To: Man50D
quote "Congress could raise the poverty level but that would only give back more money and reduce the tax base. I doubt the Democrats would support that idea"
you keep assuming the tax rate would remain the same.
what the democrats would do is raise the supposed poverty level which would shift the tax burden to the rich and then raise the rate to make up for the shortfall.
Your right that the dems would never accept less money, I didn't mean to imply that they would.
They will just keep raising the supposed poverty level and the rate until 90% of the population is considered living in poverty and the remaining 10% pay a 200% tax on every purchase.
To: Texas_Conservative2
They will just keep raising the supposed poverty level and the rate until 90% of the population is considered living in poverty and the remaining 10% pay a 200% tax on every purchase.
No. This would not happen under the Fair Tax. The dems would be sending back their working capital. Raising the poverty level would just send more money back to more people. Raising the tax rate is still a possibility, but that would piss off the poor as well. Basically, this system taxes most people to some extent. Some will get off free.
Read
http://www.fairtax.org
31 posted on
08/02/2005 1:08:55 PM PDT by
Eagle of Liberty
(Card-Carrying Member of the BFEE)
To: Texas_Conservative2
you keep assuming the tax rate would remain the same. what the democrats would do is raise the supposed poverty level which would shift the tax burden to the rich and then raise the rate to make up for the shortfall. Your right that the dems would never accept less money, I didn't mean to imply that they would. They will just keep raising the supposed poverty level and the rate until 90% of the population is considered living in poverty and the remaining 10% pay a 200% tax on every purchase.
Congress raising the poverty level would adversely effect any tax system. Assuming Congress raised the poverty to the level you state would make living in the U.S. cost prohibitive and would send the country into a depression. No minority that small could support such a large majority.The 10% you refer to would either end up belonging to the other 90% or leave the country.
Your above scenario is not reasonable. We can only base our decisions based on facts and not wild assumptions. The bottom line is do you want to collect 100% of your paycheck and have the choice as to how much and when you pay taxes or do you still want to have the government take your money before you have it?
32 posted on
08/02/2005 1:25:35 PM PDT by
Man50D
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