To: Man50D
a 'fair tax' would be more costly and drive the cost of all manufactured goods up. It isn't as simple as a "consumer tax".
It's a tax on everything tax, everything including the parts auto manufacturers buy to build cars, the pipes a plumber buys to fix your plumbing etc etc. Then "fair tax" is again charged on the pipes and services he provided you, and on the car the auto dealer sells you. Fair tax is a tax that multiplies the cost of everything as it passes from hand to hand.
Plus it will lead to more regulations, such as registering items like your TV and appliances to stop the smuggling of fairtax free goods, or else you can't plug them in, etc.
To: Nathan Zachary
No, the fair tax is not a tax on everything. It does not tax parts used in auto manufacture - or any manufacture.
It is a tax on retail consumption. It has zero business taxes... which, as you know, end up in higher prices, lower wages, or reduced ROI... like today’s system or a flat income tax.
9 posted on
06/15/2009 8:34:36 AM PDT by
Principled
(Get the capital back! NRST!)
To: Nathan Zachary
It's a tax on everything tax, everything including the parts auto manufacturers buy to build cars, the pipes a plumber buys to fix your plumbing etc etc. Then "fair tax" is again charged on the pipes and services he provided you, and on the car the auto dealer sells you. Fair tax is a tax that multiplies the cost of everything as it passes from hand to hand. Wrong. You're not describing the FairTax. You're describing a VAT, or value-added, tax, which imposes a tax at every level of production, and which virtually no one in the tax reform movement supports. The FairTax is a RETAIL tax, imposed once at the cash register.
FReepers value truthfulness, and your post is not.
11 posted on
06/15/2009 8:35:28 AM PDT by
EternalVigilance
(God-fearing, life-respecting, liberty-loving conservatives are America's natural leaders.)
To: Nathan Zachary
It's a tax on everything tax, everything including the parts auto manufacturers buy to build cars, the pipes a plumber buys to fix your plumbing etc etc.
Your statement is correct if you exclude the fact used items will not be taxed nor will there be a tax on business to business transactions.
Fair Tax FAQ #1.
Plus it will lead to more regulations, such as registering items like your TV and appliances to stop the smuggling of fairtax free goods, or else you can't plug them in, etc.
Huh? Please show me where in the bill it will require registering items! Of all the statements posted against The Fair Tax this one is the most ridiculous! I suggest you actually read the bill
Fair Tax Act(HR25/S296) before making anymore ludicrous comments.
15 posted on
06/15/2009 8:38:04 AM PDT by
Man50D
(Fair Tax, you earn it, you keep it!)
To: Nathan Zachary
Where are you getting this information?
16 posted on
06/15/2009 8:39:17 AM PDT by
listenhillary
(90% of our problems could be resolved with a government 10% of the size it is now.)
To: Nathan Zachary
May I suggest you do a bit of study about how the FairTax bill reads? It is glaringly obvious that you haven’t done so.
To: Nathan Zachary
I’d suggest that before you jump into a discussion, you do some research first.
It is apparent that you are unarmed in this particular battle of wits — you have just described a Value Added Tax, not the FairTax.
And, just out of what orifice did you pull this dumbass statement: “Plus it will lead to more regulations, such as registering items like your TV and appliances to stop the smuggling of fairtax free goods, or else you can’t plug them in, etc.”
166 posted on
06/15/2009 12:12:20 PM PDT by
Taxman
(So that the beautiful pressure does not diminish!)
To: Nathan Zachary
PS The Value Added Tax is a VERY BAD IDEA!
As you so clearly state.
167 posted on
06/15/2009 12:13:23 PM PDT by
Taxman
(So that the beautiful pressure does not diminish!)
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