Posted on 01/31/2005 7:12:16 AM PST by bmweezer
GMTA!
Point taken.
Sometimes simplicity is a better goal than complete equability.
I agree.
I'm really and truly not trying to be a trouble maker.........just trying to understand.
Then wouldn't the removal of tax on your labor be an incentive to earn even more as you would get to keep every penny?
Remember, with the NRST there are NO FEDERAL TAXES of any kind taken from your pay check. No income tax, so SS tax, no medicare/medicaid tax, NOTHING.
You get to keep 100% of your check (minus state withholdings).
Two Words:
A Men!
Shalom.
You are as off the mark as the author of the article. You're talking about a VAT, not a retail sales tax. An NRST would repeal all of those production taxes you're worried about (which, thanks to income and payroll taxes, you actually are paying today).
Are you THAT afraid of dissent from your "fair tax" propaganda?
I have not hit abuse. You have yet to do anything other than post your misguided fear. You oppose tort caps, you believe income tax is constitutional, and you believe the article is well written. You are pressing abuse every time you think. You don't need any help.
If you two can't behave yourselves.......
My only fear is that they will promise to remove the income tax, but when the get the NRST, the income tax will stay with us.
I grew up in Illinois and remember when they were pushing for the state income tax, they promised the voters that property taxes would be greatly reduced, no raises in sales tax, and toll roads would be gone. Well 40 years later there is a higher sales tax, toll roads cost 50 cents instead of 15, and property taxes are higer than ever.
When the govt gets hold of one tax they are very reticent about giving it up. i.e. the phone tax we still pay for the Spanish-American war.
I can see why we would think that, but I can't see any evidence that people will ever do this.
Every time I hear about a sale on HiDef TV that puts it down in the range of $1500 or so I almost run off the road. $1500 for a TV? And that's on sale? If Americans will spend $1500 on TV then they will spend any amount on anything. They have money falling out of their a$$holes and can't figure out what to do with it.
Maybe I'm wrong, but I think consumerism in the US is a freight train you couldn't stop if you tried.
Shalom.
A Taxreform bump for you all.
If you would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25), 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
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:
Yes. More people would be able to live a frugal life and save more money. And? How is this a bad thing. Americans are currently only saving 40 cents out of every $100 they make. And we wonder why Social Security is such a mess?
Not having a billion and one tax regualtions to deal with would make starting up a new business that much more a viable option as well. New producers create new wealth.
Not seeing a downside here....
Well, with the Income Tax, you can choose whether to work or not. I'd say they are about equal in "voluntariness".
I notice the author did not elaborate on this silliness.
The only way this would hurt the middle class more than the wealthy is if the wealthy bought fewer or less expensive items. They'd have to give up buying furs, jewelry, yachts and so forth. I doubt they would do that.
Yeah right. Under that reasoning the income tax is also optional; you just keep your income under a certain level and you don't have to pay anything. Indeed if it is much under it, they will give you money under the EITC.
Behave....us??????
BINGO
The boost comes from eliminating the cost of tax compliance at EVERY stage of production--and not only the cost of tax compliance is eliminated, but the gigantic, politicized, greedy, unwieldy, pork-stuffed, unreadable current tax code is ALSO gone! Gone are the costs of hiring tax attorneys to lobby for miniscule reductions in industry-specific taxes that strangle production! Gone are the costs of thousands of federal tax offices, machinery, employees, supervisors, computers, telephones, papers, mailing costs, specialists--GONE! The savings to government would be in the many billions of dollars--any idea what tax compliance costs YOU, costs business, costs the government, costs the economy? GONE!
You just went and described the VAT that they have in Eurpope. The NRST is NOT a VAT.
Thanks for the ping.
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