there is no tax plan ever that would ever be enacted that would result in our paying less taxes. they’d simply take them out of other pockets. never happen.
the oNly way to reduce taxes is to: CUT SPENDING!!!
I have read and criticized the fair tax enough to make it a shakey proposition. But I must confess that I am just as willing to take a chance on it, as the fiasco that we are currently living under.
I don’t like the “prebate” part of this plan. It is a sop to the poor whom I consider parasites under this plan and the current plan. Let the poor pay taxes just like everyone else. They should not get “a pass” for being poor. They are poor by their own actions and choices and giving them a pass only encourages them to continue making bad choices.
As you point out the way to cut taxes is to cut spending. There are several ways to cut spending beginning with the social programs that support and encourage the poor. The tax breaks that are given businesses and the middle class. If taxes are sufficiently low, there should be no need for a special tax break for business, which granting a special tax break essentially is an admission that taxes are too high.
Certainly the military spends a boatload of money ( I understand the need for this but we are discussing fairness)
“CUT SPENDING!!!”
I agree. If only we had an actual Republican party in leadership instead of the RINOs up there acting like tax-and-spend liberals trying to insure their cushy permanent Congressional positions.
There is actually a huge tax windfall to the government if the fair tax is enacted. Right now the cost of Federal taxes is built into the final cost of the product. Roughly 20% in the US. Foreign imports compete against US goods, only that 20% leaves the country after sale. With the Fair Tax, that 20% stays in the country amounting to about $150 billion per year.
Now admittedly the politicians could just choose to spend that $150 billion, or they could cut the tax rate to remain revenue neutral. But, this would offer the opportunity to cut taxes without cutting spending. It's a one time opportunity, but it's a beauty!
The Fair tax would stop the excess revenue flow out of the country, almost instantly cut the trade deficit by 20% and make US goods more competitive. If automotive unions really understood the Fair Tax they would be forcing it upon us.
However, it would be a lot harder for politicians to raise taxes under the Fair Tax then with the current tax structure. Right now all they have to say is that we are going to “roll back”(aka increase the taxes) the tax cut since the “Rich” do not need a tax break. If the Fair Tax was in play, then it would effect everyone, and not just certain classes. Therefore, it would be a lot harder to do.