Good News on FairTax

Town Hall . Com ^ | 4/13/06 | Herman Cain

[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.

[Your Nightmare]

Are you sure? I thought felons could in many systems make small purchases at the prison canteen of things like deodorant, candy and toothpaste.

From the bill:

Incarcerated Individuals- An individual shall not be eligible under this chapter to be included as a member of any qualified family [for "prebate" reasons] if that individual--

`(1) is incarcerated in a local, State, or Federal jail, prison, mental hospital, or other institution on the family determination date, and

`(2) is scheduled to be incarcerated for 6 months or more in the 12-month period following the effective date of the annual registration or the revised registration of said qualified family.

[RobFromGa]

I think they can buy sundries out of their 15 cents an hour paychecks from making license plates, but they mainly are provided for at taxpayer expense.

On a related topic, did you know that under the FairTax, crime will likely be almost zero due to the rise in the general happiness index, so prisons can be used as daycare centers and long-term care facilities for retired IRS workers. And since things will be almost free for everyone, I'm hoping to buy new computers for all the people on FreeRepublic that I like.

[Mojave]

Thanks. That answers the question.

[Your Nightmare]

And since things will be almost free for everyone, I'm hoping to buy new computers for all the people on FreeRepublic that I like.

I've heard it will make all women's boobs much firmer and give their hair a healthy sheen and a perky bounce.

[BTW, can I get one of those computers? Lemme guess, "they fell off a truck."]

[Bigun]

No hyperbole involved and you know it!

The IRS has been guilty of such behavior on occasions to numerous to count in the past and still has the capability today!

[RobFromGa]

Sorry, I don't think that the FairTax will be coming along to save America's horrible economy, or to change the tax code that makes us the pestilent cesspool that the rest of the world just laughs at. So no computers are on the horizon.

thanks for the tip, watching C-Span2 now.

[Bigun]

There is no way that a 30% tax will be collected without stern and unforgiving compliance agents.

So you say but the fact is enforcement mechanisms would be at the individual state level and there is no mechanism for them to abuse individual taxpayers under the fairtax much less destroy them!

You guys are really reaching hard today aren't you?

[tpaine]

WT:
The potential for abuse is far greater on the consumption end than on the income end.

Bigun:
Huh??? You must be joking here William. You cannot really believe that to be true.
We currently have a rogue agency of the government (IRS) with the ability to destroy anyone it chooses at a whim

Quite true. The IRS wields unconstitutional powers, -- badly.

and seek to replace it with nothing!

The IRS/income tax must be repealed.

The government would no longer have need to know even so much as one's NAME for tax collection purposes!

A point of the fairtax idea totally ignored by its opponents.
NO one could be forced to register for either the prebate or social security purposes. Those who wished could make a 'moral point' by refusing to sign up.

[Eaglewatcher]

You know that just might sell!!

[Your Nightmare]

NO one could be forced to register for either the prebate or social security purposes. Those who wished could make a 'moral point' by refusing to sign up.

The bill states "employers shall submit such information to the Social Security Administration as is required by the Social Security Administration to calculate Social Security benefits." That's "shall," not "may."

[Your Nightmare]

thanks for the tip, watching C-Span2 now.

Graetz wouldn't have been my choice to debate Boortz, but he does a pretty good job (once he stop talking about his idea, which is horrible).

[Polybius]

There is no way that a 30% tax will be collected without stern and unforgiving compliance agents.....RobFromGa

So you say but the fact is enforcement mechanisms would be at the individual state level and there is no mechanism for them to abuse individual taxpayers under the fairtax much less destroy them.........Bigun

So, let me get this straight......

The Fair Tax offers a 23% or 30% (whatever) benefit if you succeed in cheating by buying untaxed goods and services on the black market. There will be no Federal enforcement powers and the enforcement will be at the "individual state level" and their enforcement powers will be relatively toothless.

You know what this means?

AMERICANS WILL NO LONGER BE PAYING TAXES!!

Hoo-yah!! Sign me up!!!

[RobFromGa]

His plan is what I predict the FairTax would turn into after it failed spectacularly-- a lower retail sales tax PLUS an income tax.

[William Terrell]

Has a NRST ever been tried? If not, what makes you think it will work out as you like it to? It is because the current heavy handedness of tax collection pisses you off, that you allow yourself to deny probably problems.

Look, for a minute, at what you're advertising. What is it they say about things that are too good to be true?

[William Terrell]

You should dampen your overwhelming desire for the NRST to be what you want it to be, and think about exactly how it will be administered, and what your options would be if it were raised to confiscatory levels.

[William Terrell]

I've address every point concerning the topic I came out here to discuss, the socialist nature of the NRST. I'm not interested in discussing all else. Either confine yourself to the topic I want to discuss now, or don't post to me. I'm going to ignore all off topic posts; I simply don't have the time or the inclination.

I learned years ago that allowing myself to be baited into every point of the NRST (there are so many) I got little done.

If you want to talk to me, that is. You don't have to. I ain't anybody special.

[dmw]

"I ain't anybody special."

Agreed, you ain't.

[RobFromGa]

Boortz just said that in the paperback book they take away the parts about the "Cash Fairy" giving everyone more money, he says that they clarify this to mean that the government will get what they get now, people will get about the same as they make now take-home, and prices will be about the same.

The new edition of the book will get rid of the "keep 100% of your present paycheck" promise. Take-home pay will stay about the same. He admits it even though he still tries to spin it. He says that if you make $10 now, $7 aftertax you will get at least $7 under the FairTax.

What sayeth ye, FairTax supporters-- Boortz says there is no Free Lunch anymore.

[Principled]

ftp://ftp.bls.gov/pub/special.requests/ce/standard/2001/income.txt

where in this data do you see someone who spends below the poverty level?


Oh, you didn't look at the data? Well, open your eyes.

[Mojave]

Thanks for the heads up. Interesting discussion of the fact that the "prebate" would be largest federal entitlement program, bigger even than social security.