To: Man50D
Where do you find support for a “Fair Tax”? The baby boomers, with savings that has already been taxed, will get taxed again, so count them out as supporters. The younger generation, who aren’t yet in the upper tax brackets, would quickly be bumped up into the universal “fair” tax bracket and get burned. That leaves the middle third to maybe, just maybe, like the idea. I can’t see where you’ll get enough support.
27 posted on
10/29/2009 8:56:52 PM PDT by
Tellurian
(Creativity is having the wit to capitalize on your mistakes)
To: Tellurian; Man50D
Besides, with a "Progressive" income tax, the left can keep the little guy from having any chance at improving his lot.
A wealth-based tax is far more fair than an income-based tax.
30 posted on
10/29/2009 9:56:10 PM PDT by
Gondring
(Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
To: Tellurian
Where do you find support for a Fair Tax?
Click on either one of the Fair Tax icons in my first post to find out.
The baby boomers, with savings that has already been taxed, will get taxed again, so count them out as supporters.
You have it 180 degrees backwards. Baby boomers, along with everyone else, are being taxed multiple times with every purchase thanks to embedded corporate income taxes passed onto the consumer by businesses at each stage of production. The Fair Tax will remove those taxes by eliminating all federal income taxes and tax only once at the point of sale. Boomers will not be taxed on any investments or savings since income will not be taxed.
The younger generation, who arent yet in the upper tax brackets, would quickly be bumped up into the universal fair tax bracket and get burned.
There will be only one tax bracket with The Fair Tax. Everyone will have the same rate imposed at the point of sale.
I cant see where youll get enough support.
Then you haven't been paying attention. More than a million people have signed petitions to support The Fair Tax. The American Farm Bureau and the National Tax Payers Union have endorsed The Fair Tax. The number of cosponsors has increased with each session of Congress since The Fair Tax was first introduced in 1999 to the point in the last session of Congress there were 76 cosponsors.
36 posted on
10/30/2009 3:41:51 AM PDT by
Man50D
(Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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