Posted on 05/12/2005 7:46:54 PM PDT by Your Nightmare
The worst part of any type of national sales tax is the TRANSITION phase. There will most likely be a phase-out/phase-in of different tax systems. Then, by golly, there will be a CRISIS, and can't we just keep the income tax just a little bit longer?? Thanks a lot sales-taxers, we will then have TWO major methods competing for our money, (in addition to other taxes we will still have)
I bet the committee members have not read the following paper:
J Heckman, L. Lochner and C. Taber, "Tax policy and Human Capital Formation," American Economic Review, (May 1998), 88(2), 293-297.
Don't hold your breath for the committee or any opponent to actually read it.
Don't hold your breath for the committee or any opponent to actually read it.
Maybe they did read it but decided it, like the Fairtax, isn't the last word on the subject.
They seem to be a company that makes money by selling information on the IRS Income Tax Code. For example, here is one of their products; http://www.taxanalysts.com/www/website.nsf/Web/Onedisc?OpenDocument
Taxanalysts would go bankrupt if the U.S. switched to a Nation Retail Sales Tax (Fairtax). This is why they made this hit-piece attacking the Fairtax.
Fair Tax will penalize those on Social Security since they will not realize any income increase if the income tax is abolished because no withholding is taken on SS payments.
Correct me if I'm wrong, but even though there's no withholding, SS recipients still pay income tax on their SS income, do they not?
Amazing isn't it?
If they did read it, then I have to conclude that the purpose of this cmte is purely political. I am not opposed to people coming up with better ideas. I just haven't seen one.
http://www.fairtax.org/
http://www.geocities.com/cmcofer/fca4.html
If we want to get rid of the IRS - and their storm troopers - we need to start rattling chains - LOUD - let those on the committee - and all other reps - know we want the IRS GONE...
We would be free for the first time in our lives...
I am not opposed to people coming up with better ideas. I just haven't seen one.
Coming up with a good idea is one thing. The possibility of it working is quite another.
They seem to be a company that makes money by selling information on the IRS Income Tax Code.They seem to be a company that makes money by selling information on the IRS Income Tax Code.------
Taxanalysts would go bankrupt if the U.S. switched to a Nation Retail Sales Tax
They'd be right there to make it as complicated as possible. The fairtax already gives them a head start. If you don't beleive that, for starters just look at the confusion they've caused in the rate itself.
Of course, I wonder why YOU want to keep the IRS in place...
Fairtax is just as simple as State Sales taxes.Can you actually give an example?
Of course, I wonder why YOU want to keep the IRS in place...
You said that, not me. Why does it always have to be about me?
Is the fairtax the only alternative?...Some people on the Presidents commission don't think so.
I see you have problems calculating percentages.
Is the fairtax the only alternative?...Some people on the Presidents commission don't think so.
The Fairtax is the only viable alternative. A Flat Tax (which the Federal Income Tax was originally) would allow the IRS to continue existing. A Value Added Tax (VAT) would be worse than an Income Tax because it taxes products and people at EVERY stage of a products production. A VAT is a worse 'hidden' tax than Income Tax.
That leaves the Nation Retail Sales Tax (Fairtax) as the only workable option left on the table.
Now, you are just upset that I pointed out taxanalyists conflict of interest on this issue.
They already have that. HR 25 would prevent it.
What's silent is your pings to fair tax supporters. You didn't want them around?
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