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To: Man50D

A fair tax is a VAT tax. How do you assume the IRS goes away with a fair tax? I hate that word ‘fair’ because the Leftists have so mis-used it.

How do you know that if a fair tax isn’t enacted that it won’t be changed like income tax was?


29 posted on 07/21/2010 5:59:14 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine
A fair tax is a VAT tax.

Wrong. The Fair Tax imposes the tax only at the point of sale.

How do you assume the IRS goes away with a fair tax?

I don't assume anything. It will defund the IRS. Both facts you would know if you read the Fair Tax Act because they are in the bill.

How do you know that if a fair tax isn’t enacted that it won’t be changed like income tax was?

How would you charge various rates based on a person's earnings since The Fair Tax is not based on income? Regardless of that point, if Congress were to raise the rate too high they would be slitting their own financial throat since people will respond by lessening their consumption. Less consumption translates into less tax collected by the treasury. Congress can only maximize the amount collected by keeping the rate within moderate bounds.
33 posted on 07/21/2010 6:07:18 AM PDT by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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To: Jack Hydrazine

Gotta jump in.

The “fairtax” is a national RETAIL sales tax or nrst. It is the polar opposite of a VAT.
The nrst shows the tax amount on each receipt. There is no more withholding. There is no more FICA tax. There is no more business tax hidden in higher prices, lower wages, or reduced ROI.

The flat income tax however IS a VAT. It is a “subtraction method VAT”. The flat income tax retains withholding. The flat income tax retains both ee and er FICA on top of the income tax. Business still must pay income taxes and pay them in by charging higher prices, paying lower wages, or reducing ROI. The flat income tax hides taxes.


59 posted on 07/21/2010 9:27:50 AM PDT by Principled (Get the capital back! NRST!)
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To: Jack Hydrazine; exDemMom

How can you insure a Flat tax won’t be manipulated? Flat taxes still require you (and businesses)to file the evermore invasive income filings, detailing every source of revenue and expenditure. None of the governments’ business! Flat taxes still tax behavior that we want to encourage (earning, saving, & investing). Flat taxes leave the IRS with full power.

The Fair Tax is ONLY levied on NEW items at point of CONSUMER purchase. It does not tax earnings, savings, or investments. Does not tax used items or used property. Does not require you to file any earnings report. Does not steal money from your paycheck before you see it. It cuts the IRS by 90%, with their activity being directed towards verifying business sales tax filings.

Fair tax also neuters politicians, since they cannot give state or federal tax credits to corporations in exchange for support.

Please look into the Fair Tax more thoroughly before dismissing it.


63 posted on 07/21/2010 10:31:25 AM PDT by Andrewksu
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