Posted on 09/12/2007 2:53:37 PM PDT by Man50D
Magellan, don't debate this guy, he isn't worth it. He has been asked repeatedly why he feels that the income tax status quo would be better for America than the FairTax. He won't answer. But he will create a likely story about why he won't answer. Freepers vs. xcamel: don't ask don't tell. LOL.
Your gripe about having to pay sales taxes on money you have already saved is the only completely legitimate complaint about the plan that holds water. There is a certain amount of limited relief under the FT for a person in such a situation but perhaps there should be some exemption for those people.
Back soon
Well of course I am. I'm asking you simple questions that you can't answer. Why should that make me anything but a "twit"?
Yes, but you are not factoring in the absence of the huge tax PLUS expense already there.Yes I am. Where do you get the idea it's such a huge tax and expense?...Just what percent of retail sales price do YOU think is embedded?
The end user remains a consumer and pays the tax in a different way.Yes, but the tax is more. The end user pays the replacement tax for all displaced taxes PLUS the cost of the rebate.
The most recent study by the Fairtax own economist puts the "sales tax" rate at 34% to be revenue neutral and pay for the rebate. He also said that included current gross "take home" pay (IOW, NOT 100% paychecks).
Didn't you say you would cut back on spending (alter your lifestyle) to save paying taxes? How are you any different from the end user of the product/service your company provides?...How does that attitude create more business/profit for your company to give you a raise in pay? They aren't going to profit from reduced costs for long with declining sales.
If two companies produce similar products at similar costs, and after the cost of production drops, one chooses to keep prices high to maximize profits, and the other decides to lower prices to gain customers, what happens? The other company has to lower its prices too, or it loses customers.There are theories of what some people think life should be like, and then there's reality.
If we have Walmart why are there Macy's, Nordstrums, Penneys, Target, Sears and so on still being built? If we have independent gas stations selling cheap gas how did Chevron, BP, Exxon and Shell, to name a few, get so big...AND profitable?But this is covered in The Fair Tax Book. Specifically, Boortz uses a T-Shirt business in his example.
So?...Boortz is a not so well known radio announcer. Anyone can make up anything. Including promising 100% paychecks and 22% price reductions (it's a lie).Consumers already pay all corporate taxes today.
No they don't. Have you ever bought anything on sale, even 50% off, made and or sold by a corporation? What happened to all that tax they added? And all businesses aren't corporations.Also, if anyone opposed to a national retail sales tax instead of the income tax, and happens to live in Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, New Hampshire or Tennessee, I suggest they get together and create a group to lobby those states to implement a state income tax.
Following the fairtax logic everything sold in those states is cheaper than in other states...If yours and some unknown radio announcer's theory of competition is accurate no one lives in any of the other states either.
No, I speak for sensible people everywhere who know BS when they see it.
Income tax: make $100 pay $25 in taxes you have $75 left over to pay for goods and services.
Fair tax: make $100 keep it all. But you can only buy $77 worth of goods and services because you have to pay the 23% sales tax.
So, you see the money's the same either way. And I'm leaving out the prebate and the purchase of used items (if you can).
So, you see the money's the same either way. And I'm leaving out the prebate and the purchase of used items (if you can).You also left out goods and services would cost 20 to 30% more including the tax (especially imported, how much isn't) and there's nothing that says you're guaranteed a 100% paycheck either.
Goods and services cost 20-30% more and you are taking home 20-30% more. Spin it lewie, spin it.
Absolute double talk. IF paychecks are lowered then prices will drop more than 9%. Why would you think paychecks won’t be lower? No tax or FICA withholding.
..........Fair tax: make $100 keep it all. But you can only buy $77 worth of goods and services because you have to pay the 23% sales tax..................
Well ok! Now add in the state tax, and add in the state sales tax.
Your 23% federal tax now becomes 37% (to a 44%) consumption tax.
How are you going to level the playing field for those of us that will be spending our previously invested assets?
This idea, posibly with merit, has no possible chance of passing! Get over it!
General Washington! We are surrounded and our ammunition is low!
Okay let's surrender. ashepard
Now add in the state tax, and add in the state sales tax.
You have to add the state tax and add in the state sales tax to the income tax too. There: Apples are apples.
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