Posted on 01/31/2005 7:12:16 AM PST by bmweezer
Quite so. Are you holding your breath waiting for that? Better to go NRST and make the cost of government more visible.
In five sentences you called him names four times. Are "fair tax" supporters so devoid of facts that name-calling is the way you advance your cause?
"Probably drives one of them Mini thangs."
Mini Coopers/ Yeah, I'm sure some of em do:)
That thang is to the bone ugly!!
I hate Saabs and Volvos.
The NRST is a federal tax, replacing only federal taxes. If a state still wishes to continue with a state income tax (which would be a bit more difficult without the federal IRS to piggy-back off of), they are free to do so.
Of course, without the infrastructure for income reporting the IRS provides, the states may choose to either replace or dramatically simplify income taxes.
Luckily for me, it seems most on this thread have your sense of smell!!!!
So do I .They are popular with lefties because they are made in Sweden. They are ugly, way overpriced, and have a horrible resale value.
"The perfect is the enemy of the good."
You are saying that evading NRST means we should keep the present system, even though it is plain to see that NRST is harder to evade, especially for the people in the illegal/underground economy, who just plain ignore the system us law abiding serfs pay into.
Don't confuse debate on the issue with comments on the article. The issue and the article bear no likeness to each other.
The Mini is very metro!
"Substantial, sudden change like that is NEVER good for an economy."
The only thing better than massive numbers of Lawyers out of work in the US is massive numbers of Laywers ceasing to exist.
I can't see my spending habits changing much. What I do possibly see changing is me opening a side business. Can't do that right now as I either open my own business and operate at margin or a loss, or I work for someone else and get teh bills paid.
A major part of our economy is not sustainable without new wealth being generated. The current system penalizes new wealth. The NRST makes it more possible.
I think I'll stick with "the New Hope" embodied by the NRST than the Devil we already know in the over abused IRS.
The pancake looks like a beret. Make the critter look like a French Teacup Walrus, goo goo g'joob
Yep.
I agree somewhat with what you are saying. However, it reminds me of the interest rates. That is, a small move in interest rates can, collectively, cause either an increase or decrease in home sales. I think the same is true here. Everyone isn't going to move in lockstep, but people who were "on the edge" of making spending decisions could do so in sufficient numbers to have quite an impact on our economy. This could, in turn, create the snowball effect.
Also, people who "wish they had control" of their taxes but have accepted that there is nothing they can do would suddenly find themselves in a position where they can drastically reduce taxes by doing things like make their own meals at home, buy a more fuel efficient car, drive less, etc. It is a "control" thing.
Everybody does not have to do it, but for it to have a dramatic impact, only a small percentage of the population would need to act for it to have a dramatic effect on our overall economy.
Substantial, sudden change like that is NEVER good for an economy.
NEVER!
HILARIOUS!!! I am literally laughing out loud! Poor babies have to make an honest living? HOWLING laughing, here!
Hi Gabz.
I see that you have already been responded to by more than a few posters but I would like to add a few comments too.
As kevkrom said, the FCA or prebate, refunds in advance the amount of tax that a household at the poverty level would pay in sales tax if they spend their entire income on taxable goods essentially making them tax free. This eliminates the REgressiveness of the typical sales tax and makes it very PROgressive.
There are no confusing 'this_is_taxed_this_isn't' rules. If it is new, it's taxed. If it's used, it isn't. No exceptions.
As Judith Anne pointed out, when the costs of imbedded taxes are removed, prices will fall driven both by competition and customer demand. There won't be much difference between the prices now and the prices after the change. What will change is that you will get your whole check without the federal government taking it's cut first. You will get a check to cover your tax expenditures up to the poverty level.
As your income now becomes your own, you will decide when and if you will pay tax at all. Buy used goods, grow vegetables in your garden, make your own clothes -- you pay no tax. But if you want to be free from doing it yourself, buy new and pay the tax -- you'll have more money in your pocket to do it.
But, this change will cause the economy to boom and you now have all of your money. You won't have a bigger chunk taken when you work overtime. There will be overtime and new jobs aplenty as people enjoy the extra cash in their paychecks. It'll be your money, not the Feds.
Education is tax free and the cost of education will come down meaning that if your kids are now trapped in a failed inner school, a little extra work on your part means that you can now send your child to a private school that is now out of reach.
Gabz, the benefits of this idea are practically boundless. What I like most is getting rid of the IRS. There will no longer be withholding of taxes, no tax filing, no audits of individuals. It's a major step in moving back to being free of government intervention in our lives and the growing trend toward more government that will burden our children and our children's children.
Can you think of a better gift for them than ridding them of the IRS?
Gee... get rid of the parasites currently mucking up the system.
Er...
No. This would NOT be a bad thing. Accountants would still be needed, but would have a much easier job to do.
I'm not so sure that is true. Most folks I know do a lot of thinking before spending. There are times when my husband actually thinks I think TOO much before spending.
And we probably already only buy what we think is worthwhile based on a VERY different scale than the rest of the nation, so our spending habits probably won't change all that dramaticaly.
That I agree with almost totally. From the way I am understanding the idea of this, my spending would probably increase a bit because I would only have to wait 2 pay periods instead of 3 or 4 to buy that new sofa I saw last month (just an example)
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