Posted on 09/15/2008 4:25:21 PM PDT by Man50D
The FairTax ensures Social Securitys soundness by funding it with a progressive, broad-based national retail sales tax, rather than the current regressive, narrow payroll tax.
The FairTax rebate zeros the retail taxation of necessities, up to poverty-level spending, for seniors.
The FairTax repeals the taxation of Social Security benefits and adjusts Social Security indexing to protect seniors.
The FairTax ends all record keeping and income tax filings of any kind for seniors, totally insulating them from the high costs and abusive tactics of tax preparers.
The FairTax does not tax used goods, giving low-income seniors choices.
The FairTax reduces manufacturers, services, and retailers costs, allowing them to lower costs to seniors.
The FairTax delivers a tax holiday on IRAs and other tax-deferred plans.
The FairTax ends gift and estate taxes, along with all of the unfairness to heirs and complex planning for those who earned the money.
The FairTax allows seniors to sell their homes and pay no capital gains taxes.
The FairTax generates an economic boom, which eases future budget pressure on seniors entitlements.
The FairTax lowers average remaining lifetime tax rates.
The FairTax ensures your grandchildren have the same opportunity you did.
I already am -- to a total of more that I would be under the FairTax. If you don't know that already, it's time for you to either learn a little bit about how the FairTax will work -- or take that hike you're talking about.
Personally I have stated openly for years on these threads that, if the FairTax has a flaw, it is that after tax retirement savings will be taxed twice and that some adjustment should be made since most seniors will receive the windfall of having their qualified retirement savings untaxed.
So while I'm pondering hiking why don't you go jump in a lake?
Pretty clear avoidance of the obvious. FT'ers take a hike.
Deliberate ignornce, followed by raw nastinesss get boring as hell after a while. So why don't you trolls either learn something about the FairTax or STFU
Please explain again how savings made by
“oldsters” will not be double taxed.
First I want you to tell me how I my savings under the FairTax will be "double taxed."
Don’t bother... He got shot out of that A20 and landed on his head.
fartaxism is a mental disease.
Did you come on this thread to insult and disrupt or did somebody pi$$ in your soup?
Are savings taxed twice by the FT?
Why don't you go back and read post #22? Maybe you'll pipe down.
(Typical SQL.)
1. believe that taxing the creation of wealth is better for the economy than taxing the wealth when it is spent.
2. believe that returning peoples tax payments to them is welfare.
3. have no problem with a tax code that is wordier than the Bible.
4. believe the IRS is a good department and does a good job.
5. believe that the worst thing you could do is tax the wealth of old geezers who are living off of the sweat of the younger workforce.
6. love to tell everyone you see that the FairTax was created by Scientologists.
7. believe that what Bruce Bartlett says is the gospel and that scores of other credentialed economists are only paid shills.
8. have a habit of going to online chat rooms and posting insults about the Fairy Taxers.
9. think that calculating a tax the same way as the tax it is replacing is dishonest.
10. think the economy has always been fine under the income tax.
11. call the FairTax a cult because you cant think of anything else to say.
12. believe that cutting one tax by 25% and raising another by the same amount is inflationary.
13. think inflation is caused by high taxes.
14. think Milton Friedman is an idiot.
15. have a soft spot in your heart for European style VATs.
16. wrote the ten planks to the Communist Manifesto.
17. think the prebate is Marxist but not the Communist Manifesto.
18. sell some sort of tax advantaged product.
19. claim you clamor for tax reform but have no earthly idea how to do that.
20. ...howl in outrage when the BATF violates the 2nd Amendment but have no concerns when the IRS violates the 1st, 4th and 5th Amendments.
21. ...believe that having the bottom 50% of income earners pay little or nothing to the government has the best chance of limiting that government.
22 ...think that business taxes aren't priced into goods and services.
23. ...think that people give to charity just because there is an income tax.
24. ...believe there is nothing you can do about congress.
25. ...believe that the only reason people buy houses is to take advantage of the mortgage deduction.
So the FT is, in fact, not fair to Seasoned Citizens, contrary to your title,
FT is a non-starter. If AARP is against it, it ain't gonna happen.
You should give it up and spend your time on something else.
So it is true.
FT is definitely not for me. FT is a strong detriment to Seniors, contrary to the title of your post.
"FT" is a non-starter.
FT is, in fact, unfair.
It's not my title. The FT is fair to most old geezers. Some may get stiffed and I think that flaw is easily fixed when the bill goes to write up.
FT is a non-starter. If AARP is against it, it ain't gonna happen.
The AARP also wants socialized medicine. By your logic then we have no choice on that one either.
You should give it up and spend your time on something else.
Why? Tax reform is one of the four reforms that will bring jobs back to the US from overseas.
The others:
Tort reform, regulatory reform, elimination of union wage scales.
Now that's funny. Almost 700,000 supporters are non-starters?
The FT has been overwhelmingly endorsed by voters every time it has been put on a ballot for a straw vote.
According to a poll taken about a year ago the majority of Freepers are for it.
As far as I can tell the only people against it are those with some sort of reliance on the income tax. Oh, and Bruce Bartlett.
The FairTax is gaining momentum every day, whether you like it or not.
The only people it "rips off" are those who make their living off of the income tax sword that hangs over all of our necks.
And believe me, no one will be sad when they lose their jobs.
You forgot one:
The FairTax allows seniors with lots and lots of money and very high incomes to travel the world while retaining US citizenship and legally avoiding all Federal taxes.
Of course, that applies to anybody with lots of money and income, not just seniors.
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