Is the FT/NASTI progressive or 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."
Those who undertand what this means now understand what a bad idea the "Fair" Tax is.
Think this through to see why the "embedded taxes" argument is false-- if one considers taxes as embedded in the price item (rather than seeing them as something paid at different rates from embedded WAGES by workers), If you state prices with tax will basically not rise because of "embedded taxes" removal-- thus your paycheck stays the SAME as now-- how are "criminals" paying taxes-- your check is the same, items cost same.
Answer: YOU are still paying by your paycheck staying the same. DOH!
then, you "bring home everything you make"-- business still has to pay the same as before except for 7.65% of wages, just giving it all to you instead of gov. The MAX savings, in extreme cases, would be 7.65% (biz with no costs except wages). So items now cost= (100%-7.65%)*30%, or 120.55% of what they cost before, and again, that is only the BEST case scenario of wages =100% of cost.
The trick comes in supporters counting taxes TWICE: must consider them embedded or paid by workers, not both.
The "things cost less" line is disengenuous at best-- if everyone "keeps their whole paycheck", then the only savings for most business is the amount they pay in as FICA share-- 7.65% of wages. Things might be slightly less-- 2-3% maybe... then a 30% e/23%i tax is tacked on.
@MerlinYoda "their lifetime utilities show a positive percentage change"
Hopefully you have realized the trick they are pulling there to get the middleclass to positive utilities, as evidenced in TABLE 13-- they have the "lifetime utilities" go up by having the middleclass persons (or data points) falling into poverty every few years. I posted a several part explanation of this fudging of data by the researchers on the other video.
There really is no debate, as Americans For Fair Taxation's OWN RESEARCH states this fact: the "Fair" Tax aka National Sales Tax-Inclusive aka NASTI would on average raise the effective taxes (i.e. raise the amount of taxes they pay) of those making from around $15,000 to $150,000 ,and would on average lower the taxes paid by those who make more than $150,000 a year. It is a very bad idea, and would destroy the US economy if enacted. Thankfully it never will even be considered for a vote.
@Diskatopia That is incorrect. You're providing false and misleading information. No research that I have ever seen from AFFT (or any other pro-FairTax related organization) shows that. What you're seeing is skewed information provided by people like Bruce Bartlett and Lawrence Vance, and websites like FactCheck. Their claims have all been refuted multiple times over the past 4 years.
If you would take the time to learn about the FairTax on your own, you might understand that.
@TXFairTaxer Nope, you clearly know nothing about the research that SUPPORTERS' own site touts. Go to tinyurl 593htl, read page 30 on, and you will see-- it is not a debateable point, that is the research ON THEIR OWN SITE at fairtax.org. No one has refuted the claim because they can't, it is very clear for those who are not to lazy to go and see. If you go there and read, you will see, otherwise you will keep falling for the "Fair" Tax scam.
@TXFairTaxer And your next claim after reading page 30 on will be that "it states 'utility' (well-being) of almost everyone improves!" At that point I will point you to Table 13, and tell you to note the trick they do in years 7-8 and 15-16 to fudge the data so they can claim "nearly everyone improves"-- they have the utility of the person whose income DROPS from around $40,000 a year to less than $10,000 a year go UP. When you understand Table13, you will realize the whole "Fairtax" is a scam.
@Diskatopia Living in a fantasy world sure sounds like fun, but I fully understand the FairTax exactly how it is written. Go read the rebuttals and you'll have a better understanding of it too. fairtax,org/rebuttals
So the cattle, who must consume everything they are given to consume, get taxed. And those that own the cattle, who only consume a very small part of what they make, get to pay a very small amount of tax. It's not a Fair Tax really. It's another cage for the cattle, but not the cattle owners, isn't it?
For proof that the "Fair Tax" aka National Sales Tax Inclusive aka NASTI would raise the taxes of those making from about $15k to $150k a year while greatly lowering the taxes of most who make from around $150k up, one only needs to read and understand pages 30 on of one of fairtaxorg's own "research" at tinyurl 593htl. Pay particular attention to table 13-- this is how they claim the middleclass is better off under FT/NASTI, by them FALLING INTO POVERTY LEVEL every few years (see years 7-8).
