Posted on 08/28/2007 4:39:18 PM PDT by Bigun
Oh boo-friggin-hoo... insult every intelligent person on the thread two or three times over and now you’re playing the victim?? Please cry us a river.
Grow the hell up (seems you couldn’t read it the first time)
Okay Einstein, let’s see your math.
"As long as the government confiscates an unfair percentage of GDP, no tax system can be fair."
--- A well known fact once espoused by Neal Boortz
Her or his comments were over the top.
Also no intelligent people were insulted by me, just the delusional non-thinking gnats.
Yes you are definitely in that category.
The statement is true. The FairTax is fair because it taxes everyone at the same rate. But the level is not fair just as the present system of taxation is not fair.
Is it fair to tax everyone at the same rate? Yes.
Is the FairTax level of taxation fair? No.
Is the present level of Income taxation fair? No.
Got any more questions? Yes.
Got any intelligent questions? No.
Got any intelligence? No.
I'm not sure exactly what he is suggestingI think in his mind he isn't suggesting anything. I think he thinks it's a done deal that they are going to test the Fairtax in a few states.
So I guess the federal income tax code would be suspended/repealed for those states and anyone working in those states wouldn't have any deductions and somehow everyone selling anything in those states would, as if by miracle, be able to reduce their prices ( per the Fairtax mindset/mantra)
Bizarre huh?
were you answering my post?
Oh really? I am wrong? Says who? You?Simple wording in the bill (the one you've never read) proves otherwise.The NRST doe NOT tax existing federal excise taxes and state sales taxes
Enlighten me on the prebates, and the need for them as an integral part of the Fair Tax plan.The rate is inflated by about 23% to pay for it. Do you want to pay 23% more tax than what is actually needed to fund the government.
The (GAG!) "prebate" would just be one more huge entitlement.
I think it would be interesting to live in the state with no income tax, and shop across the state-line tax-free. I wonder how long before they put up barbed wire around the state and checkpoints at the border?
Beyond bizarre and into totally goofy territory. But then...
I wonder how the state(s) would be selected and over the state line buying would be controlled.
I wonder how long before they put up barbed wire around the state and checkpoints at the border?LOL. I know, they'll have to lock the sales tax state residents in to keep them from shopping across the state line...Or would it be the other way to keep everyone out of the free lunch state?
I certainly apoligize for my “sophmoric” posts or questions “packaged in sniping comments”....and I’m sorry if I’m not a Fair Tax kool-aid drinker. My position is what’s behind door #3, #4, #5, or #6? As it is proposed, Fair Tax has no chance, IMHO, in this country for political and legal reasons. Repealing the 16th amendment would take longer for 38 states to ratify than we will be debating this proposal. I looked at it 3 years ago, and did not come to any conclusions and let the debate take its course to learn more and to give the proposal a fair chance. It should not be written in stone and proponents would be wise to look at some of the ideas presented that may make a good thing better. If I had 2 choices: Fair Tax or the current income tax, I would choose the former, but I do NOT have only 2 choices. Last post to you.
From your byline, I can say that it really is the spending, which is precisely why I would not support Fair Tax with the current prebate system. It is huge amount of paperwork and administration in a time that we need to reduce government spending in our fiscal policy to generate better velocity in the economy, more private investment, and LOWER taxes.
Another intelligent soul saved from the evils of snake oil
Should I say it? I think Fair Tax will cause excess global warming! LOL
It sure generates a great deal of hot air..
When you boil it down, the tougher questions the ones they always avoid. Anger is the last line of defense, and when you’re angry you pretty much have nothing of value left to say.
They are convinced that they are right, and that everyone that is not buying their utopian vision of how the FairTax would work, is not to be trusted and must have hidden, possibly illegal, motives for the opposition.
They combine arrogance and ignorance into one quite unpleasant reformist cult. It drives people away in droves.
Fervent Faith in Fair Tax Defies Reason
by Jay Bookman (April 23, 2007)
I wouldnt want to accuse Georgias Fair Tax movement of being a cult, but it does have a disturbing number of cult-like attributes. Among other things, its adherents display an almost religious fervor for their cause, to the point that they become blind to the obvious irrationality of claims that are made on its behalf.
