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Save America with the ‘Fair Tax Act’
The Courier ^ | August 31,2006 | Gordon Bishop

Posted on 09/03/2006 5:18:40 AM PDT by Man50D

Abolish the federal income tax!

No more taxes on savings and investments!

A "Fair Tax" can completely fund the federal government, Social Security and Medicare!

You control how much you spend!

So what are we waiting for?

You, the taxpayers of America burdened with an income tax that is costly, wasteful and sinking America into inevitable bankruptcy. All current forms of federal taxation would end! You would keep 100 percent of your paycheck. You control how you spend your paycheck. It's your money. You make the decisions as to how you want to spend your money.

The Fair Tax would create more jobs and give the USA a level playing field when selling overseas. United States Senator John Linder (R-Georgia) is sponsoring the "Fair Tax Act of 2005." If enacted by Congress, it would accomplish all of the above. Simple. Easy. And affordable.

It's the best way to downsize government without disrupting the economy.

To join the "Fair Tax" movement in America, just sign the "Economic Freedom & Fairness" Petition supporting forward-thinking solutions. Go to www.grassfire.net and liberate the working class of taxpayers. Grassfire is trying to give the working class the same kind of freedom America's founders gave to those who joined the American Revolution in 1776 with the "Declaration of Independence." We won the Revolutionary War, but have lost our country since the 16th Amendment (income tax) became "Law" in 1913.

(Excerpt) Read more at bayshorenews.com ...


TOPICS:
KEYWORDS: dontdrinkthekoolaid; fraudtax; redherring; scam
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To: lewislynn
It didn't go on for a week and it was a hasty mistake.

LOL. Hasty mistakes are made by everyone and quickly corrected. That's not what it was. It was a mistake you refused to even look at as you based an entire arguement on it - and it went for more than a few days. Obviously, the argument is made up. Which is why so many wonder why you don't tell us the real reason you oppose reform.

261 posted on 09/03/2006 5:53:24 PM PDT by Principled
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To: Principled
The rest of your post is wrong because you make the false ASSUMPTION that 23% inclusive will be enough to fully find the government at today's level.

You agree that the FairTax will cause higher prices and that these will be ok because the purchasing power is what matters. Wage earners will receive a pay increase with their 100% paychecks to compensate for the higher prices. These prices will rise about 18-20% after the price cut and then the tax addition-- the full 30% for foreign items.

Stick with me here for just one more minute. The government will also need a "raise" to pay the higher prices, and it will take the form of additional revenue that needs to be raised. That additional revenue can ONLY be raised by increasing the FairTax rate, there is no other source to raise it. So, the 23% rate when multiplied by 1.18 is now 27.1% inclusive, which is 37.2% exclusive.

And that assumes no reduction in the base. If we assume just the very minimum that the base reduces 8% due to reduction in shelf prices-- ie. no reduction in unit volume of sales, just an 8% lower price for everything, then we need to divide the 27.1% by 0.92 to get a new inclusive rate of 29.5%, which is 41.8% exclusive. And this assumes ZERO evasion, and the same exact level of unit sales as now.

262 posted on 09/03/2006 5:56:54 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: Principled
nobody pays the marginal rate. I will pay 17%.

When you buy the $460k house ($500k now) you will pay the full FairTax rate and you will have to borrow enough money to pay for the house and the FairTax together. Since for most people the purchase of a house is more than their annual income by a bit, so your comments about 17% effective FairTax are even more bogus than they normally are.

With a 41.8% FairTax rate, the $460k home will be $649.5k

263 posted on 09/03/2006 6:03:51 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: RobFromGa
The rest of your post is wrong because you make the false ASSUMPTION that 23% inclusive will be enough to fully find the government at today's level.

Sorry again Rob. I make no such assumption. It's just that 23% is in the bill. That's why I use it. I don't really care what it ends up being as long as it's revenue neutral.

If you can show the rate is wrong (not quote Gale), have at it. I'm sure it would bring you fame and notoriety. Go for it.

If you use Gale's work without understanding his moves, you're being set up like a bowling pin.

The FEDERAL government will not need to raise taxes. They pay themselves.

I think I'll leave it to the PhDs in Economics and LLMs in taxation to help me with my calculations. That means your numbers are worthless Rob. Live with it.

Have fun with navyguy. Don't leave any marks!

264 posted on 09/03/2006 6:06:14 PM PDT by Principled
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To: xcamel

Thanks.


265 posted on 09/03/2006 6:06:26 PM PDT by Zon (Honesty outlives the lie, spin and deception -- It always has -- It always will.)
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To: Zon

The Roscoe account is closed and has been for years. So much for your word.


266 posted on 09/03/2006 6:06:28 PM PDT by Mojave
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To: RobFromGa
funny how the US leads the world in purchasing power across all three major sources - yet in the fairtaxers world we're standing on the brink of "1929"

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)

Of course, being unable to separate tax law from law enforcement might be a major handicap for them too.

