Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: redinIllinois
wrong - It is now.

No it's not. Read the legislation and what I've posted above.

So does the current system, because of embedded taxes.

Unless embedded taxes exactly equal the FT rate, which they cannot, this argument is a canard.

Part of the appeal of the Fair Tax is the simplicity.

That was the appeal of the current system 80 years ago.

Do you think the IRS cares now how much you pay in the state and local taxes?

Do you think I care about what the IRS cares about?

The point is that more than half of what I earn goes into the bottomless cesspool of the government, never to be seen again.

On a national level 1/3 of American productivity is lost to government theft every year.

That is the real issue, not how they steal.

There's some basic math and basic common sense for you.
45 posted on 02/05/2008 10:56:45 AM PST by Filo (Darwin was right!)
[ Post Reply | Private Reply | To 40 | View Replies ]


To: Filo; Man50D
Thanks for the thread Man50D, All of us are signed up here.

File, I think what the poster meant was that at present nothing prevents us from having both a sales tax and an income tax. In fact Charlie Wrangle had already authored a bill to try to get support for doing just that. The FairTax bill does, at least, give us some protection from having both since it not only voids the necessary portions of the income tax laws and defunds the IRS but it also requires the destruction of the income tax records. That gives us the necessary breathing space (while having an operational FairTax to provide revenue) to pass the "repeal the 16th" now in congress and get it ratified (It does not require a presidential signature).

It's a great sham - pushed by each and every anti FairTax attack-bot on these threads that everything one spends is taxed and at a "30%" rate. That's "stuff and nonsense" as my granny used to say. To reasonably and fairly compare the present tax system and the FairTax the 23% rate is the correct one to use since income tax is tax inclusive.

Not everything one spends is taxed under the FairTax and that when combined with the prebate greatly lowers the effective tax rate. In fact, typically the FairTax effective tax rate is about half of the effective income tax rate presently so that the FairTax rate will most likely be less than the embedded taxes in the cost of goods and in any event under the present system one will certainly be "contributing" to Uncle's tax take whether he realize it or not and under the FairTax any such spending will not always be taxed but when it is it will be at the lower effective FairTax rate.

If the FairTax gives us another 80 years of "simplicity" I'd certainly take that - that's far better than the present circumstance. I don't know that any of the FairTax supporters will argue with you about the spending, but this is a revenue raising bill, not a spending authorization. And "how they steal" IS very important and having the FairTax gives us the visibility for all taxpayers to see how poorly their elected reps are performing with no place for them to hide and finger point (as they now do) to try to escape that responsibility. With the FairTax, those hiding places go away and allow the voters to zero in on the bad actors which will then be clearly identifiable. The fact that prices will probably also go down is a big plus also, but mainly improving our exporters businesses would greatly help the economy as should having this country be the largest tax haven from the standpoint of attracting capital for investment (meaning job creation, etc.). So yes, it does matter.

74 posted on 02/05/2008 8:37:17 PM PST by baybabe
[ Post Reply | Private Reply | To 45 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson