Posted on 12/18/2005 4:46:00 PM PST by FairOpinion
Then it will never work. You will never pass a "fair tax" which taxes "milk, bread and baby-formula" at the same rate as a Rolls-Royce.
Every person with a SS # is eligible for a monthly prebate check for the amount of taxes paid up to the poverty level. You really should read the FairTax web site or Fair Tax FAQ's. And the bill itself, HR25.
Your scheme would also create an entire industry of "phony" corporations which would purchase consumption items "wholesale" to avoid paying the taxes.
You really should educate yourself by reading the suggested links that have been provided to you. Had you done so you would know that corporations are not taxed, only new goods and services sold for consumption (not material, manufacturing or production costs) only items sold for consumption. An item can be taxed once and only once.
Again, the arguments against VAT are not entirely economic, but they ARE based on how human beings will respond to such a scheme.
I'll say it again: the FairTax is not a VAT. The FairTax is a consumption tax.
Without regard to fair tax, flat tax or the current system, don't ever forget that how taxes are collected and how much is collected are two totally different issues.
The feds will get their pound of flesh from us. We're merely arguing over what we want as a system to do this.
Trust me. The politicians will win.
Business doesn't pay tax. Individuals do. A tax on business is a hidden tax on individual consumers, individual workers, and individual investors - but it is definitely not a tax on business.
From your lips to God's ear.
Please! Abolish the IRS!
They would under my system.
A significantly large group of pols will see a flat tax like this as very regressive and oppose it. Another group will say they see it as unfair not to tax business (even though that simply hides the true cost of government in higher prices, lower wages, and reduced ROI.)
Flat tax no deductions, no withholding, no business tax - I'd say is better than what we have now. IMO the nrst is better than an income tax though.
You have FReepmail, L.
You can create all the "progressive" protections and rebates you wish (at the risk of overly-complicating what is supposed to be a simple system), but my objections stand.
Your plan would end up entailing exactly the sort of problems I raise. I've seen it at work and you haven't. Thanks.
I am guessing (correct me if I'm mistaken) that you mean that under your system, business would pay tax.
First, what is "your system"? Is it a current or proposed bill, or an idea you like?
2nd, how can any business pay tax? I assert that business ends up increasing prices, lowering wages, or reducing ROI in order to have enough cash to pay expenses - all expenses - including taxes and tax costs.
Further I assert that all costs incurred by business end up in higher prices, lower wages, and reduced ROI. Hence the "tax on business" is actually a tax on an individual consumer, individual worker, or individual investor.
I also assert that the overwhelming majority of expenses are in prices. I can't see any other indefinite source of revenue with which business may pay expenses.
IMO, this makes business taxes insidious because they are hidden! Business taxes actually contribute to unbounded growth of government because they prevent us from seeing the real cost of government. JMHO.
I'm not going to wade through your entire web site simply to point out the fallicies in a national sales tax.
You have been wrong on several points. Your choice to remain ignorant is just that--your choice. BTW, Man50C has also given you links to specific pages that will educate you on your wrong points..
You being a newbie should not chose to remain ignorant, IMO.
I am not talking about many of the unemployed or homeless or people who are voluntarily alienated from society.
The social programs that exist will still be funded by the Fair Tax because it is revenue neutral. Consequently the amount of money for these programs will not be reduced by replacing our current tax code with the Fair Tax.
Where? I've lived all around the world and have not ever experienced an nrst. An income/vat combination yes - but no nrst alone. Where did you see it?
See 37. Just my way of doing it.
Business taxes actually contribute to unbounded growth of government because they prevent us from seeing the real cost of government. JMHO.
...at the expense of the economy.
It's a host-parasite "relationship".
Well, I oppose business taxes because they contribute to government and spending growth by hiding the true cost of government.
EWWWWWW!
I hope this shakes the tree in Washington!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.