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Tax Reform Panel Picks Apart FairTax Proposal
Tax Analyists ^ | 5/12/2005

Posted on 05/12/2005 7:46:54 PM PDT by Your Nightmare

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To: lewislynn

I am just asking a question. Have you currently paid federal income tax this year?


1,261 posted on 05/24/2005 8:39:49 PM PDT by Paul C. Jesup
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To: Principled
He sells "Pay No Income Tax" kits.

You're walking on thin ice by continuously making public false accusations about me....I AM keeping track of them.

1,262 posted on 05/24/2005 8:43:21 PM PDT by lewislynn ( Is calling for energy independence a "protectionist" act?)
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To: Your Nightmare

You've said on prior threads that you don't support the current flat tax bills and yet you refuse to define what you do support other than a nebulous, theoretical concept of a Nightmare VAT/Nightmare Flat tax.

I've said these groups have a bias because they are dependent on staying on he gravy train of public funding. That much is clear in seeing the type and titles of the "research" they don (and I've studied some of their reports). If you're trying to convince anyone that these sorts of groups have no bias or political ax to grind you're not being very convincing.

With the JCT and other groups you've also never said they were biased, either. I can see you're merely trying again to sidetrack he thread and you now bring up a meaningless flat tax bill which you don't even support as we know.

These things and your "excise" ploy are merely more of your red herrings. People are not so foolish as you suppose to not realize the diversionary tactics.


1,263 posted on 05/24/2005 8:43:58 PM PDT by pigdog
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To: Paul C. Jesup
Are you currently paid federal income tax this year?

Are [sic] I currently paid federal income tax this year? No...I won't pay this years taxes untill April 15 2006.

1,264 posted on 05/24/2005 8:48:20 PM PDT by lewislynn ( Is calling for energy independence a "protectionist" act?)
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To: pigdog; Your Nightmare
If you look more carefully at the list you posted you'll see that almost everyone of those reports has to do with economic issue which are related directly or indirectly with taxes and/or government funding

Does the Fairtax repeal government funding of any programs?...I didn't think so.

1,265 posted on 05/24/2005 10:34:38 PM PDT by lewislynn ( Is calling for energy independence a "protectionist" act?)
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To: lewislynn
You're walking on thin ice by continuously making public false accusations about me...

Why would you threaten me? I said nothing about you. Paranoid?

1,266 posted on 05/25/2005 4:43:01 AM PDT by Principled
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To: lewislynn
A tax rate that excludes the tax?

Yeah, like most sales tax rates are figured tax exclusive - you know, tax exclusive... a method you say doesn't exist yet you insist on using? You have IQ deficency.

Percentage calculations can be defined in 2 parts;
1) the part
2) the whole... your current problem is that you don't recognize that the whole can be either the whole including tax or excluding tax.

In the following examples, see if you can pick out the whole (the bold should help).

a) I paid $20 tax and I earned $100. ======> tax/whole(i)=20/100=20%.

b) I paid $20 tax and I kept $80.======> tax/whole(e)=20/80 =25%.
(BTW this is the method you insist on using. BTW this is also the method you say doesn't exist... inexplicable).

I certainly hope you see that the two situations have the same amount of tax - the rates are only different because of the different method of calculation.

Here's another real word example you may understand. Let's say, hypothetically, that you sell tax evasion kits for $50. If you give a 10% discount, what would the new price be?....$45. That is a tax inclusive calculation (like income taxes).
Now, if the price is $45 and you must collect 10% sales tax, what is the final price?...$49.50.

Why aren't the prices the same - after all you took 10% off then added 10%?

The answer is that the number being used for the whole changes... just like in tax rate calculations.

It's really fun to show up every morning and teach you a little 9th grade math. You will eventually get this!

1,267 posted on 05/25/2005 5:09:52 AM PDT by Principled
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To: Principled
I think that 1268 odd posts into an endless discussion of economic theories is an appropriate place to inject what the FairTax proposal vs the current income tax is REALLY all about!

FREEDOM vs continued SLAVERY!

1,268 posted on 05/25/2005 5:51:19 AM PDT by Bigun (IRS sucks @getridof it.com)
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To: pigdog
If you look more carefully at the list you posted you'll see that almost everyone of those reports has to do with economic issue which are related directly or indirectly with taxes and/or government funding.
You're grasping.
1,269 posted on 05/25/2005 6:34:47 AM PDT by Your Nightmare
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To: Your Nightmare

Hardly. And in your original hitpiece link posting, you might notice that at least two of the authors of the article(both CRS staffers) have reviewed their own models in the mix. One of these authors joins with a notorious opponent (Gale) of anything but the status quo and the test of models was done by the JCT.

