Transforming the Tax Code: An Examination of the President’s Tax Reform Panel Recommendations

House of Representatives Small Business Committee ^ | Feb. 01, 2006 | David Burton

[pigdog]

A good read and right on target.

[ancient_geezer]

A Taxreform ping for you all.

A critique well worth the time to consider.

If anyone would like to be added to this ping list let me know.

John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all federal income, SS/Medicare payroll, and gift/estate taxes outright replacing them with with a national retail sales tax administered by the states.

H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.

Refer for additional information:

• AllTheWeb search: "national sales tax" OR "national retail sales tax" OR "fairtax"

[Walkingfeather]

I thought this was doa why post it?

[ancient_geezer]

Looks to be a rather good analysis of why the Tax Reform Panel Recommendations were DOA to me.

[Banjoguy]

Someone has put a lot of time and trouble into this. For me the whole thing is a sick joke.

Every person on earth knows that not one reform will ever be manifest.

The scum in Washington, D.C. will not give up one cent of our money but will pay lip service to reform each time an election looms.

[AwesomePossum]

I am all for a consumption tax, and the Fair Tax looks pretty good................everybody pays, no exceptions, except for poor (legal) US citizens................

[Man50D]

The scum in Washington, D.C. will not give up one cent of our money but will pay lip service to reform each time an election looms.

They won't have to give up one cent with The Fair Tax H.R.25/S.25 as The Fair Tax is revenue neutral. They will collect the same amount of taxes with The Fair Tax as they do with the income tax. I suggest you visit Americans For Fair Taxation and Fair Tax FAQ's for more information.

[pigdog]

Certainly they won't unless people band together enough to demand it from their "elected reps". That's what the grassroots movement is all about.

[Always Right]

Inflationary....Fairtax grade 'F'.

[pigdog]

Actually, that falls under "Low Marginal Tax Rates" - and it's an A+.

[Always Right]

Actually, that falls under "Low Marginal Tax Rates" - and it's an A+.

LOL, is that the best BS you can come up with? You are a tool. I guess this will just add to the long list of words pigdog reinvents in your effort to pimp the fairytax. Your paid for economist/whore David Burton only evaluates things he can spin to make the fairtax look good. A 20% overnight inflation is not one of them.

[Bigun]

Your paid for economist/whore David Burton...

Could that possibly be a slur coming from the mouth of someone who cannot legitimately refute something that has been said by someone FAR more educated on the matter than he?

Yep! I though so! Naughty Naughty!

A 20% overnight inflation is not one of them.

Perhaps that's because the ONLY place this mythical 20% overnight inflation exists is in the dark recesses of your twisted mind!

[Always Right]

Could that possibly be a slur coming from the mouth of someone who cannot legitimately refute something that has been said by someone FAR more educated on the matter than he?

Refute what? All he offers is his opinion and that opinion is one of a PAID supporter. I showed how he IGNORED the most negative aspect of the plan, high inflation to illustrate just a bad his analysis was. It is clear many of his 'A+' for the fairtax were a result of his bias. How can you give an A+ for 'low-marginal rates' when its a 30% sales tax??? 4-5% of that rate is just to pay for the prebate. That is certainly not an 'A+'.

Perhaps that's because the ONLY place this mythical 20% overnight inflation exists is in the dark recesses of your twisted mind!

No, in fact many fairtax supporters agree with that number since the Dr. Jorgenson fiasco.

[Bigun]

Refute what? All he offers is his opinion and that opinion is one of a PAID supporter.

So that gives you the right to cast about slurs on his character?

I showed how he IGNORED the most negative aspect of the plan, high inflation, to illustrate just a bad his analysis was. Perhaps he ignored it because he, like many others, do not believe that it will happen and the only thing you have shown is proof that you can come up with some BS to support your position while ignoring ALL the evidence to the contrary.

No, in fact many fairtax supporters agree with that number..

Name one.

[Always Right]

So that gives you the right to cast about slurs on his character?

So the fact that he is a paid for advocate for the fairtax should not bring his 'grades' into question? If someone is pimping for a proposal, they hardly qualify him as impartial. His 'grades' are meaningless and his selective criteria is quite telling.

[pigdog]

From the lead-in paper:

"... because the FairTax is honest and transparent and the current tax system is anything but honest and transparent, FairTax detractors are able to obfuscate, demagogue and confuse by misrepresenting the facts ..."

If you see some flaw in his reasoning, please state it so we can know what it might be.

[PrairieLady2]

“The plan should exempt the poor from tax and allow everyone to meet the necessities of life before paying tax. Once the necessities of life have been met, however, the plan should treat people equally with favoring one set of taxpayers over another and by taxing the same proportion of goods and services they purchase for their own personal use. The plan should not play favorites or reward the politically powerful or well connected.” “allow everyone to meet the necessities of life before paying tax.” BAD NEWS. Necessities differ. The government could reject your housing expenses or allot $300/mo for housing needs because it decides you only ‘need’ one bedroom. It doesn’t matter that your current house has 4 bedrooms costing you $800 a month. The government says you don’t ‘need’ that. You only NEED $100/month for food per individual. You only ‘need’ 3 pairs of underpants, and one coat. You only ‘need’ to have electricity in your house but you don’t ‘need’ to use it. You only ‘need’ one base phone for your business, and not the 6 cell phones you have, to keep your people informed. They only “need’’ a couple of quarters because they can use a pay phone to call their employer instead of that cell phone. You only ‘need’ $12,000 per year to live on, anything else is luxury, and the government is entitled to what it says you don’t ‘need’. The document is a bad news bear with very little thought of the potential impact on the general public, with tons of room to abuse, and confiscate what you don’t ‘need’. From each according to his ability, TO each according to his ‘need’ (however arbitrary the definition of ‘need’ is.). There is no individuality allowed, no room for differences in circumstances, no room to opt out of taxes based on those different circumstances. It opens the door to more micromanagement of individuals, private businesses & corporations resulting in a loss of freedom, and then end of the ‘voluntary’ tax system. Such a plan makes taxes much more permanent and irrevocable. The States might administer it, but the Feds own it which removes power from the states. Currently should the States decide, they can withold taxes. They do have the power to reign in the Feds. Far reaching undesirable implications exist with such a plan.

[Always Right]

If you see some flaw in his reasoning, please state it so we can know what it might be.

Reasoning? What reasoning? His whole premise that it is the detractors who 'demagogue' and 'misrepresent the facts' is hillariously hypocritical. These paid for whores such as David Burton have grossly misrepresented facts since day 1 with their 'keep your full paycheck and watch prices come done' load of crapola.

[pigdog]

You have completely misunderstood what the FairTax is about and how it operates. Perhaps you have not read much about it.

It is not "the government" determining your "needs" at all under the FairTax. It's YOU!!!

Each family receives a prebate based solely on family size and that family determines whether it is spent, invested, or given to charity, or stuck under the mattress. Whatever you decide to buy that is taxable (and many things are not) - it's YOUR choice.

It's called Freedom.