Posted on 08/26/2015 6:47:59 AM PDT by HomerBohn
A national sales tax would be the fairest and most beneficial way of taxing and to drastically reduce the size of the central socialist government.
It is impossible for politicians to raise taxes without everyone knowing and politician fearing an angry mob.
This might be a good time for the GOPers to “pick and chose” a “battle” to fight. Time to get off your butts boys!
> “A national sales tax would be the fairest and most beneficial way of taxing and to drastically reduce the size of the central socialist government.”
Your argument is fatally flawed. You are missing one word that changes the entire meaning and argument:
The word is ...... “RETAIL”
You really need to think before you post.
Here’s your sentence revised so that it doesn’t lead America down the road to Hell:
“A national RETAIL sales tax would be the fairest and most beneficial way of taxing and to drastically reduce the size of the central socialist government.”
And here is the link to the text of the legislation that refers to the National Retail Sales Tax (NRST):
http://www.gpo.gov/fdsys/pkg/BILLS-113hr25ih/pdf/BILLS-113hr25ih.pdf
The problem with a consumption tax is not that it isn’t superior to an income or wealth tax. The problem is that the current US obsession with “fairness” would likely result in the addition of a consumption tax to the existing income tax, rather than a replacement of the income tax.
If spending isn’t cut, fighting over the most efficient effort of collection is like shuffling deck chairs on the Titanic.
The VAT is the way the European countries pay for all that Socialism.....and it doesn’t cover it. When I lived in Britain, the VAT was 15%.......on goods, but not food and clothing. It is now 20%. How do you think Americans will feel about every other thing they buy having another 20% tax assessed??
I’d favor a national sales tax if it meant the repealing of most other taxes (income, capital gains etc..).
Sorry, can’t read that long of post this early. What is wrong with a VAT or national sales tax IF it were to replace our income tax? That or a flat tax would be an improvement over our current system.
I fully support a consumption tax BUT only along with the elimination of the federal income tax. Huckabee spelled it out very nicely at the 1st debate only to have that bimbo Kelly make a comment that the debate was getting “X rated.” Trump is absolutely right in calling her a bimbo.
We all know that this would never happen unless Trump is elected and the present congressional leadership is removed.
You have fallen for a common miss representation of the sales tax. There is NOTHING that will limit the size or spending of the government in the national sales tax.
I think introducing a National Sales Tax is a GREAT IDEA ... a VAT... NO... VATS are hidden and can be manipulated - increased without public being fully aware...
A National Sales Tax introduced incrementally dovetailed with the Income Tax being reduced in a like fashion ... to where the National Sales Tax over 5 years replaces the income tax...
But so many would rather be a slave to income taxes than to venture into something news ... wienie public...
The method of tax collection is not the problem as the amount of taxes collected will remain roughly the same. The real problem is spending and Congress’s ability to have unlimited borrowing.
This is why I think that Cruz should drop out, endorse Trump and challenge/unseat McConnell in the Senate. He’d accomplish much more their. Trump can then appoint him to the Supreme Court before leaving office.
A value added tax is regressive. A retail sales tax is good so long as it REPLACES the current income tax. Ain’t gonna happen under this regime.
They say they want a national sales tax to replace the income tax, but that would not last. It would be in addition to the income tax.
Exactly!
CT is a perfect case in point.
It has a sales tax that was continually renewed beyond original sunset promise.
Then a state income tax was invoked in the early 90’s, with the promise that the sales tax would be significantly lowered, and all budget woes would forever be gone.
Reality - sales tax on Everything, including out of state purchases (literally called a Use Tax). Even tag sales on used items are supposed to collect a tax to remit to the state.
A National VAT tax will fix nothing, just as the case in europe.
Some wonder if it’s implementation will eventually become an electronic tool of big brother, ie: “no man shall buy or sell, without the mark of the beast”.
Tariffs are the way to go. The founders knew what they were doing. The plus side to tariffs are that they are voluntary and they also promote domestic industry.
Paging The Donald or any of his staff lurking here...how about it? Interesting concept.
“The problem is that the current US obsession with “fairness” would likely result in the addition of a consumption tax to the existing income tax, rather than a replacement of the income tax”.
You have stated what many overlook. Any new tax needs a corresponding elimination and replacement of a previous method of taxation. Hince, tea, taxed enough already.
The two items mentioned in the article quoted below also deserve comment:
We have never had a national sales tax or value added tax in this Country. Why? Because they are not authorized by the Constitution.
We were manipulated into supporting the 16th Amendment. We were told the income tax would “soak the rich” – and the envious drooled at the prospect.
First one is obvious as states generally charge the retail sales tax.
The soak the rich aspects of the Federal Income Tax are now laughable if not truly sad. It depends on the definition of “rich” and that has been downgraded to include the middle class, and no tax for anyone else, and thus the economic destruction of what made this country great.
The word is ...... “RETAIL”That's a little snarky for someone who didn't read or think before posting. I'm more than just a little familiar with the FairtaxYou really need to think before you post.
The word "retail" is not in the legislative language in the link you posted.
The reason? Because the tax is imposed on the gross payment (including itself) and it taxes virtually everything including, in some cases, (gross)self-employment income, wages and interest (AKA income).
It also allows SS bureaucrats to "determine" the rate every year with out a vote or a signature.
On day one of the tax your assets would lose the face value of whatever the tax rate is. In the case of your Fairtax it would be a 23% loss on day one.
Any after tax investments held now would be taxed again (23%) when you spend it.
The socialists will likely follow Europe and impose a VAT in addition to the income tax. Once interest rates rise then the interest on the debt will explode and they will need even more money
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.