Prices will not rise with the FairTax. When the income tax is removed, prices will drop due to competition. This has always happened in the past. Ask any economics student. Profits stay steady at 5 to 8 percent. That's the beauty of capitalism. The poor will pay no taxes, due to the prebate. MORE people will be
paying taxes because illegals and criminals will pay. 250 billion dollars will be eliminated from the collection overhead.
Yes! Under the Fair Tax, everyone who isn't paying income tax now, would end up paying their taxes via what they consume. This means all criminals, under the table workers, tourists to the USA, and others would actually be paying into the system. What a novel idea!
A better analogy could have been used with the lunch itself. As they're explaining to the lady the tax, they take away 1/4 of her food. They explain that that 1/4 is going to the federal government. It's a lot more than the 15% she's used to having taken away. Then you show a rich man ordering a buffet. He still gets 1/4 of his food taken away, leaving him with still large buffet. If she asks for his food, he calls her a Socialist and kicks her in the face. Not a very fair tax!
@djtyg don't forget to show her getting a quarter of that sandwich extra at the beginning of each month. chapter 3 H.R. 25. please look it up, sir. I hope it'll change you're mind.
Imagine people who actually work for a living paying half their income in taxes while rich people who don't work at all pay only a tiny fraction of a percent of their income in taxes.
Imagine those who get the most benefit from government infrastructure paying the least for it.
Imagine paying much more than you actually pay in taxes now, but paying it all in "sales tax" so you can pretend you're making more money.
That's how the "fair tax" works. It's a tax on people who are bad at math.
Only to you Mark. Sometimes the lone voice of reason really is. the other 99.9% of the time it's just some guy off his meds.
Ch 10 question 6 FairTax: the truth explains the government paying self argument. medical costs drop about 5%. Even after the FT. so there goes your cancer victim card. The prebate covers rent, gas, and utilities taxes with a bunch to spare. And yes me and all the other FT leaders (You can't seem to name) are pushing for hearings. Now start cursing some more. It helps
Once we get HR25, the FairTax bill, our standard of living will rise, because the same budget of the fed gov will be spread thinner to include the illegals and the criminals. Also, prices will drop since the expence of tax experts will be removed from production costs. Right now this cost of compliance is about $900 per person in the US, or 350 billion dollars. The poor will be "untaxed", too. This makes the FairTax very progressive. Poor people live totally tax free!
@mark,PowerPlantEngineer,DontTrustTaxCons and 32 other nicknames you use
Your point is meaningless because the fairtax just replaces the current federal income tax cost embedded in city and state spending. The fairtax doesn't add a cost as you try to suggest.
Your pretended outrage is selective and therefor disingenuous.
Dtv Fairtax doesnt add anything -- no one is trying to pass it. It own leaders know it's a farce.
You cant give everyone a huge raise, remove all taxes, and then have the price of the products the same. You dumb fucks pretend layer after layer of insane shit.
But it sounds great, until you realize, it's a farce. Even it's own leaders know it's pure bullshit and are not trying to pass it.
@SteamboatPolar January 1st the year the fairtax goes into effect retailers get a 23% credit on all inventory for income taxes already payed. If retailers do not drop their cost by 23% consumers will know and shop else ware.
Removing the regulatory cost of compliance covers and lower rates on business loans covers much of the personal income tax on wages that people are now taking home.
Fairtax is a massive new tax -- all cities and state would pay a HUGE sales tax (the world's largest tax) on everything it spends.
Read the Fairtax Answer Book, pages 138-142. States and local government pay this tax. Funny how the FT folks never told the states and cities about this.
Besides being based on getting money from all the cities and states in a huge tax, FT says "Even the federal government will become a MAJOR taxpayer" Page 148.
The constitution on which our country is founded establishes a limited federal government, and Fair Tax is the only way we will get our federal government back within their means.
I think the simplest reply I could give to this is: only a tax cheat wouldn't want this passed. Ooh look, our Fed. Government is full of tax cheats!
I just got back from that web site and if the blogger in charge allows my post you can read how I debunked your argument. not enough space here for a comment.
You'll have trouble convincing me that once the fairt tax is made law, those manufacturers that were supposed to lower their costs and selling prices, will not be tempted to gradually raise them again...and there is nothing to stop them from once again telling the cvonsumer.."A.ha...Gotcha!"
What keeps them from raising prices is called free market capitalism. Competition in the marketplace. That's what holds prices down. A prime example is Wal Mart. Wal Mart started their $4.00 prescription drug program, which forced others to follow. Every business in the country will be jockeying for a larger market share by keeping their prices low.
Actually the market sets the prices and prices will be competitive, so if the business tries to raise prices they will go out of business because they can't compete. Check out the book FairTax: The Truth. Have a good day.
J5 I read the Fairtax books, they are fucking insane shit. You are one gullible moron. Did you notice the parts -- barely mentioned -- that says the GOVERNMENTE will be our biggest taxpayer?
If you don't know that's bullshit, you are one dumb gullible idiot.
@SteamboatPolar taxes be it an income tax or a consumption tax is payed because a consumer purchased your product. The cost of tax are always payed by the consumer. Because government is already the biggest consumer, it pays the cost of taxes on private income from public purchases. Additionally governments pay the cost of employer payed, employee payed payroll taxes and employee income tax for government employees. Under the fairtax governments continue to pay the same cost as they do now.
Dtv -- the FT will never pass idiot. It's own leaders are making sure it never even has a hearing.
remember their mantra "Corporations don't pay taxes -- only people do"?
Well dumb fuck - they have the GOVERNMENT paying over 2 trillion in taxes. If every city, every state, every county, even the military and medicare paid huge taxes -- people could be left alone.
That's how fucking crazy their plan is, dumb ass. And they know it. It's a fucking farce you idiot.
So the GOVERNMENT can pay taxes -- WITHOUT passing the cost along retard?
Do you see any FUCKING crap here you gullible fucking idiot. Fairtax pretends they will get 2 trillion in taxes FROM the government. What the fuck is wrong with you retard?
Where the FUCK will the government get it to pay it dumb fuck? It's fucking looney as hell dumb ass.
But no loopholes might sound wonderful -- but how can state and city government pay the world''s highest sales tax on what they spend - without passing the cost on?
No state or city pay sales taxes now --nor the federal government. Fairtax pretends they would -- that's how fairtax math works - collect well over a trillion in sales taxes.
Who out there can't understand that Fairtax means EVERYONE pays taxes and there are no loopholes!! Like some state Governor's whose official salary is $1. Give me a break!
Posts including profanity and personal attacks have been and will continue to be removed.
FairTaxHUB is meant to push the FairTax conversation forward. The FairTax idea is powerful and would revolutionize this country economically and by extension socially. The current system is punishing work ethic and ambition...the very things a slowing economy needs more of. We at the HUB are not focused on what the tax percentage is or if government taxes its own services. Its the overall idea we need.
I agree. I wish everyone would take the time to read the FairTax Bill (Plain English Version). You can even download it to your computer. I did. My wife is a CPA and has a Masters in Business from Duke University. She loves the FairTax. Her bother also has a masters in business from Duke and a law degree from WVU. He's currently a deputy attorney general, although I can't mention the state here. He specializes in tax. He loves it also!
Because FairTax has no taxes on -earning- money, you will have a GIGANTIC inflow of liquidity from Americans returning all that money "offshored" for income tax reduction reasons and foreigners taking advantage of the USA now being the world's biggest legal tax haven. The possibility of a liquidity injection into the USA as high as US$20 TRILLION is under FairTax is very enticing indeed. In fact, this injection would literally save even Citicorp and AIG.
Isn't it beautiful? A permanent stimulus. Pretty easy to figure out... well, at least for some of us. My wife and I sat down and did a spreadsheet, based on data from the FairTax bill and data. We would be doing so much better.
Do you know what US$20 TRILLION can do to the US economy?
Let's take for example AIG. Can you imagine if AIG could get--oh, US$1 trillion--in new investments in a completely private manner with no government intervention because they know there will never be a tax on dividends and capital gains on the stock?
Every private business in the USA should be pushing for FairTax, if only to save the company!
