Posted on 04/04/2006 2:17:28 PM PDT by Eaglewatcher
I just finished Boortz and Linder's book several weeks ago. I'm definitely for the FairTax.
No one in their right mind would oppose this idea, Unless, of course, it is for nefarious reasons.
ABOLISH THE I.R.S. NOW!!
Oppose? No. Think its a pipedream with the dishonest powerbrokers in DC? Absolutely.
My main concern with the FairTax and taxes like it: In short order, some Democrap will institute a NEW income tax "just on the rich." Of course, that's how the original income tax was sold. In short order, it will then be the same thing as our current income tax, and we will simply have TWO massive federal tax systems...
DING DING DING! We have a winner!
"Are they just protectiong thier personal loop hole?"
Nope. Existing already taxed money [cash, savings accounts, Roths] which under the present tax regime can be spent without income taxation, and with minimum [or no] sales taxation, will become liable to 20+% sales tax under this so-called "fair tax" system. Double taxation is not fair in any sense, so to avoid it one would need to up-index by decree all aftertax money at the moment of transition.
There's the main problem with the idea right there. One of the worst features of the present tax system is the ability of some people to shelter their income using various legal pretenses. This "Fair" Tax would preserve and enshrine that basic concept.
Everybody needs to pay. Everybody.
Yes. It really is that obvious.
If anyone would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
Bingo... They all should like a bunch of raging liberals. Furthermore, they lack all the facts, and become non logical. Oh and then they will BS you that they have read the book. If they did, then they would not be saying what they are saying. Its just that easy.
Well then the fair tax would go away. The way the proposal is written is that you can only have one, and not both.
No. I do not approve of the fair tax because it is just a silly shifting game. Oh look I'm paying out of my left pocket instead of my right pocket.
A fair tax would be an equal tax where every one is treated equally under the law and is given the same tax bill. How one arranges one financial affairs, should have no bearing on ones tax status. Should one freedom of speech, be dependent on the amount one has to say?
Equal citizens should get an equal tax bill.
My main concern with the FairTax and taxes like it: In short order, some Democrap will institute a NEW income tax "just on the rich."
Intersting that they have not managed to do so over the objections of the American people in the 100yrs of income taxes we have had. This nation funded itself on consumption taxes prior to the income tax, a dual tax system, even though such has been floated numerous time over the last century, has never gotten onto a launch pad much less enacted into law.
One thing is for certain, to even have get to the point of replacing the income tax system with a retail consumption tax will require the full support of the American electorate, it isn't going to happen any other way. To re-instate an income tax ontop of a national retail sales tax is not something that will fly in any near future scenario. It is a political loser with the American people and always has been. You very objection to such a notion is a demonstration of how deep the objection runs, get rid of the IRS by turning tax collection over to the states through a retail sales tax system, destroyu the income tax system infra-structure as is required by the legislation, and there will be no turning around to get a national income tax back.
Fool us once has already been done, second time with the experience of the IRS and AMT fresh in the electorate's minds guarantees no income tax system will be ventured anytime soon. In fact the push will be all to the wall for prohibition of income taxation and repeal of the 16th amendment once the income tax is replaced with a viable alternative in the from of retail sales taxes.
It is important that individuals and aliens file a tax return and pay their share (notice I did not write "fair" as fair is not a legal term of art but only subjective) but fix the alien problem first and apply the law to individuals before changing the tax code.
The unintended consequence of this however is most likely a phasing in of a national sales tax, say, a few percent to pay down the WOT debt or to pay for prescription drugs. Because of the generational consequences of changing provisions for trusts and the like in the present code, the income tax will be retained. We will end up with an additional layer of taxation. We can't let it happen.
However, one of the predicates of the FairTax is an amendment to the US Constitution abolishing the Income Tax.
Whether that can be done or not is another question. Somebody will have to do a good job selling this tax (ice to Eskimos?) to the American people. I will support any system that abolishes the Income Tax. On the one hand, the FairTax is the only proposition on the table that does that and on the other is far superior to any income tax.
Of course increasing tarrifs and duties on imported goods isn't a bad way to raise revenue and protect certain critical sectors of the economy from ruin or outsourcing.
A fair tax is one that accompanies a lower cost of government and is not passed on to future generations. That one has not surfaced yet.
That's the part that won't go through. They'll claim to abolish it in phases, since of course they can't go cold turkey... but once both systems are in place side-by-side, that's the way it will stay.
They never claim that the FairTax will outright REDUCE taxes. However, there will be a more fair and equitable distribution of the tax burden, and theoretically, will lure businesses that have moved out of the US back INTO the US. Of course, it hasn't been tried yet, but it sure sounds a helluva lot better than what we have now.
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