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Principled
Since Dec 8, 1998
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Principled been sent to a FairTax reeducation facility and will hopefully return before Thanksgiving.
Posted on 08/18/2005 6:34:27 AM PDT by GPBurdell
NUMBER ONE ---- AGAIN!
The word came in yesterday afternoon. The FairTax Book will remain No. 1 on the New York Times Bestseller's List for the second week in a row. Our editor at Regan Books told us yesterday afternoon that it is much harder to make this list the second week than it is the first. Needless to say, we're excited and gratified. Interview requests for Congressman Linder and myself are pouring in, and the crowds at the book signings remain strong.
Our greatest hope is that the book generates a buzz and momentum of its own. Across the country people who have never heard of The FairTax before are learning that it is possible to get rid of all income and payroll taxes and replace those taxes with a one-time tax on consumption at the retail level. These people are learning that:
* They can say goodbye to the death tax, the gift tax, Social Security taxes, Medicare taxes, the Alternative Minimum Tax, capital gains taxes and the trouble of filling out tax forms; * That they can just go enjoy themselves on April 15th, just as they do on every other spring day; * That American corporations who have fled overseas to escape our crushing tax system can be brought home again; * That they can invest and save with no federal tax consequences whatsoever; * That the trillions of dollars that are working in offshore financial centers, again to escape our crushing taxes, can be brought back to work in the American economy again; * That we don't need to spend $500 billion a year to comply with an obscene tax code; * And that all of this can be accomplished while eliminating the federal tax burden on the poor, and without increasing the cost of living for everyone else.
I was discussing the book with some friends last night. I told them that over the past ten or so days I think that I have signed about 8,000 copies of the book at various book signings. Since many people buy multiple copies of the book, I would guess that I've seen about 6,500 people during that time. So .. how many people had something negative to say? Two. That's it. Just two. One man at Ft. Bragg came through the line twice to have two books signed (he went and bought an extra copy) all the while grumbling that we didn't include enough of the research in the book. Well, there's a reason for that. You can find the research at the FairTax website. Knock yourself out, pal. One other man stood in front of the table and demanded an opportunity to point out all of the typos he had found. We politely declined his incredible offer. But that's it. Two complaints. On the other hand, we've received hundreds of comments from people who doubted whether or not this idea could work ... until they read the book. Well, that's what we were after.
Again ... thanks so much for another week at No. 1! The FairTax is becoming an idea that can't be ignored.
The wage owners keep their income taxes and payroll taxes and get a lot more takehome pay, the business owners (read shareholders) get to keep the same amount as now.
Posted by RobFromGa to ancient_geezer
On News/Activism 08/17/2005 6:48:33 AM EDT · 461 of 560
The consequence derives from the repeal of the current tax system and its burdens on much of the economy and thus is referred to in terms of removing taxes. The impact however is much more wide ranging than just the amounts actually remitted to government by businesses as taxes.
Your whole reply reads like a econmic report and it is full of gobbledegook that makes no sense to a small business owner, to take just one example of your thinging,
The consequence derives from the repeal of the current tax system and its burdens on much of the economy and thus is referred to in terms of removing taxes. The impact however is much more wide ranging than just the amounts actually remitted to government by businesses as taxes.
Businesses remit income to the government in only two places: employee pay and business owner profit. We have already established clearly that the employee will get ALL of his money that is now being withheld for no net savings to the business from that change. If the business owner also gets to keep ALL of his profits and not pay income tax on them then therre is no net savings to the business from that change.
But I think that is where the FairTax is getting their money for businesses to reduce prices. They expect that business owners as a group will be willing to get the same amount of income and dividends that they now receive and pass their tax savings back to the business. But even at 50% profit margin, there is no 23% to be gained from the business owner.
You need to quit lookng at the studes for a minute and look at the real world.
the sound of crickets chirping...
No logic to that Rob.
And as I've said before, that might be alright. Prices would come down in that case, and everyone would be buying things that cost the same as now with the same amount of money as now but the income taxes would be gone. The problem crops up when you say people will get more pay and prices won't go up that i wonder what else you don't understand.
