Posted on 01/28/2006 1:15:41 PM PST by Eaglewatcher
"If you do junk the current tax structure to something far more simple, you risk throwing over a million folks out of work. The point I raised is whether it benefits the economy to throw over a million out of work to save the jobs of a couple of hundred thousand."
Well, now we know that you find the government teat sucking parasite to be more valuable to our economy than the productive private sector. Glad we cleared that up.
In that case, let's just continue to dilute the tax code to ensure that the tax industry expands and provides more parasitical jobs.
I'll bring the popcorn, you bring the tape recorder.
I see you are very famliar with Nightmare and his ways.My "way" is to post the opinions of a number of respected economists. Pigdog's way is to try and marginalize anything negative about the FairTax. Your way seems to be to accept whatever he says at face value. Did you even read his silly reply?
Does he have an alternative ever or is he just a SQL??Uh, the Flat Tax. That's the third time I've mentioned it to you in the last few posts. How is that not an alternative? Right, you've got to marginalize decent. If we don't love the FairTax we must love the status quo.
Point of note for you, mb, Nightie will flip-flop on whatever his "preferred" tax play might be between Flat and VAT depending upon which better suits his arguments du jour.
Usually, he proclaims he enjoys a non-specific (so he can't be pinned down) version of the Flat tax, but most of us now know that he really supports the Nightmare Flat (or Nightmare VAT) - which of course does not exist in the real world.
You'll no doubt spot the techinque.
I'd absolutely cherish seeing lewislynn, Your Nightmare and RobFromGa go head to head against ancient-geezer, Principled and phil_will1 in a live, in-the-flesh debate before a man-in-the-street audience.Let's make the crowd all economists. They wouldn't stop laughing at y'all's nonsense.
According to you ANARCHY would be better than the FairTax.
And, Nightie, have you given up your crusades on the Nightmare Tax??? Hard to believe that you're getting dangerously close to choosing a PARTICULAR tax play (of course, those of us who know your techniques know that isn't so at all).
Fair enough;
Will the Flat tax reduce compliance costs if so how much??
Will Your version of the Flat Tax stil keep the most Regressive tax of all the payroll Tax???
What is the Rate of your Flat Tax on individual Income?
On Corporate Income??
On Investment Income, Capital Gains Income, and Retirement Income??
What write offs or exemptions do you keep and what do you do away with??
IS there a flat exemption of $xx,000 dollars ?
Is their a deduction for local taxes or mortgage interest in your tax plan?? What is the affect on the Housing market? Do you have a study on that or just an intuitive answer - either is fine.
How does your Flat Tax affect the Senior with Savings Pre or Post tax Savings??
How does your Flat Tax encourage Economic growth and American Manufacturing?
You see I like a Flat Tax too. I just like it on Consumption at the Retail Level. Flat Income Tax is my number 2 choice but I don't believe it has the same Econoimc potential as the Fair Tax.
We may agree to disagree, but I would like to hear your answers if you have time?
" I suspect that in reality sales between individuals would not be taxed but sales by businesses specializing in used items would be taxed."
I'm not positive, but I would bet that the business specializing in this type of venture would either 1) pay the NRST on all of the items the need to run their business, since they would be the final consumer or 2) register as a business, become exempt from NRST on their purchases, then be responsible for the NRST on the service they provide. In other words, they either pay the NRST on the new goods they purchase or they charge their customers for the service and then collect the appropriate tax.
Point of note for you, mb, Nightie will flip-flop on whatever his "preferred" tax play might be between Flat and VAT depending upon which better suits his arguments du jour.BS. I've been a Flat Tax supporter for years. This is more of your crap. Pathetic.
Well, I'll be hornswoggled - I didn't realize that the Tax Tables described anything about retirement savings!
An audience of economists would be great. Let's throw in a couple hundred CEO's and CFOs from Global corporations.
75 economists endorsed the FairTax. And this...
Rep. Bill Archer, Chairman, House Ways and Means Committee:
"A recent survey was done, in Europe and Japan, of the major corporations and I was astounded at the results. They were asked, 'If the US abolished its income tax and went to a sales tax, would that have any impact on your decisions?' Eighty percent of the corporations said they would build their factories in the United States of America. Twenty percent said they would move their international headquarters to the United States of America."
There exists tax competition among governments. It's not a matter of if consumption-based sales tax will gain dominance the world over, but when, and which country will lead the charge and which countries will play catch up.
The United States must take the lead.
That's the short list. For more information see fairtax.org or search: "national sales tax" OR "national retail sales tax"
Sorry I did not see your post on Flat until after i sent post to pigdog.
Please see my post asking for you to flesh out your version of the Flat Income tax.
And if you like the Flat tax what do you think it solves that is wrong with the current system.
Interestingly, this was buried into the very end: "For the full year, net income surged to $5.71 per share from $3.89 per share in 2004. Annual revenue grew to $371 billion from $298.04 billion."
$36.13B/$371B=9.74% - Nothing out of hand here.....
Sorry, Nightie, but wrong once more (actually twice more).
It is your selective cut and pastes that are a joke ... a pathetic one, in fact. In addition I'm paid nothing for the work I do in destroying your idiocy.
" I suspect that in reality sales between individuals would not be taxed but sales by businesses specializing in used items would be taxed."I think the company would have to charge sales tax on the difference between what they paid for the used item and what they sold it for. Otherwise it would be easy to legally get around the tax. Example: if you were going to refinish a table, the business could "buy" it from you, refinish it, and then "sell" it back to you at a higher price and avoid the tax for the refinishing service. What about a used car with new tires? Does the business charge sales tax on the tires?
A Squirrel only ... but very funny sometimes since some of his "stuff" is so abaft of realism.
He's more than willing to make almost any outrageous claim as you'll eventually see.
It is your selective cut and pastes that are a joke ... a pathetic one, in fact. In addition I'm paid nothing for the work I do in destroying your idiocy.You're a legend in your own mind.
"A recent survey was done, in Europe and Japan, of the major corporations and I was astounded at the results. They were asked, 'If the US abolished its income tax and went to a sales tax, would that have any impact on your decisions?' Eighty percent of the corporations said they would build their factories in the United States of America. Twenty percent said they would move their international headquarters to the United States of America."You know, I've look long and hard for this "survey" and can't seem to find any record of it. I think this is B.S.
Plz allow me to interpret Nightie's "stuff" to same you time.
He LOVES to use the term "logical fallacy" BTW which is a "superflous redundancy" (and he doubtless doesn't even know what it means) and when he says Flat Tax he really means Nightmare Tax which is an esoteric tax concept known only to him (so he can make any sort of claim he wishes vis-a-vis the FairTax).
He's a slippery one but not as good at the Out-Of_context quotation game as Looey (though as you've seen; he tries).
So let's re-balance the equation with the more likely numbers:
$100 worth of product drops to $95. And with the Fair Tax added in it goes to $123.50. However to pay for the $123.50 worth of product, the Family is bringing home $118. They are $5.50 (or nearly 5%) behind.
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