Fred and the Fair Tax ping.
Looking good. Hope there is follow thru, should he be elected.
I saw the video and I’m not convinced. It’s impossible to tell for sure what he was saying “yeah, absolutely” to.
Plus it looked more like a glad-handing brush off than a thoughtfully considered answer. For all we know, he was answering someone asking him “are you glad to be here, Fred?” The way he answered it would have been in line.
Our deep-pockets Congress would never pass such a bill. There’s too many uninsured children and lazy-ass unemployed unwashed couch monkeys out there to feed.
Fair Tax ping!
HELLO! Fred just got my vote, case closed, thank you.
The UnFair Tax is a pipe dream.
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Amazing that anybody could call a 23 percent sales tax a “fair tax”. That’s the fundamental problem with the national sales tax. It’s about 15% to much.
One of the major problems with an excise tax is that it cannot be financed. For example: you buy a car, you can finance the vehicle price, but not the sales tax. No biggie, right? It's 6-8% most places, the dealers/finance people drop your down payment to zero most ways these days if your credit is OK, and off you go minus the tax + license + nonsense fees.
When the tax is upwards of 20% that ain't gonna work.
So what has to happen to make a national, or even state tax work that supplants income and/or property taxes is to make it incremental with payments. That can be done within the laws; people already do that in an oblique way with a lease.
But the rule is that banks won't finance taxes. So somehow the laws plus the rules have to change that.
And as for Fred saying he's down with something, all I can say is....we'll see what he or whoever does when they get into office.
If true, that’s a good sign. However, the Fair Tax plan is irrelevant as it will never see the light of day. What’s important is not this piece of legislation but the desire to reduce taxes within the existing system.
I am sorry but 23% is too forking high.
Try 10% and then I’d say okay. 23% is friggin socialism. I’m paying a lot less under the current system. I want my taxes to go DOWN, not UP.
a sales tax only hits the middle class, it is a DISASTER. The illegals and lower class will buy everything on the underground economy.
Well,I don't think that's very likely.
Did Fred Thompson Take 'Fair Tax' Pledge? Proposal Would Replace Current Tax System w/ 23% Sales TaxFairtax supporters like to compare their rate to the income tax. So the Fairtax income tax rate is 23%
The "sales tax" rate would be 30%
I call BS. This is an edited (very poorly) video, where he asked some quastion, cut to another scene (background noise splits, easy fix, this person didn’t even try to fix that). If anyone believes this video for a second, they are looney. Maybe he supports it, maybe he doesn’t. He has said recently that he is open to learn more about ‘Fair Tax’, but never got close to endorsing it, and I do not think he will.
-Chris
The Fair Tax may be good for the country, ultimately, but it’s going to mess me up seriously. The way I have my deductions organized, I don’t pay nearly that much now.
Don’t know if that was the question he was answering, and honestly I don’t have a firm opinion on our tax code....other than reducing programs e.g medicare/medicaid and SS. I think in the long-run, such reductions and capital efficiency may work better than any tax code by itself.
We can’t keep growing and worrying about reducing taxes. We need to stop the growth and properly allocate those revenues back to the people so they have more financial strength.
Fred is not going to run......and even if he did the DEMs are now 74% likely to win the WH and plus gain seats in both houses of Congress to record amount of seats in Congress owned by one party...face FRed supporters Fred Thompson is not the second coming of Ronald Reagan....
In the thread about this last week, where Fred was ‘quoted’, it sounded more like he was saying ‘Yeah, the tax system is something we really need to take a look at’. It sure didn’t sound like he was taking any sort of pledge, which he shouldn’t, without any solid information before him.