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Posted on 09/07/2005 5:15:28 PM PDT by Man50D
NEW YORK (Money magazine) - If you don't care much for talk radio, or you don't live in the South, the name Neal Boortz might not ring a bell.
But pay attention: Around 4 million people nationwide catch his radio show. It's No. 1 in Boortz's home market of Atlanta and ranks first or second in numerous smaller cities in red states.
His 180-page polemic for radical tax reform, The FairTax Book, made its debut at No. 1 on the New York Times' bestseller list in August.
When Boortz came to Jacksonville for a book signing at a downtown hotel on a sticky, sweltering Thursday night last month, close to 1,000 people turned out for a chance to meet him -- and to bask in his rage at the Internal Revenue Service.
"How many of you want the federal government out of your paycheck?" asks Boortz from the hotel's ballroom stage. Wooo-hooo! roars the crowd. Boortz's wife Donna, standing at the back of the room, looks on in amazement.
"This is for taxes," she says. "This is not sex and violence we're talking about."
No kidding. Everybody likes a tax cut, but fundamental tax reform is one of those issues that's generally as boring as it is important. Who wants to waste an evening thinking about marginal rates? But the plan Boortz is selling is disarmingly simple: Just eliminate most federal taxes -- income tax, Social Security tax, corporate tax, what's left of the estate tax -- and replace them with a big, fat national sales tax.
(Excerpt) Read more at money.cnn.com ...
I suppose you believe the price of gasoline is going to drop back to $2 as soon as the pipeline is back online?
Do you think the government will go 24 years without collecting taxes while they wait for your used car to breakdown?
ROTFL....the level of denial of fair taxers never ceases to amaze me.
I pressed the point with Boortz and Linder. Boortz denies that the book intentionally overpromises. The introduction, he notes, emphasizes that "this book isn't about saving a penny in taxes." But he concedes that the book is confusing about this, and vows to correct it in later printings. Fair enough.
Uhm...there's a LOT more things that Americans buy than just cars.
Thank you for bringing a bit of logical reasoning into the discussion.
Thanks. You just outed yourself as uninformed and closed minded. You've also outed yourself as favoring Communist Manifesto Pillars (income tax), big government, favoring that the government "let the people keep" some of their income (by intercepting "their share" before the income earners receive it) and lover of the IRS Overlords.
In other words, not conservative.
Do you realize I am not saying that? I realize what that 22% is more than anyone in this forum, see my post 72.
Have you read Jorgensons work?
I have read the testimony he submitted to Congress on this subject. AFFT owns the study and does not make it available. I would gladly read it as it would confirm again everything I said.
But, since you asked, gas prices in my area of the country (south metro Kansas City) have dropped from a high of $3.29 to $2.96 in mere days.
Market forces. Too bad you don't believe in -- or trust -- the market.
Again, thanks for outing yourself as a non-conservative.
You have not read the fair tax book,... The Fair Tax is THE ONLY plan out there that completely untaxes the poor. The big secret: it untaxes them but disallows their vote. The 50% of the citizenry that now can vote itself largesse from the treasury will no longer be able to do that.LOL...Yea it's a big secret alright 50% of the citizenry are poor and vote themselves more money. (maybe just in groanup's neighborhood). If you're poor the Fairtax will "disallow" your vote if they "untax" you, and don't confuse "untax" in the form of a government check every month with government largesse either...LOL!
Of course the only way you could know any of that is to read "the book". All but "the big secrets" are in it and there are some big secrets they don't want you to know about too...disallowing votes is just one of many.
When I pay 8.25 % in sales tax on a 100.00 item the tax in 8.25.
What is the fairtax due on a 100.00 purchase?
If an hourly worker is working for $10 an hour and the Fair Tax passes do you really think a boss is going to walk up to a worker and say "Hey, the Fair Tax passed, I'm only going to pay you $7.50 and hourFrom annelizly in post 32
I could see the employer who normal hires someone for 10$ an hour cutting his pay scale for any new hires to 7.50$. I think this could be a problem. I think that most places will pay the least they have to and if there are people willing to work for 7.50 then they won't pay 10$.From konaice in post 41
Stop it with the $7.50 nonsense. Its bogus.From Nucl in post 70
My employer wouldn't do that. I would receive all taxes not withheld in my take home pay.Using the $10.00/$7.50 example used by so many: Right now you make $10.00/hr. If you would work 10 hours and had to pay 1/4 of that in taxes you get $75.00(take home pay). Under a NST, if your hourly wage was reduced to $7.50 you still would get $75.00(take home pay) for 10 hours of work. Your hourly rate goes down but you still receive the same amount of money for the same amount of work.You are not getting a pay raise or a pay cut. You keep 100% of your paycheck with no withholdings. No free money and no smaller paycheck. That sounds OK to me.
ancient geezer got it right in post post 64
What was wrong was how this was presented by Boortz and the FairTax supporters. They took the assumption that take-home pay would increase (from Assumption 1) and paired it with the assumption that consumer prices will stay the same (from Assumption 2). They mixed the best of both worlds and came up with a windfall, that take-home pay would increase while consumer prices stayed the same, that could not possibly happen. Much of the proported benefits of the FairTax come from this erroneous assumption made by Boortz and the FairTax supporters
Your argument makes no sense.
But even if it did you'd still be wrong.
Lets take Always Right's assertion that wages everywhere would drop (inspite of the fact that there's not a shred of evidence to this), and lets work with that....
What would be the net effect in your scenario:?
Everybody would make less?
Prices would fall - But be offset by the NRST, so goods cost the same?
But people have less money?
So they buy less with their lower wages?
Companies would sell less and lay everybody off?
The government would go broke?
Our entire economic system would come to a halt?
Is that what you postulate?
So you are essentially saying our whole economy RELIES on our income tax system? Jeeze thats the dumbest thing I've ever heard. Several Democrats tried to tell me the same thing.
FairTax is revenue neutral. You won't pay any more than you are now, it will just be more visible. Government will collect the same amount. Big business is not going to get a windfall of profit, because somewhere a little business will do with just a little less profit and the whole system will come back into balance.
You run around making noise like you've found some big glaring error in the grand scheme when all it amounts to is a pimple on an elephant's butt. The writer grabbed a number out of the air and you run with it like it means something.
I emphatically disclaim the proposition that wages would fall - certainly not by 20%.
Here we go again.
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
I read an Eric Von Danikin book and for several weeks later couldn't understand why everyone else refused to believe the pyramids were built by alien astronauts.Sadly this has been going on for years and it seems like everyday ONE of them actually posts as fact his/her own idea of what would be...In this case it's the Fairtax "disallows votes" and 50% of the citizenry is poor AND they all vote themselves more money/largesse...
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
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