FAIR TAX BOOK- 2nd Ed. Revisions

self | May 5. 2006 | RobFromGa

[RobFromGa]

I called out these passages specifically in my letter to Linder/Boortz last year. This letter is posted here:

JORGENSON EXPLODES FAIRTAX MYTH (FR Exclusive)

[RobFromGa]

the second edition acknowledges our concerns with the way the FairTax was being mis-represented.

[RobFromGa]

ping

[balrog666]

Better late than never. I wonder what the Kool-Aid drinkers will make of this.

[Always Right]

I thought pigdog said he debunked all this.

[RobFromGa]

sorry always right, I meant to ping you but I mistyped the spelling on your handle.

[Beagle8U]

"In the second edition, they say our purchasing power will be about the same."

5 dollars is "about" the same as 5 million, hard to prove lier's wrong...lol

The Fairy tax is a joke on anyone stupid enough to vote for it.

If someone makes 200k or more, AND owns a business where they can write everything off, its a good deal.

Homeless persons would make out pretty good also, everyone else takes it in the ash.

[RobFromGa]

If someone makes 200k or more, AND owns a business where they can write everything off, its a good deal.

Only if the resultant effect on the consuption economy doesn't destroy the business, that is my concern.

[RobFromGa]

I wonder what the Kool-Aid drinkers will make of this.

They'll say that Boortz is an idiot, probably.

[Beagle8U]

"Only if the resultant effect on the consuption economy doesn't destroy the business, that is my concern."

My point is that business owners can scam the system, as can the very , very, poor with the prebate.

[xcamel]

Ping-a-ling!

TANSTAAFT!

(There ain't no such thing as a FairTax)

Double digit taxation for single digit IQ's

*pinglist*

If H.R. 25 was enacted into law tomorrow, and a future Congress followed its language to the letter, would that future Congress have authority to calculate a tax from corporate income as upheld in FLINT v. STONE TRACY CO., 220 U.S. 107 (1911)? The answer is, YES! Our socialists in Congress would still be able to lay and collect a tax calculated from income just as is now calculated under the Income Tax! This is what the FairTax Con Artists don`t tell you.

Freepmail me to get on or off.

[Beagle8U]

Where are the fairy taxers?

They must be taking a day off?

[xcamel]

Formulating a grand "group think" and talking points to deny ever backing all the thinks the book changed.

[Dimples]

It seems there is a bit of a shift in the meaning of "embedded taxes" used in this revision of the book. Before this edition, "embedded taxes" referred to that portion of product price owing to income taxation. Now it seems to refer to formerly withheld tax ... even though it's still embedded in price.

The statement

“The prices of consumer goods and services remain essentially the same, with the removal of the embedded taxes compensating for the added consumption tax.”

is still a bit of a stretch considering that actual prices will rise by approximately the amount of the new tax ... that, however, is offset (for wage earners) by the elimination of withholding. The tax is still embedded in the price, as are the formerly withheld wages.

At any rate, the revision does indeed seem to back away from some of the more egregious falsehoods.

Now if we could get an honest appraisal of the "revenue neutral" tax rate ...

[xcamel]

Rob - did you catch my post on Costa Rica moving to the flat tax?

see: http://www.freerepublic.com/focus/f-news/1627193/posts

[groanup]

Attention, attention!!! Rob has been nominated for a Pulitzer Prize for investigative journalism.

C'mon Rob. That horse doesn't even have a hide anymore.

[Shimmer128]

So what do you all suggest??
This is the first objections I've heard, not a Freeper for very long.

[lewislynn]

Good job Rob you deserve all the credit.

Truth and facts will always prevail...

[groanup]

I don't know where you stand on the fair tax. You'll notice the above ping in the first few posts by Rob. He pinged his handful of allies who, for whatever reason, think that the abortion of a tax code that we have now is better than the fair tax. As you will see shortly, there are many more Freepers who are in favor of the fair tax.

www.fairtax.org

[lewislynn]

Now if we could get an honest appraisal of the "revenue neutral" tax rate ...

An honest appraisal (or any honesty) from the Fairtax crowd? HA!