You don't think it's you that pays for that, Looey???
BWAHAHAHHAHAHA yourself!!
he'll probably be shipped to a FairTax reeducation facility for letting the cat out of the bagLOL!
Talk about one confused individual....They won't have a problem with him, he knows not what he's doing anyway....He'd have the reeducators at the re-education facility walking around with heads hung shuffling their feet and talking to themselves before it was over.
Yesterday I tried out some FairMath, I went to buy a new set of tires for my car, they were marked 20% off and it said EACH. I only needed four but that would only be an 80% discount, so I think I'll get a fifth tire as a spare that adds to 100% off, and that way the whole set'll be free. I couldn't get the guy to understand. How can I explain it to him, the tire guy said he never heard of Jorgenson. (since when did Harvard professors become a trusted source of scientific simulations anyway?)
Part of the problem is that Linder and Boortz (and most other politicians) are W2 wage earner types. Tell them that they get to keep their whole paycheck and they're not too worried about (or knowledgeable about) what will happen to the business owner and the shareholders.
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Principled
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Yesterday I tried out some FairMath, I went to buy a new set of tires for my car,they were marked 20% off and it said EACH. I only needed four but that would only be an 80% discount, so I think I'll get a fifth tire as a spare that adds to 100% off, and that way the whole set'll be free.LOL! TOO Funny! But the Fairtax spelling for tire is "tyre"....
Did you ask the tire shop if that included any "tax costs" he might be saving...You might have been able to get another 23% per tire...then he'd have to pay you to take them....
Ignorance is correctable but stupid is just...STUPID!
Too funny.
Anything you have to say from now on will be subject to the BS meter and will probalby fail. I used to respect you but that has long gone. Rob from Georgia indeed. I am groanup from Georgia and I have an open mind and an honest approach to these debates. You, sir, do not.
You should be incredibily ashamed of yourself. You are not honest nor are you worthy of a screen name on this forum. You are ESPECIALLY not worth of a screen name that includes my state.
And, you know, Hannity has dissed FR because he says we eat our own. Well, maybe I am eating our own. But why not? You are edible because you are certainily hovering above dishonest. Free Republic is 80,000 bullshit eating missiles. I am 1/80,000. I may have landed one and that is a reason to do a back flip.
You don't think it's you that pays for that,Pays for what? "tyres"[sic] bought and sold 5 times before the auto manufacturer purchases them....It's more of your illogical lunacy that isn't being bought.
BWAHAHAHAHAHAHA! What an idiot!
Ignorance is correctable but stupid is just...STUPID!Here's both. I don't expect you like minds to understand why though.
I saw a multitude of posts to you with legions of links and testimony.How does one give "testimony" on the workings of something that's never existed?...Just wondering.
BTW, the "testimony" for the 20% price reduction uses this line:
"Since producers would no longer pay taxes on profits or other forms of capital income under the NRST and workers would no longer pay taxes on wages, prices received by producers, shown in the sixth chart,would fall by an average of twenty percent.So, how does "workers would no longer pay taxes on wages" become a reduction in "prices received by producers" AND 100% paychecks?...
So which "testimony" is the lie? The price reduction? Or the 100% paychecks....HMMMM?
After "the change" he has to pay tax from the $55 he has left
NO! Geez you're thick! The $55 he has left has already had tax paid in BOTH cases. MY God you aren't really this obtuse.
I just don't see why you refuse to see this. I think you're playing some game.
If I as a service/product provider can charge about the same and retain the same take home, why would it be significantly different for anyone else?
So with my same takehome pay, I can buy the same stuff as before - because other service/product pro9vides can do about the same.
How can you ackknowlege the real world example in which a service provider brings home largely the same amount while charging the same, yet you somehow exclude any other srvice or product providers from charging the same and keeping the same take home?
I am convinced you're playing stupid.
The $55 I bring home pays the tax, yes - but it buys largely the same stuff because, as in the example, service/product providers charge largely the same prices including tax - just like now.
See how many hours you "drop off the thread" when this is pointed out.
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