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  #11 (permalink)  
Old 07-24-2008, 04:31 PM
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More demogaugery trying to quote the fairtax as an exclusive tax and not a inclusive tax. The 23% is a percent of the total price, this is purposeful misprepresentation of the fairtax. These issues are addressed in Fair Tax answering the criticsFair Tax answering the critics .

People like to misrepresent this because it takes so much power away from the Federal government to control us through taxation. Also it eliminates the IRS.
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  #12 (permalink)  
Old 07-24-2008, 04:34 PM
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Quote:
Originally Posted by Anikdote View Post
It also eliminates all corporate taxes and embedded tax in the production process lowering the costs of goods. Also the 23% only applies to new goods, not used.

The boost comes from you getting to keep 100% of your paycheck every week instead of handing over 25% at a time and then waiting a year from Uncle Sam to send you some of it back.
If you claimed deductions you wouldn't be waiting for Uncle Sam to send you any of YOUR money back, He'd be waiting for you to send it in.
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Old 07-24-2008, 04:35 PM
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Unfortunately we will probably never see it because the government already holds so much power that it does not want to get rid of anytime soon, if ever. You can be sure the more liberal people become with their views on government, the further away we will ever be from a tax that focuses on equity.
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Old 07-24-2008, 04:37 PM
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Then there's my solution and that would No taxes on your money.
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Old 07-24-2008, 05:14 PM
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Quote:
Originally Posted by Guy Fawkes View Post
If you claimed deductions you wouldn't be waiting for Uncle Sam to send you any of YOUR money back, He'd be waiting for you to send it in.
I'm afraid of not paying enough and having to shell out money come April.
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Old 07-24-2008, 05:18 PM
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It seems to me that the fair tax is not fair at all though. It seems to be a regressive tax. This means that a homeless man is paying the same taxes as Bill Gates. The only defense for it that I can think of would be that Bill Gates would be spending more, and thus pay more taxes. But in a Keynsian economy, the poor would get wrecked.
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Old 07-24-2008, 05:21 PM
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Must we have a NEW string every week on this?

why can't the Mods recognize and combine?

BTW, the Fair Tax is a Ridiculous, Regressive, and Idiotic Proposal whose real rate will have to be over 50%
(as most people understand sales tax) as scored by several Independent sources.
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Old 07-24-2008, 05:35 PM
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Quote:
Originally Posted by Anikdote View Post
I'm afraid of not paying enough and having to shell out money come April.
"If the People are only good because we fear punishment, and hope for reward, then we are a sorry lot indeed."
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Old 07-24-2008, 05:37 PM
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Quote:
Originally Posted by hendrixpujols11 View Post
It seems to me that the fair tax is not fair at all though. It seems to be a regressive tax.
How can a consumption tax be regressive? Are you saying the poor consume more?
Quote:
This means that a homeless man is paying the same taxes as Bill Gates. The only defense for it that I can think of would be that Bill Gates would be spending more, and thus pay more taxes.
You asked a question and then answered, you start a thread and then then flame your own topic, which is likely why you started it to begin with. Good day sir.
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Old 07-24-2008, 05:37 PM
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The sad part is how you've been brainwashed into thinking that you need everything that the government provides. You'd be surprised as to how much of it you don't need or could do without.
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