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My Prediction if the Fairtax is passed
Posted on 09/22/2007 7:18:53 PM PDT by netvictory
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To: Man50D
The Fair Tax is nothing like a VAT. The purpose of a VAT is to impose taxes at each stage of production. The Fair Tax will impose tax only at the final state since embedded taxes will not be incurred due to the elimination of corporate taxes. Well see I have a problem with the elimination of corporate taxes (not that I don't like that : ) ) I happen to own a couple of C Corps and that means that except for food I will never have to pay anymore taxes. How is the government going to tax anyone when everyone starts owning corporations?
More importantly raising the rate too high will cause taxpayers to spend less. Less spending will mean less taxes collected by the government. Less taxes would force government to spend less.
I just had to laugh when I read that. It was either laugh or cry :( See that is the problem. You seem to think that the Government has to be fiscally responsible, it doesn't. You have way too much faith in good government.
The problem isn't so much in the way that we are taxed the problem is that the Government spends too much. Until that little problem is solved changing the tax structure will do nothing. You are addressing a symptom not the problem.
101
posted on
09/24/2007 6:44:01 AM PDT
by
LeGrande
(Muslims, Jews and Christians all believe in the same God of Abraham.)
To: savedbygrace
Maybe the reason your reply is non-responsive is because you do not understand this type of business, where nearly 100% of my income is a result of my labor.
Maybe the reason you ignore my relevant statements, poor attempt claiming my reply is non responsive and lack of an alternative is due either to a state of denial or support for a tax code that is used as a tool for controlling individuals. The question then becomes what advantages do you feel the Income tax has over the Fair Tax enough to maintain the oppressive status quo?
102
posted on
09/24/2007 7:17:51 AM PDT
by
Man50D
(Fair Tax, you earn it, you keep it!)
To: longtermmemmory
please, if ecconomists knew anything, all ecconomists would be wildly rich instead of whoring a Tax Scam. BWAAAAAHAHAHAH!!!
This "economists know less than the weatherman" junk is a SQL favorite. How many times have I heard that one? Too many to count. And how many times does the SQL present his own list of economists to refute what the 75 say? NEVER. The tactics are very tiring.
103
posted on
09/24/2007 7:25:36 AM PDT
by
groanup
("I'm not the one on the defensive here." xcamel)
To: lewislynn
Lewis, some of us save money. You should try to save some out of one of your $200,000 deals. You might need it sometime.
104
posted on
09/24/2007 7:27:37 AM PDT
by
groanup
("I'm not the one on the defensive here." xcamel)
To: coconutt2000
The only fairtax to a DEM is to take from the rich and give to their relatives to make them rich.
105
posted on
09/24/2007 7:29:48 AM PDT
by
bmwcyle
(BOMB, BOMB, BOMB,.......BOMB, BOMB IRAN)
To: savedbygrace
Thats a non-responsive reply to MY situation No, you read my response again. If you don't see the difference between paying income tax on your $600 at the point of a gun as soon as you make it and paying only a sales tax when you spend some or all of it then you are either blind or faking it.
Besides, unless you are highly niched, your competition will force your prices down.
106
posted on
09/24/2007 7:35:03 AM PDT
by
groanup
("I'm not the one on the defensive here." xcamel)
To: groanup
It is obvious that you do not understand the situation. You really are not responding to my situation.
No, I do not have any competition that will force my rate down. And the 30% sales tax is way more than my income tax, the way my business is structured.
No, the NRST does not benefit me, it seems.
107
posted on
09/24/2007 7:47:09 AM PDT
by
savedbygrace
(SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
To: Man50D
Nope, You’re wrong on all accounts. You don’t seem to understand this situation.
108
posted on
09/24/2007 7:48:22 AM PDT
by
savedbygrace
(SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
To: netvictory
I think we should give total war a chance to bring peace. It work in WWII. Wow!
I don't believe I have ever seen a FReeper hijacking his own thread. Congratulations on being the first!
109
posted on
09/24/2007 7:52:20 AM PDT
by
TChris
(Governments don't RAISE money; they TAKE it.)
To: savedbygrace
No, the NRST does not benefit me, it seems. There are winners and losers under any tax scheme. Sorry. I happen to think there are many more winners under the FairTax than there ever were or will be under the oppressive, socialist income tax.
110
posted on
09/24/2007 8:05:26 AM PDT
by
groanup
("I'm not the one on the defensive here." xcamel)
To: LeGrande
I happen to own a couple of C Corps and that means that except for food I will never have to pay anymore taxes.
You're not paying corporate income taxes coincides with a significant part of The Fair Tax!
How is the government going to tax anyone when everyone starts owning corporations?
How is it possible by now you don't understand people will not be paying taxes on income because the Fair tax will shift tax collection from income to consumption? Everyone will be paying taxes under The Fair Tax when they purchase a good or service!