NavyBeer aka MarkDouglasC aka NoJunkAlowed aka MakeMyPower aka MyBookDeal aka CanteenKid are the same person!
His hobby is spamming FairTax videos with multiple comments to drown out anyone who supports the FairTax! You will see him all over the internet on other FairTax videos. My advice is to mark him as spam and block him. If not, he will continue to spam.
Right. We are already paying taxes on these items. You just don't notice it because it is embedded in the price. This way the taxes paid are out in the open in plain sight for all to see. Who pays taxes for babysitting? You give the girl from your church $10 an hour in cash.
I'm speechless...."We tax what you consume as you consume it."
It's like Turning the Tax Code GREEN! The More you Consume the more Taxes you Pay!!! The Less you Consume and more caring for the environment you are, the less you pay.
I am afraid that big government is not only loved by Democrats but by Republicans also. We need new leadership and little or no more government. If the services the government provide have value, people will voluntarily pay for them. My solution to stimulate the economy now is to not charge anyone taxes of any kind for one full year. That will have an immediate impact.
The Dims will never let this happen. They are all for Socialized labor, Socialized healthcare, taking money FROM you before it's even paid TO you .. Oh .. and on top of that, they make us spend an average of $300 to $400 BILLION dollars every year to file for that piddly little refund (although it is smarter to get no refund at all .. but you still have to file!)
They are running the greatest scam in the history of the Planet, and millions of good comrades just voted for an even LARGER scam!
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Is the FT/NASTI progressive or 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."
Those who undertand what this means now understand what a bad idea the "Fair" Tax is.
Diskatopia 4 days ago
Think this through to see why the "embedded taxes" argument is false-- if one considers taxes as embedded in the price item (rather than seeing them as something paid at different rates from embedded WAGES by workers), If you state prices with tax will basically not rise because of "embedded taxes" removal-- thus your paycheck stays the SAME as now-- how are "criminals" paying taxes-- your check is the same, items cost same.
Answer: YOU are still paying by your paycheck staying the same. DOH!
FairTaxisaLie 3 months ago
then, you "bring home everything you make"-- business still has to pay the same as before except for 7.65% of wages, just giving it all to you instead of gov. The MAX savings, in extreme cases, would be 7.65% (biz with no costs except wages). So items now cost= (100%-7.65%)*30%, or 120.55% of what they cost before, and again, that is only the BEST case scenario of wages =100% of cost.
The trick comes in supporters counting taxes TWICE: must consider them embedded or paid by workers, not both.
FairTaxisaLie 3 months ago
The "things cost less" line is disengenuous at best-- if everyone "keeps their whole paycheck", then the only savings for most business is the amount they pay in as FICA share-- 7.65% of wages. Things might be slightly less-- 2-3% maybe... then a 30% e/23%i tax is tacked on.
FairTaxisaLie 3 months ago
@DiskTopia From the very page 30 you note: "Let’s assume, nevertheless, that a household that belongs to a given income category in 2007
will remain in the same category over the next 24 years. Table 9 shows that, were we to make
that unrealistic assumption, five out of seven household groups would gain under the FairTax;
their lifetime utilities show a positive percentage change."
The chart shows that, even with absurd assumptions that are stacked against the FairTax, 5 of 7 *still* benefit!
MerlinYoda 3 months ago
@MerlinYoda "their lifetime utilities show a positive percentage change"
Hopefully you have realized the trick they are pulling there to get the middleclass to positive utilities, as evidenced in TABLE 13-- they have the "lifetime utilities" go up by having the middleclass persons (or data points) falling into poverty every few years. I posted a several part explanation of this fudging of data by the researchers on the other video.
FairTaxisaLie 3 months ago
There really is no debate, as Americans For Fair Taxation's OWN RESEARCH states this fact: the "Fair" Tax aka National Sales Tax-Inclusive aka NASTI would on average raise the effective taxes (i.e. raise the amount of taxes they pay) of those making from around $15,000 to $150,000 ,and would on average lower the taxes paid by those who make more than $150,000 a year. It is a very bad idea, and would destroy the US economy if enacted. Thankfully it never will even be considered for a vote.
