Posted on 06/29/2007 5:17:36 PM PDT by Man50D
That's an interesting argument.
Do you disagree that the FairTax is going to be revenue neutral, or do you think all those greedy corporations are going to experience some windfall profits?
That's what I'm trying to figure out.
You know, you have a rather irritating way of making an argument. I'm not taking a quiz or doing your thinking for you.
Well, on the Federal level, the only taxes I can think of are the corporate income tax and the company's portion of Social Security. If you can't come up with additional Federal taxes, then prices may not fall as much as some FairTaxers are claiming.
If you say so. Why don't you explain again how cascading turns the 3% (approximate) economy wide Federal corporate income tax into a cost of 8.58% (in only 3 steps!) to the economy. That was funnyNot only that but using his logic and calculations (that's a laugh in itself) if there are enough stages we can get over 100% price reductions by replacing the income tax with the Fairtax.
When I called him on that, he said they were someone else's calculations. LOL!
Now he won't show me (or can't) how this so called cascading works. Did he defend it before? Being new to these threads, I don't know where everyone is, historically.
if there are enough stages we can get over 100% price reductions by replacing the income tax with the Fairtax.
The good news is, with all those stages, corporate profits could be over 300% of GDP. Buy stock!!!
Historically, we’ve been over cascading many many times- not to mention any other aspect of the FairTax that you want to try to pick apart. It’s so simple, I’m amazed that it’s even an issue.
But some people don’t like to listen, because they have a vested interest in maintaining the income tax scheme. So this stupid chain-jerking debate continues.
The embedded tax burden we refer to is reflected in all three: lower wages, higher prices, and lower profits.Hmmm, lower profits in a record high stock market being bought with lower wages...interesting.
Do you disagree that the FairTax is going to be revenue neutral, or do you think all those greedy corporations are going to experience some windfall profits?You'll have to explain how the corporation removed from the tax rolls, greedy or not, would play a roll in the revenue neutral scheme of things.
Were you saying something about quizzing?
Did he defend it before? Being new to these threads, I don't know where everyone is, historically.Not only he, but they all will defend every lie and falsehood uttered about their Fairtax..it's a cult thing....You know, one lies the other one swears to it.
And of course if you question them, there's the constant drum beat from the numbskulls of "you're for the staus quo".
Historically, we’ve been over cascading many many times-Great, then you should have no problem showing a viable example of how it works. That and not any Fairtax bullshit is what he wants to see.
This is where I'm told it's been posted hundreds of times and you aren't going to waste your time trying to explain it again (which would really be explaining it for your first time).
Great. Do you agree that the tax on corporate profits is about 3% of total sales? If not, what % of sales have you determined it to be? Thanks.
I will. he’s my congressman. Ialso take a run at Scott Garrett-He’s the congressman for NW NJ. Both are pretty conservative. If it wasn’t for Newark Camden and Trenton, NJ would be pretty Red.
http://fairtaxgroups.com/index.php
and find out what this Fair Tax is all about before they call it and its authors bad names.
Whadda you think>
Go there rather often to get the latest.
Took a look at your profile -- when are you going to publish that info here on the forum?
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