Posted on 12/16/2008 4:58:35 PM PST by Man50D
The most compelling messages to elected officials are those in your own words, not just some cookie-cutter form letter. So please take a moment to craft a personal note about the FairTax. And remember, regardless of whomever you voted for in the general election, we all need to make Mr. Obama into a FairTax supporter, so please be courteous in your message about the FairTax.
In terms of talking points about how the FairTax can save our economy, you can view our detailed talking points or look below for some key points to highlight:
Rescue the homeowner and you rescue the economy The FairTax will end the harmful practice of withholding taxes from paychecks, and millions of Americans will see a huge boost in their take home pay--enough to save their homes and pay mortgage bills.
A $10 trillion dollar stimulus program funded with private investments Economists say the FairTax will attract literally trillions of dollars into our economy from offshore. That means new jobs right here in America (a point I know you readily appreciate), higher wages and a stock market that goes up instead of down.
Bring Back the "Made in America" Label The FairTax ends the retail price disadvantage American producers suffer under the income tax system. The income tax system adds up to 20% to the price of American products and that chases our manufacturing and service industries offshore. The FairTax gives American companies--and jobs--a fair chance.
Our economy works when wage earners prosper The FairTax makes our economy works again and restores consumer confidence by putting more money in wage earners' pockets. It attacks the problem at the base of the pyramid where average people live--not at the pinnacle. It ends the tax disincentives to upward mobility, savings, investment and capital formation.
(Excerpt) Read more at secure2.convio.net ...
You repeat the mantra of how the Fair tax will eventually reduce the price of a tourniquet to make it more affordable, while the person bleeds to death for lack of one NOW. (that's a metaphor, son)
You cling desperately to issuance of checks by the Government, as if that makes everything better.
Joe has a two-step program for tax reduction.
Step one. Cut Federal jobs by 5% each year, these cuts not to be taken from the combat arms sectors of the armed forces.
Step two: Reduce Federal budgets by 5% per year as well, same restrictions.
Lather, rinse, repeat.
No, thanks.
Which office of the IRS do you work for?
Ask once to be a wit,
Ask again your’re a half wit,
Now you’re just plain witless.
I'm guessing a northeastern IRS office.
I heard about the flat tax a long time ago. Don’t remember where it came from. That being said.....what and who sets the limit on the Fair Tax and who decides when and how much to raise it when the government wants more money? The big problem I have with the Fair Tax is big ticket items would cost a fortune. Cars, homes, etc. Would not a Flat tax take into condideration a persons income rather than taxing the poor at the same rate as you do the rich?
I’m guessing someone who has already been banned from FR a couple of times for uncivil behavior and has slithered back in under a new screen name.
Thanks Man-
Ya know with the need for capital, untaxing income would help a lot. It makes repatriating those trillions a matter of survival.
And getting more money in the hands of consumers would be done simultaneously.
No downside for bomber. He can steal the nrst from those who have said “can’t happen” and he can save the economy.
Income tax lovers, sorry. A consumption tax will work better for our economy. Usually, it only makes the economy better - but nowadays, it could save us.
Let's see, northeastern IRS office tacit admission. I'll say...New Jersey.
Prebates are for 2 reasons. 1) It helps to sell the FT because people will want their monthly checks and 2) Then all “free riders” have to come on board to get their prebate. Problem is the government will spend half the money giving it out, and will make a catastrophic number of errors doing it, and the cost of enforcement of the rules of prebates will be enormous. Examples? Changes in the status of households, over reporting of number living in the household etc... It’s a nightmare.
I have heard of them, but I have not been issued one in years.
You cling desperately to an income tax code that also issues government refund checks that are tantamount to an admission from Congress it took more of the people's money than required, sit on it to earn interest, then decide to return the people's money long after they could have used it to pay bills, save, invest etc...
Wait a minute! If the government has to issue 'prebate' checks, isn't that an admission it took too much of the money from the people, too, from EVERYONE? Not just those who did not make enough to have to pay more in?
I do not cling to the current tax code, but I want the replacement to be an improvement. Imagine that.
Kinda like that 'change' thingy, it CAN get worse.
And, as I have said before, it does not matter how you collect the money if the government is spending too much, it will still be too much. Rein in the government, shrink that monster, before we quibble about how to open the feed bag.
Because the FairTax would tax the federal gas tax (so much for the "no double taxation" claim) raising the gas tax (and creating a host of similar taxes) would have a double benefit.
If you have to borrow money to pay for the drugs, you also need to borrow and pay interest on the additional amount needed for the tax.
When Hamilton wrote that, did he anticipate taxes on rent and medical care? No!
Well, no it didn't.
The rich alone use imported articles, and on these alone the whole taxes of the General Government are levied. ... Our revenues liberated by the discharge of the public debt, and its surplus applied to canals, roads, schools, etc., the farmer will see his government supported, his children educated, and the face of his country made a paradise by the contributions of the rich alone, without his being called on to spend a cent from his earnings. Thomas Jefferson
The method of collection does affect spending Joe. Imagine if we only changed the method of collection in that we abolish withholding and require folks to pay in cash - out of their checking accounts.
Don't you think that would put downward pressure on taxes [and spending]? That is nothing more than changing the method of collection Joe.
I urge you to reconsider your position = the method of collection CAN influence taxes and spending.
Preposterous. You're wrong Lucy.
LOL.
Why is it bad to pay tax on what you spend instead of what you earn?
The amount of tax is actually less under the nrst [effective rates are lower.] Why oh why would you think it's bad to get ALL your money - then pay taxes when you choose to spend? The alternative is to pay the tax before you even see your earnings. That's what we have now. Why do you want to keep the income tax?
You're wrong. The income tax still has people pay tax on medical care - they just have to pay it before they get the medical care. Medical expenses of $100 costs me $128 including taxes [i had 22% effective income tax rate last year.] The nrst simply changes the timing [and lessens the tax a bit] of the tax payment.
I would prefer to keep ALL my earnings and pay tax when I buy something than have my earnings reduced before I even get MY OWN MONEY.
Under the nrst, that $100 medical bill would cost me $118 including taxes [i have a 15% effective nrst rate.]
So under the nrst, I pay less in tax and only pay tax when I spend - not when I invest, gift money, or leave to my children.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.