Posted on 01/20/2008 6:29:07 AM PST by Man50D
During an election season, one of the first losers is the truth. The current misinformation campaign against the FairTax has been particularly virulent. Last month the FairTax was being panned by some columnists as a "crackpot scheme," even though it could be collected exactly the same way as its close cousin, the value-added tax, which is the most successful tax in the world. This month the FairTax is being vilified by various columnists as a tax increase for the middle class, even though it would provide a substantial tax cut for two-parent middle class families. Specifically, in a recent column, George Will asked, "Do you want a president (Mike Huckabee, proponent of a national sales tax of at least 30 percent) pledged to radically increase the proportion of federal taxes paid by the middle class?" Similarly, Time magazine's business and economics columnist Justin Fox wrote a blog piece entitled, "The FairTax and its big break for the $200,000-plus crowd."
The FairTax is a national sales tax that would replace the income taxes, the payroll taxes, and the gift and inheritance taxes. It would be a 30 percent sales tax on retail purchases. Since 30 cents is 23 percent of $1.30 (the amount you would pay on a $1 item), a 30 percent FairTax would cost you about 23 percent of your consumption. To help you pay the tax, you would get a prebate check or a debit card credit at the beginning of each month equivalent to the amount you would pay when buying necessities. In 2007, that amount would have been based upon $10,210 spending per adult and $3,480 spending per child.
(Excerpt) Read more at worldnetdaily.com ...
What about my 8.25 local sales tax and my 40 cent per booth tolls that pay for roads in Texas?
Yes, you are very focused. So focused that you can only see the microscopic view.
You’re so worried that someone might not spend enough to cover $196 in taxes each month that you’re missing out on the other issues.
But that is not accidental or unintentional, is it?
So what kind of people are likely to take and hoard $196/month and make a gain out of it? And how many of them are there?
Is this a fatal flaw or just some sort of crusade?
Why are you guarding the status quo?
If people are paying that much in hidden "necessity" taxes now, why not send the monthly welfare checks out now?
All I see is shuckin' and jivin' to avoid addressing shortfalls in THE FT.
It's not fair yet. Note that fairness and simplicity in something as complex as an economy of 300,000,000 folks hooked into a world economy of slightly more.are antithetical. It might be made fair, but if it's a "done deal", "all or nothing", "no changes", boilerplate it resembles the immigration amnesty deal.
I love it when you talk FT that way. It's exciting.
Instead of making oblique accusations, which is a common tactic of cowards, make your statements direct and to the point.
In case you missed it, I questioned your ability to make a direct point because I think you lack either the intelligence or the guts or both.
Vote for new taxes. Trust the government.
The EIC is welfare.
The prebates assume that in the larger picture few will actually ‘make’ money. And then when they spend the prebates (that money designed to credit or refund a portion of sales taxes paid) they end up paying taxes again.
Of course if they choose to be smart consumers buying second hand then they won’t pay those taxes.
But those at the lowest end of the economic scales are not known for being smart consumers or savvy investors, are they?
Why do you prefer the EIC and IRS?
So by FT logic, everyone should recieve a fixed EIC.
Are not.
Subsidies to professional ball players and their stadiums is a sore spot with me. Welfare of every stripe as well. Getting a handle on the improper spending is orthogonal to the issue of how money is collected. We should be pounding on the politicians to cut the outrageous spending.
By your logic, it is all the government’s money to begin with.
LOL...your support of the IRS is simply too transparent!
The “prebate” welfare check won’t get you out of your Mom’s garage.
Let me simplify it some more for you:
“Fairtax: I must trust the government, because I can not trust the government”
Hear!, Hear!
A better use of scarce conservative energy. Though they could just cut the tax rates too (Rudi's plan sould like a good, fast short term fix)
look this one up:
“Post hoc ergo proptor hoc”
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