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Fair Tax Book Debuts #1 NYT (Non-Fiction)
Neal Boortz ^
| August 14, 2005
| Neal Boortz
Posted on 08/11/2005 4:14:36 AM PDT by RobFromGa
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1
posted on
08/11/2005 4:14:36 AM PDT
by
RobFromGa
To: RobFromGa
2
posted on
08/11/2005 4:17:28 AM PDT
by
Echo Talon
(http://echotalon.blogspot.com)
To: RobFromGa
Well the chior has bought up the snake oil. The biggest problem with the book is it should in the fiction category.
To: Echo Talon
I'm not a Fair Tax proponent, but I read Boortz blog every day and this was on there.
I think the best bet at this point is making permanent the present reductions in the tax rates, further rate cuts, elimination of all corporate taxes, further capital gains cuts, elimination of death taxes, and the total privatization of Social Security. And most important reduced government spending.
4
posted on
08/11/2005 4:21:06 AM PDT
by
RobFromGa
(This tagline is on August recess...)
To: RobFromGa
I like the Forbes flat tax. Makes sense. National Sales Tax has a risk of making a strong black market for goods. Flat tax would be better.
5
posted on
08/11/2005 4:25:18 AM PDT
by
Echo Talon
(http://echotalon.blogspot.com)
To: Echo Talon
If we get the flat tax it goes something like this -
Flat tax 17% + FICA 7.65 = 24.65% (32.3% for self-employed)
It taxes corporations at the same rate who then pass the 24.65% onto the consumer in hidden taxes. So we dumb consumer will be paying close to 50% which is a tax increase.
Also, we are supposed to submit our tax return on a postcard with our name, social security number, and income. Now, I don't know about you but I don't want my SS# and income on public display.
The Fair tax is a one-time tax at the cash register. No tax return. No IRS.
Need I say more.
6
posted on
08/11/2005 4:31:54 AM PDT
by
mombrown1
To: RobFromGa
Way to go Neal THANK YOU !!!!
7
posted on
08/11/2005 4:32:24 AM PDT
by
Sounder
To: mombrown1
Need I say more. yea you need to read Steve Forbes Book
8
posted on
08/11/2005 4:40:59 AM PDT
by
Echo Talon
(http://echotalon.blogspot.com)
To: mombrown1
The Fair tax is a one-time tax at the cash register. Yea and the raw materials bought by the "corporations" for their product are taxed and passed on to the stupid consumers who pay for the tax again at the cash register.
9
posted on
08/11/2005 4:44:26 AM PDT
by
Echo Talon
(http://echotalon.blogspot.com)
To: RobFromGa
The FairTax has so much to commend it... but two things stand out - it will enable all Americans to pay a single tax rate ONCE. And it will enhance America's attractiveness to foreign investors by showcasing America as a low tax haven in which to do business. That means new jobs, goods ans services for Americans. And lower prices on everything they buy. And it will increase our low rate of savings since the FairTax is a tax on consumption, not on income. People can make huge incomes if they want and realize the American Dream for the first time. They're taxed ONLY if they spend their money. With some hard work, its fair to say the income tax is destined to be
histoire. And Neal Boortz and John Lindner have drawn the public a map in their new book on how to get there.
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
10
posted on
08/11/2005 4:49:30 AM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: mombrown1
Yes, exactly. How does giving yourself a 25% tax cut sound? And there's more - you can give yourself a tax cut whenever you want by just changing your spending patterns. It puts YOU in control of how your dollars are spent, not that of politicians in far-off capitols.
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
11
posted on
08/11/2005 4:52:02 AM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: Echo Talon
No, they're not. Corporate and individual income taxes, Social Security, Medicare - all that's gone. Everything is taxed ONCE. The FairTax has nothing in common with the European VAT scheme where a tax is imposed on every stage of producing a good right down to the final sale at the cash register. In America, you will be taxed ONCE and that's it. That's how a fair tax system is supposed to work.
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
12
posted on
08/11/2005 4:55:58 AM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: goldstategop
its "sounds" good, only pay tax once... but you are actually paying the Fair tax twice! Your goods will already have a tax built into the price, because the company had to pay the tax for their "materials" i.e. steel, paper, ink or whatever... then you will pay the tax again when you buy it. The fair tax will increase crime and black market. Robberies and black markets would increase. Trains sitting on tracks unattended carrying, TV's, radios, dishwasher, and refrigerators. would be subject to looters for sale on the black markets. Flat Tax is the best idea I have seen.
13
posted on
08/11/2005 4:58:02 AM PDT
by
Echo Talon
(http://echotalon.blogspot.com)
To: Echo Talon
Yea and the raw materials bought by the "corporations" for their product are taxed and passed on to the stupid consumers who pay for the tax again at the cash register You're confusing an NRST with a VAT. An NRST is a retail sales tax, it would not be levied on business-to-business purchases.
14
posted on
08/11/2005 4:59:05 AM PDT
by
kevkrom
(WARNING: If you're not sure whether or not it's sarcasm, it probably is.)
To: kevkrom
You're confusing an NRST with a VAT. An NRST is a retail sales tax, it would not be levied on business-to-business purchases. What about the crime it would cause? Looting, robberies and underground economy?
15
posted on
08/11/2005 5:01:18 AM PDT
by
Echo Talon
(http://echotalon.blogspot.com)
To: Echo Talon
Yea and the raw materials bought by the "corporations" for their product are taxed and passed on to the stupid consumers who pay for the tax again at the cash register.
With the Fair Tax, nothing is taxed until there is a retail sale. So, raw materials would not be taxed. Only the end product purchased at retail would be taxed.
You must not have read anything on the Fair Tax if you do not know this keystone of the whole idea.
16
posted on
08/11/2005 5:02:04 AM PDT
by
Gvl_M3
To: Echo Talon
What about the crime it would cause? Looting, robberies and underground economy? There is no such thing as a tax system that doesn't have people avoiding it. Using "black market" or "avoidance" as a reason to opoose a particular mechanism doesn't wash, because the same criticisms can be levied against any other system you compare it to.
17
posted on
08/11/2005 5:03:36 AM PDT
by
kevkrom
(WARNING: If you're not sure whether or not it's sarcasm, it probably is.)
To: Gvl_M3
I haven't read fair tax. Just can see problems with black markets and looting.
Think the mafia is bad now.... sheesh.
18
posted on
08/11/2005 5:03:46 AM PDT
by
Echo Talon
(http://echotalon.blogspot.com)
To: kevkrom
flat tax. people aren't getting hammered by going to the store to purchase their items. No need for the black market.
19
posted on
08/11/2005 5:05:11 AM PDT
by
Echo Talon
(http://echotalon.blogspot.com)
To: Echo Talon
flat tax. people aren't getting hammered by going to the store to purchase their items. No need for the black market. Absolutely incorrect. People are "getting hammered by going to the store to purchase their items" under the flat tax (just like the present income tax), they're just not seeing it because the taxes are hidden.
And if you don't think there's a labor "black market" to avoid income and payroll taxes, then you're really fooling yourself.
20
posted on
08/11/2005 5:08:48 AM PDT
by
kevkrom
(WARNING: If you're not sure whether or not it's sarcasm, it probably is.)
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