You can't have a hybrid tax code because the reason people want the fair tax in place is because the richest aren't paying the taxes they should because there are loopholes in the existing tax system.
Fairtax is a farce, -- read their fine print. Besides the massive tax on people -- on rent, on food, on utilities, on everything -- its a massive tax on city and state governments. Your city, your county, your state, will have to pay massive taxes on every dime they spend. That may sound great to you, but
1) they hide this
2) they hide this
3) they hide this
4) city and states would have to raise massive revenue to pay it
What is the difference between you buying yourself a loaf of bread and your state buying one for you? Besides the fact that you pay the government to buy the loaf of bread, nothing. You consume it either way, and both you and the state currently pay the embedded cost of income capital gain, corporate income and other taxes.
Exempting government consumption will cause every one will ask the government to give them everything.
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Jeff don't tell the people that the government already pays the sales tax to itself -- so what's the difference?
The difference is, idiot, Fairtax is supposed to get RID of the embedded taxes. Then you fuching morons say -- oh go ahead and pay those embedded taxes.
Besides moron, no matter what your bullshit spin, when the government pays itself a trillion in sales taxes -- ITS N OT FUCHING INCOME.
Its a bullshit farce - dumber than dog shit crazy ass crap.
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continued, BHI/fairtaxorg quote: "Mid-income category households would lose because the Fair Tax would impose a relatively higher tax rate on them."
At this point any FT/NST fan claiming that it would not raise the effective tax rates of the middle classes is wallowing in self-enforced ignorance, denying things whihc the supporting thinktank's own research shows.
This comment has received too many negative votesshow
Here is the truth from BHI/fairtaxorg:"Households in the lowest income band, with an (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 category, 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 category households would lose because ..."
From BHI/fairtaxorg:"Households in the lowest income band, with an (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 category, 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 category households would lose because the Fair Tax would impose a relatively higher tax rate on them."
You can't have a hybrid tax code because the reason people want the fair tax in place is because the richest aren't paying the taxes they should because there are loopholes in the existing tax system.
bgdragon99 9 months ago
Fairtax is a farce, -- read their fine print. Besides the massive tax on people -- on rent, on food, on utilities, on everything -- its a massive tax on city and state governments. Your city, your county, your state, will have to pay massive taxes on every dime they spend. That may sound great to you, but
1) they hide this
2) they hide this
3) they hide this
4) city and states would have to raise massive revenue to pay it
5) they hide this
12FlyMe 1 year ago
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@12FlyMe and your 35 other youtube aliases
What is the difference between you buying yourself a loaf of bread and your state buying one for you? Besides the fact that you pay the government to buy the loaf of bread, nothing. You consume it either way, and both you and the state currently pay the embedded cost of income capital gain, corporate income and other taxes.
Exempting government consumption will cause every one will ask the government to give them everything.
dtvgmedia 10 months ago
Could have been worse.
At least McCain answered and offered a solution
gamehound83 1 year ago
I'm glad McCain didn't win. At least now we have an 'obvious' leftist in there now that's plenty damned discernable from the other options.
TheAmericanRifleman 2 years ago
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Suppose you make 30K a year, and FT passes.
Suppose you pay 600 month rent. Now you will have 200 in sales taxes on your rent.
Suppose you get sick - big medical cost. Cancer. You will owe sales tax of 50K just on your cancer surgery.
Fairtax says -- don't worry - your insurance will pay it.
Dumb fuchs - only people pay taxes.
Fairtax math depends on 700 billion in SALES taxes just from medical cost.
Bullshit -- people don't have 700B to pay for these taxes idiot.
FairtaxFraud 2 years ago
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Jeff don't tell the people that the government already pays the sales tax to itself -- so what's the difference?
The difference is, idiot, Fairtax is supposed to get RID of the embedded taxes. Then you fuching morons say -- oh go ahead and pay those embedded taxes.
Besides moron, no matter what your bullshit spin, when the government pays itself a trillion in sales taxes -- ITS N OT FUCHING INCOME.
Its a bullshit farce - dumber than dog shit crazy ass crap.
FairtaxFraud 2 years ago
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I got a question for Jeff's idiot ass.
Hey jeff you moron -- how the fuch will Fairtax make the government pay ITSELF a trillion dollars in sales taxes?
Cause thats your plan idiot. The government -- city state federal, whatever -- pays this tax on every DIME it spends.
Medicare - taxed -- highways - taxed -- military spending -- taxed.
YOu fuching idiots are selling a pile of shit. Read page 148 "The federal government itself will become a MAJOR TAXPAYER
Bull shit farce.
FairtaxFraud 2 years ago
"When you're sworn in next year"... keep dreaming
drummerjonathanp 3 years ago
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continued, BHI/fairtaxorg quote: "Mid-income category households would lose because the Fair Tax would impose a relatively higher tax rate on them."
At this point any FT/NST fan claiming that it would not raise the effective tax rates of the middle classes is wallowing in self-enforced ignorance, denying things whihc the supporting thinktank's own research shows.
"Fair" Tax=FAIL
Diskatop 3 years ago
How does the Fair Tax raise taxes on the middle income family? Because they spend more?
klinger04 3 years ago
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Here is the truth from BHI/fairtaxorg:"Households in the lowest income band, with an (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 category, 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 category households would lose because ..."
continued
Diskatop 3 years ago
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From BHI/fairtaxorg:"Households in the lowest income band, with an (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 category, 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 category households would lose because the Fair Tax would impose a relatively higher tax rate on them."
Diskwin 3 years ago
Good luck in the upcoming election, Mr. Parnell.
I hope you win!
SeekerNLife 3 years ago 4
I wish Jeff Parnell was my congressman.
privateeyeman 3 years ago 4