The prime advocate of the Fair Tax in Congress, U.S. Rep. John Linder (R-Ga.), claims the tax will do away with all personal income taxes, corporate income taxes, payroll taxes, self-employment taxes, capital gains taxes and gift and estate taxes. Instead, those taxes will be replaced with a retail sales tax of 30 percent on all services and new goods.
Among other benefits, Linder claims that adopting the Fair Tax will drive down retail prices by 20 percent to 30 percent. That price drop would almost completely offset the Fair Taxs 30 percent sales tax, meaning that in effect, we could run the federal government for free.
But wait! If you act now, Linder will also throw in a 10.5 percent increase in the nations gross domestic product the very first year the Fair Tax is in place. And as a special bonus, interest rates would also fall by 20 to 30 percent.
Linder and other Fair Tax advocates, including talk radio host Neal Boortz, make two other promises as well. First, they say, the Fair Tax will be revenue-neutral, generating just as much money as the current system.
Second, they promise that the Fair Tax will not shift the tax burden onto low-income households, as sales taxes usually do. To their credit, they make an honest effort to achieve that goal, using a monthly check to compensate low-income households for the higher sales tax they would pay.
But lets review. Under the Fair Tax, low-income Americans wont pay taxes; corporations wont pay any taxes either. Yet the Fair Tax is guaranteed to generate the same amount of revenue as todays system. Basic arithmetic requires that somebodys taxes increase. Who will that somebody be?
For example, would it be a typical middle-class two-income Georgia family with two kids, a mortgage and college tuition payments? As it happens, I have access to the tax returns of just such a family.
At www.fairtax.org, the main Web site of the Fair Tax movement, I plugged the Bookman family financial data into the FairTax calculator. The model reported that the Fair Tax would save me $7,500.
Suddenly, the Fair Tax didnt seem such a bad idea.
Still, the mystery remained: If the middle class pays less, and corporations and poor people dont pay anything at all, who pays more? The rich? That didnt seem likely given Republican enthusiasm for the Fair Tax, but again I turned to the FairTax calculator for help.
As it happens, I also had access to the 2006 tax return of a rather wealthy couple who reported an adjusted gross income of $765,801 and paid $203,021 in federal taxes. What would this couple, a certain George and Laura Bush, pay under the Fair Tax?
Plugging their data into the calculator, I learned that the Fair Tax woud cut their federal tax burden by $74,596.
I then began to punch invented numbers into the model, determined to find somebody, even a theoretical somebody, who would pay more. A family with $1.5 million in income, with a $4.5 million mortgage? Nope. Under the Fair Tax, they would save $436,624.
Finally, I hit paydirt. It turns out that a married couple with two children who rented their home and made $40,000 would, under the Fair Tax, pay $860 a year more in taxes than they do today.
Somehow, I doubt that will be enough to make the concept revenue-neutral.
In 2005, a panel appointed by President Bush to study proposed changes in the federal tax system reached the same conclusion, though its process was more sophisticated. It found that eliminating just the federal income tax leaving payroll taxes, estate taxes and gift taxes in place would require a retail sales tax of at least 34 percent. As it noted, no state or country has ever levied a retail sales tax at a tax rate that even approaches the 34 percent required to replace the federal income tax system.
The panel also reported that replacing the income tax with a 34 percent sales tax would reduce taxes on just two groups households making more than $200,000, and those making less than $30,000. For everyone else, the tax burden would increase.
Unfortunately, such data dont seem to penetrate the cult. A core of Georgia Republican Party activists has completely embraced the Fair Tax, and GOP elected officials have done so as well. Every Georgia Republican in Congress is a co-sponsor of Fair Tax legislation, as are both U.S. senators. The fever is spreading to the state Legislature, where House Speaker Glenn Richardson is touting his radical tax-reform measure as a state version of the Fair Tax.
Anybody have the number of a cult deprogrammer?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.