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To: Bigun
Naysayers railing against the FairTax become, ipso facto, defenders of the INCOME TAX system.

Not at all.

Prof. Larry Kotlikoff believes that the current tax system IS bringing the country to nothing less than an "economic meltdown" by virtue of the invisibility of actual taxes paid. If Americans do not understand the true cost of their government, they're unlikely to hold Congress accountable - thus the enabling mechanism to continued profligate spending.

That I can agree with. Now all we have to do is fix the Fair Tax concept so we can accept it.

Is that so hard or are the Fair Tax advocates so wedded to this flawed concept that they can't see any way to improve it?

That an monthly advance tax rebate is the same thing as "being on the dole" ?

It is for the large number of people who will not end up earning or spending beyond that.

Let us work, together, to end the enslavement of the Tax Code and to restore Liberty to America's working families.

I agree. Fix the obvious flaws in the Fair Tax and I'm on board.
221 posted on 08/27/2007 7:49:04 PM PDT by Filo (Darwin was right!)
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To: Filo
That I can agree with. Now all we have to do is fix the Fair Tax concept so we can accept it.

When you expose a legitimate problem with the FairTax I don't know of a FairTax supporter who would not seek to address it but PLEASE keep in mind that the key word in that sentence is LEGITIMATE.

I have read a number of your posts to this thread and cannot find any such fault that you have exposed. You do seem to not realize that your after tax savings are taxed again today under the income tax just not openly.

• The FairTax ensures Social Security’s soundness by funding it with a progressive, broad-based national retail sales tax, rather than the current regressive, narrow payroll tax.

• The FairTax rebate zeros the retail taxation of necessities, up to poverty-level spending, for seniors.

• The FairTax repeals the taxation of Social Security benefits and adjusts Social Security indexing to protect seniors.

• The FairTax ends all record keeping and income tax filings of any kind for seniors, totally insulating them from the high costs and abusive tactics of tax preparers.

• The FairTax does not tax used goods, giving low-income seniors choices.

• The FairTax reduces manufacturers’, services’, and retailers’ costs, allowing them to lower costs to seniors.

• The FairTax delivers a tax holiday on IRAs and other tax-deferred plans.

• The FairTax ends gift and estate taxes, along with all of the unfairness to heirs and complex planning for those who earned the money.

• The FairTax allows seniors to sell their homes and pay no capital gains taxes.

• The FairTax generates an economic boom, which eases future budget pressure on seniors’ entitlements.

• The FairTax lowers average remaining lifetime tax rates.

• The FairTax ensures your grandchildren have the same opportunity you did.

232 posted on 08/28/2007 5:15:33 AM PDT by Bigun (IRS sucks @getridof it.com)
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