Diskatopia 4 months ago
@Diskatopia That is incorrect. You're providing false and misleading information. No research that I have ever seen from AFFT (or any other pro-FairTax related organization) shows that. What you're seeing is skewed information provided by people like Bruce Bartlett and Lawrence Vance, and websites like FactCheck. Their claims have all been refuted multiple times over the past 4 years.
If you would take the time to learn about the FairTax on your own, you might understand that.
TXFairTaxer 3 months ago in playlist fair tax
@TXFairTaxer Nope, you clearly know nothing about the research that SUPPORTERS' own site touts. Go to tinyurl 593htl, read page 30 on, and you will see-- it is not a debateable point, that is the research ON THEIR OWN SITE at fairtax.org. No one has refuted the claim because they can't, it is very clear for those who are not to lazy to go and see. If you go there and read, you will see, otherwise you will keep falling for the "Fair" Tax scam.
Diskatopia 3 months ago
@TXFairTaxer And your next claim after reading page 30 on will be that "it states 'utility' (well-being) of almost everyone improves!" At that point I will point you to Table 13, and tell you to note the trick they do in years 7-8 and 15-16 to fudge the data so they can claim "nearly everyone improves"-- they have the utility of the person whose income DROPS from around $40,000 a year to less than $10,000 a year go UP. When you understand Table13, you will realize the whole "Fairtax" is a scam.
Diskatopia 3 months ago
@Diskatopia Living in a fantasy world sure sounds like fun, but I fully understand the FairTax exactly how it is written. Go read the rebuttals and you'll have a better understanding of it too. fairtax,org/rebuttals
TXFairTaxer 3 months ago
The one "dislike" must be a freakin' Democrat.
FairTaxfan2009 4 months ago
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So the cattle, who must consume everything they are given to consume, get taxed. And those that own the cattle, who only consume a very small part of what they make, get to pay a very small amount of tax. It's not a Fair Tax really. It's another cage for the cattle, but not the cattle owners, isn't it?
milofonbil 7 months ago
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For proof that the "Fair Tax" aka National Sales Tax Inclusive aka NASTI would raise the taxes of those making from about $15k to $150k a year while greatly lowering the taxes of most who make from around $150k up, one only needs to read and understand pages 30 on of one of fairtaxorg's own "research" at tinyurl 593htl. Pay particular attention to table 13-- this is how they claim the middleclass is better off under FT/NASTI, by them FALLING INTO POVERTY LEVEL every few years (see years 7-8).
FairTaxisaLie 7 months ago
Prices will not rise with the FairTax. When the income tax is removed, prices will drop due to competition. This has always happened in the past. Ask any economics student. Profits stay steady at 5 to 8 percent. That's the beauty of capitalism. The poor will pay no taxes, due to the prebate. MORE people will be
paying taxes because illegals and criminals will pay. 250 billion dollars will be eliminated from the collection overhead.
urgener 1 year ago
Yes! Under the Fair Tax, everyone who isn't paying income tax now, would end up paying their taxes via what they consume. This means all criminals, under the table workers, tourists to the USA, and others would actually be paying into the system. What a novel idea!
jeremywomackdotcom 1 year ago
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@jeremywomackdotcom please read my earlier comments to djtyg and TooTired
laudanum4u 1 year ago
A better analogy could have been used with the lunch itself. As they're explaining to the lady the tax, they take away 1/4 of her food. They explain that that 1/4 is going to the federal government. It's a lot more than the 15% she's used to having taken away. Then you show a rich man ordering a buffet. He still gets 1/4 of his food taken away, leaving him with still large buffet. If she asks for his food, he calls her a Socialist and kicks her in the face. Not a very fair tax!
djtyg 1 year ago 3
@djtyg don't forget to show her getting a quarter of that sandwich extra at the beginning of each month. chapter 3 H.R. 25. please look it up, sir. I hope it'll change you're mind.
laudanum4u 1 year ago
@laudanum4u I wrote that three months ago and you're responding now? Quit bothering me!
djtyg 1 year ago
Imagine people who actually work for a living paying half their income in taxes while rich people who don't work at all pay only a tiny fraction of a percent of their income in taxes.
