1 posted on
04/21/2002 5:42:46 PM PDT by
Starmaker
To: Starmaker
This allegedly "fair" tax is no more constitutional than the present system. The Feral Government only has authority to tax certain items, not ALL items. The idea was that when any particular excise tax got too high, receipts from that tax would diminish due to reduced consumption of the particular commodity and smuggling, therefore making the tax self-limiting. A recent example of that in action would be the "luxury boat tax." A tax on all sales is simply not Constitutional. The Federalist Papers show that. Furthermore, it does nothing to limit the expansion of welfare state which is the product of the fiat money system (which requires an oppresive tax system) that we currently "enjoy."
2 posted on
04/21/2002 5:57:07 PM PDT by
agitator
To: *Taxreform
Check the
Bump List folders for articles related to and descriptions of the above topic(s) or for other topics of interest.
To: Starmaker
Posing as "tax reform", the NRST (HR 2525) also represents a "land grab" where business interests are favored over individuals purchasing for their own use:
- A family purchasing their own new home for $200,000 pays NRST at a tax-included 23% rate. This means that of the $200,000 paid, $154,000 goes to the seller, and the Gov't receives $46,000 in tax.
- A landlord/investor can exploit the business exemption of NRST and purchase the same new single family dwelling tax free as a rental investment for only $154,000. Tenants pay NRST on rent and Landlords act as tax collectors for the government
- The $154,000 vs. $200,000 purchase price advantage that landlord/investors enjoy over individual personal homebuyers can be expressed two ways:
- Landlord/investors enjoy a 23% discount compared to the individual personal home buyer.
- Individual personal home buyers must pay 29.87% more than landlord/investors.
This a significant inequity between individuals trying to buy their own new homes and landord/investors looking to buy the same single family dwelling as a rental investment. This disparity has long term implications affecting the distribution of private property. The American tradition favoring individual property rights is reversed. The NRST would discourage individual "consumption" of real property.
"... legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind. The descent of property of every kind therefore to all the children,... But it is not too soon to provide by every possible means that as few as possible shall be without a little portion of land. The small landholders are the most precious part of a state."
-- Thomas Jefferson to James Madison, Oct. 28, 1785 -- PROPERTY AND NATURAL RIGHT
To: Starmaker
The incometax will soon be history.
5 posted on
04/21/2002 6:55:13 PM PDT by
taxtruth
To: Starmaker
Simply put by
Corporate Avenger taxes are stealing. We get no choice, its against our will, and the government will use force to get money from us, so taxes are basicllay strong armed robery.
To: Starmaker
The big problem with converting a tax system based on the income tax to one based on the sales tax is: Will the income tax truly be killed, or will it somehow continue to exist, only to be expanded (again) later? Then we will have the worst of both world, an income tax AND a sales tax!!
9 posted on
04/21/2002 8:05:53 PM PDT by
hripka
To: Starmaker
Always read these threads with great interest. Here's one to make ya' all boil up! Maybe Nina Doherty et. al need to take a lesson from the guy I heard about the other day.
This piece of vermine has fathered 6 kids, the kids and the females who bore them are supported by us through the welfare give-away program. The "father" has never seen the kids nor has he ever contributed one dime toward their support.
This miscreant reports a low wage income to the IRS and because he claims the 6 kids he gets a huge "refund" known as the Earned Income Tax Credit.
Happy post 4/15 bump for the children y'all.
26 posted on
04/21/2002 11:50:08 PM PDT by
catfur
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