Oh come on now, you wouldn't want them to do anything simple would you? Besides, if they didn't have the tax code to tinker with all the time they might actually have time to do something else. Like maybe SECURE OUR BORDERS?
Posted on 08/08/2005 5:20:29 PM PDT by Man50D
> The Fair Tax has been introduced in both the
> House (H. R. 25) and Senate (S. 25).
For the record:
http://thomas.loc.gov/cgi-bin/bdquery/z?d109:h.r.00025:
http://thomas.loc.gov/cgi-bin/bdquerytr/z?d109:SN00025:
The so-called "Fair Tax", or sales tax, has been a disaster in Europe. The Flat Tax has been a resounding success everywhere it's been tried (Ireland and Russia are two examples).
Why should we even consider a tax method that has flopped everywhere instead of one that has succeeded?
Oh come on now, you wouldn't want them to do anything simple would you? Besides, if they didn't have the tax code to tinker with all the time they might actually have time to do something else. Like maybe SECURE OUR BORDERS?
Um, because of their mind-numbingly stupid propaganda?
That is because that was a Value Added Tax (VAT, taxed at every stage of production) in Europe, while Fair Tax is a National Retail Sales Taxed (taxed only once during the sale of the finished product from seller to buyer/consumer).
How is the failed sales tax in Europe different from what is being presented here in the US?
Link to the Boortz/Linder book.
A Taxreform bump for you all.
If you would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
Terrific endorsement. You can tell the desire for real reform runs very deep.
Wow, he has a job. Impressive credentials.
Good job!
Be prepared to be inundated by the "fair" (sic) tax Kool-Aid drinkers. They don't get what a creator of the black market economy that abomination is.
The so-called "Fair Tax", or sales tax, has been a disaster in Europe.
There is no "FairTax" system in Europe nor has there ever been. European nations have combinations of income taxes & VATs levied on business purchases passed through to the end retail customer and Income taxes.
The FairTax in a National Retail Sales tax paid only on products purchased for final consumption, not on business purchases as the VATs of Europe are.
Furthermore the FairTax repeals all federal income, SS/Medicare and Gift/Estate taxes, totally unlike any system in Europe.
Don't know where you got your information but the FairTax looks nothing at all like the tax systems in Europe, including their supposed Flat Tax which is a VAT with a progressive wage tax component, generally retaining retaining corporate income taxes as well a payroll taxes much like SS/Medicare taxes here.
Why should we even consider a tax method that has flopped everywhere instead of one that has succeeded?
Perhaps you will point out this country in which a retail sales tax only tax system has flopped.
I can point out several in which business purchase taxes (VATs) coupled with income & payroll taxes are flopping along with whole economies throughout Europe.
Um, because of their mind-numbingly stupid propaganda?
So true...so true. Kool-Aid drinkers all.
How is the failed sales tax in Europe different from what is being presented here in the US?
The FairTax legislation implements a retail level single stage, single rate tax at purchase for final consumption only, and repeals all federal income, payroll, and gift/estate taxes.
The European "sales" tax on the other hand is collected from all purchases by businesses as well as consumers up and down the chain of production and is always implemented with income and/or payroll taxes as well.
In fact the European VAT is merely a modification of the pre-WWII business turnover & transaction taxes of Europe that cascade piling tax on tax thoughout economies. The EU VAT introduced credit/voucher system to partially credit business purchase taxes for inputs when materials and goods were sold to succeeding businesses in the chain of production to reduce the compounding components of business purchase taxes and did nothing to remove income, payroll or other taxes, including retail taxes that exist in European economies.
The European systems guarantee a moribund economy throught he high impositions and extremely burdensome and costly red tape regulatory environments on its industy and businesses at all levels.
The FairTax legislation have none of the component of the European tax systems causing their extreme economic problems.
Fair Tax Bump!
The Flat Tax has been a resounding success everywhere it's been tried (Ireland and Russia are two examples).
You mean the Russian flat tax on individual with its 17% VAT on businesses coupled with 30%+ excess profits taxes, tripled gasoline excise taxes, and extremely regressive payroll taxes to pay for its social welfare programs?
Do you mean the Russian 17% VAT on business with individual flat tax, who its economists are recommending and working to replace with pure retail sales tax to get rid of the excess burden on their industries to better compete with European markets?
MOSCOW - VAT may be abolished two years from now and be replaced with a sales tax in Russia. The news came from Arkadiy Dvorkovich, chief of the presidential administration experts department, telling reporters that officials were studying the policy switch and its consequences.
“Obviously, this would be impossible in 2006, but it could be introduced beginning in 2007,” he said, adding that a sales tax of ten to fifteen percent should be introduced along with VAT’s disappearance.
You told me too late. :-(
They are so far from getting it that I'm not even going to try to respond.
The Flat Tax has been a resounding success everywhere it's been tried (Ireland and Russia are two examples).
Do you mean the same Ireland that now has also implement a 17% VAT on its busineses along with its employer remitted 15% PAYE tax on wages as it seeks to enter the European Union with its glorious successes?
http://www.finance.gov.ie/viewdoc.asp?fn=/documents/Publications/tsg/tsg9828.htm
Tax Compliance
Office of the Revenue Commissioners, Dublin Castle.
***3. THE BLACK ECONOMY
3.1 Size and Nature of Irregular Economy
It has not proved possible to design a model which is capable of computing the extent of black economy activity with any level of certainty. Two recently reported estimates of the size of the Irish black economy differ significantly. An article in The Economist of May 3 1997 estimated the size of the Irish Shadow Economy (as a percentage of the 1994 Official GNP) at 15.3%: an article in Summer 1997 Irish Banking Review estimated the size of the Black Economy in Ireland in 1995 at 10.7%. The wide difference in these estimates confirms the view of Gabriel Fagan that "from a methodological point of view, it is evident that all of the available techniques for estimating the magnitude of the black economy suffer from significant limitations". All countries have this problem. In some other countries the size of the black economy is put at 20% of GNP or higher. A paper prepared by the EU Commission put the size of our black economy in the region of 5-10% of GDP, with figures for other member States going as high as 35%.
3.2 Revenue generally see two dimensions to black economy activity
- people whose activities remain wholly undetected and
- people who are on record for tax purposes but do not declare the full extent of their activities and income.
That is wise. Their fanaticism was not reasoned in, so it cannot be reasoned out.
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