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The Fair Tax (And Why I Support It)
The Band Of Patriots ^ | 8/17/11 | Bryan Thomas

Posted on 08/18/2011 11:21:36 AM PDT by bthockey

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1 posted on 08/18/2011 11:21:41 AM PDT by bthockey
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To: bthockey
if you think for one minute that congress is gonna enact this sales tax and abolish the income tax, you are sadly naive. a flat tax that includes all Americans is more fair, less complicated, and cheaper than this monstrosity.
2 posted on 08/18/2011 11:25:33 AM PDT by camle (keep an open mind and someone will fill it full of something for you)
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To: bthockey
Even though that might not sound too pleasing, what makes the fair tax so great is that it abolishes all other federal taxes.

Except for the ones that it doesn't and the ones that they add later.

3 posted on 08/18/2011 11:27:31 AM PDT by E. Pluribus Unum ("Profit" is a measure of how efficiently an entity utilizes the raw materials at its command.)
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To: bthockey

Adding on the state and local sales taxes would make the effective sales tax somewhere between 30 and 40 percent.

There would be huge tax evasion, bartering, underground sales, etc.


4 posted on 08/18/2011 11:29:16 AM PDT by iowamark
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To: E. Pluribus Unum

what congress will do is exactly what CT did - they found a new pocket to pick (in this case income tax) promised to lower teh sales tax in exchange, but both are higher than ever.
this is merely another pocket to pick. they’re not gonna abolish the income tax, anymore than they’re gonna cut spending.


5 posted on 08/18/2011 11:29:37 AM PDT by camle (keep an open mind and someone will fill it full of something for you)
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To: bthockey

Nice Theory. It will never happen - the tax industry, and the 47% of the population that doesn’t pay taxes will ensure it is DOA.

My personal objection to it is that the voters of this country aren’t smart enough to repeal the 16th Amendment. Otherwise, we will see a sales tax on top of income tax.


6 posted on 08/18/2011 11:31:16 AM PDT by Pecos (Constitutionalist. Liberty and Honor will not die on my watch.)
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To: camle

And if you that Congress will keep the flat tax and make everyone pay the same rate, you are naive. We both know that in the very bill that creates the flat tax there will be goodies for various companies so that they either don’t have to pay it or they will pay a reduced rate. And every year it will get worse and then they will start changing the rates to make it more “fair”.

No, the fair tax will not go into effect until the 16th Amendment is repealed.


7 posted on 08/18/2011 11:31:38 AM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: bthockey

Much better, but far from perfect.

I’m not sure what one’s consumption level has to do with his requirment for supporting government overhead.

Still, a big positive step away from the tangled, politically-loaded, corrupt mess we are saddled with currently.


8 posted on 08/18/2011 11:31:47 AM PDT by EyeGuy (2012: When the Levee Breaks)
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To: bthockey
In the 19th Century, US went from a largely subsistence agricultural economy to a manufacturing powerhouse.

Our government back then lived off excise taxes and imposts.

Prosperity will not return as long as an unrestrained income tax exists.

9 posted on 08/18/2011 11:33:55 AM PDT by Jacquerie
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To: bthockey
There is another FAR more compelling reason to support the FairTax!

F R E E D O M ! ! !

The communist inspired, class warfare inducing, income tax is unworthy of a people that would call themselves free!

10 posted on 08/18/2011 11:36:25 AM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: camle

This is why the Fair Tax must be a Constitutional Amendment, not just a law. Any real tax reform bill which doesn’t begin with the section “The Sixteenth Amendment to the Constitution of the United States is hereby repealed” is a non-starter.


11 posted on 08/18/2011 11:37:55 AM PDT by AustinBill (consequence is what makes our choices real)
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To: camle

The states gave up their power to appoint senators, white men shared the vote with women, white society eliminated black slavery.

While I would not bet on it, don’t count the FT out.


