Even FT's own researchers admit it is regressive. Here is the quote from one of the Beacon Hill treatises on the AFT site:
"The key result of the foregoing discussion is that it matters fundamentally how one frames the discussion of the distributional effects of the FairTax. When people are sorted by expenditure per capita, the FairTax is progressive; when they are sorted by income per capita, it is regressive."
This is why the "Fair" Tax aka NASTI is a bad idea for the nation.
question 1) yes. I do too. so does everyone. that's fair as I see it. question 2) agreed. big ol' loophole there. my guess is the nominees will try to buy votes by promising to raise the poverty level for bigger prebates they'll raise the tax rate or cut spending to make up for it. or just make it up out of thin air. that's why we have votes. 3) one step at a time here. you want to go after the state government go ahead. not my biz. unless it's my state. then I'm with you. (cont)
the problem is the Fair tax is not fair, it only effects income tax. The income tax is one of many taxes we pay and it is the cheapest tax we pay. if it is so fair why do they want to send out checks to 60% of the people monthly as a rebate?
@Thewizzardof9 I ask you to read the bill and reconsider that comment. No offence intended here. just read the bill or the books describing the bill. you'll understand when you do.
@laudanum4u thank you for you reply, I still have questions. if I have saved money and I have already paid taxes on it I will be taxed again when I make a purchase, Is that Fair? on the prebate This is a government controlled Subsidy, they can raise and lower it at any time and I am now dependent on the government. do you trust the government? on top of state sales tax it is 30% on a purchase How is that fair? what about sin tax and gas tax, and many other taxes?
@Thewizzardof9 but one answer to the last 2 is transparency. You don't notice your taxes now. so congress can play games screwing one group to benefit others. under the FT if the tax goes up or down it will show on everyones receipt. weather or not you get it all back at the beginning of the month or not, you'll know
the problem is the Fair tax is not fair, it only effects income tax. The income tax is one of many taxes we pay and it is the cheapest tax we pay. if it is so fair why do they want to send out checks to 60% of the people monthly as a rebate?
Fairtax hides this massive, unprecendented, insane fucking tax on government way in the back of the book, in a way they hope stupid fucks won't notice.
Stupid fucks like you.
Here is a clue -- they can't tax the government. They pretend to -- but they can't do it. It's insane. It's physically impossible.
More importantly, they pretend to get this tax money, so on paper their "math" adds up.
Guess what that means, dumb fuck -- it means their math doesn't add up
Our standard of living will increase with the FairTax, because our tax burden (per person) will drop, and because costs of production will drop. The tax burden will be thinned out because illegals and criminals will start paying, finally. Lower production costs will let companies lower prices while maintaining profit margin, because the tax code "compliance" cost will drop. This cost right now is about $900 per person per year. The poor will be "untaxed" without any lines to wait, too!
The Fair Tax is a great idea. Yet I want it at 18% which could be done by big government cuts. Abolishing entitlements and all unconstitutional federal departments. Get it at 18% have all made in America products go down in price 4% and make us more competitive as a whole.
I see a lot wrong with the present tax code -- mostly because work, wages and self employed pay up to 300% higher tax rates on the SAME money.
Just because you worked for your money -- you are taxed far higher?? Why not tax all income the same.
Still -- the fairtax is pure BS hoax. It pretends to get almost 2 trillion by taxing the government. Its total bs, and fairtax leaders know it. Its not a serious plan at all. It's a hoax, a farce.
When you put duty on goods what invariably happens is that you create a black market. This figure of 23% sounds like a lot, so it's not hard to see a vibrant black market springing up to avoid it.
All the business taxes that companies pay accumulate to at least 30%, all of which becomes indirectly embedded into pricing. So going by your logic the current tax code has already sprung up an even larger black market than the one fairtax would supposedly create.
This comment has received too many negative votesshow
rick-- 23%?
The 23% is pure make believe nonsense. Its only 23% if they can count as income over 1.5 trillion in taxes the government pays itself.
