Posted on 06/09/2008 7:28:25 PM PDT by Man50D
Location: Myrtle Beach, South Carolina
Date: June 12, 2008
Time: 7:00pm
Building: Old Depot Station Building
Fair Tax Presenter: Thad Viers
You may be an income tax lover if you:
1. …believe that taxing the creation of wealth is better for the economy than taxing the wealth when it is spent.
2. …believe that returning people’s tax payments to them is welfare.
3. …have no problem with a tax code that is wordier than the Bible.
4. …believe the IRS is a good department and does a good job.
5. …believe that the worst thing you could do is tax the wealth of old geezers who are living off of the sweat of the younger workforce.
6. …love to tell everyone you see that the FairTax was created by Scientologists.
7. …believe that what Bruce Bartlett says is the gospel and that scores of other credentialed economists are only paid shills.
8. …have a habit of going to online chat rooms and posting insults about the “Fairy Taxers.”
9. …think that calculating a tax the same way as the tax it is replacing is dishonest.
10. …think the economy has always been fine under the income tax.
11. …call the FairTax a “cult” because you can’t think of anything else to say.
12. …believe that cutting one tax by 25% and raising another by the same amount is inflationary.
13. …think inflation is caused by high taxes.
14. …think Milton Friedman is an idiot.
15. …have a soft spot in your heart for European style VAT’s.
16. …wrote the ten planks to the Communist Manifesto.
17. …think the prebate is Marxist but not the Communist Manifesto.
18. …sell some sort of tax advantaged product.
19. …claim you clamor for tax reform but have no earthly idea how to do that.
20. ...howl in outrage when the BATF violates the 2nd Amendment but have no concerns when the IRS violates the 1st, 4th and 5th Amendments.
21. ...believe that having the bottom 50% of income earners pay little or nothing to the government has the best chance of limiting that government.
23. ...think that people give to charity just because there is an income tax.
24. ...believe there is nothing you can do about congress.
25. ...believe that the only reason people buy houses is to take advantage of the mortgage deduction.
Do you really want to pay taxes on your rent?
What was funny is what they call a 'debate', fairtaxers presenting their views. Sounds like a global warming 'debate' where only the koolaid drinking alarmists are allowed.
Or pay taxes on your new house, then taxes on the interest on its mortgage.
Or pay taxes on your new house, then taxes on the interest on its mortgage.Forget any equity. In a downturn with the Fairtax you could owe more or have paid more in tax than your house is worth.
Thanks for the ping. I see the SQL's are already trying to hijack your thread.Hijack the thread? There's no point to this thread. It's not even a thread. It's a calendar entry. What exactly in Man50D's post requires a thread? What are we to discuss? "Do you think they'll serve a snack?" Maybe it will be....
OK, let's discuss. Who thinks they'll serve Spam at the FairTax debate at the Old Depot Station Building in Myrtle Beach, South Carolina on June 12, 2008 at 7:00 pm (featuring Thad)? I say yes!
Your opinion is valued. Spam or no Spam?
90% of fairtax threads are spam. Blog entries, bus stops, fairtax.org propaganda. Only when they start in with the personal attacks does it get moved.
“p.s., who’s Thad?”
A VERY conservative SC State Representative. I don’t know how I feel about the Fair Tax as it has been developed thus far, but at least we are now seriously discussing replacing the tax system.
The insults only reflect their growing desperation as The Fair Tax gains support.Desperation? Come on. The FairTax is about as dead as dead can be. Neither presidential candidate supports it and the Dems look to expand their majority in Congress. There is no realistic scenario that has the FairTax being passed in the next 5 years. And, frankly, I don't think any scenario that has the FairTax being implemented is realistic because it isn't realistic tax reform.
I don’t know how I feel about the Fair Tax as it has been developed thus far, but at least we are now seriously discussing replacing the tax system.I must have missed the serious discussion about replacing the tax system. The FairTax crowd has sucked all the oxygen out of the discussion.
As opposed to paying taxes on every dollar you earn?
As opposed to paying legions of parasitic bureaucrats to figure out new ways to complicate the tax code?
As opposed to billions of dollars a year being spent for tax collection and enforcement?
As opposed to sweating out an audit because of an unintentional mistake?
As opposed to going to prison and having all assets frozen or confiscated by the damn federal government?
HELL YEAH!!!!!!!!!
I guess that makes all of you tax accountants happy..................
Not really true considering the bottom quarter don't pay any income taxes. A good chunk of earnings is exempt from taxes.
I guess that makes all of you tax accountants happy..................Does spending about an hour a year with TurboTax qualify me as a tax account?
and interest on the taxes - unless you can pay the 23% (inclusive) FairTax upfront.
Fine. Sit in your basement and type insults on your Atari computer while the rest of us get the work done.
No. It qualifies you as a form EZ filer. How do you do spend your EITC?
Speaking of Spam, where’s Nealz poster boy (in the true sense of the word)? Where in every other post that isn’t profane name calling it’s a correction of spelling from the previous profane name calling post...Resulting in killing the thread then blaming the name callee for it.
