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To: Bigun
Have you any idea how many people there are in this country who have INCOMES but pay no tax on them under the present system but WOULD pay with a NRST?
Are you considering the payroll tax? If you include that, not too many people don't pay taxes on their income - a lot less than wouldn't pay taxes under the FairTax with it's FCA.

If you are trying to tell me people spend more than they make, that just doesn't make sense. The only consumption is larger than income is if you include government consumption like the FairTax does. But, again, those governments don't pay the tax, their citizens do. You are just hiding the federal tax in their state and local taxes.


From NIPA tables:
2004
Personal income
$ 9,659
Less: Personal current taxes
$ (1,036)
Equals: Disposable personal income
$ 8,623
Less: Personal outlays
$ (8,533)
Personal consumption expenditures
$ (8,231)
Personal interest payments
$ (188)
Personal current transfer payments
$ (114)
Equals: Personal saving
$ 90

536 posted on 02/16/2005 10:50:08 AM PST by Your Nightmare
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To: Your Nightmare; Bigun; Principled; CSM; phil_will1

If you are trying to tell me people spend more than they make, that just doesn't make sense.

People spend more than they report for federal income and payroll tax purposes for certain, alot more.

It does well to remember there are many housholds and foreign "visitors" that do not or are not required file or report under the federal tax income/payroll tax system not mentioning 10-20% of activity outside of GDP data in underground cash income that doesn't get reported to the IRS or into BEA or BLS data series.

544 posted on 02/16/2005 11:22:01 AM PST by ancient_geezer (Don't reform it, Replace it!!)
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To: Your Nightmare
Are you considering the payroll tax? If you include that, not too many people don't pay taxes on their income.

How many pimps, prostitutes, drug dealers, back room gamblers, pool hustlers, ad infinitum do you know that pay a payroll tax or an income tax? How many fabulously wealthy individuals who derive their entire incomes from municipal bonds?

551 posted on 02/16/2005 12:52:34 PM PST by Bigun (IRSsucks@getridof it.com)
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