And there is no way the government write itself a check and count it as inccome. When the check gets to the bank, the government has to PAY it -- so its not income. Its a big zero.
So Fairtax is absurd nonsense -- and they know it.
Read page 148 of the Fairtax book " The federal government itself will become a major taxpayer"
The problem I have with the fair tax is that I just don't see what is so unfair about the current system that it'd be worth the massive effort to change it.
Joe seems so angry in this video, I just can't work up that much anger about it.
Imagine a group. where each chips in 22% of his income to pay for things important to the group. one year the group decided they need a bridge. Among them are some bridge builders who bid on the project. One is awarded the contract, builds the bridge, and is payed upon completion. 22% of the cost of the bridge is embedded income tax, and counts in this years tax receipts.
The fairtax just replaces an income tax, with a revenue neutral sales tax.
This comment has received too many negative votesshow
Fairtax is deceptive. The leaders know it. It pretends to be able to make the government pay the highest sales tax on earth - to itself, and counts that as income.
Fairtax not only pretends to make the federal government pay this pretend nonsene ---- all cities, states, counties, have to pay it too In fact, they have to pay a huge "sales tax" on all salary expense.
That's how Fairtax math works --and what their plan says. In other words, its bogus.
These are some of the names he uses to spam FairTax videos. He gets blocked, he creates another name and comes back. Problem is, the idiot uses the same arguments over and over, so he's a dead giveaway. He doesn't pay taxes, but he gets a tax refund courtesy of those of us who do.
Arguing over whether Fairtax could be 23% or 30% is like arguing over whether your Magic Pony shits gold, or shits silver. Fairtax pretends they collect over a trillion dollars in sales tax FROM the government!.
Page 148 " The government will become a MAJOR taxpayer"
And that's just by taxing the federal government.
State, local, county government also pay the worlds highest sales tax.
This comment has received too many negative votesshow
Similiar concept?
No - because Fairtax applies their tax to the government itself. The pentagon, the navy, medicare, even state and local governments have to pay this absurdlyll high tax.
Fairtax admits that the "government itself will become a major taxpayer".
Of course it admits that in fine print -- and hopes you don't notice.
That's how they got the math to show 23%. Without that trick - its pure bullshit -- their tax rate would be 60% or more, and they know it.
Read the book? You dumb ass, I have parts of it memorzed you idiot.
Read fuching page 148, for example, you gullible moron.
"The federal government itself will become a MAJOR taxpayer".
Oh fuch yeah - so would all state and local governments -- in fact dumb ass -- FT math is based on getting over a trillion in sales taxes FROM the government.
Thats dumber than dog shit you idiot. And they know it.
But they have to pretend that shit to tell your dumb ass its 23%.
The Fair Tax isn't that much of a farce. Interestingly nearly 61% of countries across the globe have implemented a similar concept. Even more interesting than that is a majority of those countries are among the countries with the least amount of debt. It would do NeilTaxCon to read a little bit before he starts a swearing rant.
He's a spammer. He does it because he doesn't work and he doesn't pay taxes, but he gets a refund courtesy of those of us who do work for a living. He knows if the FairTax passes, he'll have to pay his fair share. Mark him as spam and ignore him.
There's nothing wrong with taxing the government. It's a consumption tax, any one or any entity that consumes something should pay a tax on it.
And FYI NeilTaxCon.... the government already pays just as much of it's own taxes as FairTax proposes. Think about it, every time the government purchases anything from office supplies to aircraft from independent companies, part of the price of that purchase already goes to pay that company's taxes.
You would fuching think -- wouldn't you Joe -- if you could just fuching tax the government to get it to pay about 50% of its own revenue -- other countries would have done it?
But Fairtax geniuses figured it out. Just have the government pay itself
This has been flagged as spam show
Even FT's own researchers admit it is regressive. Here is the quote from one of the Beacon Hill treatises on the AFT site:
"The key result of the foregoing discussion is that it matters fundamentally how one frames the discussion of the distributional effects of the FairTax. When people are sorted by expenditure per capita, the FairTax is progressive; when they are sorted by income per capita, it is regressive."
