First off, it takes weeks to prepare your taxes each year and the entire accounting industry has grown up to support our compliance with this arcane code. The rich pay large sums to accountants and attorneys who exploit loopholes to limit their costs (GE filed a 30,000 page return last year and paid $0 in taxes.) But most importantly, it would eliminate the ability of lobbyists to carve out special loop holes for their exclusive advantage, thereby limiting the power of Congress somewhat.
MarkDouglasC, you have got to be the dumbest man alive. But thanks... your absurd comments actually make people go read about the Fair Tax and when they do, they love it! The overwhelming majority of people who've read about it, support it. So keep up the good work! You do make us laugh!
This video was definately entertaining but not accurate. As it stands, 43% of workers in america have no income tax liability(the poor/low middle class). The 7% above them pay 3% of total income tax while the top 1 % of income earners pay roughly 40% of all income taxes. The tax is rigged against the wealthy (progressive income tax). also the fair tax only replaces the current embedded taxes passed from all hands involved- so no goods/services would costmore than they do now (reference to below)
Good example of fair tax. Get cancer surgery and chemo -- 35,000 in taxes. Buy a new house - 80,000 in taxes. Go on vacation for two weeks -- 3,000 taxes. Buy mid size SUV -- 6,000 in taxes. Need Nursing home care -- 1400 sales taxes a month
First off, it takes weeks to prepare your taxes each year and the entire accounting industry has grown up to support our compliance with this arcane code. The rich pay large sums to accountants and attorneys who exploit loopholes to limit their costs (GE filed a 30,000 page return last year and paid $0 in taxes.) But most importantly, it would eliminate the ability of lobbyists to carve out special loop holes for their exclusive advantage, thereby limiting the power of Congress somewhat.
sdfkjllshadflhadfshl 1 year ago
MarkDouglasC, you have got to be the dumbest man alive. But thanks... your absurd comments actually make people go read about the Fair Tax and when they do, they love it! The overwhelming majority of people who've read about it, support it. So keep up the good work! You do make us laugh!
denimblueindigo 4 years ago 3
This video was definately entertaining but not accurate. As it stands, 43% of workers in america have no income tax liability(the poor/low middle class). The 7% above them pay 3% of total income tax while the top 1 % of income earners pay roughly 40% of all income taxes. The tax is rigged against the wealthy (progressive income tax). also the fair tax only replaces the current embedded taxes passed from all hands involved- so no goods/services would costmore than they do now (reference to below)
coitalyeti 3 years ago
Good example of fair tax. Get cancer surgery and chemo -- 35,000 in taxes. Buy a new house - 80,000 in taxes. Go on vacation for two weeks -- 3,000 taxes. Buy mid size SUV -- 6,000 in taxes. Need Nursing home care -- 1400 sales taxes a month
MarkDouglasC 4 years ago
yup Mark is dead on.
NuclearRadio 3 years ago