267 posted on 09/03/2006 6:07:14 PM PDT by xcamel (Press to Test, Release to Detonate)
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To: Principled
It's just that 23% is in the bill.

The 23% would be about right if all wage earners were going to take pay cuts to current takehome levels, and prices stay the same. Did you notice they haven't changed it since that major change came about?

It was 23% when all prices were going to be about the same with the FairTax included, and it is still 23% now when prices paid by government is going to pay about 20% more for everything.

Doesn't that seem odd that the government paying 20% more for everything didn't cause even a small increase in teh FairTax rate? Doesn't that seem impossible?

268 posted on 09/03/2006 6:11:19 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: RobFromGa
Uhm, the number of people who pay cash for homes is negligible. Under the income tax, to make a $1000 house payment, I'd need to earn $1333.

Under the nrst, I'd need at MOST $1200.

My nrst effective rate is likely to be lower than 17%. I assume in that calculation that I spend 100% of my earnings on taxables. I don't.

269 posted on 09/03/2006 6:11:56 PM PDT by Principled
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To: Mojave

He's a FairTaxer- they don't think that rules apply to them.


270 posted on 09/03/2006 6:12:05 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: RobFromGa

Squirming comes naturally to NRSTers.


271 posted on 09/03/2006 6:13:13 PM PDT by Mojave
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To: Principled

In the year when you buy a house, you spend much more than your annual income, whether you pay cash or not is totally irrelevant. The tax is paid on the pre-tax price of the house on the day of closing, and you finance it.


272 posted on 09/03/2006 6:13:31 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: RobFromGa
It was 23% when all prices were going to be about the same with the FairTax included...OR take home would increase and tax inclusive prices will rise.

DId you forget that half... again?

I'll say it again, I don't care what the rate is as long as it's rev nuetral.

The federal government doesn't need any more money to pay tax on its purchases. It pays itself the tax.

nytol. picnic tomorrow with hundreds of screaming kids...

273 posted on 09/03/2006 6:15:18 PM PDT by Principled
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To: RobFromGa
In the year when you buy a house, you spend much more than your annual income

Given the difficulty buyers will have financing a new home purchase for 130% (or more) of the home's resale value, that situation won't occur very often.

274 posted on 09/03/2006 6:17:20 PM PDT by Mojave
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To: RobFromGa

This system loses with me.

I don't want to hear about it being flexed, adapted, improved, simplied, or amplified.

I want to hear that it's dead. Stone cold dead.

And then I'll break out into song.

Our tax system is an abomination.





275 posted on 09/03/2006 6:17:35 PM PDT by xzins (Retired Army Chaplain and proud of it! Supporting our troops means praying for them to WIN!)
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To: Mojave

The Roscoe account is closed and has been for years.

That's irrelevant. Roscoe is still registered, else wise it would be terminated and read "Nobody by that name." when Roscoe is entered in the search screen name box.. Our agreement is:

Zon: If I can prove that you have two screen names, you never again post to FreeRepublic under any screen name? If I can't prove it I leave. 222 

Mojave: Agreed. 228

You registered the Roscoe account and are responsible for it and it's still there. I proved you have two screen names. As per our agreement you must never again post to FreeRepublic under any screen name.

You're still posting to FR and thus are in violation of our agreement.

276 posted on 09/03/2006 6:17:35 PM PDT by Zon (Honesty outlives the lie, spin and deception -- It always has -- It always will.)
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To: RobFromGa

If the rate (whatever it ends up) is revenue neutral combined with the fact that the consumption base is nearly twice as big as taxable income.... my purchasing power will increase. It has to. Ask YN. night...


277 posted on 09/03/2006 6:18:27 PM PDT by Principled
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To: Principled
OR take home would increase and tax inclusive prices will rise. DId you forget that half... again?

No, that was not one of the possible assumptions used to come up with the 23% rate.

The federal government doesn't need any more money to pay tax on its purchases. It pays itself the tax.

This is totally false, the government does need to raise the revenue, if it didn't then we could just have the tax on government purchases be 300% and have no tax on any other transactions. Your logic is totally wrong on this point.

nytol. picnic tomorrow with hundreds of screaming kids... Just tell them stories about the FairTax fairy and they'll calm right down. Especially the part about the free candy for all the children, and More Christmas for all.

278 posted on 09/03/2006 6:20:11 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: Zon
Roscoe is still registered, else wise it would be terminated and read "Nobody by that name."

False. Ask the mods.

279 posted on 09/03/2006 6:21:14 PM PDT by Mojave
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To: Mojave; Principled

You need to read a little more closely.

There was no "federal government" in my post. There was no "usurp" in my post.

There was mention of a "one tax" system.

Hillary's best friends are the sheeple who continue to go along with this liberal claptrap that is our current tax system. It's carrots and sticks are big brother's best friend.

Think, man....think!


280 posted on 09/03/2006 6:21:16 PM PDT by xzins (Retired Army Chaplain and proud of it! Supporting our troops means praying for them to WIN!)
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