The so-called “Fair Tax” is not
It is a National Sales tax- which I would support - with some provisions I will NEVER support
1) The ‘prebate’ - What do you want to do- make it even EASIER for dems to get elected? “Vote for me and next year your ‘pre-bate’ will be $4000 instead of $3000
2) 27% rate? huh? seriously? a third of everything you spend?
3) “tax-inclusive” calculation. I swear I will beat to death the next person who tries to explain to me that this complicated, hidden, and deceptive tax calculation method is “better”
Get rid of those three things, and make it a 10% national sales tax and I’m in- I am just NOT infavor of what is given the nice Orwellian label: “The Fair Tax”
You are seriously misinformed and I do not blame you because those that have vested interests in the Income tax have invested in a lot of propaganda to get people like you to think the same.
Let’s take your list one item at a time:
1) The ‘prebate’ - What do you want to do- make it even EASIER for dems to get elected? “Vote for me and next year your ‘pre-bate’ will be $4000 instead of $3000
THE REBATE IS A MEANS OF MAKING IT POSSIBLE THAT THERE SHALL BE NO FEDERAL SALES TAX ON EVERY AMERICAN FOR THE ESSENTIALS OF LIVING. LET’S EMPHASIZE THAT:
“AMERICA UNDER THE FAIRTAX CODE WILL NOT HAVE ANY FEDERAL SALES TAXATION FOR THE ESSENTIALS OF LIVING”.
NOW FACTS:
1. CONGRESS CANNOT VOTE FOR ANY REBATE UNDER THE FAIRTAX ACT.
2. THE REBATE IS DETERMINED BY A WELL-SEASONED LONG USED FORMULA FOR THE POVERTY LINE BY DHHS.
3. THE UNIFORMITY CLAUSE OF THE CONSTITUTION PROHIBITS DIFFERENT REBATES. EVERYONE GETS THE SAME FROM WARREN BUFFETT TO GRANDMA ON SOCIAL SECURITY. BUT GRANDMA LIVES TAX FREE WHEREAS WARREN WILL PAY MUCH MORE IN RETAIL TAXES, MUCH MORE THAN HIS SECRETARY FOR SURE AND MUCH MORE THAN HE DOES NOW.
4. CONGRESS UNDER THE FAIRTAX LAW CAN ONLY CHANGE THE NATIONAL RETAIL SALES TAX (NRST) RATE.
4. FOR CONGRESS TO CHANGE REBATE AMOUNTS, THEY MUST CHANGE THE FAIRTAX LAW.
5. IF REBATE AMOUNTS ARE RAISED, AMERICANS INCLUDING ME WILL HAVE NO PROBLEM WITH IT BECAUSE IT MEANS LESS TAXATION.
6. IF CONGRESS TRIES TO RAISE THE NRST RATE, I AND TENS OF MILLIONS OF OTHER AMERICANS WILL HAVE A HUGE PROBLEM WITH IT.
SO TO RECAP:
RAISE THE REBATE—> GOOD, THIS IS A TAX CUT.
RAISE THE NRST RATE—>BAD, THIS IS A TAX INCREASE.
2) 27% rate? huh? seriously? a third of everything you spend?
WHEN WE TOTAL ALL OF THE INCOME AND PAYROLL TAXES THAT ARE IMPOSED ON SUPPLY CHAINS AND SERVICES TO GET PRODUCTS AND SERVICES TO THE RETAIL CONSUMERS, WE HAVE 23% AVERAGE EMBEDDED TAXES IN THE PRICES OF EVERYTHING WE BUY AS A CONSUMER, BE IT A PLUMBING SERVICE, A CART OF GROCERIES OR AN AIRLINE TICKET. IN OTHER WORDS, WITH OUT FEDERAL INCOME TAXATION, PRICES OF EVERYTHING WE BUY WOULD BE 23% LESS ON AVERAGE.
UNDER THE FAIRTAX, ALL OF FEDERAL INCOME TAXATION IS ABOLISHED. THEREFORE, ALL CONSUMER PRICES WILL BE ON AVERAGE 23% LESS.
THE FAIRTAX LEGISLATION HAS A 14% NRST RATE AND A 9% FOR BUDGET BLOAT LEAVING PLENTY OF INCENTIVE TO CUT SPENDING WHICH MUST BE DONE. THE TOTAL INCLUSIVE NRST PERCENTAGE WILL BE 14+9=23%.
IF A 2 X 4 AT HOME DEPOT COSTS $2.00 TODAY, IT WILL COST $1.54 ON THE SHELF UNDER THE FAIRTAX. WHEN THE 2 X 4 IS TAKEN TO THE RETAIL CHECKOUT, AN NRST OF 46 CENTS WILL BE APPLIED AND THE TOTAL PURCHASE PRICE INCLUDING FEDERAL SALES TAX WILL BE $2 OUT THE DOOR. THIS IS WHY THE FAIRTAX IS A REPLACEMENT TAX. IT TAKES ALL THE FEDERAL INCOME TAXES OUT OF THE SYSTEM AND REPLACES WITH ONE FEDERAL SALES TAX.
JUST BECAUSE YOU CAN’T SEE THE EMBEDDED TAXES DOES NOT MEAN THEY ARE NOT THERE. THEY ARE MOST CERTAINLY THERE. BUT THE FAIRTAX BRINGS THEM OUT INTO THE OPEN, INTO THE SUNLIGHT AND POLITICIANS THAT LOVE TAXES DON’T LIKE SUNLIGHT ON TAXES.
THE FAIRTAX SPEAKS TRUTH TO FEDERAL TAXATION!
3) “tax-inclusive” calculation. I swear I will beat to death the next person who tries to explain to me that this complicated, hidden, and deceptive tax calculation method is “better”
IF YOU ARE HAVING THOUGHTS OF BEATING SOMEONE TO DEATH, I RECOMMEND YOU TAKE A LOOK IN THE MIRROR AND START THERE.