Imagine those who get the most benefit from government infrastructure paying the least for it.
Imagine paying much more than you actually pay in taxes now, but paying it all in "sales tax" so you can pretend you're making more money.
That's how the "fair tax" works. It's a tax on people who are bad at math.
TooTiredToSleep 1 year ago
@TooTiredToSleep read chapter 3 of the h.r. 25. working poor don't pay any taxes and actually profit a bit.
laudanum4u 1 year ago
Only to you Mark. Sometimes the lone voice of reason really is. the other 99.9% of the time it's just some guy off his meds.
Ch 10 question 6 FairTax: the truth explains the government paying self argument. medical costs drop about 5%. Even after the FT. so there goes your cancer victim card. The prebate covers rent, gas, and utilities taxes with a bunch to spare. And yes me and all the other FT leaders (You can't seem to name) are pushing for hearings. Now start cursing some more. It helps
laudanum4u 2 years ago
So corporations can't pay taxes - cause they just pass the cost along, right?
Okay dumb ass, they why does FT pretend GOVERNMENT can pay massive taxes -- wouldn't they have to pass the cost along, idiot?
Fairtax leaders know this, dumb ass. That's why they hid that shit. That's why they barely mentioned the biggest source of revenue.
Their tax on government is fucking insane shit, dumb fuck - and they know that. That''s why they aren't trying to pass it.
It's a fucking farce.
SteamboatCamp 2 years ago
Once we get HR25, the FairTax bill, our standard of living will rise, because the same budget of the fed gov will be spread thinner to include the illegals and the criminals. Also, prices will drop since the expence of tax experts will be removed from production costs. Right now this cost of compliance is about $900 per person in the US, or 350 billion dollars. The poor will be "untaxed", too. This makes the FairTax very progressive. Poor people live totally tax free!
urgener 2 years ago
@mark,PowerPlantEngineer,DontTrustTaxCons and 32 other nicknames you use
Your point is meaningless because the fairtax just replaces the current federal income tax cost embedded in city and state spending. The fairtax doesn't add a cost as you try to suggest.
Your pretended outrage is selective and therefor disingenuous.
dtvgmedia 2 years ago
Dtv Fairtax doesnt add anything -- no one is trying to pass it. It own leaders know it's a farce.
You cant give everyone a huge raise, remove all taxes, and then have the price of the products the same. You dumb fucks pretend layer after layer of insane shit.
But it sounds great, until you realize, it's a farce. Even it's own leaders know it's pure bullshit and are not trying to pass it.
SteamboatPolar 2 years ago
@SteamboatPolar January 1st the year the fairtax goes into effect retailers get a 23% credit on all inventory for income taxes already payed. If retailers do not drop their cost by 23% consumers will know and shop else ware.
Removing the regulatory cost of compliance covers and lower rates on business loans covers much of the personal income tax on wages that people are now taking home.
dtvgmedia 2 years ago
Fairtax Answer book, pages 138-142, says all cities and states have to pay this sales tax too - on all their spending.
Keep in mind -- its the world's highest sale tax.
So -- why don't the mayors and governors know they will have to pay this? And how will they pay this tax?
Fairtax isnt trying to fool anyone, are they??
DontTrustTaxCons 2 years ago
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Fairtax is a massive new tax -- all cities and state would pay a HUGE sales tax (the world's largest tax) on everything it spends.
Read the Fairtax Answer Book, pages 138-142. States and local government pay this tax. Funny how the FT folks never told the states and cities about this.
Besides being based on getting money from all the cities and states in a huge tax, FT says "Even the federal government will become a MAJOR taxpayer" Page 148.
Fairtax is a lying crock of crap.
SteamboatPolar 2 years ago
The Fairtax concept is awesome -- but so is the concept of a magician making a dove come out of a napkin.
Here is a clue -- the dove didn't come from the napkin.
Fairtax napkin trick is revealed on page 148 of FT Book "The federal government itself will become a MAJOR taxpayer"
When the fed gov sends itself a check -- it has to PAY the check too. So there is no spendable income from itself.
Yes-- its silly as that. And Fairtax leaders know it. It's not a serious plan.
