Posted on 01/12/2008 1:06:53 PM PST by SeekAndFind
“Under the Fair Tax....you don’t have to pay if you don’t want to....just don’t buy anything new!”
Wow, you’re right! The Fairy Taxers could just eat used food!
That goes nicely with “used undies” and used “TP”
I am a Grandfather X2 and I will never understand this.
The FT is a giant Red Herring - and designed to totally screw the baby boomers about ready to retire.
The federal budget divided by the population count.
If non-specified, business will simply give big discounts on price and then make up for it in the interest calculation, as interest is deemed non-taxable. These calculations are highly malleable and can become very complex. Homes will be financed with low-ball prices and high interest rates, and sup-prime mortgages will skyrocket.
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Hey Brainiac ,, if you’re willing to sell me a new Cadillac for $12,000.00 at 100% interest for 72 months or a new 3000 sq/ft home with a pool and a 3 car garage for half price I’LL TAKE IT...
And before the first payment is due I’ll refi at my local CU at 6% and pay you off... (businesses will refi at GE Credit or simply float a bond issue).
You have no faith in the free markets correcting for such shenanigans do you? I guarantee that Boeing will sell only one plane at 75% off before they get burned and never do that again.
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Does it apply to non-profits?
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Without having to worry about losing their tax exemption churches will regain freedom to speak to the issues of the day ,, they will also have greatly increased donations as their parishioners will become wealthier ....
It should be noted that tax ememption for property tax and such is not a federal issue and would not change...
The FairTax would be good for non-profits.
I'm a boomer who has already retired and it sure a H*LL wouldn't screw me!
I've run my numbers on the FairTax Calculator every way I can think of and have yet to find a scenario where I don't come out better under the FairTax than I do under the present system.
Give it a try in the privacy of your own home with your real numbers and see how YOU would fare under the FairTax.
When you challenge the problems with the fairy tax they seem to get their used undies in a twist.
Churches would pay the FairTax on all their purchases that weren’t for resale. Kotlikoff estimated that non-profits, including churches, would have paid ~$36 billion in FairTax last year. A church could pay taxes now and speak about whatever they wanted.
Any "problems" associated with the Fair Tax are overwhelmingly eclipsed by the problems associated with the present taxation system.
but getting rid of the graduated income tax remains a freedom issue....seems like all some can do is whine about the cost..
That is EXTREMELY well said and absolutely true!
Bears repeating often!
Yes indeed!
We will never again be a truly FREE people for so long as we continue to abide the Communist inspired progressive income tax and the IRS!
Yes, services are subject to the FT, as well.
I wouldn’t have a problem with what you are saying. Sounds good to me.
B.S. and who cares?
Churches would pay the FairTax on all their purchases that weren’t for resale. Kotlikoff estimated that non-profits, including churches, would have paid ~$36 billion in FairTax last year. A church could pay taxes now and speak about whatever they wanted.
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Sure they could renounce their tax exempt status and be free (This is a freedom issue) today ... but then they would be paying Income Tax... Did Kotlikoff also state that the same $36B is paid TODAY by non-profits in the embedded taxes on the purchases they make?? If not he is distorting the argument by discounting the current (hidden) taxation...
I am amazed at the lengths people will go in an attempt to retain the yoke and whip of the Income Tax.
Sorry Lewis that you don't understand freedom.One of us doesn't or we simply define it differently.
The fairy tax would royally screw anyone making over poverty level and under 200k.
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Since thats probably 90%+ of the population I’d have to say that they are paying most of the taxes now...
What’s your basis for that assumption?
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