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To: Tell It Right

What?

Nobody knows who spends what any different than now - the retailer just collects the tax and sends it in. Just like they do now with state sales taxes.


73 posted on 02/15/2023 7:56:43 AM PST by Principled (Biden is illegitimate and whatever he says can be ignored. )
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To: Principled
Nobody knows who spends what any different than now - the retailer just collects the tax and sends it in. Just like they do now with state sales taxes

Maybe I read the article wrong. The quote that I posted from the proposal (article) says there will be a different tax rate based on how much you spend. So how will someone know when it's time to tax you at the higher rate unless that's tracked?

If you'll read the many replies to my post you'll see various ways they say it'll be implemented. Some say the sales tax rate is based on income, not actual sales. So even if the tax is applied at sales, the tax rate calculated for the sales tax is based on income. Think income tax brackets like we have today, but applied to sales tax.

Others replied that everyone will be taxed the same rate, but the government would adjust it by giving a prebate to people in lower incomes. That sounds too much like a welfare check to me. Others say that everybody will get the "prebate". That sounds too much like UBI to me.

So which is it? If it's a true fair tax with a simple sales tax rate then I'm all for it (if it replaces existing taxes). But once you get into taxing sales at different rates, then it starts sounding too much like the "progressive" taxes we're trying to get away from. Then if you get into prebates and such, I start hating it more than the existing system.

75 posted on 02/15/2023 8:13:58 AM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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