12 posted on 08/18/2011 11:39:44 AM PDT by Jacquerie
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To: bthockey

Herman Cain has taken a stand. Every Republican Presidential candidate should be required to present his/her policy on tax reform. Anyone who will not pursue a radical change, destroying the IRS and ending use of the tax code to redistribute wealth and coerce citizens, should be eliminated from contention.


13 posted on 08/18/2011 11:41:38 AM PDT by hellbender
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To: bthockey
These points miss the single greatest benefit of the fair tax. Under our current system approxomately 20% of the final sale product of a good or service is the embedded tax burden of the people and businesses that produced it. However, when a product is imported and sold, that 20% goes back to the originating country. Foreign suppliers have a built in 20% price advantage over domestic suppliers. Under the Fair tax, that 20% would be captured at sale and retained in the US.

The US trade balance is roughly $600 Billion per year. The Fair tax would increase tax revenue to the US treasurey by over $100 Billion without increasing the US citizens tax bill one cent.

14 posted on 08/18/2011 11:43:53 AM PDT by CMAC51
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To: camle

if you think for one minute that congress is gonna enact this sales tax and abolish the income tax, you are sadly naive. a flat tax that includes all Americans is more fair, less complicated, and cheaper than this monstrosity.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

What you said. And besides. It would require poor people to finally own up to and pay their fair share of the burden that is currently left to “rich white folks”.

And we all know Obama-trons would NEVER support that idea.


15 posted on 08/18/2011 11:45:40 AM PDT by Responsibility2nd (The views and opinions expressed in this post are true and correct. Deal with it.)
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To: iowamark

You got a problem with that?


16 posted on 08/18/2011 11:47:13 AM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: iowamark
Adding on the state and local sales taxes would make the effective sales tax somewhere between 30 and 40 percent. There would be huge tax evasion, bartering, underground sales, etc.

Both statements are patently false and indicate a complete lack of knowledge of the subject!

17 posted on 08/18/2011 11:53:34 AM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: bthockey

So, you think a 28% sales tax is OK? You think it’s going to do away with our income tax and other taxes we pay to the Federal Government?

I think you have been lead astray by the “smoke and mirrors” placed before you. Stop and think...how about the horrendous Socical Security tax at 8.4% and the medicare tax of 2.9% too? You have to remember that the employers matches the tax on your behalf and the system is designed so that you have no idea that they are. I know, I’m an employer. So if you hear the lie that your Social Security tax is only 4.2% and your medicare is only 1.45%, you have been fooled. It is a full 12.6% based upon your GROSS UNADJUSTED EARNED INCOME!

Now add the wonderful 28% sales tax to the even more ominous and wonderful Social Security taxes and you have a tax rate of 40.6% of your income. THAT’S JUST WONDERFUL! A note to employees: The money your employers hides from you to pay the Social Security taxes is YOURS! Not his! You simply don’t see it due to the “smoke and mirrors” placed before you by the politicians of past.

Until we develop a tax system in which EVERYONE (and I mean EVERYONE) pays the same rate of tax, regardless to income or financial situation...with NO EXEMPTIONS what-so-ever, AND do away with the Social Security taxes, we will never have a workable and fair tax system.

What they don’t want you to know is that a sales tax rate of an estimated 15% would be enough to pay all governmental costs if EVERYONE PAID THEIR TAX AT THE SAME RATE-———Everyone!


18 posted on 08/18/2011 12:02:28 PM PDT by DH ( Rick Perry 2012...Be proud to be an American once again!)
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To: Bigun

I agree and I also like how it smacks everyone in the face with the cost of government largesse with every purchase that they make! I can’t think of a more visible and immediate way to get people on board for reduction in government.


19 posted on 08/18/2011 12:04:35 PM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: camle

It punishes those who saved for their retirement by adding a new high sales tax to income taxes already paid on their savings.


20 posted on 08/18/2011 12:05:07 PM PDT by expatpat
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