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.
From fairtaxorg:"Households in the lowest income band,with an adj. gross income (AGI) of less than $10,000 annually, would benefit because they would receive the prebate that would more than offset any higher cost of purchasing goods. Households in the top income cat.,with more than $150,000 in annual income, would also gain as they do not have to pay their highest marginal tax rates. Mid-income cat. households would lose because the FairTax would impose a relatively higher tax rate on them.
Is it 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.
Your statement that no one who has studied it has endorsed it should be modified to read: "No one who has a vested interest in the perpetuation of the current highly dysfunctional system has acknowledged the benefits of the FairTax."
What is there about the Marxist progressive income tax that you find so appealing?
Your assertion that no one who has studied the FairTax has endorsed it is demonstrably false. For example, the FairTax has far more co-sponsors in congress than any other tax reform proposal and more economists' endorsements. In addition, on a recent online poll conducted by the Tea Party Patriots, the FairTax outpolled every other issue listed, including drill here/drill now, balanced budget amendment, term limits, no unrelated amendments and a host of other issues.
Bullship, you need to get your detector recalibrated because you missed a GLARING bit of bullship.
As you pointed out, Allen Buckley is an attorney and CPA. That means that he makes a very good living gaming the current system. When the FairTax passes, he will have to learn a more productive way to earn a living. Can you say "CONFLICT OF INTEREST"?
What about the Joint Committee on Taxation? Think they might fear losing their cushy government staff jobs when the FairTax passes?
Please explain upfront and thouroughly that prices will not go up under teh FairTax. The tax attorneys and IRS employees will sponsor ads late in campaigns saying the FairTax will raise prices by 23 percent (or maybe even they'll say 30 percent), and FairTax supporters won't have time to counteract the damage. If we don't explain that prices will remain low, and purchasing power will rise, it'll be too late to counter these missleading adds.
Fairtax is a farce, and it's "leaders" know it. Sounds good, but it's total bullship.
They don't have ANY real research --for example, they are going to put a 30% sales tax on all new homes, all new cars -- and they just "pretend" that won't effect sales at all. Total nonsense. That's not "research" that's pretending.
Their "research" is just silly sales pitches that START with the assumption it works like magic. It not only doesnt work like magic, it doesnt work at all.
@12FlyMe Clearly, VERY clearly, you don't understand The FairTax. It is the most thoroughly researched bill/plan in US history. First, it is 23%, NOT 30%, and it REPLACES all income tax...ALL OF IT, so your actual take home income goes up dramatically. Not to mention that non one pays ANY tax on basic necessities of food, clothing and shelter. Now does a few more thousand on a new car look so bad? No, of course not.
utoobia dumb fuck I know the "Farce Tax" better than you know your dick.
At first I was for it -- till I read the bullshit "research" and books. It's a HOAX, a farce, a gimmick.
But mostly dumb fuck - your idiot retarded hoax has a huge tax pretend tax on the GOVERNMENT. That's where they get most of their revenue idiot - an insane tax on GOVERNMENT. Every city, state, county, medicare, Pentagon, ect would pay MASSIVE fucking taxes. Its FUCKING insane you dumb fuck.
@BullshipDetector LOL! You write about as well as you think...very, very poorly. Probably you didn't you graduate from middle school. And since you have no facts you resort to insults.
90%? Huh? And you actually would BELIEVE what a congressional committee full of morons tells you? Good for you, fool. You are so far gone out into left field you're not worth any intelligent person's time. Now post your next little childish run of curses, little boy. I won't be back to read it.
Utobia dumb fuck - GO READ the Joint Committee report, it's not hard to understand at all. It's not even hard math. The point is -- it would take 35% sales tax just to replace income tax ALONE. And like 60% to replace all the other taxes. Then, dumb fuck, what does a 60% sales tax to to SALES you fucking idiot? Forget the insanity of it -- sales would drop like HELL, and you'd have to raise the rate even more .
Utob -- have you seen the CPA -- the guy who is a libertarian, Tea-bagger type, very educated. Have you seen him talk about the insanity-- the farce -- of Fairtax? Allen Buckley. He is a conservative, a lawyer, a CPA, and he says the same thing I have said for years, only not quite as bluntly. Wall Street Journal has pissed on it too -- in fact, NO ONE buys this shit who has studied it. It's discredited now dumb fuck - its a hoax, a farce.
Utoob --- no idiot - it's not 23%. That's what they guess (pretend) would be necessary to bring in what these other taxes do now. Revenue nuetral dumb fuck.
To bring in what the other taxes do now, dumb fuck, is more like 90% you fucking idiot, according to REAL math and a REAL study. Go read Joint Committe on Taxation Report on it, you fucking idiot.
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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 3 weeks ago
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From fairtaxorg:"Households in the lowest income band,with an adj. gross income (AGI) of less than $10,000 annually, would benefit because they would receive the prebate that would more than offset any higher cost of purchasing goods. Households in the top income cat.,with more than $150,000 in annual income, would also gain as they do not have to pay their highest marginal tax rates. Mid-income cat. households would lose because the FairTax would impose a relatively higher tax rate on them.
Diskatopia 1 month ago
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Is it 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.
Diskatop 1 month ago
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The "Fair Tax" was a scheme created by the Church of Scientology as revenge on the IRS for being denied a tax-free status as a church for decades.
People who propose a "Fair tax" are pushing a nation-wrecking scam created by a cult.
