Posted on 01/25/2011 1:24:18 PM PST by so_real
The persistent reduction of citizens retained earnings and the compression of individual free choice options — installed through an insidious income tax system and set of nefarious regulatory schemes – is indeed endemic of the very abuses and usurpations that gave our forefathers just cause to birth the Declaration of Independence.
(Excerpt) Read more at gopusa.com ...
FAIR TAX - 72+ percent - hoohah
ahhh- the FAIR tax is the SALES TAX option!!!!
Look at your paycheck. What would change is the your GROSS would ALSO be your NET> Not one penny taken out.
Now, your boss saves big money because he/she no longer has to make matching tax payments for his/her employees.
YOU have more in YOUr pocket - and so does your boss.
Then you pay taxes in the form on POS - point of sale. (But no tax on any second hand goods - like a car) - YOU decide, by what you buy, how much money you pay out in taxes.
I know this whole concept is hard for some to understand because it is the epitome of FREEDOM and not many of alive now have known that.
It will not only give freedom to us as individuals - but it will take the Gestapo like power that the gov’t now weilds over us, particularly through the IRS.
ONLY the FAIR TAX gets rid of the IRS - any other plan keeps the IRS beast intact and gov’t in control of our lives.
Without the IRS and the tax forms, the gov’t will not even know who we work for, let alone how much we make - and, guess what? It's none of their business.
In Addition. with the FAIR TAX - the illegals will paying tax on every dollars they spend - no prebate to take care of the basic living costs. And the drug dealers will be be paying every time they spend a buck.
Are you beginning to see the advantage?
Employers, without having to pay matching taxes and pay for all the bookkeeping - will have a lot more money to add jobs!
The FAIR TAX will be the biggest jobs bill EVER.
Yes, but with an important difference.
I can see you haven’t taken the time to do your homework before typing an opinion that shows precisely that you are ignorant of the facts.
Are you relying on others here to do your homework? Appears to be and so the question is why would anyone respond to your unfounded and misguided view on the FairTax Rebate? The answer is so that others that are reading will be properly informed.
The FairTax Rebate is the same for every American individual from a grand mother on Social Security to billionaire Warren Buffett.
The poverty level is calculated every year. It is about $10,294 for an individual and the FairTax Rebate sends a monthly check of 23% of that $10,294 divided by 12 or $196 a month.
The Rebate to an individual of $196 a month is to reimburse the recipient for taxes already paid in federal sales taxes at the cash register. The assumption is that nearly every qualified individual will spend at least $10,294 each year. Those that can live on less that $10,294 a year can make a few dollars off the rebate. How much? Does it matter? It’s nothing compared to the enormous benefits of the FairTax.
For example, Americans exports of goods and services overseas will not be taxed leading to an immediate reduction of an average 22% on the cost of those goods and services because there is no longer any federal tax burden on exports. This will lead to a bolus of competitiveness around the world for American made products and services and contribute greatly to US economic growth.
Are the economic growth benefits of the FairTax worth paying a few thousand bums an small net gain every month because they are getting a Rebate and spending under the poverty line? You bet it is worth it.
The FairTax is not perfect, no tax code will be perfect but the FairTax is far superior to any other tax code.
7.65% up to $106,800 of income.
Then you pay taxes in the form on POS - point of sale.
Sounds great. How do prices compare to prices now?
I’ve moved from a jurisdiction that charges income tax to a jurisdiction that doesn’t.
Costs are about 50 percent lower here. On everything. The prebate sounds like a good idea, but that’s money that has to be redistributed, which means you need a bureaucracy to administer.
Assuming I make less than the federal income tax threshold, and assuming I spend about 10 bucks a day, I would end up about 50 bucks/month ahead of the game. No income tax saves me about 150/month, and the ‘pre-bate’ would be about 50 bucks more.
The problem with the Fair tax is while I benefit I don’t want to be the beneficiary. I want a tax system that benefits those who make the most more than a tax system that rewards people for not doing much.
Sure I might gain 50 bucks/month more, but I don’t intend to stay at this level of income for much longer. I’d rather have a system that pays off for me down the road.
My father isn’t here anymore.
But thank you. His birthday was yesterday.
The generation that pushed abortion and all that nonsense on us trembles that they might become the recipient of death panels.
I’m sorry. Y’all had 30 years to repent, but you killed 30 percent of my generation. I’ve been yelled and hollered at by too many older people for rejecting abortion, that you reap what you sow.
Your failure to convince may be due to your style. If you sow anger you will reap hatred.
Sorry about the loss of your father.
I’m sorry, but I can’t help but feel anger when I look at what has happened with my generation.
50 million children are dead, and the generation that inflicted this expects mercy. What about justice? It’s not right what has happened, and to blame those who are insisting that the chain must be broken, it makes me sad.
I’ve had plenty of anger thrown in my face by those who have chosen to hurt their children. Apparently anger is only wrong when directed at them, not what they do to other people.
I am against death panels, but then again, it’s not my generation making this policy. Again, it is the boomers seeking to be rid of the obligation of caring for their parents, as they once rid themselves of the obligation of caring for their children.
“The prebate sounds like a good idea, but that’s money that has to be redistributed, which means you need a bureaucracy to administer.”
It’s highly automated, with check printing and envelope stuffing machines, computers to keep track. Printing and sending out checks is one thing the federal government does well. In the last year of George W. Bush, the Treasury sent out tax rebate checks twice to more than 120 million American households, and they did it without a hitch and fast.
To administer any government program requires a bureaucracy including tax collections and refunds.
The FairTax Rebate does not reward people for not doing much. The Rebate merely returns taxes already paid. In your case you are earning below the poverty line and you will net about $50 a month from the Rebate so you say. How many people are like you as a percentage of the entire population? Very small percentage. It’s not worth worrying about unless most Americans become poverty stricken.
Well I am worried about it because it is my situation. And if I’m the one who’s supposed to be the intended target, I think it’s not that great a deal.
I’m all for no income tax whatsoever. Benefits the high earners most of all.
Actually, under the current system you will continue to pay the approx. 22% tax embedded in everything you buy. I personally would prefer to make the tax visible rather than continue to have it hidden.
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