Posted on 08/16/2007 6:10:39 PM PDT by RobFromGa
just as I suspected...
chirp chirp chirp...
If you are referring to the flat income tax then yes I do but I SERIOUSLY doubt that YOU do.
in europe we are seeing tax competition. They are lowering the rates because they want more economic growth.
Consumption taxes will either not be lowered or even raised -especially on the ‘bad’ things like gas, cigarettes, alcohol. There will be all kinds of exceptions: things that poor people buy, which get a lower rate, and things rich people usually buy, which get a higher rate. And most of these changes will be hidden as opposed to a single bill that tells you exactly what you have to pay in taxes.
There are crane operators out there who know that if you buy $100 worth of clothes the 23% FairTax comes out of the $100. Nothing is added to the price.What happened to "the Fairtax is more visible"? "Everyone will know the true cost of government"? And other such nonsense. And now you're saying the Fairtax is a hidden tax.
Also, what does MR. Superior have against crane operators?
Politicians will always be politicians. The FairTax would not change this even though it’s cheerleaders assert that it would. The prebate would be one obvious area to manipulate one group against another. There are many other ways to play the game, with the income surtax on the “rich” being one of the most obvious, especially after the disaster of the FairTax unfolded. We would end up with both a sales tax and an income tax just like most of Europe...
Replace politicians that won't sign on to the fair tax
We the supporters are growing by leaps and bounds that has a whole lot of people worried such as politicians that won't sign on to the fair tax
Vote for those on board = Fair Tax
Yep! But they would find it several orders of magnitude harder to do with the Fairtax what they are currently doing with ease under the income tax.
I prefer FREEDOM thank you!
you asked for it :)
The Fair Tax Fraud
http://www.mises.org/story/1814
Try moving to Muldova.. thet have exactly what you want...
"This brings us to the question of embedded taxes in the cost of consumer goods and services, and your paychecks.
As explained in The FairTax Book, there are taxes embedded in everything we buy. Every entity which provides a product or service in the design, production, marketing, distribution and sale of every consumer good or service will incur some tax liability as they perform their particular function. This tax liability will be incorporated into whatever these individuals or business entitles charge for their services, and will all passed through to become a part of the final cost of the product or service.
Now here's what we didn't explain well in the book.
Every employee of any company involved in American commerce is also a provider of a service, and, as such, the employee incurs a tax liability as a result of his or her work. This tax liability is incorporated into what the employee charges the employer for their services, and is eventually incorporated into the final retail cost of the employer's product or service. Each employee is essentially a separate business entity providing a product, be it physical or mental labor, to the employer.
The extensive research behind HR 25, The FairTax Bill, shows that the average embedded taxes in every consumer product or service is about 22%. In some industries, such as leather goods, the embedded tax is smaller. In other industries, such as homebuilding and construction, the embedded tax is higher, but it averages out to somewhere between 22 and 23%. With the passage of The FairTax Bill, those embedded taxes disappear. These embedded taxes include the combined tax burdens of all entities involved in bringing those goods or services to market, and that includes you, the employee, and the taxes you incur as a result of your employment.
We write in The FairTax Book that the competitive pressures of the marketplace will force prices down when embedded taxes disappear from the cost of retail goods and services, and we cite 22% as the average amount of those embedded taxes. Does this 22% include the income and payroll taxes that are paid by employees? Yes, it does. So ... what does this mean to your paycheck after the FairTax becomes law?
When the FairTax is implemented, and when business and personal income and payroll taxes disappear, your employer is going to have to make a decision. He will either take some or the entire amount he had been withholding for federal income and payroll taxes and add it to your weekly check, or he will readjust your pay figures so that your entire paycheck will be equal to what you used to call "take home pay" before the FairTax. The employer may also decide to do a little of both. Either way, you can see that the amount of money you actually receive as pay – the amount you can put into your bank account – will not decrease, and may actually increase.
On a larger scale real wages will rise to the extent to which the nation's employers decide to return the embedded costs of their employee's income and payroll taxes to the employee. Likewise, the cost of the products or services produced by the employer will be reduced to the extent to which that employer retains all or a portion of those income and payroll taxes together with the other taxes on capital and labor eliminated by the FairTax. Once again, a zero-sum, revenue neutral game.
Now, let's elaborate on the "keep 100% of your paycheck" line that appears in The FairTax Book. It is certainly true that after the FairTax becomes law there will be no more withholding from your paycheck for any federal taxes. What you earn is what you get. This is not to say that your gross pay will equal what it was before the FairTax. This will depend on what your employer does when the embedded costs represented by the tax burden you have passed on to your employer disappear. One thing is certain: You will suffer no decrease in real or net earnings --- the amount of each paycheck you deposit into your bank account every other week. The "keep 100% of your paycheck" concept can more easily be applied to those who either change jobs or come into the labor force after the implementation of the FairTax. A new worker will negotiate a wage with an employer knowing that the amount negotiated will be the amount that worker receives every two weeks ... no deductions. Likewise, when you change employers you, too, will negotiate a wage that will not be subject to withholding, and you will get 100% of your wages in each paycheck."
Neal Boortz: Straightening Out some confusion
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Do you REALLY want to defend the current income tax system?
The Fair Tax is a fraud, any politician that supports it is either not intelligent, or hasn’t read the bill, or knows nothing about running a business. Or all three.
Support for the FairTax is a good reason to withdraw support from a politician.
Complete poppycock.
If you are referring to the flat income tax then yes I do but I SERIOUSLY doubt that YOU do.The Flat Tax is a consumption tax.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Wonder Warthog thinks they should just take the hit. I'm sure the AARP will get 100% behing the Fairtax. LOL!
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
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