MiHiVidz 4 months ago
Their tax on personal consumption is just ONE PART of their "plan"
They hide the second tier -- google it, Fairtax second tier. See it here
HR 25, 2011
Sec. 2 (a) 7: Person
2(a) (7) PERSON- The term ‘person’ means any natural person.... any trust, estate, GOVERNMENT. agency, etc."
They define the GOVERNMENT as a PERSON, and tax it 1 trillion dollars Its goofy. I mean it's REALLY goofy, and they know it.
Google Fairtax fine print. It's a farce.
ItchMyFoot 11 months ago
I wish negative commentators wouldn't post unless they have read at least one of the Fair Tax books. Then they might be able to be somewhat informed.
bballplaya123678 1 year ago
Your statement that no one who has studied it has endorsed it should be modified to read: "No one who has a vested interest in the perpetuation of the current highly dysfunctional system has acknowledged the benefits of the FairTax."
What is there about the Marxist progressive income tax that you find so appealing?
Phil0will1 1 year ago
Your assertion that no one who has studied the FairTax has endorsed it is demonstrably false. For example, the FairTax has far more co-sponsors in congress than any other tax reform proposal and more economists' endorsements. In addition, on a recent online poll conducted by the Tea Party Patriots, the FairTax outpolled every other issue listed, including drill here/drill now, balanced budget amendment, term limits, no unrelated amendments and a host of other issues.
Phil0will1 1 year ago
Bullship, you need to get your detector recalibrated because you missed a GLARING bit of bullship.
As you pointed out, Allen Buckley is an attorney and CPA. That means that he makes a very good living gaming the current system. When the FairTax passes, he will have to learn a more productive way to earn a living. Can you say "CONFLICT OF INTEREST"?
What about the Joint Committee on Taxation? Think they might fear losing their cushy government staff jobs when the FairTax passes?
Phil0will1 1 year ago
Please explain upfront and thouroughly that prices will not go up under teh FairTax. The tax attorneys and IRS employees will sponsor ads late in campaigns saying the FairTax will raise prices by 23 percent (or maybe even they'll say 30 percent), and FairTax supporters won't have time to counteract the damage. If we don't explain that prices will remain low, and purchasing power will rise, it'll be too late to counter these missleading adds.
urgener 1 year ago
Fairtax is a farce, and it's "leaders" know it. Sounds good, but it's total bullship.
They don't have ANY real research --for example, they are going to put a 30% sales tax on all new homes, all new cars -- and they just "pretend" that won't effect sales at all. Total nonsense. That's not "research" that's pretending.
Their "research" is just silly sales pitches that START with the assumption it works like magic. It not only doesnt work like magic, it doesnt work at all.
12FlyMe 1 year ago
@12FlyMe Clearly, VERY clearly, you don't understand The FairTax. It is the most thoroughly researched bill/plan in US history. First, it is 23%, NOT 30%, and it REPLACES all income tax...ALL OF IT, so your actual take home income goes up dramatically. Not to mention that non one pays ANY tax on basic necessities of food, clothing and shelter. Now does a few more thousand on a new car look so bad? No, of course not.
utoobia 1 year ago
utoobia dumb fuck I know the "Farce Tax" better than you know your dick.
At first I was for it -- till I read the bullshit "research" and books. It's a HOAX, a farce, a gimmick.
But mostly dumb fuck - your idiot retarded hoax has a huge tax pretend tax on the GOVERNMENT. That's where they get most of their revenue idiot - an insane tax on GOVERNMENT. Every city, state, county, medicare, Pentagon, ect would pay MASSIVE fucking taxes. Its FUCKING insane you dumb fuck.
BullshipDetector 1 year ago
@BullshipDetector LOL! You write about as well as you think...very, very poorly. Probably you didn't you graduate from middle school. And since you have no facts you resort to insults.
90%? Huh? And you actually would BELIEVE what a congressional committee full of morons tells you? Good for you, fool. You are so far gone out into left field you're not worth any intelligent person's time. Now post your next little childish run of curses, little boy. I won't be back to read it.
utoobia 1 year ago
Utobia dumb fuck - GO READ the Joint Committee report, it's not hard to understand at all. It's not even hard math. The point is -- it would take 35% sales tax just to replace income tax ALONE. And like 60% to replace all the other taxes. Then, dumb fuck, what does a 60% sales tax to to SALES you fucking idiot? Forget the insanity of it -- sales would drop like HELL, and you'd have to raise the rate even more .
BullshipDetector 1 year ago
Utob -- have you seen the CPA -- the guy who is a libertarian, Tea-bagger type, very educated. Have you seen him talk about the insanity-- the farce -- of Fairtax? Allen Buckley. He is a conservative, a lawyer, a CPA, and he says the same thing I have said for years, only not quite as bluntly. Wall Street Journal has pissed on it too -- in fact, NO ONE buys this shit who has studied it. It's discredited now dumb fuck - its a hoax, a farce.
BullshipDetector 1 year ago
Utoob --- no idiot - it's not 23%. That's what they guess (pretend) would be necessary to bring in what these other taxes do now. Revenue nuetral dumb fuck.
To bring in what the other taxes do now, dumb fuck, is more like 90% you fucking idiot, according to REAL math and a REAL study. Go read Joint Committe on Taxation Report on it, you fucking idiot.
BullshipDetector 1 year ago