Posted on 08/26/2004 11:05:33 PM PDT by n-tres-ted
PING
Fair Tax?
I have a better idea. Put the Constitutional provision, tariffs, on every good and service entering the country. Not only will we pay NO taxes, we'll all have decent jobs when the factories and investment capital come running back home. Talk about a win-win.
But I'm self employed...
FairTax PING
I've come around on this issue over the past several years. As a self-employed artist, it hurts me like hell to wait and wait for a client to pay, and then have to deduct 25% of that hard-earned, much-needed cash right off the top to feed into Uncle's gaping maw. In effect, for every four hours I work I only get paid for three. If there were no income tax, every hour I worked would be an hour I got paid for. That fact alone makes the HR25 an attractive proposition. When you deduct the costs of tax prep, bookkeeping, and records maintenance (and why do I have to pay to keep the IRS's records for them, anyway?), it sounds even better.
I will be very surprised if HR25 goes anywhere anytime soon, but I'm beginning to hope that it or something like it will eventually pass. Never mind the financial relief — the relief I feel from no longer having the IRS hold a loaded gun to my temple would be worth it.
AWESOME!!! Thats a plan!
WRONG! It would be right if it was a real 23% sales tax and not a tax "23% of the gross payment"
The groceries would cost $45.58...$0.58 MORE than before not including the new tax on taxes in "the gross payment".
$45.58 (gross payment)
Minus 23% ($10.48 gross payment tax ) equals.
$35.10
The 23% "tax of the gross payment"(including itself) is a 29.87% (30%) sales tax.
Why not just lower the tax rate and let us keep more of our money to begin with?
23% is way too high for a blasted sales tax anyway.
Which will lead to the creation of co-ops by which people will collectively buy wholesale to skirt around the retail tax. This in turn will create tax shortfalls that will ultimately result in the return of the IRS while leaving the federal sales tax in place.
Think it won't happen? Think again.
30% !!!
Holy smoke, that's even worse!
If they REALLY wanted to let us keep our money, they'd lower it to maybe only 10% a do away with that phoney "rebate" nonsense.
If they have it to give back to us, they shouldn't be taking it to begin with.
One glaring flaw.
Even if the "embedded tax" goes away prices will not fall by the same amount.
Many will see this as an opportunity to increase their profit margin, fund capitol improvements, ramp up research that has been put off, etc.
Small business runs on a thin margin in this country, the lesser tax's may keep them afloat, but not really allow them to reduce prices drastically.
This looks to be incomplete, but a good start.
ping!
Sorry, no thanks. I don't want to pay $10 dollars for a gallon of milk or $7.50 for a loaf of bread.
Yea, this way you could just wait and wait for a client to pay an additional 30% you'd have to send (off the top) "to feed into Uncle's gaping maw".
You say but wait I won't have income tax to pay...no you won't you'll have a new 30% sales tax to pay on some things you've never had to pay tax on before.
Even the article, claiming reduced prices by 22% says it comes out the same...so how could YOU reduce your prices, collect and remit a new tax, pay sales taxes yourself AND maintain your current lifestyle?
Let's just think "Burger King" Willie!
If you can't "have it YOUR way" then it's a debacle and not worth contemplation.
It's a step in the right direction, is worth looking into, and does a fine job of lessening the burden of complication in the receiving of tax revenue for the government.
Complication reduction in itself would save a tremendous amount of government cost.
The very best part of it will be neutering the IRS, no more "audits" i.e., government terrorism.
Of course not.
The shills are double-dipping with this incredible claim.
The scavengers in the Federal Government will NEVER do with less money. It has to come from somewhere. The rich will buy goods elsewhere and skirt the law somehow; but small business will lose tax advantages. The income tax is ridiculous, unfair, and overly complicated, but I trust these fools implicitly to make it worse.
The rebate is all part of the scam.
It's not only a dangling carrot to suck you in. It's also a tax increase (where do you think the rebate money comes from?) for everyone spending above big governments arbitrary, one size fits all, we know what your "necessities" are and how much they cost you plan...don't get me started on how that poverty scam can be manipulated.
This from the people claiming to hate subsidies and welfare.
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