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One Simple Rate
The Wall Street Journal Opinion Journal ^
| Sunday, August 21, 2005 12:01 a.m. EDT
| Steve Forbes
Posted on 08/21/2005 1:01:15 PM PDT by sportutegrl
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Okay, this is Forbes Flat Tax Proposal. I prefer it to the sales tax, "fair tax". We need to get rid of the Alternative Minimum Tax, too.
To: sportutegrl
BTTT
The confiscatory and unfair IRS must go.
To: sportutegrl
I'd be for simplification, but I wouldn't support eliminating the home-mortgage interest deduction unless the statutory rate drops very significantly.
3
posted on
08/21/2005 1:11:38 PM PDT
by
nj26
To: sportutegrl
the current system is very useful for trying to force human behavior in one direction or to carve out exemptions in exchange for campaign contributions. The only way it will be changed to a flat tax is either with massive public outcry or the republican party growing some brains and cajones and doing what they always claimed they'd do if they were in power.
I don't hold out much hope for the latter.
4
posted on
08/21/2005 1:15:03 PM PDT
by
flashbunny
(Always remember to bring a towel!)
To: sportutegrl
5
posted on
08/21/2005 1:24:04 PM PDT
by
Fiddlstix
(This Tagline for sale. (Presented by TagLines R US))
To: sportutegrl
Okay, this is Forbes Flat Tax Proposal. I prefer it to the sales tax, "fair tax". We need to get rid of the Alternative Minimum Tax, too.
I'm all for the fair tax rather than the sales tax. Not only does it sound fair but it would be easier to implement than the sales tax idea.
6
posted on
08/21/2005 1:29:03 PM PDT
by
adorno
To: nj26
I'd be for simplification, but I wouldn't support eliminating the home-mortgage interest deduction unless the statutory rate drops very significantly.
One of the ideas in the Forbes plan is that you can continue filing as you do currently which includes mortgate deductions. He is convinced that once you realize that you will end up ahead with the fair tax, you will forget about your precious mortgate deductions and the current system..
7
posted on
08/21/2005 1:32:40 PM PDT
by
adorno
To: sportutegrl
Okay, this is Forbes Flat Tax Proposal. I prefer it to the sales tax, "fair tax". We need to get rid of the Alternative Minimum Tax, too.The Fair Tax eliminates the AMT. And the payroll tax. And the Social Security tax. And the capital gains tax. And the "death" tax. And other taxes as well.
Buy Boortz/Linder's book. You'll be amazed.
8
posted on
08/21/2005 1:36:12 PM PDT
by
upchuck
("If our nation be destroyed, it would be from the judiciary." ~ Thomas Jefferson)
To: nj26
but I wouldn't support eliminating the home-mortgage interest deduction unless the statutory rate drops very significantly.How about to 0%?
Check out the FairTax. (HR25 in the House, S25 in the Senate.)
9
posted on
08/21/2005 1:38:33 PM PDT
by
ovrtaxt
(Fairtax.org)
To: adorno
The Fair Tax is a National Retail Sales Tax.
Fairtax.org
10
posted on
08/21/2005 1:39:54 PM PDT
by
ovrtaxt
(Fairtax.org)
To: sportutegrl
If they keep income tax, the must repeal withholding. Everyone in this nation should have to pay their income tax by check, just like business owners and the self employed.
To: ancient_geezer; Principled; Bigun; pigdog
12
posted on
08/21/2005 1:40:30 PM PDT
by
ovrtaxt
(Fairtax.org)
To: adorno
One of the ideas in the Forbes plan is that you can continue filing as you do currently which includes mortgate deductions. He is convinced that once you realize that you will end up ahead with the fair tax, you will forget about your precious mortgate deductions and the current system.No Fair! :)
You wrote "Forbes plan" and "fair tax" in the same comment as if they are the same plan. They are not. The "Flat Tax," favored by Mr. Forbes and the "Fair Tax" are two entirely different plans.
13
posted on
08/21/2005 1:40:42 PM PDT
by
upchuck
("If our nation be destroyed, it would be from the judiciary." ~ Thomas Jefferson)
To: sportutegrl
The problem with the Flat Tax is that it's still a tax on income, and the IRS still exists.
Taxing income is Marxist, statist, control freakish, whatever you want to call it. It provides a mechanism for the government to control our affairs. Taxing consumption is a freer arrangement.
14
posted on
08/21/2005 1:43:36 PM PDT
by
ovrtaxt
(Fairtax.org)
To: adorno
Not only does it sound fair but it would be easier to implement than the sales tax idea.No different from a state sales tax collected on every purchase. Or the gasoline tax. The difference on many taxes and fees is that they are buried in the receipt. Look at your phone bill sometime.
15
posted on
08/21/2005 1:46:47 PM PDT
by
Cobra64
To: MediaMole
If they keep income tax, the must repeal withholding. Everyone in this nation should have to pay their income tax by check, just like business owners and the self employed. Uhhh,,, the sheeple might figger out that they are paying taxes. Joe Six-Pack just looks at the Pay To The Order line and the $xxx.xx and cashes his check.
16
posted on
08/21/2005 1:48:59 PM PDT
by
Cobra64
To: sportutegrl
Hard to see either a national sales tax or a flat tax going anywhere in Congress. Too many special interests profit from the current arrangement, where various scams can be hidden in the bowels of the tax code without the taxpayer even realizing it. In addition, without amending the Constitution, any tax reform will be effectively wiped out by Congress re-complicating the tax code within ten years.
17
posted on
08/21/2005 1:50:45 PM PDT
by
Phocion
("Protection" really means exploiting the consumer. - Milton Friedman)
To: Cobra64
Which is why they will never repeal withholding.
18
posted on
08/21/2005 1:52:43 PM PDT
by
Phocion
("Protection" really means exploiting the consumer. - Milton Friedman)
To: Cobra64
Darn, you figured out my sinister plot.
There are people in this country who think that they pay no taxes and get free money from the government in April. They are stupid people, but they do exist.
To: upchuck
The Fair Tax eliminates the AMT. And the payroll tax. And the Social Security tax. And the capital gains tax. And the "death" tax. And other taxes as well.The NRST is merely an expansion of L. Ron Hubbard's cult of tax-fraud.
The supposed "benefits" are just as convoluted and deceptive as anything else that Scientology has to offer.
You can read about it here.
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