Posted on 01/13/2008 5:16:11 AM PST by Man50D
all larger ticket items will be transacted outside the USA for an instant savings of 30%.
They tried similar nonsense in 1991 with the luxury tax. Yet the Fair Tax Scammers, (like Huckabee) want the public to think doing the SAME thing will get a DIFFERENT result.
(...and the IRS will go away because the same bureacrats will have a new sign on the building)
The hundreds of existing sales taxes in America use honestly stated "exclusive" rates. Apples to apples.
Fair Taxers and honesty don't mix.
Seriously? You’re not aware of the universal monthly “prebate” entitlement payments for which the Fair Tax would be created to fund?
control!?
HA!
States go insane over the fact internet avoids their sales taxes.
30% is a HUGE incentive to find EASY means to avoid a tax.
Only “little people” pay taxes. especially a 30% sales tax.
Signing up for the prebate is optional. If you don't want it, don't sign up.
the draconian record keeping,
No more so than under the present system for merchants who already collect sales tax. The taxpayer, who chooses to file for a rebate, only has to keep track of his dependents. Government record keeping will be eliminated.
the criminal penalties for not giving or havin a reciept (ala europe)
So what's new? There are usually penalties for those who don't follow the law.
The TAXABLE interest
Investment income is not taxable under the Fair Tax.
the more you read of the actual proposal the more insane it becomes.
Actually, the more I learn about it, the more I like it.
I had almost forgotten about that fiasco.
What an incredibly lame argument.
Signing up for the NEA grant money and welfare payments is optional. If you don't want 'em, don't sign up.
Fair Tax does not replace excise taxes imposed on imported goods.
REGISTRATION WITH THE GOVERNMENT is for ANYONE selling ANYTHING.
If you sell in a tax exempt step you are STILL required to keep track of each transaction to prove you are tax exempt.
you are confusing registering for the prebate with registering as a “vendor”.
SINCE YOU MENTIONED IT:
The GOVERNMENT decides what is a family for the wealfare prebate. It is the GOVERNMENT that decides what is or is not a family. The government does NOT adopt a “natural family” definition.
Just wait for the sexual politics to infest that debate.
For me the purpose of federal tax reform is to reduce the power the federal government wields over our economy and our lives. Their power stems largely from how much money overall they take away from people through taxes and how they spend that money and this is the factor that is specifically not reformed through the fair tax "revenue neutrality" assumption. Yes I know they also wield power through tax incentives, etc but I believe that is insignificant compared to what they spend on entitlements and everything else. To me, any reform that does not reduce overall revenue to the federal government as part of its primary aim is not reform.
Second, I fear that the federal bureaucracy that would be needed to calculate, disburse and adminster a monthly "prebate" of sales taxes to citizens could well dwarf the IRS in intrusiveness, size and control. It seems to me, to be fair, the government would have to have detailed information about people's incomes and purchases and life circumstances such as illnesses to correctly figure out how much each citizen deserved to be prebated. Such intensive and personal monitoring of individuals would be no improvement over the IRS which most people now only deal with once a year. Any reform needs to simplify and reduce the need for government to have detailed, personal information about each of us and it needs to reduce the government's monitoring of our lives. I do not see how the fair tax meets that test.
Not for those who value their privacy enough.
Actually, the information you would give the government in order qualify for the prebate pales in comparison to what you give them now when you file your Form 1040. And, the information about your dependents, including their SSNs, is readily available to anyone who digs hard enough.
easy to deal with or minimize. It still pays to avoid the 30% sales tax.
nice try.
How does it compare with other welfare programs?
Why must you continually repeat a LIE that you have been called on numerous times? The "luxury tax" you speak of was nothing at all like the Fairtax and you damned well know it as you have been called on it MANY times already.
I guess , come to think of it, since all your side has is LIES then that is what you must depend on!
Both schemes are federal sales taxes imposed on retail sales. The difference is that the "fair tax" would be far more massive.
As long as the government spends as much as it does, no tax system will make anyone happy, unless they pay less than they collect in benefits.
No, the difference is that the luxury tax was levied in addition to the taxation of income. With an across the board sales tax on all new items at the retail level, luxury items like yachts etc. would not be singled out and feel an industry-wide crunch.
Me too. I’m going to make a fortune teaching businesses how to legally avoid the fair tax.
You could even save money on a house by buying a kit overseas, and assembling it on your vacant lot. At one time Sears used to sell house kits just like that.
I haven’t been able to figure out a way to buy real estate overseas and import it into the U.S., but I I’m sure someone’s cogitating on that. and will come up with a way.
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