Posted on 06/15/2009 8:19:49 AM PDT by Man50D
The FairTax is a specific proposal, one that has been in the form of specific legislation for a number of years. It does specific things, none of which is what you describe. You’re confused.
He he he ... new to tax reform?
There are no “exemptions” in the nrst. It is a uniform excise on retail consumption.
One of many other misunderstanding...
the bill is revenue neutral - it is not intended to bring in less. Would eliminating withholding [which is also revenue neutral] help reduce spending?
well said.
Which information "fairtax"? Just think about it, and think where government is already collecting tax, be it income tax, sales tax or manufacturing tax, tariffs, duties etc. Government will NOT give up taxing these things. Sure, they'll slap a "fairtax at a higher rate in it's place. But be sure that a fairtax will be on ALL goods that trade ALL hands, not just at the Joe public consumer retail level. Government adores collecting tax on tax, and a fairtax would be no different.
That’s right. People should quit conflating how much tax is collected from how you collect it. The current system masks the level of spending. The FairTax would bring it out in the open where everyone can see it.
Okay. Then you're simply lying about the FairTax.
I'm in favor of a flat tax, and not a percentage based flat tax either. a set amount flat tax, like say $500 for each and every person. That's it. No business tax, No retail tax.
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If it had tax “at other levels” it would be a VAT. It would not be a retail sales tax.
It is a retail sales tax. It does not have tax at any level except retail consumption.
If you’re against the nrst for what it isn’t, then you’re not against the nrst.
Sorry Nathan, you don’t dictate the definitions.
A “flat tax” simply means the marginal rate is flat. Hence there can be a flat income tax and there could be a flat sales tax.
Both exist, hence the need to differentiate.
That said, if a bill is proposed for $500 per person, I’d support it.
No, I’m not lying about anything. I’m simply being realistic. It’s fairtax fans that are either lying , delusional, or just unable to grasp the fact that government would never give up the sources of which they grab tax revenues. just because you don’t see a manufacturers tax doesn’t mean it isn’t there. Just because you do see excise taxes doesn’t mean they aren’t there.
Any fair tax bill would HAVE to be amended to include a fair tax at these levels as well. Otherwize a fair tax based solely on retail sales would have to significantly higher than the 57% range.
What people don’t consider is that it is the consumer that pays the corporate tax and footing the bill for businesses tax compliance.
We have one of the highest corporate tax rates in the world. Investment money will flow to countries with maximum economic liberty because that is where the growth will be.
USA used to be the definition of economic freedom and liberty. As soon as other countries figure this out, they will implement the fair tax system. They will do away with corporate taxes and the investment money will drain out of the USA so fast that it will make your head spin. We will be left sputtering and our government will seize assets to attempt to stem the flow.
An estimated eleven trillion dollars are offshore now as our government has deemed it prudent to punish success. You can’t have investment and growth when you punish success.
Don’t agree with every part of the Fairtax? Just the idea that we can remove power from our perpetually re-elected non-representatives is making them nervous. Most of the co-sponsors that have signed on to the fair tax bill have been asked why they signed on? Most are answering that they are reacting to pressure from their constituents.
Help us empower the people and we will tell our government what our tax rates will be. We are approaching 40% of our GDP, it needs to be 10 to 15 percent. The fair tax is a first step. We can grow our way out of this economic mess if only the American entrepreneurs are not hobbled and punished. Lets bring some of that 11 trillion dollars waiting in the wings back to America.
Lets discourage illegal immigrants from taking advantage of our social services and medical services by making them get out of the wagon we are all pushing. It’s time for them to pay their fair share or leave.
And where would the individual states get their revenues from? They would have to either maintain state sales taxes income property and school taxes or implement a fair tax of their own.
Just crawl in a hole and hide, then.
"Government" certainly won't change at all with folks like you throwing dirt in the air and providing them cover to go on their merry way.
No matter how you slice it, income tax is a communist redistribution of wealth.
It may be even more of an incentive for all to become more independent and be less of a consumer, which is exactly the point. Less government dependency. The cost will be born by those who choose to consume.
People using the roadways can always pay a toll for usage should that be a problem, however, state and local property tax is also an option for roadways. I wonder how all these things were built and maintained prior to income taxes......
Smaller government encouraging more independence for its citizens is never bad IMHO.
Direct taxes like the income tax are stupid, counter-productive, liberty-destroying and un-American. Any state that wants to prosper over the long haul will get rid of them.
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