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To: RobFromGa

I just got finished reading "Flat Tax Revolution" by Steve Forbes. I have to say after reading that book I'm convinced more than ever that the Flat Tax is the way to go.

I still want to read the FairTax book to get a balanced perspective, but I'm a bit worried that the FairTax as I understand it may compel purchasers to buy used products whenever possible -- much like those who bought used cars and boats when the luxury tax was enacted -- and really hurt the new construction market.

The tax on services will mean that many things will get even more expensive, like college education. Moreover, even things the U.S. Government buys, like office supplies and fighter jets will have that extra overhead attached.

If you can find a copy (I got mine at my local Costco) I highly recommend reading "Flat Tax Revolution".

The fact that former Soviet satellite countries are implementing it and watching their productivity go through the roof seems to indicate that this is the way we should seriously consider.


15 posted on 08/22/2005 7:53:40 PM PDT by Crolis (Molon Lave)
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To: Crolis
I just got finished reading "Flat Tax Revolution" by Steve Forbes. I have to say after reading that book I'm convinced more than ever that the Flat Tax is the way to go.

Remember, our current tax code started as a flat tax on a very select and small portion of the population.

And we all know how well that flat tax worked out and how flat it stayed.

70 posted on 08/23/2005 6:47:47 AM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Crolis; cowboyway; teenyelliott
even things the U.S. Government buys, like office supplies and fighter jets will have that extra overhead attached.

Incorrect.

No "extra overhead."

The sales tax is embedded in the price.

82 posted on 08/23/2005 9:08:17 AM PDT by Finger Monkey (H.R. 25, Fair Tax Act - A consumption tax which replaces the income tax, SS tax, death tax, etc.)
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To: Crolis

"The tax on services will mean that many things will get even more expensive, like college education."

Incorrect - educational expenses are treated as an investment under the FairTax and are not taxable. Because education will be paid for with pre-tax dollars, it will be more affordable under the FairTax.

"Moreover, even things the U.S. Government buys, like office supplies and fighter jets will have that extra overhead attached."

They already have imbedded taxes in them and would continue to do so under the flat tax. The biggest difference is that the taxes that the government would pay would be more visible under the FairTax than under the current system - or the flat tax.


86 posted on 08/23/2005 9:28:31 AM PDT by phil_will1 (My posts are in no way limited or restricted by previously expressed SQL opinions)
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To: Crolis
A flat tax is still an income tax. The fair tax is simply a sales tax. For most of American history, the federal government was funded by indirect taxes. Our current income tax is a legacy of the socialist era and its primary aim is to stoke class envy. Why, you can't be too wealthy; if you make more than a certain amount of money, we'll take it from you to make sure you don't make more than the next guy. That's the idea behind a tax on income. In contrast, the fair tax is a consumption tax. You get to keep your money and its taxed ONLY if you spend it. If you save it, you can accumulate wealth to pay for future business growth, your child's college and for your retirement. Now that's how a rational tax system should work. And what's the best thing about the fair tax? No more IRS wheedling itself into every nook and cranny of our lives. How much we make, where we make it and what we do with it, apart from spending it, ought to be NONE of the government's business.

(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
100 posted on 08/23/2005 9:58:30 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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