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 ...
LOL, true. It is nice to see more people standing up to the fairtax BS. The some merit going to a sales tax, but their sales pitch is complete fantasy.
No thanks, I think the FairTax just the way it's written is "just right", Goldilocks. I want to see government as much out of control of tax manipulation as possible.
But that 9% is from a total of 22% embedded taxes.You completely misunderstand pigdogese. The 22% figure is last month's lie, the 9% figure is this months and this month the 22% figure never existed...Get with the program.
In any event even you naysayer ninnies have agreed that it till at least be a 9% drop. That's great progress since not too long ago you were basically all arguing that prices will go up with the removal of the income tax. Just keep on takin' those baby steps and you'll get there along with the FairTax when it passes.
And besides, why do you like to claim FairTax supporters are backtracking? That's just the naysayers' spew. You're buying into more and more DemoLib nonsense. I suppose you soon be voting for Hillary.
In fact, the most likely rate is presently 19% rather than 23% ... still revenue neutral.Fairtax economist Kotlikoff:
Tax RatesGee, I wonder who's the liar...The Fairtax economist or the faceless, self appointed spokesmouth using a phony name?Simulation analysis and a variety of empirical calculations suggest that the retail sales tax rate needed for revenue neutrality under the Fair Tax, assuming no decline in the real value of government purchases, would be roughly 30 percent when measured on a tax-inclusive basis. This tax rate could be expected to decline by 3 or so percentage points over time as the economy expands. Moreover, if the Fair Tax were structured to include the consumption of existing housing services in its tax base, the initial Fair Tax rate would probably be about 3 percentage points lower. This could be accomplished by assessing the tax on the imputed rent on housing, where the calculation of imputed rent is based on a fair market valuation of housing real estate. This valuation could be done by local municipalities in the course of appraising houses for local property taxes.
A tax-inclusive consumption tax rate of 30 percent translates into a tax-exclusive consumption tax rate of 43 percent. While the 43 percent rate sounds very high, proper comparison of the Fair Tax tax rate with the current payroll and income tax rates requires evaluating the consumption tax rate on a tax-inclusive basis. Even a 30 percent tax rate may sound like a high rate. But one needs to bear in mind that middle and upper income households in America are typically in combined income tax and payroll tax marginal tax brackets of 40 percent or more and that low income Americans are typically in even higher tax brackets once one considers the phase out of the earned income tax credit. Hence, given the state of U.S. marginal taxation, 30 percent is a low number.
As it is, it's a spreadsheet listing ... got it???
No, fairytaxers have maintained for many years that prices would fall 23%. It is only recently that that has changed as their hidden assumptions have been revealed.
In any event even you naysayer ninnies have agreed that it till at least be a 9% drop.
At most 9%.
That's great progress since not too long ago you were basically all arguing that prices will go up with the removal of the income tax.
No one ever argued that the removal of the income tax would cause prices to go up. Can you go one sentense without lying and making a fool of yourself?
Just keep on takin' those baby steps and you'll get there along with the FairTax when it passes.
Don't worry, I will not be holding my breath.
He knows that foreign manufacturers don't have that 9% to play with, so they're stuck. Knowing your competitor can't lower his prices, why would you? You're just leaving money on the table.
"... You never can be fully honest, can you? ..."
Well, ONE of us can't - but it's not me. As I told you I see no more coming out of the 22% figure you quote although more may come out of other places to help reduce prices, I seriously doubt that it will come out of that you call the 22% (which I call 23%) from the income tax/payroll tax withholdings since I doubt that even those firms who do not have union (or other) employment agreements (try the government for example or a large school system) will be able to reduce employee's wages.
If for no other reason I think the competition for workers in the rapidly expanding economy the FairTax brings about will largely preclude that sort of robbing of employees.
The only argument I saw were that prices would rise with the addition of the Fair Tax. YOU argued they would stay the same with the Fair Tax -- that the Fair Tax merely made visible the existing embedded taxes. If the employer kept ALL withholding, they might.
But then you made the mistake of saying, in addition to that, everyone would receive 100% of their paychecks. We told you all along it was either/or. Now you're starting to come around.
Please show me where I've claimed that there would be 23% of embedded tax. And if you don't think the approx $4 figure is correct, let's see your calculation and reasoning.
Reduce? Assuming the employer kept all payroll tax and federal income tax withholding, the take-home pay would stay the same.
"As I told you I see no more coming out of the 22% figure"
Well, at least you admitted that the 22% (23%) exists and that today's drug dealer/tax-avoider/criminal is currently paying it.
And there'd certainly be no reason to maintain the same profits since with the greatly expanding economy of the FairTax you'd be more likely to expand the profits by doing more business. The purchasing power of the business owner will increase also, just as for the wage earner.
"... That is something they had been in denial about for years ..."
Not sure as to who is meant by "they", but I've had no "denial". In fact, there are other places that price reductions might be found other than just employee wage/payroll withholding. You nattering naysayers don't seem to grasp that. But certainly 9% is a good start - or even 5% at which point the FairTax does just fine, too. Then, too so would 12-15% for that matter.
Since you've never studied it, how do you know??? Oh, yeah, Robbie told you that and HE'D never lie - right???
???? What are you talking about. You just make crap up and post it? No one said prices would go up when the income tax is removed.
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