Effective Federal Tax Rates 2007(as estimated by the Congressional Udget Office), FICA/FT:
1ST Quintile: 5.7%
2nd: 12.3%
3rd: 15.9%
4th: 20%
Top: 26.5%
Top 1% : 30.9%
The "Fair" Tax aka National Sales Tax-inclusive aka "NaSTi" would give ahuge tax cut to the very wealthy while raising the taxes of the middle classes disastrously (yes, even with the proposed "prebate").
What's googolplex? Yeah, I believe a wanna-be economist living in a trailer over real economists, accountants and university professors from MIT, Harvard, Stanford and Boston University. Uh huh...
Well, Mr Wannabe, this could go on forever. I'm still wondering what your agenda is? If the Fair Tax is so bad, why to you continue to bait people into your so called "debate"? You have your mind made up too, my friend! If I put the numbers in front of you, you'd still try to rationalize your agenda. Why don't you do what the Fair Tax people do? Form a support group of Fair Tax haters, meet once a month and jack each other off.
Yes, yes "IF" you put the numbers up... but of course you won't, will you, because you haven't even looked at them-- you rely on the small group of "authorities" who support FT/NST, while ignoring the "authorities" against it. Tell you what, here's the first step-- show numbers that you think prove that the FT/NST would get more taxes from "pimps" as opposed to what I have shown repeatedly with simple math and economic logic, which is that FT/NST would in fact be a "pimps' windfall."
Again, Mr. Wanna-be economist. I won't give you numbers. Why? I'm not an economist. I don't claim to be. I won't try to be something I'm not, as you do. My wife is a corporate officer and CPA, her brother is a tax attorney. I trust them, yes, amen!
So why? Why are you so afraid of the Fair Tax? It's Fail... you said so. What are you worried about?
Is the ground swell, grass roots FairTax movement got you worried? Do something constructive. Form a Fair Tax hater club. Write your congressman.
I wrote my congressman, and he persoanlly wrote back (I went to high school with him) that he no longer supports the "Fair" Tax aka National Sales Tax-inclusive aka "NaSTi"... even though he is listed as a supporter at the AFT site. This is very telling on how accurate/up-to-date their site is.
I will wash your ass and drink the water if any real research was done on the FairTax plan. Research doesnt mean writing crap that just confirms your own pet theory. Call up ten hospitals -- ask the head of each what they will do if they have to tax all their patients 23%. Ask 10 nursing home administrators. Ask 10 presidents of defense contractors. Ask new home builders. Ask if they will call their congressmen or lobbyist to arrange for exemptions. And thats just the start.
If you don't support Fair Tax, you probably don't understand it properly. It was created by lead economists from Harvard and Stanford and other think-tanks in America. Go to fairtax(DOT)org to learn what the Fair Tax is all about.
What's even funnier are the people who claim the following
1) "You can take home your whole paycheck!"
and yet, they claim
2)"Retail prices will drop 23% because the embedded taxes will be gone"
Here's a hint-- if you take home your whole paycheck, those embedded TAXES may be "gone" but the embedded COST is still there for the company. So removing FIT doesn't do much to lower the cost of goods if the employer still has to outlay the same $ as they would with FIT.
emoving FIT, coprorate tax, inheritance tax, and SStaxes costs will not reduce RETAIL prices by anywhere near 23%, especially on goods manufactured in China.
With a "Fair" tax, prices would go up significantly.
Ask someone who has owned a retail store to explain this to you if you don't see why this is true.
Well, you are correct with Chinese made goods going up in prices. No tax system is prefect. Still, IRS is too complex is deadweight on the economy. Still, domestic made goods would drop in price too offset some of those losses. The income tax is progressive to a point. SS, Medicare are regressive taxes. The fair-tax means 3 million points of collections instead of trying to track down 150 million people. Evasion is harder with a fair tax.
The Fair Tax is "Alice in Wonderland" thinking. It would be an enforcement disaster. Once sales taxes get above the 12-15% range black markets kick in along with smuggling, piracy, a barter economy,and more organized crime. The current IRS gestapo would have to be much larger for a sales tax.
Lets not forget the internet is connecting economies throughout the world and now you want to lay a tax on all these internet transactions.
