Posted on 09/03/2006 5:18:40 AM PDT by Man50D
Nice of you to be so concerned but of course you do the same thing also (but naturally wouldn't wish to criticize yourself, eh?).
Well known?
Got links?
Care to line up a few dozen freepers to to testify?
oh wait... it piggie blather again...
Nope that's not what happens. In fact that is prohibited in the bill.
So that Mojorons can make up lies and try to tell people untrue things to make themselves feel smartassed.
Actually you were just butting into a conversation from three days ago and not bothering to understand what was being discussed, but we'll keep it to ourselves...
Yep, the bill specifies that taxes will be collected on taxes. 23% of gross payments, and gross payments includes the taxes, so it's 23% of the purchase price + 23% of the taxes, and then 23% of the taxes on the taxes, and then 23% of the taxes on the taxes on the taxes, ... until it all adds up to 29.87% on the item itself.
Thanks for clarifying that the FairTax taxes the tax multiple times.
A popular tax - now that's just crazy. I can imagine how happy a shopper in Arkansas would be to see 41.5% in taxes added to his reciept.
No doubt you noted that the Tax Panel said their studies show middle-income Americans will pay 7 percent more in overall taxes, while those earning at least $200,000 a year will pay 7 percent less.
In fact here's how far out of whack the Tax Panel's report really was.
In fact with repeated numerical examples on these threads we've shown that almost all taxpayers in all quintiles benefit under the FairTax when compared with their burden under the income tax. Your attempt at trying to stir up class envy with the "fat cat" rhetoric shows how desperate all of you are becoming. The lower earning taxpayers benefit more, if anything, under the FairTax.
You're more than welcome to put up your own set of verifiable numbers using recognized sources to show that the income tax benefits more taxpayers that does the Fairtax ... step right up and do it.
SHOW US THE MONEY!!!
They simply turned tail and ran from the problem.
1) they cost the taxpayers much more than $20 Million (and AFFT got far more bang for its buck in the way of genuine economic studies) and
2) I didn't know the tax Panel was "going after labor unions" but that would figure since the Dems figure that's where their lib base resides and
3) You're the joke with your continual aspersions of falsification and wrongdoing on the part of any who supports the FairTax - in fact most now recognize you as the "aspersion artiste" and realize that almost anything you throw out is incorrect or misleading at best..
Linbeck: So we are devoting more of our time and attention to labor unions. I have personally met with a number of local labor unions as well as several of the international level labor unions and I have come to believe that, like the effort in general, moving those types of organizations to a position of support is best done through a bottom-up approach rather than top down.
I know we’re all seeking a silver bullet by which, in one transformational act, we can get a huge amount of money or bodies – members behind the FairTax – by persuading someone at the national level to endorse it. Our view is that that’s most likely to occur if they hear from their own constituents, their own membership, local members of the United Auto Workers, local unions of the machinists – your local members of the machinist’s union – local unions of the carpenters, the ironworkers, the bricklayers. When they hear from the people that pay dues to them that they are interested in and are seeking the support of their local, their regional, their state unions it is much more likely that those unions will come to see the value of being involved with us in the passage of the FairTax. We’ve had some indication of support in that regard. We’re encouraged by it.
We’ve had meetings with local unions of the United Auto Workers in the Kansas/Missouri area, district councils of the building trades unions in a number of states, and we’ve had a very, very good reception in every one of those instances by the people with whom we met and from that good reception we’re encouraged that the outcome will be positive.
As to trade associations, the same approach applies. They all have members. They are relying on their membership to pay the dues that support the staff that they maintain in Washington. We’re persuaded that you’re not going to change the staff in Washington in an ex parte manner. They will only change, they will only support the FairTax when they hear from their membership that it is something their membership expects. We’re working from the bottom up with people like home builders, with realtors, other trade association members in order to use the grassroots concept in building the support from the bottom up with those kinds of organizations.
One place is the bill itself HR25.
Another helpful spot with a wealth of information on just about all subjects is the FairTax website.
There's lots of helpful information there on many, many different topics. Check the FAQs and Rebuttals for example.
what did the AFFT get for their $20 million? A discredited plan that has been dismissed out of hand by the people who investigated tax reform options. And it was dismissed with a smackdown that the numbers were cooked. They could've bought similar results for much less.
Remember to put on your hip waders before visiting the FairTax site, and be sure to carry your BS detector and a fresh set of batteries.
What about TN?
No Drummer Boy - that's the Income Tax; but it's really called the Slap-Happy Tax as one can see from your posts.
From the Tax Panel Report: A typical married couple at the bottom 25th percentile of the income distribution earns $39,300 per year and would pay $5,625 dollars in federal taxes in 2006. Under the retail sales tax with a Prebate,the same family would pay $7,997 in net federal taxes after subtracting the Prebate of $6,694, resulting in a tax increase of $2,372, or 42 percent. A typical married couple at the 50th percentile of the income distribution making $66,200 214 would pay an additional $4,791, a tax increase of 36 percent, and a typical married couple in the 75th percentile, making $99,600 would pay an additional $6,789, a 29 percent tax increase. A typical single mother at the bottom 25th percentile of the income distribution for head of household taxpayers has $23,100 of income per year and, compared to current law, would pay $5,866 more under the retail sales tax with a Prebate.
Back to pigdog: Your attempt at trying to stir up class envy with the "fat cat" rhetoric shows how desperate all of you are becoming.
Oooo - class envy! Is that what we call it when we notice that the guys who paid for the studies, the focus groups, and presumably your posts, just happen to benefit the most from the scheme? Should I vote against my interests to prove I'm not envious?
You're more than welcome to put up your own set of verifiable numbers using recognized sources to show that the income tax benefits more taxpayers that does the Fairtax ... step right up and do it.
I just did!
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