2Nicolette]

I'm not sure about your defininition of technically, we do have a farm business exemption on sales taxes...lol

 

[GodsAmbassador2Nicolette]

We have had days that feel like fall, but currently it feels warmer than fall.

 

[heavensangelwv]

I'm not sure about your defininition of technically, we do have a farm business exemption on sales taxes...lol

How would you define your farm as a business?

 

[GodsAmbassador2Nicolette]

It is ultimately a profit seeking venture. We must have a plan of how to make it successful and grow. We work on it. It brings in revenue. It takes expenditures. It is a business of sorts...lol, We now consider it s semi-business...lol, We hope to make it a part of a future business, we'll just have to keep working toward that goal.

 

[heavensangelwv]

It brings in revenue now???