Domain: apttax.com
Stories and comments across the archive that link to apttax.com.
Comments · 28
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Re:Absolultely shocking...
No lobbying, no tax free bullshit entities, no deductions, etc. Transactional tax, low rates. No filing.
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Apt Tax
We don't need more rules, more laws, more agents (that cost a shit ton of money at work and in retirement), more jails.
Just banish most taxes, simplify the system to a low rate transaction tax, don't deal with deductions or deciding which charities or legit or not (tax would be too low to matter in individual cases), stop caring if business are on shore or offshore or if couples are married:
http://www.apttax.com/Of course, by nature, bureacracy always has to build itself up, never deconstruct itself, so don't expect to see it short of in the face of a revolution.
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Re:Forbit all HFT
It's called the Apt Tax and could replace many of our existing taxes and severely reduce the IRS:
http://en.wikipedia.org/wiki/A...
http://www.apttax.com/The guy who quoted 2% is much too expensive though. It should be less than 1%.
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Re:Unlikely
Its proportional because the more you make the more you are going to spend, the more tax you are going to pay and that means you have benefited more from things like roads and public education.
You don't gain wealth by spending, ergo those with increasing wealth spend proportionately less of their income. Otherwise it seems like you are promoting something like http://www.apttax.com/, which will never fly, obviously because capitalists avoid taxes and capitalists are in control.
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Re:This is bullshit.
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Re:Let's just do away with sales tax
I wish all taxes were replaced by an APT-TAX:
http://www.apttax.com/No loopholes. No charities. Too low to bother getting around in most cases. Less IRS to hire. Less accounting industry to make sense of all the rules.
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Re:Ban is not the answer
Sales tax is not a fair tax. You want a fair tax, you want APT. Sales taxes disproportionally hit the lower classes. APT is income agnostic. If you are serious about fair taxation, you should really check it out.
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Re:Normally
http://www.apttax.com/ This is the way and the light. Check it out.
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Re:Normally
The only truly fair tax is a transaction tax. Every time money moves electronically, it is taxed. Exempt cash transactions. This allows the poor to remain free of tax (because you can buy food with cash), the middle class to elect whether or not to be taxed on minor purchases (you can buy your food with cash, but not pay your mortgage), and the rich and corporations pay the most tax because their money moves the most. It's seamless, all done by the banks (so you will never fill out another tax return again) and therefore would reduce costs, and is truly progressive - and no one can argue it isn't fair, because everyone pays the same, no matter what. You can stick your flat tax in your ass. http://www.apttax.com/
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APT Tax
You seem to quite informed on the issues.
Check this out: http://www.apttax.com/
Automated Payment Tax of
.3% on every bank/financial transaction. No other taxes.I saw it originally on Slashdot, and it's an interesting concept.
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Re:Go after those who purchase from Amazon instead
Apt Tax.
It's the only semi-progressive tax I see just from treating people fairly all transactions at the same rate - meaning it will hit million dollar stock trades (at $6k) just as much as the guy buying a $100 piece of furniture ($0.60).
All other taxes I see are rather unprogressive. The poorest used the biggest amount of income for daily needs and so sale's tax hits them hardest. Fica is capped at 120k income (or something like that) - that's a staggering 15% of your income (and let's be honest here, if the employer is paying half, he's just figuring so much less from your pay and poor self-employed people pay the 15% all by themselves. Etc, etc, etc.
The only semi-progressive tax is income tax and even that is so riddled with loopholes that it's the middle and upper middle classes that get screwed, the rich can afford to pay for good advice on how to structure.
And since it's deemed $$$==free speech, the rich will always make sure politicians keep it this way. And I'm not talking about rich individuals necessarily, rich corps are the real culprits and since everyone does it, they somewhat owe it to their stockholders to do it as well.
And while it's nice that Bill Gates and Warren Buffett donate to charity, most of it goes to 3rd world countries which they do because it helps the most people per dollar, honestly a big chunk should have gone back to the country (people) that helped them build up in the first place.
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Re:Not everyone should vote
Regarding your
.sig...if you want a truly fair tax, you really want APT. http://www.apttax.com/. Fair Tax is regressive. APT is not. -
Re:USPS isn't a State Function
State and local gasoline taxes are more than enough to upkeep roads in most cases. They also usually fund things that have nothing to do with roads. That's how it should be.
States always want more money. Once Amazon is taxed, that means all the small internet businesses have to be taxed as well. There are so many small municipalities, especially in CA, demanding their special rate of sale's tax, that it would be hard for a small merchant to file it all.
Of course, I'm for the apt tax replacing all this bullshit anyway, no loopholes.
http://www.apttax.com/ -
Re:Self regulating?The stock exchange doesn't generate any value.
Depending on how you measure value, this is not correct. The original purpose of the market is to give companies a way to raise large sums of capital in order to grow their business- not to make the founders rich, not to give the traders a way to rent seek their way to riches, but to distribute the risk of large scale capital investment. There is certainly value in that- banks use a similar model.
However, these sorts of guys do nothing but game the system and generate no value, so fark 'em.
Slap an automated transaction tax on the entire system- this would fix the problem instantly.
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Transaction Tax would fix this
We need to switch to a transaction tax like http://www.apttax.com/ This would make sure that corporations like those paid their fair share of the taxs.
