Posted on 08/03/2005 4:51:43 PM PDT by RobFromGa
A simple question...
So, under the FairTaxI get to keep my whole paycheck, prices for everything I will buy will stay the same even with the taxes included, and I get a prebate check from the govt every month. And businesses pay no taxes.
Where is the extra money coming from...
What is wrong with this reasoning below?
1. Right now the government collects $X in the form of all taxes.
2. All taxes are really paid for by consumers in the end result, either directly, or in the cost of their purchases which allow businesses to collect money in order to pay taxes. Companies do not really pay taxes they jsut collect them and pass them on.
3. The FairTax will collect the same $X per year in the form of taxes but using a different method.
4. Under the FairTax, the price paid for goods will not rise because getting rid of all the taxes built into goods will cause the prices to drop, then the FairTax will add onto the new lower price, resulting in the same price paid by consumers.
5. So, for a given taxpayer, shopping (consumption) will be revenue neutral. Ie. Prices are the same as before.
6. And each given taxpayer will get a "prebate" check every month that they are not getting now.
7. And each taxpayer will pay no taxes on capital gains, or on savings.
8. And, each taxpayer will no longer pay any taxes on income, or payroll taxes.
9. And, there will be no Fair Taxes on any purchases made for a business.
Are these all true so far?
Again, I get to keep my whole paycheck, prices for everything I will buy will stay the same even with the taxes included, and I get a prebate check from the govt every month.
Where is the extra money coming from???
Why don't you look at my home page you SOB!!!
You have done a good thing by exposing the Boortz/Linder book as a possible fraud. But you have exposed yourself the way pigdog, and many of us had you pegged early on. You had an agenda when you came here. Don't deny it, we all know it. I don't know what your business is but it is obviously predicated on the status quo as far as the income tax is concerned. If the income tax as it is written would be gone it would be a bad thing for you, YN, louey, balrogg, etc. The only person that has been honest about all of this is Always Right. I have a lot of respect for him, although I disagree.
thank you
I don't think fraud is a good word to use. I think they really might not understand it.
I had no agenda. I did not "come here" to debate the FairTax, I have "been here" almost five years. I have been very actively involved in many topics through the years, the FairTax jsut caught my interest because it was gaining steam and it sounded too good to be true. And as described it looks like it was.
I like Always Right as well. I have said repeatedly that I am not against the FairTax Plan per se, but we've got to know what it is before we can discuss it openly.
I actually don't like the Income Tax at all, and I would come out ahead most likely under the FairTax as long as the business expense deduction on NRST would stand, and as long as it didn't destroy the overall economy which would kill most businesses. I do think compliance with the business use aspect of the plan will be pretty tough to manage without high compliance costs.
The other main area of concern is the level of tax at 30% could create very high potential for evasion and cheating. But that is debatable. (sorry about the earlier mixup it was unintentional)
It's too late. Let's go about this tomorrow.
That is really reaching for an argument. Linder is not just a front man for this legislation. He knows it forward and backwards. He is the primary reason the Fair Tax has finally gained traction out among the states, which has produced the grassroots pressure to get co-sponsors on board.
As to the tax on accumulated wealth, the Fair Tax reaches accumulated wealth spent on new goods and services for final consumption. If wealth is invested in production, no tax.
I have to agree with you. He made some early appearances of searching for facts and enlightenment. But the mission to achieve obfuscation, confusion and status quo has become all too apparent.
Robbie took the not-uncommon approach of "being just about to love the FairTax" (or words to that effect) if someone could just explain "one more thing" to him.
Of course you can never explain that "just one more thing" since when you do it always becomes something else and morphs around and around.
He is opposed to the FairTax - but not for his stated "intellectual honesty" BS reasons. I believe the true case is he has a good thing going now and doesn't wish to see it altered ... so much for intellectual honesty.
His grandstanding vanity posts are actually a sign of this. He's quite probably one on the non-compliance folks under the present tax system that make up something like 20-25% of tax revenue collected presently.
Yes. I'm still puzzled, I admit, about what stake some of these people have in the current tax game that leads them to spend so much time trying to get in the way of any serious reform. People of the kind who cheat the system usually don't spend their time trying to keep the system any particular way. They just plan on cheating any system, whatever it is.
I actually think it's pretty simple. Most of the Squirrels have a "good thing going" in their own mind with the present tax system and believe that they will not be able to evade the FairTax so easily and will therefore NOT have as "good a thing going" under the FairTax.
I believe it is strictly a matter of self-interest ... mostly financial self-interest. It may very well be (and probably is) unjustified since almost ALL economists predict the "rising tide that lifts all boats" via greatly increased economic activity with the FairTax. They're merely shortsighted.
Thanks, and good to hear from you.
That isn't a NEW retail product. That is a used product. No tax.
LOL, true unfortunately Trixie is providing a service so being used does not come into play.
***being used does not come into play.***
Snicker, snicker.
Is it a "service" or a "rental property?"
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