I disagree... there would be far less people evading tax under FairTax as there would now. Businesses would be more likely to be audited because there would be far less of them subject to random audits compared to the amount of people filing income tax returns now.
As for internet sales, the more items we can tax, the less the overall sales tax has to be. If we cut our spending down, we could get the tax rate to about 10%. Few people will risk breaking law for only a 10% break.
The "Fair Tax" idea is a scam created by the Church of Scientology because they were at war with the IRS for not granting their cult tax exempt status. Google up the facts if you want to read more. OpinionJournal has a recent article that exposes the whole thing.
You idiots are falling for a scam made up by a cult that was founded by a hack science fiction writer!!
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Not only does Fairtax add the world's highest fucking sales tax to your rent -- utility bills - medical bills-- insurance payments - EVERYTHING.
The dumb bastards try to tell your dumb ass they will get over a trillion dollars by taxing the fucking government.
Thats right dumb ass -- state,local and federal government is supposed to PAY this shit.
Where the FUCK do you think the fucking government would GET the fucking money to PAY this shit?
Idiot morons. FT is a Farce.
NawwLeans 2 years ago
The IRS isn't complex -- the tax laws are. The IRS just tries to enforce them. Try to grasp that.
We can have a simple fair tax code -- we need one.. But since the Fairtax is a magic pony that shits gold -- in other words, bullshit -- thats not it.
Fairtax is based on the bullshit farce of pretending to tax the federal government a huge sales tax.
Its bullshit. ANd they know it.
Its bullshit for a lot of reasons -- thats just one. But the point is, they KNOW its bullshit and lie to you.
12FlyMe 2 years ago
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Pay rent? Fairtax would put the worlds HIGHEST sales tax on your rent.
Pay car insurance? FT would be worlds HIGHEST sale tax on your car insurance - all your insurance payments.
Pay utility bills? FT is worlds HIGHEST sales tax -- on your utility bill.
Get cancer or other medical problems? FT is worlds highest sales tax on your medical costs.
Want a new house? FT would be worlds highest sale tax on a new home.
Want to pay the worlds HIGHEST sales tax?
Fairtax is 4u.
MarkDouglasC 3 years ago
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Effective Federal Tax Rates 2007(as estimated by the Congressional Udget Office), FICA/FT:
1ST Quintile: 5.7%
2nd: 12.3%
3rd: 15.9%
4th: 20%
Top: 26.5%
Top 1% : 30.9%
The "Fair" Tax aka National Sales Tax-inclusive aka "NaSTi" would give ahuge tax cut to the very wealthy while raising the taxes of the middle classes disastrously (yes, even with the proposed "prebate").
The "Fair" Tax is FAIL.
Diskatopia 4 years ago
What's googolplex? Yeah, I believe a wanna-be economist living in a trailer over real economists, accountants and university professors from MIT, Harvard, Stanford and Boston University. Uh huh...
The only thing that's FAIL is you.
denimblueindigo1 4 years ago
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Your delusions and paranoia are shining through. Suuuuuure, all FT/NST opponents live in trailers and work for the IRS.
I'll leave you with one last tip-- while wallowing in your ignorance, just don't drink the AFT cult Kool-Aid.
PS-- any other supporters of the FT/NST, I am waiting for you to post some numbers to try and support FT claims in an intellectually honest way
Diskatopia 4 years ago
Well, Mr Wannabe, this could go on forever. I'm still wondering what your agenda is? If the Fair Tax is so bad, why to you continue to bait people into your so called "debate"? You have your mind made up too, my friend! If I put the numbers in front of you, you'd still try to rationalize your agenda. Why don't you do what the Fair Tax people do? Form a support group of Fair Tax haters, meet once a month and jack each other off.
denimblueindigo 4 years ago
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Yes, yes "IF" you put the numbers up... but of course you won't, will you, because you haven't even looked at them-- you rely on the small group of "authorities" who support FT/NST, while ignoring the "authorities" against it. Tell you what, here's the first step-- show numbers that you think prove that the FT/NST would get more taxes from "pimps" as opposed to what I have shown repeatedly with simple math and economic logic, which is that FT/NST would in fact be a "pimps' windfall."
Diskatopia 4 years ago
Again, Mr. Wanna-be economist. I won't give you numbers. Why? I'm not an economist. I don't claim to be. I won't try to be something I'm not, as you do. My wife is a corporate officer and CPA, her brother is a tax attorney. I trust them, yes, amen!
