Jesse Jackson logic.
'gonna throw away the ENTITLEMENT to keep our whole paycheck, the ENTITLEMENT of being free from the Gestapo/IRS .......
I amazes me that so many folk would pooh-pooh something because it isn't 100% the way they'd like it.
Where you have even two people judging a thing, you will likely have dissent.
But the FAIR TAX bill is 110% over the IRS -
For those who don't want or need the prebate, what a great opportunity to be charitable -
The Fair Tax entitlement consists of a monthly subsidy check from the federal government.
A new, $600 billion entitlement, what's not to like?
According to the President's tax panel, the poor will benefit and the rich will benefit; the question is, how long can the middle continue to carry those two groups before their backs break?
It amazes me that people rise to the FairTax bait without much concern for the thinly disguised hook.
The scheme promises the employee 100% of his paycheck, but can't define what that 100% is. The scheme promises prices will fall because hidden taxes will be removed, but can't say by how much, or even what taxes. The schemers point to Texas as an example of a successful economy based on a sales tax while ignoring the myriad of other hidden taxes, and fees Texas collects. In 2004, Texas collected $15.4 billion in sales taxes and had total tax collection of $27.9 billion; total revenues for the state were $62 billion, with $21.9 billion coming from the Federal government. Sales taxes represented about 25% of the total revenue for the state in 2004.
It is clear that sales taxes are an important part of the state of Texas' budget, but is far and away not the whole story, or even half the fiscal story. Texas gets more money from the Federal government than it collects in sales taxes
More than just less than a 100% of what I would like, the FairTax is a "pig in a poke".