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Locked on 02/18/2008 10:17:33 AM PST by Religion Moderator, reason:
Childish behavior |
Posted on 02/16/2008 3:30:21 PM PST by xcamel
One solution to the nation's long-term fiscal problems that has gained support in recent years is the idea of replacing all federal taxes with a 23 percent national retail sales tax called the FairTax. Unfortunately, the administrative problems inherent in this proposal make it impossible to take seriously, says Bruce Bartlett, former deputy assistant secretary for economic policy at the U.S. Treasury Department.
For example, under a FairTax scheme: A worker now netting $800 per week would immediately get a $200 raise and start taking home the full $1,000 gross wage that he is paid; instead of paying income and payroll taxes, workers would pay their taxes when they buy things.
The FairTax would impose a 23 percent tax on all goods and services (this is not really correct, but for now we'll accept it at face value for analytical purposes).
Whether he is better off or not depends on what his effective tax rate is: Assuming he spends all his income and no more than that, he will be no worse off if he now pays 23 percent of his income in taxes. That is, his effective tax rate is 23 percent; in this case, the FairTax is a wash, the worker is no better off or worse off in terms of taxes than he is now.
But what if the worker is now paying less than 23 percent of his income in federal taxes? In this case, he is clearly worse off, says Bartlett: The prices of the things he buys will rise by more than his income rises from the elimination of income and payroll taxes. Conversely, if one is wealthy and in a tax bracket above 23 percent, that person would be much better off. His income and payroll taxes would fall by much more than the prices of goods and services he consumes would rise.
Source: Bruce Bartlett, "Why the FairTax Won't Work," Tax Notes, December 24, 2007.
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correction - we’re switching from pity to pure contempt.
parrot.
a ‘mo betta’ lie is still a lie.
Grow up, troll.
Maybe not the Bible, but it does tell the truth -- which is one helluva lot more thatn you have ever been known to do.
For the rest of us it's just a book written by a little known hick radio host that he's obviously never bothered to do research on before writing it...
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA Don't yuou wish? HAHAHAHAHAHAHAHA Boortz is Linders sock puppet
Another one of your silly, childish lies.
The only silly, childish thing would be a documentary on your posting history. When was the last time you posted anything on topic and without an attack in it??
//crickets..
I specifically asked xcamel in a previous reply to explain that if the FairTax has 'zero chance' that congress would ever enact it (from the pdf that he started the thread with), why do the anti-FairTaxers expend so much energy fighting it?
non sequitur.
What does posted replies have to do with anything??? The whole point stemmed from post 17 where it was talking about posting lame threads. You constantly bait and switch. Then even your exact statement was..."Okay. I'm pointing to this thread. Now you list 100."....then you issued this statement...."Like most anti-FairTaxers, you're just making another absurd statement that you don't intend to back up."......I posted the 100 with no problem. So there in your face. I guess the truth and facts never seem important to you. Not that I am shocked. You can't change what was posted.
Fair tax? You must be talking about tariff. It’s the only tax that could be fair.
He wouldn't/couldn't make that statement today, especially after a trip through Wal-Mart. On the other hand, the sales tax that he advocated is as applicable today as it was then.
whole taxes of the General Government are levied
You must also know that Jefferson was a staunch advocate for governing by the states using the state constitutions and that he was extremely suspicious of the US constitution and it's ability to be used as a tool for government centralization, of which he was also against.
But.....never mind...............
That's the Income Taxers Creed.
The best way to redistribute wealth is a graduated income tax with no limits.
You, of all people, calling someone a troll.
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In a perfect world, maybe.
In the fantasy world, the FT
In the real world.. the income tax.
curving = curbing
Using incorrect terms and admitting it is not the same as purposely lying about the FT as you do on every FT thread.
Go away, noobie.
Pushing 500 posts, and not one with factual information, and without a personal attack...
Look in the mirror, troll.
Oh my, what a cutting remark!!!! Really tears me up. HAHAHAHAHA Try growing up.
When was the last time you posted anything on topic and without an attack in it??
Obviously, snotnose, you haven't read any of my posts to decent, honest people who don't make a career of attacks asking for attacks in a answer to dairybarn droppings, like you and several other liars here do.
If I'm not mistaken -- tht noble liar hasn't answered you question yet, has he?
Many times most recently last summer. Why? Are you referring to the VAT taxes? the cost of things? What exactly?
You still haven't answered a couple of questions:
Q1: If the FairTax has 'zero chance' that congress would ever enact it, why do you anti-FairTaxers expend so much energy fighting it?
Q2: Tell us how you engineered the largest tax-free family business transfer ever?
parrot.
Worm.
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