PowerPlantEngineer 2 years ago
The constitution on which our country is founded establishes a limited federal government, and Fair Tax is the only way we will get our federal government back within their means.
I think the simplest reply I could give to this is: only a tax cheat wouldn't want this passed. Ooh look, our Fed. Government is full of tax cheats!
Agent4God 2 years ago
Amen that's true, only a tax cheat won't want this passed, but they're dumb, because they're productivity won't be punished anymore either!
j5ivek 2 years ago
the fairtax lays the foundation for every one to see what government cost them (freedom)
dtvgmedia 2 years ago
I just got back from that web site and if the blogger in charge allows my post you can read how I debunked your argument. not enough space here for a comment.
laudanum4u 2 years ago
You'll have trouble convincing me that once the fairt tax is made law, those manufacturers that were supposed to lower their costs and selling prices, will not be tempted to gradually raise them again...and there is nothing to stop them from once again telling the cvonsumer.."A.ha...Gotcha!"
Oneoldman1 2 years ago
What keeps them from raising prices is called free market capitalism. Competition in the marketplace. That's what holds prices down. A prime example is Wal Mart. Wal Mart started their $4.00 prescription drug program, which forced others to follow. Every business in the country will be jockeying for a larger market share by keeping their prices low.
NAGGERNUTZ 2 years ago 3
Actually the market sets the prices and prices will be competitive, so if the business tries to raise prices they will go out of business because they can't compete. Check out the book FairTax: The Truth. Have a good day.
j5ivek 2 years ago
J5 I read the Fairtax books, they are fucking insane shit. You are one gullible moron. Did you notice the parts -- barely mentioned -- that says the GOVERNMENTE will be our biggest taxpayer?
If you don't know that's bullshit, you are one dumb gullible idiot.
SteamboatPolar 2 years ago
@SteamboatPolar taxes be it an income tax or a consumption tax is payed because a consumer purchased your product. The cost of tax are always payed by the consumer. Because government is already the biggest consumer, it pays the cost of taxes on private income from public purchases. Additionally governments pay the cost of employer payed, employee payed payroll taxes and employee income tax for government employees. Under the fairtax governments continue to pay the same cost as they do now.
dtvgmedia 2 years ago
Dtv -- the FT will never pass idiot. It's own leaders are making sure it never even has a hearing.
remember their mantra "Corporations don't pay taxes -- only people do"?
Well dumb fuck - they have the GOVERNMENT paying over 2 trillion in taxes. If every city, every state, every county, even the military and medicare paid huge taxes -- people could be left alone.
That's how fucking crazy their plan is, dumb ass. And they know it. It's a fucking farce you idiot.
SteamboatCamp 2 years ago
DVT are you fucking retarded??
So the GOVERNMENT can pay taxes -- WITHOUT passing the cost along retard?
Do you see any FUCKING crap here you gullible fucking idiot. Fairtax pretends they will get 2 trillion in taxes FROM the government. What the fuck is wrong with you retard?
Where the FUCK will the government get it to pay it dumb fuck? It's fucking looney as hell dumb ass.
SteamboatPolar 2 years ago
Yes -- no loopholes. Sounds great I know.
But no loopholes might sound wonderful -- but how can state and city government pay the world''s highest sales tax on what they spend - without passing the cost on?
No state or city pay sales taxes now --nor the federal government. Fairtax pretends they would -- that's how fairtax math works - collect well over a trillion in sales taxes.
So that can't happen. Its just silly.
IowaSea 2 years ago
Hey, the goverment buys from company A, part of the price in company A's product goes to pay it's workers' income and payroll taxes.
With the FairTax the government just pays that instead. Don't know how this is so difficult for people to understand.
gymwear5 2 years ago
Who out there can't understand that Fairtax means EVERYONE pays taxes and there are no loopholes!! Like some state Governor's whose official salary is $1. Give me a break!
amishell01 2 years ago
Posts including profanity and personal attacks have been and will continue to be removed.