This is why the "Fair" Tax aka NASTI is a bad idea for the nation.
Diskatopia 2 weeks ago
question 1) yes. I do too. so does everyone. that's fair as I see it. question 2) agreed. big ol' loophole there. my guess is the nominees will try to buy votes by promising to raise the poverty level for bigger prebates they'll raise the tax rate or cut spending to make up for it. or just make it up out of thin air. that's why we have votes. 3) one step at a time here. you want to go after the state government go ahead. not my biz. unless it's my state. then I'm with you. (cont)
laudanum4u 9 months ago
the problem is the Fair tax is not fair, it only effects income tax. The income tax is one of many taxes we pay and it is the cheapest tax we pay. if it is so fair why do they want to send out checks to 60% of the people monthly as a rebate?
Thewizzardof9 11 months ago
@Thewizzardof9 I ask you to read the bill and reconsider that comment. No offence intended here. just read the bill or the books describing the bill. you'll understand when you do.
laudanum4u 9 months ago
@laudanum4u thank you for you reply, I still have questions. if I have saved money and I have already paid taxes on it I will be taxed again when I make a purchase, Is that Fair? on the prebate This is a government controlled Subsidy, they can raise and lower it at any time and I am now dependent on the government. do you trust the government? on top of state sales tax it is 30% on a purchase How is that fair? what about sin tax and gas tax, and many other taxes?
Thewizzardof9 9 months ago
@Thewizzardof9 but one answer to the last 2 is transparency. You don't notice your taxes now. so congress can play games screwing one group to benefit others. under the FT if the tax goes up or down it will show on everyones receipt. weather or not you get it all back at the beginning of the month or not, you'll know
laudanum4u 9 months ago
the problem is the Fair tax is not fair, it only effects income tax. The income tax is one of many taxes we pay and it is the cheapest tax we pay. if it is so fair why do they want to send out checks to 60% of the people monthly as a rebate?
Thewizzardof9 11 months ago
This has been flagged as spam show
Fairtax hides this massive, unprecendented, insane fucking tax on government way in the back of the book, in a way they hope stupid fucks won't notice.
Stupid fucks like you.
Here is a clue -- they can't tax the government. They pretend to -- but they can't do it. It's insane. It's physically impossible.
More importantly, they pretend to get this tax money, so on paper their "math" adds up.
Guess what that means, dumb fuck -- it means their math doesn't add up
12FlyMe 2 years ago
This has been flagged as spam show
Our standard of living will increase with the FairTax, because our tax burden (per person) will drop, and because costs of production will drop. The tax burden will be thinned out because illegals and criminals will start paying, finally. Lower production costs will let companies lower prices while maintaining profit margin, because the tax code "compliance" cost will drop. This cost right now is about $900 per person per year. The poor will be "untaxed" without any lines to wait, too!
urgener 2 years ago
The Fair Tax is a great idea. Yet I want it at 18% which could be done by big government cuts. Abolishing entitlements and all unconstitutional federal departments. Get it at 18% have all made in America products go down in price 4% and make us more competitive as a whole.
cpblackangel88 2 years ago
I see a lot wrong with the present tax code -- mostly because work, wages and self employed pay up to 300% higher tax rates on the SAME money.
Just because you worked for your money -- you are taxed far higher?? Why not tax all income the same.
Still -- the fairtax is pure BS hoax. It pretends to get almost 2 trillion by taxing the government. Its total bs, and fairtax leaders know it. Its not a serious plan at all. It's a hoax, a farce.
TaxTheGovernment 2 years ago
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Plenty wrong with our tax code -- mostly its written by con artists.
We need a simple tax code,
Joe is pushing the dumbest fucking tax con ever -- Fairtax pretends to get half it's money by taxing the government. It's pure horse shit/
Read the FT book "The federal government ITSELF will become a MAJOR taxpayer"
Fuckn BS. If the gov writes itself a check for 1.5 trillion in sales tax, you retard, it has to PAY the check too. So its not fucking income.