So why? Why are you so afraid of the Fair Tax? It's Fail... you said so. What are you worried about?
Is the ground swell, grass roots FairTax movement got you worried? Do something constructive. Form a Fair Tax hater club. Write your congressman.
denimblueindigo 4 years ago
I wrote my congressman, and he persoanlly wrote back (I went to high school with him) that he no longer supports the "Fair" Tax aka National Sales Tax-inclusive aka "NaSTi"... even though he is listed as a supporter at the AFT site. This is very telling on how accurate/up-to-date their site is.
Diskatopia 4 years ago
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The "Fair" Tax aka National Sales Tax-Inclusive aka "NaSTI"--
does not get new taxes from "pimps" but instead gives them free money ("prebate").
does not get rid of loopholes for the wealthy but gives them new easier loopholes.
does not accomplish wht taxes are meant to accomplish (gauging how much one has benefitted from society's use of said taxes).
IT is FAIL to the googolplex power.
Diskatopia 4 years ago
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I will wash your ass and drink the water if any real research was done on the FairTax plan. Research doesnt mean writing crap that just confirms your own pet theory. Call up ten hospitals -- ask the head of each what they will do if they have to tax all their patients 23%. Ask 10 nursing home administrators. Ask 10 presidents of defense contractors. Ask new home builders. Ask if they will call their congressmen or lobbyist to arrange for exemptions. And thats just the start.
MarkDouglasC 4 years ago
If you don't support Fair Tax, you probably don't understand it properly. It was created by lead economists from Harvard and Stanford and other think-tanks in America. Go to fairtax(DOT)org to learn what the Fair Tax is all about.
smerny85 4 years ago
What's even funnier are the people who claim the following
1) "You can take home your whole paycheck!"
and yet, they claim
2)"Retail prices will drop 23% because the embedded taxes will be gone"
Here's a hint-- if you take home your whole paycheck, those embedded TAXES may be "gone" but the embedded COST is still there for the company. So removing FIT doesn't do much to lower the cost of goods if the employer still has to outlay the same $ as they would with FIT.
Diskatopia 4 years ago
emoving FIT, coprorate tax, inheritance tax, and SStaxes costs will not reduce RETAIL prices by anywhere near 23%, especially on goods manufactured in China.
With a "Fair" tax, prices would go up significantly.
Ask someone who has owned a retail store to explain this to you if you don't see why this is true.
Diskatopia 4 years ago
Well, you are correct with Chinese made goods going up in prices. No tax system is prefect. Still, IRS is too complex is deadweight on the economy. Still, domestic made goods would drop in price too offset some of those losses. The income tax is progressive to a point. SS, Medicare are regressive taxes. The fair-tax means 3 million points of collections instead of trying to track down 150 million people. Evasion is harder with a fair tax.
gizmosells 4 years ago
factcheckdotorg
and
fairtaxfrauddotcom
expose the falsehoods of the "Fair" tax plan and the Boortz book the fans follow without question.
Diskatopia 4 years ago
The Fair Tax is "Alice in Wonderland" thinking. It would be an enforcement disaster. Once sales taxes get above the 12-15% range black markets kick in along with smuggling, piracy, a barter economy,and more organized crime. The current IRS gestapo would have to be much larger for a sales tax.
Lets not forget the internet is connecting economies throughout the world and now you want to lay a tax on all these internet transactions.
land4citizens 4 years ago
I disagree... there would be far less people evading tax under FairTax as there would now. Businesses would be more likely to be audited because there would be far less of them subject to random audits compared to the amount of people filing income tax returns now.
As for internet sales, the more items we can tax, the less the overall sales tax has to be. If we cut our spending down, we could get the tax rate to about 10%. Few people will risk breaking law for only a 10% break.
TBEau1 4 years ago
The "Fair Tax" idea is a scam created by the Church of Scientology because they were at war with the IRS for not granting their cult tax exempt status. Google up the facts if you want to read more. OpinionJournal has a recent article that exposes the whole thing.
You idiots are falling for a scam made up by a cult that was founded by a hack science fiction writer!!
mhirtes12 4 years ago
we need fair tax. Then tax will be fair.
brspratt 4 years ago 2