FairTaxHUB is meant to push the FairTax conversation forward. The FairTax idea is powerful and would revolutionize this country economically and by extension socially. The current system is punishing work ethic and ambition...the very things a slowing economy needs more of. We at the HUB are not focused on what the tax percentage is or if government taxes its own services. Its the overall idea we need.
FairTaxHub 2 years ago
I agree. I wish everyone would take the time to read the FairTax Bill (Plain English Version). You can even download it to your computer. I did. My wife is a CPA and has a Masters in Business from Duke University. She loves the FairTax. Her bother also has a masters in business from Duke and a law degree from WVU. He's currently a deputy attorney general, although I can't mention the state here. He specializes in tax. He loves it also!
NAGGERNUTZ 3 years ago
Because FairTax has no taxes on -earning- money, you will have a GIGANTIC inflow of liquidity from Americans returning all that money "offshored" for income tax reduction reasons and foreigners taking advantage of the USA now being the world's biggest legal tax haven. The possibility of a liquidity injection into the USA as high as US$20 TRILLION is under FairTax is very enticing indeed. In fact, this injection would literally save even Citicorp and AIG.
Sacto1654 3 years ago
Isn't it beautiful? A permanent stimulus. Pretty easy to figure out... well, at least for some of us. My wife and I sat down and did a spreadsheet, based on data from the FairTax bill and data. We would be doing so much better.
NAGGERNUTZ 3 years ago
Do you know what US$20 TRILLION can do to the US economy?
Let's take for example AIG. Can you imagine if AIG could get--oh, US$1 trillion--in new investments in a completely private manner with no government intervention because they know there will never be a tax on dividends and capital gains on the stock?
Every private business in the USA should be pushing for FairTax, if only to save the company!
Sacto1654 3 years ago
ATTENTION PEOPLE
NavyBeer aka MarkDouglasC aka NoJunkAlowed aka MakeMyPower aka MyBookDeal aka CanteenKid are the same person!
His hobby is spamming FairTax videos with multiple comments to drown out anyone who supports the FairTax! You will see him all over the internet on other FairTax videos. My advice is to mark him as spam and block him. If not, he will continue to spam.
NAGGERNUTZ 3 years ago
You are already paying taxes for these things.
blanchfield137 3 years ago
Don't you realize that you already are?
adamspreston99 3 years ago
Right. We are already paying taxes on these items. You just don't notice it because it is embedded in the price. This way the taxes paid are out in the open in plain sight for all to see. Who pays taxes for babysitting? You give the girl from your church $10 an hour in cash.
blanchfield137 3 years ago
I'm speechless...."We tax what you consume as you consume it."
It's like Turning the Tax Code GREEN! The More you Consume the more Taxes you Pay!!! The Less you Consume and more caring for the environment you are, the less you pay.
HOLY MOLY!
Creation27 3 years ago
Like the realism -- direct -- plain spoken down to earth. Great commercial!
tom1600x1050 3 years ago
I am afraid that big government is not only loved by Democrats but by Republicans also. We need new leadership and little or no more government. If the services the government provide have value, people will voluntarily pay for them. My solution to stimulate the economy now is to not charge anyone taxes of any kind for one full year. That will have an immediate impact.
blanchfield137 3 years ago
The Dims will never let this happen. They are all for Socialized labor, Socialized healthcare, taking money FROM you before it's even paid TO you .. Oh .. and on top of that, they make us spend an average of $300 to $400 BILLION dollars every year to file for that piddly little refund (although it is smarter to get no refund at all .. but you still have to file!)
They are running the greatest scam in the history of the Planet, and millions of good comrades just voted for an even LARGER scam!
DJFla 3 years ago
It's a good idea...that's why the fat cats will never let it happen.
WolfSyndrome 3 years ago
71 cosponsors so far in the House...that's a ton! A little work spreading the word for 15 years and will make it happen
Now what are you going to do about it?
HowTheWorldWorks 3 years ago
umm...sit back, relax, and enjoy the show?
WolfSyndrome 3 years ago
Illegals.... under the table worker.... all pay taxes.... And guess who else also has to pay taxes under the FairTax? POLITICIANS!!!
mhalavo 3 years ago
How it works? Compared to the current system.....A LOT BETTER!!!
cpltony 3 years ago 2