Posted on 01/13/2005 7:35:00 AM PST by Jay777
A flat tax on all income is the most fair. A large national sales tax (value-added as some refer to it) is unfair to many groups for whom it would represent MORE DOUBLE TAXATION -- as we are being screwed on SS payments now.
Take retired seniors, who have no job income, per se. They would continue to have to pay taxes, even without income. Given these people have paid into SS all their working lives, they should be free of a tax burden EXCEPT for a flat tax ON ADDED INCOME. They should not be double-taxed just to live on their own funds on which they have already been taxed.
My solution: A Flat Tax on Earned Income and NO TAX ON SS DOLLARS since they have already been taxed.
The fair tax is an interesting concept, but I too have my doubts with it. Double taxing, and what about charity contributions? The question comes to benefits vs. flaws. One benefit is that it would tax the black market.
I have the same concerns. For many, the only thing that keeps them supporting charities that do so much good in our society is to get a tax break. If the flat tax were to exclude charitable donations, the charity system as we know it would collapse.
Same concern with the fair tax.
The way I understand the flat tax is there will be no deductions for it either. I prefer to do away with the income tax altogether for various reasons. It would reduce the cost of government for one thing by eleminating a large part of our IRS structure. It would eleminate the hold the IRS has on the average american now, no more tax audits if some Dem thinks you are trying to undermine their agenda, which has happened all too often. These are just some of the reasons I oppose an income tax. The chief one is that it was illegal and still is actually even with the amendment that was passed so the gov could stick it to us.
Nonsense!I don't give to charities just so I can get a tax cut. Thats DUMB!!,And I doubt 99% of everyone else does either.
If you would like to be added to this ping list let me know.
John Linder in the House & Saxby Chambliss Senate, offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25, S.1493
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
You are obviously very confused/ignorant of the provisions and the effects of the FairTax.
The FairTax ends double and triple and quadruple taxation, which is what we have under the current system.
You are grossly mistaken.
The FairTax gets government totally out of the business of regulating/tracking/taxing nonprofit organizations, including our churches.
You have alot to learn about fundamental tax reform, and I would recommend you do some serious studying before you make yourself look even more foolish than you already have.
There is no 'double taxation' under the FairTax.
Exactly the opposite is true. The FairTax ends double taxation.
The flat income tax solves almost NONE of the fundamental problems with the current system.
All it does is flatten the rate.
Which of course is the reason it is completely politically untenable.
Fundamental tax reformers oppose it on principle, and because of its nature, the Left will oppose it with all their might; armed with all of their carefully calibrated class warfare rhetoric.
The Flat Income Tax is deader than a doornail.
There are two choices left: the FairTax, or continued tinkering with the current income tax.
That is a fact.
I'll parrot what Neal Boortz said: We already have a flat tax. Problem is, it has been tinkered with, socialized, politicized and made into an abomination. Why would we start all over with a new flat tax which could easily come to the same fate? The only reform that is fair to everyone and prevents such devilment is the NRST. I see this thread is already talking about retaining charitable deductions under a flat tax. See? Already tinkering.
It is amusing to watch the new signups who oppose the FairTax.
Who do they think they're fooling?
O.K. My concern is money in a savings account. I've already been taxed on it. Will I not be taxed again if I spend it after this fair tax comes about?
Also..What happens to deductions for charity giving?
Why don't you post it, that page is blocked here on my government computer. Lucky freerepublic isn't.
Deductions for charity become a complete nonsequiter.
The government is removed from where it should have never been allowed to go in the first place: Into the realm of regulating our religious/charitable institutions and giving.
As to your first question? The savings rate is so low now as to be a joke.
The untaxed funds that people have set aside under the various congressional schemes will be unaffected. It wasn't taxed in the first place, and won't be taxed unless and until you spend it on taxable goods or services.
Under the FairTax, savings and investments are removed from the burden of compliance and taxation permanently.
I say, "Hallelujah"!!
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