Posted on 08/22/2007 4:51:55 PM PDT by Man50D
“...(except your buying habits, how much you spend, where you spend it, when you spend it)?”
There is no provision in the FairTax to collect information on your purchases. How would anybody track it ?
bump!
“It (the FT) is a fraud, beginning with the rate (23 or 30%?) and ending with the promise of transparency and control of government spending.”
The Fair Tax plan does not address control of government spending (budgetary matters).
Herein lies the puzzlement about the FairTax group. Y’all think that the expansion of the original IRC from its lowly beginnings as something like, Congress can levy tax, to what it is today, will not happen under your brand-new sales tax program. Do you not believe information tracking is everywhere now? What “slavery” is found in reporting your earnings (which ordinarily are reported by employers first) and your mortgage interest (which is reported by your mortgage company first). Okay, okay there are other things, too. But, businesses would always report sales (whence arises the tax) and to spool off the sales information to the gov. will surely include card information, etc. I’m just saying, wake up! Information about you is always going to be out there. You are only enslaved by what you think enslaves you.
There is NO SS trust fund. All monies collected go into the General Fund. SS would be funded by the Fair Tax.
Exactly!
Here is the FairTax pitch: The FairTax will make funding of the Federal Government visible. Every day, every American will see a 23% charge on every receipt. They will start to demand to know what this money is being used for. Pressure will mount on Congress to do something about run away spending.
SS, unfortunately, is a separate issue.It won't be as long as SS is funded in the Fairtax rate...It also needs to be jettisoned.
Once again, using the Fairtax promises:
Increased take home pay.Who would notice SS funding?
Prices about the same as now AFTER THE TAX.
Checks in the mail every month.
Increased buying power.
More money for savings.
Easier to save for a house.
25% lower interest rates.
No decrease in government funding.
What value do I place on the fact that I no longer worry about the following: keeping receipts, penalties and interest, having my life ruined, organizing tax records, spending on an accountant, having an office full of tax records from prior years?How can I tell you what value to put on it? It sounds to me like you either have a complicated tax return or you're making it more complicated than it is...Or you're paranoid. Filling out a 1040 once a year is a cake walk. Most of the tax laws don't apply to the average working man/woman.
I have a business so everything you list there would still apply to me.
Sounds like a big improvement.Yea, like too good to be true. And you know what they say about if it's too good to be true.
There is no provision in the FairTax to collect information on your purchases. How would anybody track it ?Isn't that an admission that tax evasion under the Fairtax would be easier than now?
There is NO SS trust fund. All monies collected go into the General Fund. SS would be funded by the Fair Tax.I didn't say there was a SS trust fund. See my #15. It spells out how "the trust fund revenue" is calculated by SS bureaucrats in the tax rate after the first year of enactment...
So a small portion of your spending is reported, and a portion of your income is reported to the SS.
Less info is still less, right ?
No, it’s a reminder that there is nothing in HR25 that would have a seller collecting your personal information when you purchase something. They have to report the sale, but not who the customer was.
No, it’s a reminder that there is nothing in HR25 that would have a seller collecting your personal information when you purchase something. They have to report the sale, but not who the customer was.They don't do that now where I shop (Unless you use anything but cash)...where do you shop where that's done?
This is yet another failure of the so-called FairTax. The whining we hear now will be turned to the evaders not properly reporting sales. Enter the “sales police”, a new arm of the FairTax Board (made up of Boortz and other book sellers). Then these guys will whine that it is an invasion of their privacy to watch how they spend their money. This thing is such a white elephant. In your former post you mentioned the “cake walk” of the 1040. This is so dead on, I cannot believe these guys actually think the world can get simpler.
Everywhere in CA because we have a state Sales Tax. All Sales are reported to the State of California Franchise Tax Board. And no personal info is reported, so why would anyone think the FairTax would suddenly start collecting your personal info everytime you purchase something ?
The FT plan isn’t designed to address gov’t spending. Its purpose is to change the way the gov’t collects taxes (and that is all). It doesn’t ‘fix’ gov’t spending because that is not its intended purpose. It may compel people to take a harder look at gov’t spending (which would be a good thing), but the plan itself isn’t designed to address the issue of gov’t spending. It is only designed to change the way the gov’t collects taxes. Not really sure why you hope or expect it to address gov’t spending.
All Sales are reported to the State of California Franchise Tax Board.Actually sales are reported to The State Board Of Equalization, not the Franchise Tax Board.
And no personal info is reported, so why would anyone think the FairTax would suddenly start collecting your personal info everytime you purchase something ?I don't know, because they aren't sructured the same and one is state, the other federal maybe.
Some states, maybe even Cal., are tracking cigarette sales for taxes, why wouldn't they do it for any other reason?
Not really sure why you hope or expect it to address gov’t spending.Because just as the quote she posted illustrates, it's an implied promise of the Fairtax plan.
Prove it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.