Posted on 04/14/2006 2:42:07 PM PDT by Eaglewatcher
of good news is that support is growing for complete replacement of the tax code with a national consumption tax. More and more taxpayers are demanding action from their representatives in Congress, and their representatives are listening.
Just one year ago, there were 33 sponsors and co-sponsors of HR 25, The FairTax Act, in the U.S. House. Now there are 53 supporters, and new co-sponsors are joining every month. In the Senate, Senator Saxby Chambliss (R-GA) was the lone sponsor of the FairTax Act, S 25, one year ago. Senators Tom Coburn (R-OK) and John Cornyn (R-TX) now join Senator Chambliss as co-sponsors. The word is spreading about the overwhelming benefits to our economy and our wallets when we replace the nine-million-word tax code mess with the fair and simple FairTax.
(Excerpt) Read more at townhall.com ...
If this were true, it would be much simpler to just eliminate the prebate and make the FairTax rate lower.
Your comparison of the prebate to refund of over-withheld income taxes is totally ridiculous, the two have nothing in common.
Of course the prebate is designed as 100% welfare, and it is also something designed to allow future politicians to manipulate, means-test and otherwise purchase votes. It is yet another mis-representation of the reality of what the FairTax would actually be like in practice.
In your alternate universe, letting people keep their own money is 'wealth redistribution'. Wow.If it's their own money, why take it in the first place.
If you're actually serious, you may have just typed the worst example of gross ignorance I've ever seen on FR.
And that takes some doing...
What flavor are YOU drinking? The fairtax offers a solution to what we KNOW for a fact the communist inspired income tax has wrought yet you and those like you on these threads offer nothing in the way of solutions!
I am quite content to allow the readers of these exchanges to determine for themselves who's drinking kool-aid around here!
To defeat statists like you politically, Nightie-Night.
By not charging sales tax on the basic amount of money people need to live.
Is that too hard a concept for you to grasp?
They're identical, except in when they're returned to the taxpayer.
Well then, gird your loins and fight the income tax. Don't replace it with worse. Until we are packed with those who have no clue of how to take responsibility in a democratic republic, diluting the electorate, people in this nation will impose limits on the income tax.
`(a) In General- There is hereby imposed a tax on the use or consumption in the United States of taxable property or services.
`(b) Rate-
`(1) FOR 2007- In the calendar year 2007, the rate of tax is 23 percent of the gross payments for the taxable property or service.
`(2) FOR YEARS AFTER 2007- For years after the calendar year 2007, the rate of tax is the combined Federal tax rate percentage (as defined in paragraph (3)) of the gross payments for the taxable property or service.
`(3) COMBINED FEDERAL TAX RATE PERCENTAGE- The combined Federal tax rate percentage is the sum of--
`(A) the general revenue rate (as defined in paragraph (4), and
`(B) the old-age, survivors and disability insurance rate, and
`(C) the hospital insurance rate.
`(4) GENERAL REVENUE RATE- The general revenue rate shall be 14.91 percent
Lay out a grid, with a hundred features of the income tax versus the sales tax.
The sales tax comes out ahead in every category...by light years.
Your claim that the income tax is superior to the sales tax is what is known as 'the big lie'.
Income tax isn't hidden. It's on every paycheck and is totalled every year. I can't believe you think it is hidden, can't you read?
William PLEASE be kind enough to explain to me how the very form of taxation endorsed by Hamilton, and virtually every other prominent leader at our founding, could possibly be construed as "worse" than this communist inspired monstrosity we currently suffer!
ROFL...
Does everyone get the same income tax refund? Is the income tax refund unrelated to the amount of income tax paid?
Clearly they are totally different.
ROFL...Do you not know how much you paid in income taxes last year?
So let me restate your position. "The Fair Tax doesn't fix everything, therefore I am against it." The authors acknowledge that it is revenue neutral, which is the only way it can pass. Reduction of the size of government should be worked, regardless of the method of taxation. But that isn't what the Fair Tax is about.
BTW, the Fair Tax doesn't address global warming or education reform either, so I guess you are against it for those reasons as well.
The #1 problem with our tax system is that the government eats too much. Reform energy focused on changing the way the bloated sums are collected is energy that cannot be spent on hacking away at the size of the system. It is called choosing your battles. The Income Tax system is not our major economic problem in this country at present, it is the entitlements and we need to spend our precious energy fixing those.
What's so funny, don't you know how much income tax you paid last year?
No I don't and neither do you or anyone else in this country for that matter as a good deal of it is buried in the prices of everything produced in that country that they purchase!
LOL! I beg to differ! In fact, the income tax is the root of all evil!
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