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Re:In ong run should just switch to digital cash
No.
The more the government tightens its grip, the more stagnant the economomy becomes. I believe they'll only push digital cash if the government can tax every red cent that it can. They first came for the gold in the 1930s and what was left were fiat greenbacks.
Now all that will be left are binary 1s and 0s?
Don't sign me up. I'll deal with the hassles of cash, thank you very much.
Oh, and replace the ridiculous and costly-to-administer-and-enforce tax system with something sane:
http://www.apttax.com/ -
Re:Is he gonna get compensated?
On the other hand, in most 'developed' nations, those same taxes pay for people to protect you and your property. (If you disagree with this viewpoint, try living in a lawless state: then you'll find out why we used to live in castles, or their modern equivalent, gated communities).
What your OP is talking about is basically allodial title vs. limited allodial title or fee simple which is what most US practically has.
Of course, you swing to the extreme to counter about "if we had no taxes" which is no counterargument at all since he didn't argue for 0 taxes anywhere. I can have a $500,000 car in my $100,000 home, yet in most states that car will not cost me 1 penny more in non-excise taxes after I purchase it because I own it outright. Yet, if that situation is reversed and I have 500k home and a 100k car, I would get charged up the rear in taxes.
Would you argue I should pay more taxes on that car or if I kept 500k in the bank, that I should pay property taxes on either? Would you come out swining that taxes are good for us as an argument that I should start paying taxes on either of those things?
Your logic is incomplete and flawed.
In Germany, property taxes are low. I'm talking about paying maybe $75 on a house per year. Germany is not a low tax country, school revenue come from their high sales tax AFAIK which is okay but not ideal. However, I do know property/school taxes is a very screwed up thing a lot of times. Especially when I see the elderly lose houses they lived in for 40 years because they have no more income and can't afford it anymore.
I prefer all taxes to be excise, personally, and I support this:
http://www.apttax.com/ -
Re:two ways to solve the tax "scam"
Abolish the 16th (and the idea that government owns and what you make, deigning what % you can keep yourself) and use something like apt-tax which is effectively an excise tax on currency as I understand it:
http://www.apttax.com/And what about when they change the tax code every year? Do I have to do 'apt-tax dist-upgrade' every April 15?
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Re:two ways to solve the tax "scam"
two ways to solve the tax "scam"
1. raise overseas tax
2. lower domestic taxguess which road the government takes.
Abolish the 16th (and the idea that government owns and what you make, deigning what % you can keep yourself) and use something like apt-tax which is effectively an excise tax on currency as I understand it:
http://www.apttax.com/ -
There should be no nonprofits
Indivuduals should be equal in the eyes of the law. No special groups, no nonprofits. The "churches" already scam this all way too much.
If you want a low tax, go with this:
http://www.apttax.com/Loophole are just avenues of abuse by which the well structured, well-to-do (read: corporations) with lawyers get away with paying less than their fair share.
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Re:Waste
You want to turn this economy around? Cut taxes to 20%, max. Reduce regulations on small businesses \ cut the red tape.
I'll do one better. Replace a host of taxes with the APT-TAX:
http://www.apttax.com/Cut down on administration costs throughout the government and rest of the economy as well.
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Re:Confused
Check out the APT Tax. Not sure how feasible it is, but it's an intriguing idea.
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Re:The solution is...
This taxpayer advocate in the link sounds like anything but. I agree with you, in that the current laws are sufficient. You sell "Virtual Item" on ebay for $500, you pay taxes on those $500 (minus expenses such as game purchase, subscription, etc). It's really not that confusing. They also want enhanced implementation techniques (monitoring) so that happens.
On top of that, it also sounds like they want to figure out a way to tax virtual-only transactions, which is about as inane as finding a way to tax small-time bartering in real life. Well, if the IRS wants to accept virtual currency, let them. Perhaps the US Military wants to upgrade their swords of summoning or whatever.
Everytime I hear of this bloated, useless bureacratic nonsense, I feel obligated to mention the APT-Tax.
http://www.apttax.com/ -
Re:Single Tax
There's a real proposal for a tax like this, called the Automated Payment Transaction tax, but the rate is around 0.3%. Needless to say, this makes it a bit easier to stomach.
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I'm in favor of the Apt Tax
That is all. Oh, and it's time for all government to tighten its fat belt.
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Re:Seems problematic
You should disagree, high taxes are never good and are passed on in various ways. This one I'm not even sure yet makes sense - will gamers have to start paying tax on their hobbies? That would suck.
Oh, and I'm hawking this:
http://www.apttax.com/ -
Perhaps it's time for employees to stop
taking their work home with them. This is a consequence of such a thing. Companies are even more worried about projects being lost this way, with 64GB USB sticks out now and what not. Makes you think that they should put a move onto implementing all data systems that encrypts/decrypts data only upon it syncing with a central system via an authorized route PLUS a user password ahead of time. Because once there is a malicious user within the framework, encryption alone won't stop them from selling off massive amounts of info with the 1TB+ sticks they'll have in a few years time.
Might as well hawk this while we're talking about taxes:
http://www.apttax.com/ -
Re:Message from Oregon
Perhaps one that taxes the way most wealthy entities (people and businesses) use their money as well: http://www.apttax.com/