I just had to laugh when I read that. It was either laugh or cry :( See that is the problem. You seem to think that the Government has to be fiscally responsible, it doesn't. Government has to be fiscally responsible, it doesn't. You have way too much faith in good government.
I don't know whether to laugh or cry considering you fail to understand the people are the government. They have the power to dictate to their politicians how they want their government run. Unfortunately apathy has allowed the income tax to evolve into a tool used more for controlling people than collecting taxes. Americans For Fair Taxation understand this concept and are consequently forming an increasingly strong grassroots effort forcing Congress critters to realize they either support fundamental tax reform with The Fair Tax or risk losing their jobs in upcoming elections.
The problem isn't so much in the way that we are taxed the problem is that the Government spends too much. Until that little problem is solved changing the tax structure will do nothing.
The problem is many people wrongly believe these separate issues can be addressed concurrently. That ignores the fact taxing consumption will keep Congress from excessive taxation for the reason in my statement you posted. By laughing at this concept means you are also laughing at founding father and first Secretary Of The Treasury Alexander Hamilton who mad this very point in his Federalist Paper #21. To quote: "It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end proposed-that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty that, "in political arithmetic, two and two do not always make four." If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them."
You are addressing a symptom not the problem.
The income tax is precisely the problem. I find it curious you oppose the Fair Tax but fail to offer an alternative. The only reasonable explanation is you are in favor of maintaining the status quo income tax code. The question then becomes what advantages do you feel the income tax has over The Fair Tax?
111
posted on
09/24/2007 8:05:48 AM PDT
by
Man50D
(Fair Tax, you earn it, you keep it!)
To: groanup
112
posted on
09/24/2007 8:09:01 AM PDT
by
savedbygrace
(SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
To: Man50D; savedbygrace
It may be that savedbygrace is a tax consultant. In which case I think you and I can both be far from “non-responsive”. (Is that a word)? We can be downright sure that if he is he’ll never admit it on these threads.
113
posted on
09/24/2007 8:10:58 AM PDT
by
groanup
("I'm not the one on the defensive here." xcamel)
To: netvictory
I’ll cut Limbaugh some slack on his lack of promotion of The Fair Tax. It is essentially seen as a Boortz issue and Boortz competes head to head with Limbaugh for a portion of the show. Specifically the first hour of Limbaughs show. Why would or should Rush promote and idea who is heavily supported and promoted by a direct competitor?
114
posted on
09/24/2007 8:11:35 AM PDT
by
Phantom Lord
(Fall on to your knees for the Phantom Lord)
To: groanup
We can be downright sure that if he is hell never admit it on these threads.
I agree. The truth hurts.
115
posted on
09/24/2007 8:12:48 AM PDT
by
Man50D
(Fair Tax, you earn it, you keep it!)
To: netvictory; All
I am still looking over the Fair Tax info myself, but it has a lot of issues and what ifs I just can't resolve.
HOWEVER you Fair Tax guys need to at least attempt to get your rhetoric down.
This one right here is my favorite, almost a bait and switch:
We get to keep 100% of our paycheck! Currently, idiots run the country.
That is an out right lie. We will not keep 100% of our pay checks. We still have state taxes and benefit deductions. Saying that will make people think there is more to this than there really is.
There are other issues, but that is a simple one right there.
116
posted on
09/24/2007 8:14:01 AM PDT
by
ejonesie22
(I don't use a sarcasm tag, it kills the effect...)
To: Extremely Extreme Extremist
When the FairTax is enacted is the day the Stanley Cup finals will be held in Hell. People said this would never happen...
![](http://www.rosswhite.com/ben/archives/060619_stanleyCup_vmed_9p.widec.jpg)
And here is one I took at the game.
117
posted on
09/24/2007 8:16:47 AM PDT
by
Phantom Lord
(Fall on to your knees for the Phantom Lord)
To: groanup; Man50D
Nope, I’m in the video field.
118
posted on
09/24/2007 8:17:18 AM PDT
by
savedbygrace
(SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
To: Phantom Lord
Specifically the first hour of Limbaughs show. Why would or should Rush promote and idea who is heavily supported and promoted by a direct competitor?
That maybe a reasonable point for the short term but eventually there will be too much support to ignore The Fair Tax movement. He should at least appear ahead of the game by discussing it now especially since The Fair Tax has signed on the 64th and 65th cosponsors in the last two weeks.
119
posted on
09/24/2007 8:17:25 AM PDT
by
Man50D
(Fair Tax, you earn it, you keep it!)
To: netvictory
Prediction: Just as the income tax started as a minor tax on few people and easily completed computed on the back of a postcard, the FairTax will quickly be mutated into a complex monstrosity of exceptions, credits, and other alterations.
You don’t think bureaucrats and polypragmatons will just go away merely because the tax system was made simple and fair, do you?
120
posted on
09/24/2007 8:18:11 AM PDT
by
ctdonath2
(The color blue tastes like the square root of 0?)
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