Posted on 11/21/2004 12:10:21 AM PST by Remember_Salamis
-- I'm a FairTax Fanatic too!
bump.
We must do this now!!!!
23%!!!!! Why so high?
Oh goody! Another tax.
Yeah, 23% *in addition to state tax*. Not sounding so good to me. We're pushing 10% state tax here. Do I really want to pay a third extra for everything I buy? I'm thinking that I'm not gonna be buying much under this plan....
Good idea, but 23% is too high for me to jump on board yet.
I'll have to think about it. If income tax goes away, all of it, then I can see this working, albeit at a lower percentage rate. How does it impact corporations?
"First of all, it eliminates the IRS as we know it,"
as we know it
as we know it
as we know it
as we know it
When the IRS goes away, ANY WAY I could know it, hell will freeze over. While we're elminating the IRS, let's eliminate ATF. I can dream can't I ?
Instead of a national sales tax, it would be better to go to the funding the founding fathers initiated - tariffs. Think of it as a national sales tax on imported goods you buy. We could really have fun with France using tariffs!
I'd prefer a flat tax of say 13% starting at 15,000 to 20,000 income rate....everything before 15 or 20k is not taxed. Remove some deductions...make the tax form no bigger than a post card and I'm in.
23% national sales is far too high...it will never fly.
Sounds like a great idea to me. You're already paying that 23% elsewhere but it's hidden. At least now it'll be up front, and people will think twice about buying stuff.
Sure, I could see it working at a reasonable rate, too. I think it should supplant the state taxes, though. It's already a zoo with our current system. We have a high rate in my state, yet a neighboring state is about half. People drive there to buy things, so our state loses out completely. So, that is one way corporations are affected.
Cigarettes are taxed less there, too, so folks go to stock up on smokes. Then the state patrol catches them in "sting" operations, as it's illegal to bring more than a few across state lines.
Our tax systems are hosed up. I'd be up for a flat tax, too, if it were done at a reasonable rate.
It has to be high if you are going to get rid of the entire IRS and income tax.
My question is:
Why doesn't it have exemptions for food and medical expenses? That seems harsh.
To desensitize you for when they jack it up to 35%, then 45%, then 60%.
Be wary of the Kool-Aid drinkers. They know not what they do.
Because we have a massive federal government.
Because it's a regressive tax.
So you get the money that's normally withheld, but suddenly it buys LESS goods. Big-time recipe for inflation there.
I think this is our historical chance.
I'm with you all the way there. Going with a regressive tax will never fly.
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