Tax Reform Panel Picks Apart FairTax Proposal

Tax Analyists ^ | 5/12/2005

[Principled]

http://www.fairtaxvolunteer.org/smart/index.html

Fair Tax quick faq...

[pigdog]

That's right in character and has been so since whenever he started posting - '98 or '99.

You shouldn't expect any significant improvement as there has been none in all that time.

[Paul C. Jesup]

There are no taxes that are good taxes, especially ones that are designed to reverse what was done before under the pretext that one was saving for retirement.

So you don't want the selfish 'give me' (baby boomer) generation to pay for their selfishness.

If the baby boomers did not push for all these laws, regulations, deductions, higher taxes and if they had not aborted 40 million babies, we would not be in the mess we are in today.

[Final Authority]

The fairtax bill does not and can not abolish the IRS or the income tax as much as you would like to say or dream, so dream on. Case closed.

[Final Authority]

I knew all along where you were coming from. Too bad. We got the votes and the so-called farttax will never be. Better go to work, like the Boomers did and still do.

[Final Authority]

My gains were not ill gotten. Get off your A$$ and do something like I did. I've had several companies, managed several high tech divisions of major companies and now consult to same. Remember the "MX/PeaceKeeper" system? Thank me for it with all of my Boomer associates because we saved the X'ers sorry a$$e$ from communism, that is, until a NRST is instituted.

[Final Authority]

BTW, I can't "infer" as I can only imply when I write or speak (typical X'er), and how did you ever infer I was elderly?

I do not buy stuff for my business, I sell my time and knowledge.

[pigdog]

No, not "case closed" but rather "mind closed". Read the FairTax bill and you will see that it eliminates not only the income tax (and several others), but also abolishes the IRS and has other salutary changes as well.

As I said ... read the bill.

[Final Authority]

The bill is like a wet dream, it seems great until one learns of the reality. Bills are bills. It is not law. The bill itself cannot be the mechanism to repeal any Constitutional amendment and until there is a impediment to ever reinstating the income tax the bill is BS. BTW, if you are so prescient of the outcome you must go to a OTB and bet the next race.

[Principled]

http://thomas.loc.gov/

enter "HR 25"

[pigdog]

You missed the "... or other ..." and picked out "ill gotten".

High tech divisions of major companies? Sounds like tax money has been making you wealthy. Good for you. I'd have to note, though, that I can't see that the "MX/PeaceKeeper" saved any X'ers rumps so you get no kudos from me.

In addition, you're making a big jump about me and my background - and it's erroneous to boot.

Maybe you should blow all your "riches" quick before the FairTax becomes law so you don't have to invest it tax free and help both yourself AND the country. That way you can go around bitching about how the FairTax drove you into the poorhouse or you'd have all that money to invest and get richer on.

[Principled]

The bill itself cannot be the mechanism to repeal any Constitutional amendment

Well duh.

[Final Authority]

I and my parents invested heavily in my education and experience when I was young. That is the basis for the payoff. It takes good genes and culture as well. It also takes an understanding of the values that made the USA great so I could emulate those. Adding an additional layer of broadbased taxes is not one of those.

[Your Nightmare]

LOL!

Hey, unPrincipled. What's 25% more than nothing?

[Principled]

25% of what?

[Protagoras]

There is little hope of the FairTax or any national retail sales tax being recommended by this panel.

The government will never give up it's primary source of power.

[pigdog]

Your post #167 infers what I stated. If you like the word "imply" better you're certainly welcome to use it - free country you know! I think the word I used fits better however.

You don't "buy stuff" for your business ...!!!??? Really. You don't use computers, telephone, office supplies, etc.? Your customer just picks you up in a limo periodically to stand up and talk at 'em. How fortunate for you. Or maybe they have a multiway multimedia connection where you help keep them on the straight and narrow.

I certainly hope they get their money's worth.

[Principled]

Some say its primary source of power is being in office ... ie getting elected....

but I agree one of the main obstacles is that they'll lose power. some folks don't see that... and even think the nrst is a power grab. lol

[Paul C. Jesup]

We got the votes and the so-called farttax will never be.

Who is 'we'? You just betrayed yourself by showing everyone here that you are a socialist.

[pigdog]

I sort of had the idea that bills were very necesary precursors to laws but then I haven't saved any Gen X'ers of Boomers lately. How is it again that those laws come into being???

Though I don't bet (so I'll have to pass on your suggestion to gamble) I DO like sure things - and I think the FairTax is a sure thing to become law ... or as near so as can be obtained in bill form.

Certainly a Constitutional amendment is quite different than a tax bill and the two cannot be combined, but the FairTax bill calls for repeal of the 16th. In any event, the IRS and the income tax are goners I think. Why is it you oppose that?