To: Eaglewatcher
The rebate is paid monthly in advance which makes it a "prebate", and that's what it is called.
It would be one of the bigest boons to our economy in history.
not to mention personal freedom! No more gestapo - er, IRS hovering over our shoulders, no more April 15th! -
the GROSS pay check in the pocket - small business unfettered from matching emp. taxes and bookkeeping - able to hire more people....It's a win-win. Even the super wealthy gets the prebate but after the "living allowance' - they'll actually pay taxes! Want that shiny new yacht, pay the taxes. It's only on the "wants' not the "needs".
Illegals wont get the prebate and will be paying the tax from dollar one!
And second hand goods are NOT taxed. Buy a good second had car - NO tax. Print this out and READ it - and email to everyone. The only way we;ll get this through is to DEMAND it.
http://www.geocities.com/cmcofer/ftax.html
http://www.fairtax.org/
11 posted on
04/16/2006 9:31:40 AM PDT by
maine-iac7
("...but you can't fool all of the people all of the time," Lincoln)
To: maine-iac7
I really want to support the Fair Tax but I was surprised by the debate last night between Neal Boortz and a tax professor on CSPAN last night.
The biggest stunner was the discovery that the Fair Tax taxes interest above the Fed Rate on mortgages, credit cards, etc.
Evading the Fair Tax sounds like it would be shooting fish in a barrel. Form an offshore web site, sell whatever, ship in to the US, voila no collection of the tax.
I can even imagine boats just outside the three mile limit surrounding the country selling anything and everything "tax free". Likewise I can see rich people making their money here and then spending it abroad to avoid the consumption tax.
There is no doubt the current system is terrible.
Also discussed by the tax prof is the history of Congress turning every tax law into a Christmas tree. As he correctly pointed out there is no reason to believe they wouldn't amend the Fair Tax to death to exempt A,B,C and D which in turn would raise the rates on everything else.
The current system is an abomination.
The Fair Tax would be an improvement.
But everyone needs to keep their head here--there are big big issues that have not been resolved with this proposal.
12 posted on
04/16/2006 9:42:12 AM PDT by
cgbg
(When you hear the words "gender" or "stakeholder" run for your life!)
To: maine-iac7
I really like the Fair Tax, except for the rebate/prebate.
One of the positive aspects of the Fair Tax is to relieve the gov't of the need to monitor personal income, but the rebate will maintain this gov't intrusion into our personal business.
Also, the rebate is ripe for abuse, & will require a huge bureaucracy to administer. Actually, it is just a mirror image of the current system, & I don't like what I see in the mirror.
The rules of the rebate will be manipulated by pols, as the current system is now. I see it is already being manipulated, as the reference to the marriage penalty is new to me. This is stupid to me, as it is obvious that married couples will have a tax advantage over 2 single people when purchasing anything that could be shared such as appliances, furniture, housing, etc.
I would much prefer that some sales are not taxed, such as food, shelter, & medical, etc. This is currently being done in some states with sales taxes, & has worked well for years. This treats EVERY citizen equally, & any changes to what is taxed cannot be used to target groups or constituencies - the changes apply to everyone.
19 posted on
04/16/2006 10:59:13 AM PDT by
Mister Da
(Nuke 'em til they glow!)
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