Hardly what any reasonable person would call "unbiased".


1,270 posted on 05/25/2005 7:30:52 AM PDT by pigdog
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To: pigdog

You have absolutely no idea what you are talking about. None.


1,271 posted on 05/25/2005 7:43:11 AM PDT by Your Nightmare
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To: Your Nightmare; pigdog
You have absolutely no idea what you are talking about. None.

This is typical of this poster. When caught respond with condescension and adhominem attack.

1,272 posted on 05/25/2005 7:47:56 AM PDT by Bigun (IRS sucks @getridof it.com)
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To: Your Nightmare

Once again, you've got no rational response.

Now ... back to your Nightmare VAT/Nightmare Flat taxes, please point us to the bill explaining those schemes and how they would fit into our lives.


1,273 posted on 05/25/2005 8:02:02 AM PDT by pigdog
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To: lewislynn

It can't, looey, it's not a spending bill. It's a tax bill.


1,274 posted on 05/25/2005 8:04:23 AM PDT by pigdog
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To: Principled
The subject of discussion was "exclusive income tax rate . it isn't possible to calculate am income tax rate based on "the remainder" of your income.

Using your math. If the exclusive rate of "the remainder" of my income was 4% what was my inclusive rate?

1,275 posted on 05/25/2005 8:09:16 AM PDT by lewislynn ( Is calling for energy independence a "protectionist" act?)
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To: Bigun
When caught respond with condescension and adhominem attack.
Caught? LOL! Piggy is saying the whole Congressional Research Service (part of the Library of Congress) is biased because they write reports on "government funding" and thus "are dependent on staying on he gravy train of public funding." But he can't point to one substantive piece of evidence that they are biased. Frankly, that's just asinine.

What happened is that I presented a paper by a respected economist at the CRS and since he either couldn't understand or didn't like the contents, Squeally addressed the author instead of the content. He has yet to even mention one piece of content from the paper but we are to believe it is biased just because.

And you say I'm caught. You both have no idea what you are talking about.
1,276 posted on 05/25/2005 8:22:58 AM PDT by Your Nightmare
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To: lewislynn
it isn't possible to calculate am income tax rate based on "the remainder" of your income.

Yes, it is. Indeed it is one of two common ways to calculate percentages. Indeed it is the method of calculation YOU insist must be used in certain cases... but it can be used in any case you wish.

CASE: I pay $20 in tax and "the remainder" after paying tax is $80.

There obviously IS a remainder of income after tax, duh.

There is more than one way to figure the rate of tax, as explained:

1) 20/100 or 20% this is the tax inclusive method ie the amount of tax is included in number you're dividing (100 in this case)
2) 20/80 or 25% this is the tax exclusive method ie the amount of tax is not included in the number you're dividing (80 in this case).

Obviously, the dollar amount of tax is the same. The rates are different because each uses a different whole with which to figure percent.

That you insist that this isn't possible after numerous examples is curious.

1,277 posted on 05/25/2005 8:24:21 AM PDT by Principled
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To: pigdog
Once again, you've got no rational response.
Give me something rational to respond to. Show me what in the paper leads you to believe it is biased. Come on, show me.
1,278 posted on 05/25/2005 8:24:39 AM PDT by Your Nightmare
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To: lewislynn

Try this, looey. A rate (which is what the discussion is about) if a ratio - a number. It says nothing about requiring income or anything else for that matter.

The income tax rates are given as tax inclusive (by your reckoning a dishonest, fraudulent technique) and to compare THE RATES, the FairTax (or any other tax system) should also use tax inclusive - which it does.

Both systems could just as easily be expressed as ratios using tax exclusive rates which you think is the only "honest" ratio. Either way the ratios can be validly compared only if both ratios use the same basic technique - t-i or t-e.

Am I talking to a wall here, or what???


1,279 posted on 05/25/2005 8:27:23 AM PDT by pigdog
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To: Principled
In the following examples, see if you can pick out the whole (the bold should help).

a) I paid $20 tax and I earned $100. ======> tax/whole(i)=20/100=20%.

b) I paid $20 tax and I kept $80.======> tax/whole(e)=20/80 =25%.

LOL!

Let's see, you paid $20 , kept $80 ("the whole" LOL)...

(you say) $80 is the whole....Where did you get the $20?...."kept" $80 (the whole? LOL) from what?

Using your twisted logic. If $20 paid = 25% where is the other 75%? Or is your $80 (80%) the remaining 75%?....Oh wait 80 is "the whole" or 100%

LOL! If you want me to find the whole in that mess you'll have to put some hair around it.

1,280 posted on 05/25/2005 8:38:13 AM PDT by lewislynn ( Is calling for energy independence a "protectionist" act?)
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