No. It qualifies you as a form EZ filer. How do you do spend your EITC?HA! Hardly. I fill out the 1040 and have a few deductions. What the hell is so difficult. Most of the information is sent to you and you just have to plug it in (TurboTax can even automatically download it sometimes). What is so hard? This isn't 1982. We all have computers. People make it out to be more complicated than it really is.
LOL count the ad hominems on this thread. That seems all the opposition has.... when people find out about the nrst, they like it an an overwhelming ration [75% IIRC].
No wonder they don’t like to talk about it.
Are you paid by any entity to monitor, report, or participate in any tax discussion related internet activity?
Wouldn't it be nice for everyone to be vested in the country. These 'entitlement' recipients might actually take notice if they were paying into the system, also.
A good chunk of earnings is exempt from taxes.
Especially in you have a parasite tax attorney. And how much more wealth would be in the US if people didn't have to shelter their wealth offshore?
Then what's your vested interest in maintaining the graduated income tax?
LOL! You can't be serious. What is so complicated about percentages?
Now they think they're thread police. LOL.
Where I live we pay three different types of sales tax depending on what you are buying and what category it fits into. Different foods are taxed differently based on how they are prepared.
Leave it to the NC government to overly complicate taxation. Even so, the calculations are simply percentages, right? Done automatically at the cash register I would presume.
The FairTax would be a ONE simple percentage instead of incredibly complicated deductions, depreciation schedules, tax credits, income rules, etc.
Yes it would, unfortunately the fairtax establishes the biggest give away every, some $500-600 billion per year to every citizen with a heartbeat. Unlike the current income tax where you at least have to work to get a tax break, any bum on the street will get a nice monthly check that will provide all the alcohol and drug money he needs.
The fairtax will get plenty complicated for items used both as personal and business or items that are converted from one use to another. As people get more creative at avoiding the fairtax, the complicated rules will quickly follow. Besides, even under the 'clean' fairtax bill there are still exceptions for education and funky variable rates for interest income and expenses.
Instead the wealthy will shelter themselves by consuming offshore. Plenty of wealth will still be leaving the country.
Still, that isn't even close to the mess we have now. And the taxing of consumption encourages investment and productivity.
They have that now. It's called welfare and food stamps.
Yeah, right. I'm sure that people would much rather deal with customs than pay a simple sales tax.
Are you paid by any entity to monitor, report, or participate in any tax discussion related internet activity?No.
Then what's your vested interest in maintaining the graduated income tax?I have none. I would prefer the Flat Tax. I do have a vested interest in making sure that the FairTax is never implemented, but that only because the FairTax would be ruinous to the country in which I live and love and to the economy that allows me to prosper.
LOL! You can't be serious. What is so complicated about percentages?So - since it's not complicated - how much did you pay in sales taxes last year?
The FairTax would be a ONE simple percentage instead of incredibly complicated deductions, depreciation schedules, tax credits, income rules, etc.How long did it take you to do your taxes this year?
The current system gives out twice that.
Think, man, think.
Why do you oppenents latch on to such silly arguments?
The present tax system started out as a flat tax.
because the FairTax would be ruinous to the country
That's absurd. It's not ruinous to the states that have a sales tax in lieu of an income tax.
The present tax system started out as a flat tax.The "Flat Tax" refers to the Hall/Rabushka Flat Tax (which is actually a consumption tax). Our current system did not start out as a version of the Flat Tax (it didn't even have a flat rate so I'm not sure why you would even characterize it as a flat tax in any way).
That's absurd. It's not ruinous to the states that have a sales tax in lieu of an income tax.No state has a rate anywhere near the proposed FairTax rate.
I agree that a flat tax would be better than what we have now - but the flat tax still hides taxes and the flat tax still has both EE and ER payroll taxes - an important detail frequently omitted by proponents when they discuss the level of taxation imposed by the flat tax. The nrst removes from being hidden the taxes it replaces.
Also, the flat tax isn’t border adjusted. The nrst is.
They’re both tax on consumption - as such they would affect the economy similarly - with the exception that exports would not become more competitive under an income tax... but exports will become more competitive under the nrst.
Maybe those few reasons are a part of why Hall/Rabushka income tax has two consponsors and the nrst has 80.
Also, the flat tax isn’t border adjusted.First, border adjustability is no big deal in the long run - the exchange rate would adjust and we would be right back where we started. Our goods are not going to suddenly be a lot cheaper on the world market. (If our goods are so much more expensive on the world market because of our tax system, why do we have any exports.) Second, the Flat Tax could be border adjusted.
You miss the point entirely (no surprise). The sales taxes you pay are calculated at point of transaction. BECAUSE of the income tax law, you are forced to KEEP records of all the sales taxes you pay IF you don't want to use the standardized ST deduction. Under the FT you would pay your Federal taxes as you conduct business and record keeping be damned.
You miss the point entirely (no surprise).Uh, no. You totally misunderstood my point (remember, you were replying to my post). The point is your total tax burden is almost impossible to accurately calculate under a sales tax.
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