Facts on Fair Tax show it's a great idea

Tribune & Georgian ^ | 9/16/2005 | Jay Moreno

[pigdog]

Recession probe??? Then why has every economist who has reviewed the plan agreed that it would be economically beneficial and help bring about an improved climate of savings?

Also, you must not be aware of the evasion that goes on at present in the form of the illegal economy (drug dealers, illegal aliens, etc.) who will help out with tax "contributions" under the FairTax when they buy things at retail whereas they're basically a big zero right now. In addition the costs of compliance with the FairTax are dramatically lessened - being basically zero for almost all taxpayers.

It's actually an excellent idea.

[Mikey]

I believe I'm on the ping list?????? If not, put me on it ole ' ancient one.

[kellynla]

BTTT

[Your Nightmare]

I can't believe y'all are still trying to pimp this book when it's admittedly full of lies.

On second thought, I can believe it. It's just par for the course for FairTaxers.

[Mikey]

"Hopefully a fair tax means a single tax on income of all types, no exclusions."

That's the beautify of it. Its strictly a tax on the articles of consumption ONLY, and only at the retail side. Plus it doesn't tax used goods, only new.

[ancient_geezer]

U'r on it now!! ;O)

[pigdog]

I can't believe you're still trying to pimp against the book, claiming it is "admittedly full of lies". The Squirrels are the ones doing the "admitting".

On second thought, I can believe it; it's just par for the course for Squirrels. Seems they're against things beneficial to our economy.

[EternalVigilance]

I can't believe y'all are still trying to pimp this book when it's admittedly full of lies.

Which is in itself a lie.

Can you show me where Boortz or Linder has admitted that their book was 'full of lies'?

It would take a quote exactly of that nature for your statement to be 'TRUE'.

Fact is, the extent of their 'mea culpa' was that they should have been more clear on one minor point.

But y'all proceed with your usual exercise in straining at gnats while swallowing smelly, stinky camels...

[Your Nightmare]

Fact is, the extent of their 'mea culpa' was that they should have been more clear on one minor point.

Are you really trying to contend that they just weren't "clear" on the issue and that it was a "minor point"?


You FairTaxers just kill me. LOL!

[upchuck]

FWIW, Neal Boortz has published info correcting some errors of omission in the book. Here's a link.

Later on he writes:

Double-Taxing those who have already worked and saved for their retirement. This one is so easy; I just don't know why some people are having trouble grasping it. Retirees who have are living off their savings are still paying taxes. They're paying the embedded taxes present in everything they buy. Those embedded taxes will simply be replaced with the embedded FairTax. Virtually an even swap. Retirees will not be paying any more in taxes than they're paying now.

For people who are living on pretax retirement savings this is true. But I don't believe it is true for those living on post-tax retirement savings such as a Roth IRA.

Twice now I have heard Neal on his radio show spar with callers about this. And both times he has just swept it under the rug, cut off the caller and gone to a break or taken the next caller.

[pigdog]

So much for your "full of lies" comment ... it's been replaced with carping about whether or not something is a minor issue.

You misstating, full-of-hyperbole Squirrels just kill me. LOL!!

[Always Right]

Twice now I have heard Neal on his radio show spar with callers about this. And both times he has just swept it under the rug,

And he should. The fact is after tax prices are going up if the fair tax ever becomes law. Anyone with any kind of savings will see the buying power of that money significantly reduced. Boortz has now admitted that prices can't come down like he says in the book (unless employees miraculously agree to a pay cut). Incomes will go up to offset these price increases, but those relying on savings will be hurt. No amount of tap dancing will change that. If I was Boortz, I guess I would want to change the subject too.

[Always Right]

So much for your "full of lies" comment ... it's been replaced with carping about whether or not something is a minor issue.

Minor issue???? Misrepresenting 'embedded taxes' by $1.3 Trillion is hardly minor. An error equivalent to more than 10% of our entire economy. Minor issue, good one pigdog.

[ancient_geezer]

But I don't believe it is true for those living on post-tax retirement savings such as a Roth IRA.

What acts to prevent a retired person withdrawing money from a Roth from paying the tax burden that embedded in the price of all goods and services under the current tax system?

That is an automatic second taxation, not to mention the corporate taxes that are paid on earnings before dividend distributions in Roth equity investments.

[Always Right]

Can you show me where Boortz or Linder has admitted that their book was 'full of lies'?

Actually they just admitted to one lie, but that little misrepresentation was the basis of several chapters in the book. A $1.3 Trillion misrepresentation.

[pigdog]

Speaking of lies, note that the poster with the quaint number of 1.3 Trillion is spouting the SOS again. Nothing like a tad bit of hyperbolic overstatement.

He also doesn't undertstand what a minor issue is when confronted with one. Next thing you know he'll start his namecalling tirade.

[Always Right]

The Squirrels are the ones doing the "admitting".

I see a few fairy taxers are still in denial. You fairy guys need to stop snorting that pixie dust.

[pigdog]

See what I mean ... check #37. He just couldn't wait to get started.

A truly intelligent commentary.

[Always Right]

Speaking of lies, note that the poster with the quaint number of 1.3 Trillion is spouting the SOS again. Nothing like a tad bit of hyperbolic overstatement.

Actually it is an understatement, the real number is $1.33 Trillion according to the latest IRS numbers for the amount the fairy taxers have conveniently told us were not included in 'embedded taxes', but Boortz today said that they were.

[Always Right]

See what I mean ... check #37. He just couldn't wait to get started.

If you are going to call us names in every post, you are going to be fairy taxers. Get used to it queen of the fairy taxers.