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Old 03-08-2008, 07:21 AM
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Originally Posted by WormChancellor View Post
Please, can someone--hopefully Java or someone equally articulate--explain to me his objections to the FairTax? I've looked it over and think it a very solid idea; I'm just curious as to the objections. Thanks.
I object because it's unnecessary. We don't need any type of new tax. Excise taxes will sufficiently fund the government if the income tax is repealed.

We had no income tax in this country for over 150 years, and we became the richest, most prosperous nation on earth.

The roads and highway systems are funded by the gasoline excise tax.
Entitlements are funded by their own taxes (FICA, etc.)
The military budget is roughly equal to the corporate income tax revenue.

We don't need an income tax to the fund the government. If we repeal it, we instantly become the largest tax haven on the planet. Foreign money would pour into the banks of this country.

Other countries without income taxes have very high economic growth rates.
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  #12 (permalink)  
Old 03-08-2008, 07:26 AM
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Originally Posted by raytri View Post
T-B, it's "mostly true" if you think that being off by 30% is "mostly true." As I've noted before. He's short by 12% in absolute terms, but off by 30% when factoring in inflation.
We already had that discussion.
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Old 06-13-2008, 09:08 AM
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Ther's a HUGE difference between a national sales tax and the FairTax.
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Old 07-08-2008, 07:14 PM
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Objection: It's too non-linear with it's exemptions and floors. It forces retailers to take on the role of auditors.
Objection: Instituting a new tax without abolishing the old one. We all know how our government would do it; they'd institute the "fair tax" while keeping the income tax.

The 16th Amdt must be repealed before the institution of an alternate tax structure. For that to fly, it must have no floor, no exemptions, and no write-offs. Just a straight percentage on non-staple items.

This is what Rep. Paul advocated.
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Old 07-09-2008, 07:04 AM
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Quote:
Originally Posted by WormChancellor View Post
Please, can someone--hopefully Java or someone equally articulate--explain to me his objections to the FairTax? I've looked it over and think it a very solid idea; I'm just curious as to the objections. Thanks.
Here's an insulting site--I'm sorry for that--which happens to be very accurate in portraying the many shortfalls of the Fair Tax:

http://www.fair-tax.org/

Here's a sample--the inclusive fair tax rate is really at least 30% and not 23%, black markets will grow exponentially, it's a flat tax that will hit the middle and poor classes hard while giving a tax cut to the wealthy.
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Old 07-09-2008, 08:08 AM
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If you actually had limited government (a government that performs only the most basic acts), an income tax is not necessary.
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Old 07-10-2008, 11:47 AM
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If you actually had limited government (a government that performs only the most basic acts), an income tax is not necessary.
One has to ask why the Repubs changed the constitution and created it.
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Old 07-10-2008, 11:54 AM
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Quote:
Originally Posted by Decker View Post
Here's an insulting site--I'm sorry for that--which happens to be very accurate in portraying the many shortfalls of the Fair Tax:

http://www.fair-tax.org/

Here's a sample--the inclusive fair tax rate is really at least 30% and not 23%, black markets will grow exponentially, it's a flat tax that will hit the middle and poor classes hard while giving a tax cut to the wealthy.
How about a 17% GST plus 17% income tax on income over $100,000 with limit of $100,000 of income tax paid?
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