Posted on 01/20/2008 6:29:07 AM PST by Man50D
As has been pointed out by many time after time - you don’t pay an additional 30% tax on your savings (or anything else for that matter). That’s just trash talk.
How’s it worked out for Nauru?
FT IS tax code. There are attributes of the FT that are maltreatment of citizens. Others will likely appear after it is enacted (say, annual increases in the ST rate).
Water's rising.
By that description I think the author meant it was the most widely used tax - which may or may not be the case but it is very widely used in other countries.
Retirees will be exempt from the FT? There must be a new talking points fax.
Hello?
Such as?
Don't display such assertions if you aren't prepared to back them up.
BS. Check with baybabe. Look at FT.org charts.
Double taxation of AT savings made before FT.
And I believe that they are correct.
You do indeed make me hyaterical -- ROTFHLMAOAYCT. [[Rolling On The Floor Hysterically Laughing My Ass Off At Your Childish Twaddle]]
When you add the costs of taxes embedded in prices to the payroll taxes is paying a reasonable amount in tax.
Under the FairTax his effective tax rate would no doubt be even lower depending upon his consumption choices.
No conflict there. The VAT may be the most widely used tax form but the loopholes possibilities are indeed rampant. Most countries using the VAT now recognize this and purposely try to crack down on some of these excesses.
That’s rather rude don’t you think? And by the way I think 23% is an abomination also. I don’t restrict my thinking nor my like or dislike of taxes to strictly Federal. One needs to consider the big picture and the big picture is significantly more than 23% or 30% and that’s a big Ugh to me!
You statement that the FairTax would “almost always” be lower is a red flag. I’ve found throughout life that those usually or almost always statements seem to usually or almost always miss me by just a few dollars, and I end up paying more. If you would promote your position and convince people a more lucid and descriptive approach might gather more support. Accusing me of falling for a pretence didn’t help me understand the benefits I would derive from a fair tax, and that should be what you do if you want support for your position. I hope you have a pleasant evening.
There's no "stipend" involved at all with the FairTax - merely the prebate which is a tax refund. Even then it's not available to "everyone" - nor should it be.
How the hell do you expect a FEDERAL law to affect your state and local sales taxes? What do you want, the Federal Government to do away with state and local government? If you do, vote for Swillery Clinton.
The bill already defines the concept as it states. There’s not other option for the “government” to define it any more clearly.
But they'll pale next to the evasion a 30% federal sales tax would bring.
It depends on how the tax is calculated - it can be done either way. There are some businesses where it is customary to quote prices on a tax inclusive basis presently.
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