It would be intolerable if it were true. It's not.
Illegal immigrants and criminals would have to pay taxes
They pay taxes now every time they purchase something here - don't forget those embedded taxes!
It would remove the tax subsidy to foreign companies for aquisition of American companies (Think Daimler-Chrysler)
So Chrysler goes under instead? That's better?
Of course, the bill the does nothing to repeal the 16th Amendment, so we would probably be stuck with both a federal sales tax and the income tax. Not good.
And, the bill does nothing to rein in government spending at all. Which is worse: out-of-control government spending or excessive and exorbitant taxes to pay for out-of-control government spending?
How do you know?
They pay taxes now every time they purchase something here - don't forget those embedded taxes!
Yeah, so do we. But they don't spend hours on tax returns and stroke a big check every year. We do.
So Chrysler goes under instead? That's better?
All of the economists I have read say that the fair tax would be a huge boon to the economy. What's good for the economy is good for Chrysler.
Of course, the bill the does nothing to repeal the 16th Amendment, so we would probably be stuck with both a federal sales tax and the income tax. Not good.
Of course the bill is predicated on repeal of the 16th.
And, the bill does nothing to rein in government spending at all
Invalid point. It doesn't cure cooties either. It merely replaces the income tax. We'll deal with spending on another thread.
Tha amount of taxes that those in the illegal economy pay via the embedded taxes is vanishingly small since only the portion represented by the profits of the seller are taxed; the balance is merely the increased cost to the purchaser and not tax revenue.
the FairTax bill doesn't need o repeal the 16th (in fact, cannot since a repeal bill has greatly different requirements from a tax bill - as does a spending bill). The bill does eliminate the income/payroll taxes (along with others), the IRS, and requires the destruction of tax records. It also calls for the repeal of the 16th,
Altering the tax system help taxpayers get back in control of government spending while leaving it in the manipulative hands of the pols does not at all - and never will.