Posted on 02/06/2023 1:27:31 PM PST by Taxman
OK, FAIRtaxers, have at it!
Let us work together to push the FAIRtax issue in 2023!
Go to https://www/fairtax.org to get involved, please!
The national sales tax is a perfect, simple, tax which is why the bureaucrats in Washington, who make the tax code complex and difficult in order to keep their jobs, absolutely hate the idea.
A national sales tax means if you can afford lobster, you pay a higher tax than the guy buying bologna. If you can buy a top-of-the-line vehicle, you’re going to be paying a higher tax than the guy picking himself up a cheap used Ford Focus. It’s the only real, fair tax.
But MOST importantly, it makes sure the government is promoting prosperity (unlike, for example, right now). If the economy is good and people are buying things, government makes more money. If the economy stinks, government has to do with less.
Under those circumstances, you bet government is going to do its best to keep people buying and the money rolling in.
Implementation of this means the gubment tracks where you spend your money. No thank you. There's a reason lots of people like to pay in cash.
Older retired people have very little income,
live off of their savings and social security,
pay very little in the way of income taxes,
and do not want to pay a national sales tax.
While the FAIRtax is a potentially good idea, I prefer a flat tax of 15%. First $35,000 is tax free and then you pay 15% on everything after.
That amount is based on a model of average family spending at that income level. No tracking is involved or needed.
Flat tax is still on income and that is my problem with it ... complex interaction with the IRS.
I would only favor the Fair Tax if it involves a constitutional amendment forbidding congress from ever passing any form of income tax ever again.
A flat tax would last one, maybe two congressional terms and then the asshats would start tinkering with it all over again.
Their power to grift lays in their power to tinker with the tax system and they know it.
The present progressive income tax system has been a massive transfer of wealth for a long time. They will not let go of that easily.
Very wealthy people save and invest. Mostly that is why they have a bigger chunk of Cash. If you will notice as we lowered the taxes of very upper class and even moderately wealthy persons they become more and more Democrat. So unless they really spend massive amounts of their money they end up the winners. It’s just like the poor. The less they pay in taxes and the more they receive from welfare state the less they care about spending. The rich can have their lower taxes and get their government contracts, subsidies and spend government money on their pet projects (especially since they run both parties). The flat tax is clearly self defeating.
100% for the FairTax.
Have been for years!
Old people will get the prebate, and only pay tax on new items...
As a retired CPA living off my retirement income, I am frequently told a myriad of reasons why I should oppose the FairTax. Those reasons are BS. I am 100% behind the FairTax. Thank you for your post.
You would think this would be something the people would want?
Yup. Most Americans have no clue what they pay in Federal taxes. They do see the state and local retail sales taxes on retail receipts though. If they saw the tax on a retail receipt they might catch a clue.
Particularly when I’ve already paid the taxes on the money in my savings accounts.
Not to mention the money tucked in my mattress. And the money I used to buy untraceable gold.
Preach!
The “fair” tax is simply to large for me to support this particular incarnation of it.
No more than 10%. When you consider all the massive taxes collected on everything they can live on 10%. They just would have to stop the unchecked spending sprees they will not stop themselves from doing.
No more than 10%, and I am on board. IRS can then go bye bye which would help cut expenses.
This will never happen, however. DON’T HOLD YOUR BREATH.
Taxes in this country have zero to do with covering debt. Taxes are all about control and punitive penalties over regular people. Even former fed chairs have admitted this truth.
It started out at 10%.
Then went to 17%.
Now it’s at 23%.
And that’s by the proponents.
Once it actually got through, it’ll be up around 40%.
I know. I’m an optimist.
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