Posted on 01/31/2005 7:12:16 AM PST by bmweezer
me too.
It is called an illustration.
Could be.
My intention was to give you an acurate answer, not necessarily persuade you for or against. I think how ever the poverty level is defined under our existing system, it remains the same, and is not regionally adjusted except in the case of Hawaii and Alaska, where it is doubled. Thus the FairTax does not change anything regarding how it is determined, but, like other programs, uses it to establish how much the prebate should be.
I'm fairly persuaded that the FairTax is the best option on the table for many reasons. I would encourage you to look at the FairTax.org site, they have a very informative FAQ.
"Cut the dead wood from the country, and make 'em work for a living."
Try going to any other country in the world, and spend 40 years watching tv and getting drunk or stoned, and get PAID to do it. Just try!
The downside is simple. Lots of "disposable spending" type of businesses would lose enough business that they would go under.
There would most definitely be a snowball effect. I agree with you on durable goods? Would you eat at restaurants as much or rent movies or go to theaters as much? Would you drive as much? Would gas mileage matter more? Maybe more people would use motorcycles to save on gas.
The point is that you would now be able to really control how much tax you pay by how much discressionary spending you cut out.
And a major part of our economy is discresionary spending.
Is the NRST as it is plan collected by the States and given to the Federal government, or collected by Federal government itself?
Thank you for your complement........I enjoy being informed about ideas that I haven't truly given a hard look at by people I respect.
You know me well enough to know how stubborn I can be, but am also very open-minded, particularly when it comes to something I'm not totally familiar with......this is one of those cases.
I've become totally fascinated with this discussion........intermitent trolls or not.
Anyone who supports the IRS, no tort reform, etc... really is amusing to watch.
Excuse me, Mr. Phantom Lord, but I import my widgets from a Chinese company. (Actually, I import 75% of my products from overseas manufacturers. So do my competitors. Keeps the retail price low, doncha know.)
How much, again, will I pay for my $10 widget after the NRST?
The Naked Mole Rat is so ugly, that it's cute. Sorry about the Doritoes.
If it was a simple sales tax (and that would be the only way it would be better) then it would mean a major shift in our economy away from an army of accountants and attorneys that would suddenly find their livelyhood vanished in a puff of smoke.
Substantial, sudden change like that is NEVER good for an economy.
NEVER!
The states have the option to collect it themselves (and get paid for doing so). If, for some reason, a state chooses not to collect it themselves, the feds would either do it directly, or contract it out (I think the latter is more likely, though neither is really specified in the legislation).
>When the government gets hold of one tax they are very reticent about giving it up<
AMEN!
>ie. the phone tax we still pay for the Spanish-American war.<
Among a few others.
Absolutely! Remember, curtail is not synonymous with "eliminate."
Probably drives one of them Mini thangs.
I like it verbatim....it is the potential monkeying with its present form that worries me.
Why the state withholding? Would the NRST knock out state sales taxes and so state withholding would be the only means of financing state government? Or do you mean that the NRST is just to replace any and all of the current Fed tax system?
I'm asking this very seriously, because now I'm a bit confused.
So basically with the States collecting the taxes and sending them to the Federal Government, we are back to the basic inter-level-government tax structure we had in Pre-Civil War U.S., the irony is not lost on me.
Most lefties with dough drive Saabs or Volvos. They are about all I ever saw at the Harvard parking lots....maybe a few Volkswagons.
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