Fairtax is pure insane BS
TubeTaxPro 2 years ago
They tried fair-tax in Slovakia and it didnt work, next!
mattleroi 2 years ago
Please psot your findings. A tax system such as this has never been tried so I'd be intrigued to see the detaisl on Slovakia.
BritBoyProductions 2 years ago
When you put duty on goods what invariably happens is that you create a black market. This figure of 23% sounds like a lot, so it's not hard to see a vibrant black market springing up to avoid it.
rickelmonoggin 2 years ago
All the business taxes that companies pay accumulate to at least 30%, all of which becomes indirectly embedded into pricing. So going by your logic the current tax code has already sprung up an even larger black market than the one fairtax would supposedly create.
Rev0lutionIsMyName 2 years ago
And there is a black market in many taxed items such as cigarettes.
rickelmonoggin 2 years ago
My apologies rickel, i didnt realize you were a dolt
Rev0lutionIsMyName 2 years ago
I realized that your were a dolt from the start.
rickelmonoggin 2 years ago
believe whatever you want but i'm not going to waste time arguing with a moron
Rev0lutionIsMyName 2 years ago
Better not argue with yourself then.
rickelmonoggin 2 years ago
This comment has received too many negative votes show
rick-- 23%?
The 23% is pure make believe nonsense. Its only 23% if they can count as income over 1.5 trillion in taxes the government pays itself.
And there is no way the government write itself a check and count it as inccome. When the check gets to the bank, the government has to PAY it -- so its not income. Its a big zero.
So Fairtax is absurd nonsense -- and they know it.
Read page 148 of the Fairtax book " The federal government itself will become a major taxpayer"
BS.
TaxTheGovernment 2 years ago
Comment removed
rickelmonoggin 2 years ago
The problem I have with the fair tax is that I just don't see what is so unfair about the current system that it'd be worth the massive effort to change it.
Joe seems so angry in this video, I just can't work up that much anger about it.
rickelmonoggin 2 years ago
Seriously?
How about 'punishes success'
How about 'Impossible to comply with'
How about 'destroys business'
How about 'forces jobs and industry overseas'
Seriously?
BritBoyProductions 2 years ago 2
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Marc, consider income taxes are like this.
Imagine a group. where each chips in 22% of his income to pay for things important to the group. one year the group decided they need a bridge. Among them are some bridge builders who bid on the project. One is awarded the contract, builds the bridge, and is payed upon completion. 22% of the cost of the bridge is embedded income tax, and counts in this years tax receipts.
The fairtax just replaces an income tax, with a revenue neutral sales tax.
dtvgmedia 2 years ago
This comment has received too many negative votes show
Fairtax is deceptive. The leaders know it. It pretends to be able to make the government pay the highest sales tax on earth - to itself, and counts that as income.
Fairtax not only pretends to make the federal government pay this pretend nonsene ---- all cities, states, counties, have to pay it too In fact, they have to pay a huge "sales tax" on all salary expense.
That's how Fairtax math works --and what their plan says. In other words, its bogus.
Google fairtax absurdity.
MurphysTaxLaw 2 years ago
BullshipDetector, CanteenKid, FarceTax, FilmCriticOne, NawwLeans, MakeMyPower, MarkDouglasC, MyBookDeal, MyBookWork, NavyBeer, NeilTaxCon, PrebateNonsense, Taxfools, TaxSanity, TruthMattersToMe, TubeTaxPro, 12FlyMe.
These are some of the names he uses to spam FairTax videos. He gets blocked, he creates another name and comes back. Problem is, the idiot uses the same arguments over and over, so he's a dead giveaway. He doesn't pay taxes, but he gets a tax refund courtesy of those of us who do.
NAGGERNUTZ 2 years ago 2
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Arguing over whether Fairtax could be 23% or 30% is like arguing over whether your Magic Pony shits gold, or shits silver. Fairtax pretends they collect over a trillion dollars in sales tax FROM the government!.
