Posted on 05/05/2006 1:35:32 PM PDT by RobFromGa
Have you seen people in poverty?? They don't spend.
Whether it's people on a fixed income or those who don't have an income.. they don't spend unless it's completely necessary. ANY sort of a prebate would be welcome.
By the way, I see your bias in the comments like "fairy tax". Are you still keeping an objective eye to the facts or are you just running your position into the ground?
Abolishing the 16th is a step in the right direction.
Spoken like someone who has an unbelievable love affair with the income tax.
How do you like being required to report all of your personal business affairs to your government?
Do you see no value in no longer being required (at the point of a gun) to do so?
I see you're still in tenth grade with your buddiesEternalVigilance: "You must have went to Clown School".
Wow! you should be very careful with your comments about someone elses level of education...Or ain't you had no learn'n?
How do you like being required to report all of your personal business affairs to your government?So, again, you refuse to answer the question (you even changed the question), so I'll ask again - "how long did it take you to do your taxes."
Do you see no value in no longer being required (at the point of a gun) to do so?No one has ever pointed a gun at me to force me to report my income. That's just more of the standard EV hyperbole.
You have no interest in honest dialogue.
Nothing new there.
I posted a whole comparison sheet for you to look at. Get back to me when you want to discuss particulars. I won't hold my breath.
You have no interest in honest dialogue. Nothing new there.Me not interested in honest dialog? I've answered your questions. You've refused to answer mine. Who's not interested in honest dialog?
(Denny Crane: "Every one should carry a gun strapped to their waist. We need more - not less guns.")
Well then why have the fairtaxers been using that Jorgenson quote for the last 10 years.
Perhaps you would like to point out the precise "Jorgenson quote" in the '96 tesitmony to which which you suggest is being used.
It is understandable that replacing all payroll taxes (i.e. SS & Medicare) as well and implementing a sales tax rebate to all legal residents as the Fair Tax Act HR25 does would improve performance even more. This is especially true considering that Jorgenson's simulations make no provision for removal of the cost burdens of tax compliance, legal and audit costs, or of tax planning and implementaions of tax avoidence mechanisms at all.
The only thing I see in his '96 testimony (to which his statements to RobFromGa refer) is a reduction in producer prices. Testimony in which he makes no mention of any effect with regard to wages. In other papers and studies he suggests lower price to the consumer combined with the tax producing an overall increase in consumer purchasing power of 3% in the first year rising to 10% in out years through an implementation of NRST replacing only income taxes.
Replace both income and all payroll taxes, add provisions for sales tax rebate, as is easily perceived the potential for even better results will be substantially increased.
I did nothing of the sort. A moment ago, you agreed
I personally wouldn't care if the tax percentage was 50%...Now, suddenly, it's the rate that's important...
...make up your mind.
You claim the visibility of a retail sales tax is key, yet you can't even hazard a guess as to how much retail sales tax you paid ... the tax is "hidden in plain sight" much like it would be under the FairTax. It's the equivalent to death by a thousand cuts: no one cut kills you, but after a while you lose count, lose consciousness, then lose it all.
As for my income tax, I know EXACLY how much Federal Income Tax I paid; I know EXACTLY how much payroll tax I paid, and EXACTLY how much payroll tax my employer paid on my behalf.
The only indirect tax I paid was the portion of Business Income Taxes owing directly to the Corporate Income Tax. Since the Corporate Income Tax accounts for less than 1% of the price of goods and services, you can treat my share of that tax much like you treat the FairTax. I paid less than an additional 1% of my disposed income. (In 2002, $153 Billion in Corp Income Tax was paid on $17,545 Billion of business receipts - prices: tax was 0.88% of price.)
Now; How much did you say you paid in California Sales Taxes??? Any clue??? I's right there on your several hundred receipts.
We'll work on that...when you get around to the many dozens of important issues I've raised to you and your buds...with nary the chirp of a cricket to show for it...over the last couple of years.
Simplicity.
Visibility.
Benefits to savings and capital formation, and thereby to productivity levels.
Efficiency.
Benefits towards remedying our trade imbalances, and finally forcing foreign producers to pay to play in our market, the largest in the world.
Benefits in the world market to our manufacturers.
Fairness/equality/equal protection of our laws.
And finally FREEDOM.
People who shill for the Income Tax and IRS hate freedom...
No you don't. Not even close.
Neither plausable, or feasible. The economy would crash instantly.
I paid whatever percentage the state and locality I was in collects.
Like most of your assumptions, your assumption that I live in CA is faulty.
The only income they make is social security. At least that's what my grandparents make. Had they not saved over the years, they'd be screwed right now under the CURRENT POLICY.
My Granparents pay property tax, auto insurance, medical insurance payments, pharmacy bills, Dr bills etc...
They are extremely frugal. That's how they have income now to live and survive. They grow a good portion of their own food. They do not spend unnecessarily as I do. If they had 2K a year in prebate, they'd pay for their insurance costs alone.
Thier biggest expense is paying for their medical supplements.
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