To: xcamel
FLAT TAX people. It’s the only truly FAIR tax.
17 posted on
01/22/2008 4:15:29 AM PST by
snippy_about_it
(I'm a Friend of Fred, FRedneck! Fred08.com)
To: snippy_about_it
FLAT TAX people. Its the only truly FAIR tax.
The Fair Tax is a flat tax, on consumption. A flat tax on income you favor has been tried and is failing. It's called the income tax. When enacted in 1913 it taxed 1% of the first $20,000 and 7% over $500,000. So few people earned more than $500,000 that they essentially paid the former rate. In 1913 less than 5% of the population was taxed. Today more than 80% of the population pays an income tax. Another flat tax on income is only reinventing the wheel and will eventually create another oppressive, complex tax code only the cycle will happen much quicker thanks to thousands of lobbyists that didn't exist in 1913.
37 posted on
01/22/2008 4:46:49 AM PST by
Man50D
(Fair Tax, you earn it, you keep it!)
To: snippy_about_it
There is nothing fair about an income based tax. ANY income based tax, flat, progressive or regressive, will possess the government of the intimate details of our financial lives, allow the government to feast on the first fruit of our labors, and forever keep us in the same position as a slave.
Taxing consumption is the only FAIR solution.
To: snippy_about_it
FLAT TAX people. Its the only truly FAIR tax.
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I haven’t read every post but I’m sure you know that the Income Tax started out as a Flat Tax ... I was for Steve Forbes way back when because I believed that he could eliminate the special deals built into the income tax and get it back to where it was originally ... Reagan came close with 2 tax tiers and eliminating a lot of deductions ... Do you still believe that that is possible? I don’t ... not without cutting off it’s authorization ,, the 16th ammendment.
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