I can’t agree with Ted Cruz on this.
We need lower tax rates, flatten it out.
The FAIR tax is over-complicated, doesn’t reduce rates and the “prebate” is the most retarded thing ever devised.
With you. A national sales tax will ultimately hurt those that can least afford to BE taxed.
We all need equal amounts of bread, milk, etc... The prebate not withstanding, those things cost more as a percentage of income for lower income households than they do for wealthier families. If anything, it’s not fair.
Lower all income tax rates - dramatically. Take away all deductions (even on the corporate side) With all that wrangling gone, the IRS can be cut by 2/3rds at least. More money is spent on enforcing the law. If they made it simple, that would save billions alone.
I completely agree.
From the article:
A flat tax is still an income tax, and would leave the IRS in place.
If there are no deductions, credits, write-offs, or exceptions leaving the IRS in place wouldn't matter because they would be stripped of virtually all their power, at least insofar as personal income is concerned — their power comes from their ability to interpret the hideously complex mass we call the tax code and a flat rate with no write-offs or deductions would eliminate that.
The Fairy tax is nothing but a joke, totally unworkable.
“We need lower tax rates, flatten it out.
The FAIR tax is over-complicated, doesn’t reduce rates and the “prebate” is the most retarded thing ever devised.”
The income tax started out lower and flatter, and politicians have spent every day making it worse and worse.
The prebate is like the standard deduction we have now.
NO!
If the 16th Amendment is not repealed, the “progressive” tax rates will come back. Envy and avarice are always on the prowl. There will always be a large constituency for soaking “the rich.”
The FAIR tax is NOT complicated. It is one rate. And it replaces ALL OTHER federal taxes. While 23% seems high, ALL OTHER TAXES would be repealed.
The “prebate” would be a gold mine for politicians to manipulate to give “benefits” to this group and that. Flat tax of +-% would work except for the probability that, coupled with massive business deregulation, it would raise ever more revenue for the government as the economy burgeons as never before.
The fairtax is much simpler than any income tax including any flat tax. The USA has had several flat taxes beginning in 1861 (yes before the 16th; and again in the 1870s and 1890s) and all of them were amended and revised to become graduated in subsequent sessions of Congress.
Hence, a flat tax never stays flat.
The fairtax rebate simply provides that no taxpaying American shall pay any federal tax on consumption at a level of essentials.
Hence, the fairtax rebate is a tax cut for all Americans. I’ll take it.