Page 148 " The government will become a MAJOR taxpayer"
And that's just by taxing the federal government.
State, local, county government also pay the worlds highest sales tax.
How will they get the money to pay their tax?
So it bullshit. It's pretend nonsense,
BullshipDetector 2 years ago
This comment has received too many negative votes show
Similiar concept?
No - because Fairtax applies their tax to the government itself. The pentagon, the navy, medicare, even state and local governments have to pay this absurdlyll high tax.
Fairtax admits that the "government itself will become a major taxpayer".
Of course it admits that in fine print -- and hopes you don't notice.
That's how they got the math to show 23%. Without that trick - its pure bullshit -- their tax rate would be 60% or more, and they know it.
NeilTaxCon 2 years ago
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You fuching retards - no country on earth you idiots charges its own fucking government the world's highest sales tax.
Yes moron -- some have sales taxes -- much lower -- and they DONT fucking pretend to make the government pay itself this tax.
What the fuch is it you don't understand about that?
Fairtax you fucking retard, does pretend to charge the government a huge sales tax.
So Fairtax is lying to your dumb ass.
TruthMattersToMe 2 years ago
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Read the book? You dumb ass, I have parts of it memorzed you idiot.
Read fuching page 148, for example, you gullible moron.
"The federal government itself will become a MAJOR taxpayer".
Oh fuch yeah - so would all state and local governments -- in fact dumb ass -- FT math is based on getting over a trillion in sales taxes FROM the government.
Thats dumber than dog shit you idiot. And they know it.
But they have to pretend that shit to tell your dumb ass its 23%.
TruthMattersToMe 2 years ago
The Fair Tax isn't that much of a farce. Interestingly nearly 61% of countries across the globe have implemented a similar concept. Even more interesting than that is a majority of those countries are among the countries with the least amount of debt. It would do NeilTaxCon to read a little bit before he starts a swearing rant.
iseenhim 2 years ago
He's a spammer. He does it because he doesn't work and he doesn't pay taxes, but he gets a refund courtesy of those of us who do work for a living. He knows if the FairTax passes, he'll have to pay his fair share. Mark him as spam and ignore him.
NAGGERNUTZ 2 years ago
There's nothing wrong with taxing the government. It's a consumption tax, any one or any entity that consumes something should pay a tax on it.
And FYI NeilTaxCon.... the government already pays just as much of it's own taxes as FairTax proposes. Think about it, every time the government purchases anything from office supplies to aircraft from independent companies, part of the price of that purchase already goes to pay that company's taxes.
TBEau1 2 years ago
This has been flagged as spam show
What the fuck don't you get about this retard? The fuckin Fairtax shit pretends it will FUCKING TAX the fucking government you fucking idiot.
Its bullshit.
A sales tax -- fine. But the fucking math reality is -- bird fucking brain -- the rate would be 60% or more.
Thats why fucking FT has to fool your dum ass and tell you it can tax the fucking government.
Yes, its that stupid.
NeilTaxCon 2 years ago
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You would fuching think -- wouldn't you Joe -- if you could just fuching tax the government to get it to pay about 50% of its own revenue -- other countries would have done it?
But Fairtax geniuses figured it out. Just have the government pay itself
Fairtax is pure bullshit.
NeilTaxCon 2 years ago
Consumption tax systems have indeed been implemented throughout the world.
chukmaty 2 years ago
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Joe -- dumb ass -- Fairtrax is a fuching farce. Literally a fuching farce.
Does your dumb ass know that MOST of it supposed tax revenue will come FROM the government ?
That's right FROM the government. Because thats how they have to add it up to fool dumb asses -- like you.
There would be a sales tax on ALL government spending --
Fairtax Book page 149 "The federal government itself will become a MAJOR taxpayer"
Notice how they hide that shit deep in some paragraph no one read
NeilTaxCon 2 years ago