Posted on 02/04/2008 12:44:23 PM PST by Jefferson Paine
What the heck is the FairTax plan?
In light of all the recent Congressional support for a phony fiscal “stimulus” plan to ostensibly rescue the American economy from falling into the proverbial abyss, let’s take an honest look at an incredible, infinitely better plan - one that we hear a lot about these days. Were it to be implemented, economists project it would spark an unprecedented period of economic expansion in the United States, not to mention worldwide.
It has been gaining a huge grass-roots base in recent years and is steadily gaining support in Congress, but it is also garnering new levels of distortion and outright lies by its detractors who have a vested interest in keeping the Internal Revenue Code monstrosity just as it is, with its plethora of loopholes, of special favoritisms and punishments, incredibly wasteful complexity, and its merry band of enforcers - Big Bubba’s army of IRS agents. Rest assured, when you hear the FairTax plan demagogued and maligned with scary propaganda, these people either want to desperately hang on to their entrenched power at all costs, or they have never actually learned the FairTax’s specifics in their entirety, and thus, simply repeat someone else’s lies and distortions.
(Excerpt) Read more at gto7.wordpress.com ...
Frankly, unless there is some element of BOHICA there, it isn't.
What I do see, though, is an aging demographic who paid into social security their entire life and saved their money as best they could getting taxed a second time when they spend their savings.
I see another government agency bickering over how much the prebate should be for the government approved levels of spending on energy, health care, food, clothing, regardless of the climate you live in, how sick your kid is, or whether you really need that replacement knee joint.
I see a government agency issuing checks every month, not to welfare, or SSI recipients, but to the entire population. Not once a year like the current tax 'rebate', but every month. Yet I am told this will save money.
Every time I bring up doing away with the tax on energy, food, primary residence, and health care and dumping the prebate as well, I get a load of snarky comments, but common sense dictates that not collecting the tax on the things you would need to issue a prebate for the taxes for, and then not issuing the prebate, (because there is no need for the government to issue a check to pay back something it did not take) would be cheaper and require few of those government employees you folks seem to reserve animosity for.
It is the whole smoke and mirrors of the 'prebate' (whee! "free money" from the goverment!) which is dogmatically adhered to, and which makes the entire scheme suspect in my mind.
Frankly, I think the whole idea is to get checks every month.
It's not paranoia if they really are out to get you.
And it's a well known fact that the Dems, the IRS and xcamel want to "take something from us" and "garnish wages" for "the common good". (There's gotta be a Marxist forum somewhere on the web that you would be a lot more comfortable with.)
Hey, Wesley, why don't you tell us how you "engineered the largest tax-free family business transfer ever"?
While you're at it, tell us all how you personally benefit by having a graduated federal tax on personal and business income.
You have zero credibility on the FairTax threads. You are laughed at by one and all.
Turn the lights out in your basement and take a nap, sonnyboy. Don't forget your meds..............
I didn't avoid it, sonnyboy.
The FairTax proposes a sales tax only. Not a sales tax in addition to an income tax.
Therefore, there's no point in discussing states that have both.
You see the logic there, don't you sonnyboy? I didn't think so..................
Actually it was phil_will1 who got xcamel to give it up.
If you have never had a sales tax audit by the California Franchise tax board you have not really begun to hate the tax man.
States that have sales tax have many schemes that people use to avoid them. But typically 6-8% is the tax. Look what happened in states that put in luxury taxes etc. If say a yacht costs $1,000,000 in the US plus 23% FT. I go to Mexico and buy the same yacht and register it there. Why would would you pay the taxes here? I think it is level sensitive. at 7% I pay my sales tax - at 23% I look for ways to beat it. Plus in many states not ready to eat food is not sales taxed - under FT it would be and the sheeple's ability to understand it will be limited.
Typical fairtaxer
You’re dead on right
When it comes to discussing the FT, logic and reality will never enter in to your thought processes.
My bad.
I do see a lot of starry-eyed musing about how everything is going to get cheaper as the embedded taxes all magically evaporate, and how we are all going to get our 'full' paycheck, and how no one in corporate positions anywhere is going to fulfil their responsibilities to their stockholders or investors and not shave a few percent of the taxes that people did not know they were paying into the corporate profit margin.
Nor did anyone explain to me how we would know if they did, but you can bet the Dems would blame the greedy corporations anyway (how marxist).
I have not seen anyone explain to me how this is fair to the same people who paid their taxes on that income they saved for retirement, now that their health care costs have increased, to tax them on healthcare they recieve. In fact the whole scheme reeks of class warfare, and a new way to "tax the rich", as if the "rich" do not pay taxes now, to issue checks to the 'poor'.
Well, we do that now. We have the EIC, we have welfare, we have a host of Federal programs which issue checks to people who do not or cannot work. So now we are going to dip into that money for 23+% depending on your math in taxes and issue another check?
Well, my grandfather always said, "When something appears too good to be true, you had better take another look." I did.
Your Granddad was a very smart man...
Or after the libertarians.
Or after the Constitution Party.
Or any other threat to the Bigger government duo-poly stranglehold trying to keep their entrenched Nationalism in place to the detriment of our Constitutional Republic.
Kind of makes you wonder.
Yes. I am ever thankful for the things he taught me.
Wel, then, thanks to him.
Do you think that a guy that is buying a Carolina Skiff to duck the Pamilco Sound is gonna go to Mexico to buy his boat and then register it there? (There are a lot more $10K Carolina Skiffs sold than $1mil yachts.)
Remember, either way, million dollar yacht or 10K skiff, you can always buy used and pay NO taxes.
Also, once the embedded income taxes are removed from products, the price will be the same. A million dollar yacht now will cost a million dollars with FT.
You obviously don't read your own postings, sonnyboy.
Everybody on the FT threads are laughing their asses off at every one of your illogical, hate filled, dishonest posts.
But enough of that. Tell us how you "engineered the largest tax-free family business transfer ever".
Or is that just another one of your lies.
No tax is good, IMHO, but a voluntary tax is a helluva lot better that a federally mandated income tax that is backed up by armed enforcement agents, property seizure, wage garnishments, frozen bank accounts, etc.
Can you apply any of this, armed enforcement agents, property seizure, wage garnishments, frozen bank accounts, to a sales tax?
Is the government gonna send armed agents out to make you buy stuff? Will they garnish your wages if they find out that you're not buying your share? Will they freeze you bank accounts if a whistle-blower tells them that you didn't dutifully buy a carload of junk from Wal-Mart the previous week? Will they seize your property if you can't prove that you spent enough on retail goods to equate to 23% of your income?
Ask yourself this: Which form of taxation would Karl Marx prefer?
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