Exposed hear on Free Republic first by RobFromGa.
I didn't here a thing...
So if my Fed taxes go up,that means my hourly wage MUST go up?
So if my Fed taxes go up,that means my hourly wage MUST go up?
It's nice to see the author had no agenda. You couldn't possibly interpret him as a tax-and-spend liberal based on little statements like
"Just eliminate most federal taxes -- income tax, Social Security tax, corporate tax, what's left of the estate tax -- and replace them with a big, fat national sales tax."
or
"...and points out that a decade ago nobody in Washington thought the estate tax was vulnerable either."
I love watching the word choices authors use. It tells you so much about their politics.
"Counting Social Security and payroll taxes, your marginal rate may be north of 30 percent."
As though there is some doubt.
"They make a very big claim that isn't debatable at all. It's just wrong."
Not debatable ? We debate it all the time. This is just the author's conclusion and that of Dale Jorgenson. Yawn.
Oh, and a "tax law professor". As though he would be impartial when his livelihood depends on the arcane mess we have now. He's not an economist, and he would apparently say the same thing to a company that proposed using a more efficient method for anything -- "It is practically and logically impossible for the [any entity] to be collecting the same amount of money as before and have everyone suddenly be better off." Sure. Try telling it to the company that kept it's books with paper and pen 50 years ago. Try telling them there is no such thing a productivity gain. He apparently puts zero value on all the labor his own students will ever perform. Won't they be surprised when they hear it ?
For a tax proposal to be revenue neutral, the Feds will be getting the same revenue before as after. Since the individual is the only "real" taxpayer in the system, your real taxes will not be reduced. They will probably go up, because the leisure class will be able to avoid even more taxes.
My guess is that these "fair tax" people are going after the one time buldge in tax receipts they will get from the double taxation of the retirement savings from the "baby boomers" about ready to retire.
How is $80,000 now and $80,000 under a NST a smaller paycheck if prices are reduced by the same percentage???
Not this shit again. There is no connection between wages and taxes paid by the employee. There just isn't. The company is already paying the wages. It is the taxes paid by the company that make the price go up. remove the taxes paid by the company, and the price goes down. Then the added sales tax makes the price return to where it was. Sheesh.
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