In short, the FairTax eliminates the middle man. Corporations only pass their income taxes to the consumer, by raising the prices. Eliminate the corporate income tax, and the price will come down to allow just 5 percent profit, due to competition. Replace this with the FairTax, and the price will come right back where it was. Prices won't change (maybe slightly), take home will rise, the fed budget won't change. Nothing will change except you'll never handle another tax form again.
Effective Federal Tax Rates 2007(as estimated by the Congressional Udget Office), FICA/FT:
1ST Quintile: 5.7%
2nd: 12.3%
3rd: 15.9%
4th: 20%
Top: 26.5%
Top 1% : 30.9%
The "Fair" Tax aka National Sales Tax-inclusive aka "NaSTi" would give ahuge tax cut to the very wealthy while raising the taxes of the middle classes disastrously (yes, even with the proposed "prebate").
MarkDouglasC & MybookDeal & TaxSanity = the same person!
How do I know this? Look at the profiles... same age. Coincidence? How about this: MarkDouglasC told me in another post that he wrote books. Also notice... he spams all FairTax video's. NOBODY can be that against this unless he has an interest to protect. He's IRS plain and simple. Nice try Mark!
Ron Paul is a nice old kook. Ron Paul doesnt have any solutions - hard or easy. He just mindlessly says "follow the consitution, follow the consitution" Someone tell this moron that's not magic. We had slavery, child labor, wars, inflation, poverty, with constitution too. He acts like its magic. It isnt. Give us some answers, not slogans.
Let us not forget that stagflation is just around the corner. Factor in recession and inflation to the Fair Tax equation and you have a recipe for a depresssion and hyperinflation at the same time. At least so long as your leaders continue to refuse to face reality. The time for easy solutions is past. Vote Ron Paul, the only sane man in Washington.
The ONLY candidate who has a clue about economics is Dr. Ron Paul. His solution is to repeal the 16th. Amendment and the Federal Reserve Act. No more Federal income tax which is used mainly to pay interest on the national debt which is owed to bankers who just print the money. Wake up America, you are being robbed by the Robber Barons who set up the Fed in 1913 and illegally passed the 16th. Amendment. Vote Ron Paul.
Sorry, but Huckabee is an economic illiterate. The Fair Tax sounds good but it will be an economic disaster. It continues paying interest to the bankers at the Federal Reserve who are printing the money. It encourages fraud at the personal level by issuing tax credits to "poor" families. It does nothing to rein in the profligacy of Federal spending and control of state actions.
I take the negative comments from the "armchair economists" with a grain of salt. They base their entire argument on one or two obscure articles, then run off half-cocked posting their negative comments without first getting all the facts.
The FairTax doesnt slow down at stupid. It sounds good -- only if you are a moron. ITs a 23% sales tax on everything - on health care, on nursing home care, on government spending, on new homes. Are you out of your mind? How the hell can the military pay a 23% sales tax on jets, tanks? Military, medical, and many others would get exemptions -- and the 23% would have to 40%. A 40% sales tax is insanity. Your emperor has no clothes.
I smell a rat here. Come on Mark, tell us what the alternative is. You sort-of sound like one of those Paultards, but you haven't really come right out and said it. What's the fix? Are you a tax attorney? An accountant? IRS? H&R Block? Tax avoider? What's your interest in not seeing the FairTax passed?
My fix? I would have a simple tax code, four pages long, which just called income "income" no matter how you made it. It should be left up to the market, and your own abiilties, to choose how you make your money. Quit screwing work, self employed, and small business, with 300% higher taxes than anything esle. Im all for a simple tax code, I wish Huck's plan wasnt insane. But it is. A sales tax to replace all those other taxes would have to be so high, it would damage the economy.
Well, now you're starting to sound a little better. Your other posts just make you look like an angry mental case. See how much better it is when you calm down and explain yourself? And the name calling doesn't lend you any credibility either. Calling people morons doesn't help either. I still disagree with you, but at least you're starting to sound a little more sane.
Denim, sorry, but someone has to sorta shock these idiots a little. Otherwise, they have no idea the idea is really luney -- not just dumb -- its insane. Because it is. Its not a little off, its wacko. You cant tax new homes 23-40%, it would destroy the construction industry. YOu can tax gov purchases 23-40%, they would have to raise taxes to pay those taxes, etc, etc
Apology accepted. Your opinions have been well noted! You say you've read the FairTax book and you disagree. Now is the time to go write your congressman and senators. Tell them how you feel. You can do it from their web sites. I did, and I've received responses from all of them. All of my representatives support the FairTax. It would be interesting to see where your's stand... don't you think?
Mine better be against this idiot idea. My Senators are Durbin and Obama, and I can guarantee you that both men wouldnt pretend they liked this idea --even though many voters are fooled by it. But I would like a simpler fairer tax code.
FOr some reason, when I reply, it goes to top of page anyway. Odd. Im responding to denimblue. Hey denim, the alternative is a simple tax code that treats all income alike, and doesnt screw workers, self employed, and small busiess. Actually, I would LIKE the fair tax passed- just to laugh my arse off when you realize it was wack wack wacko.
Well, you just may get your wish. The bill has gathered a lot of support in the house. My congressman supports it. AND, it's gaining more and more support every day.
I dont support the Fairtax - BECAUSE I know it. Becasue I read it. Its a high sales tax on new houses- did you know that? That same high sales tax is on government purchases, military spending - did you know that? Its on everything -- including medical cost- did you know that? Consider the consequences of these absurdities for a while, and get back to me.
Sorry Huckster, just can't support giving Paris Hilton and Bill Gates tax cuts while raising the taxes on working families (those making between around $27,000 and $200,000).
Because it's simple math really-- for this National Sales Tax to be "revenue neutral" the middle classes will have to pay more, since the poor (less than $20,000income or so), the rich (more than $300,000 income), and the corporations would be paying less.
I read the first book, I will get the second today. Thanks. But unless Mr Linder can reinvent math by the time I get the book, the FT is a looney -- not just stupid -- idea. For many reasons. One -- you cant magically have government paying itself taxes - they would have to raise taxes to pay their taxes.
Apparently, you are too stupid to understand that.
A high national sales tax would have to be 40 or 50 percent, moron, especially if it replaced FICA and cap gains tax too. So your average guy making 35K would have an extra 400 a month -- but things would cost him 2000 a month more. You morons that think this tax makes sense -- think again. Its utter nonsense.
LOL Thats right Mike Huckabee waste our time with fantasies like making the IRS disappear!! Some should tell Pastor Huckabee that as Preident he only has the power to enforce laws and absolutely no power to change or make laws!!!!!
huckabee is a moron about taxes, I pay 15% bracket now and he wants me to pay 34-39% to cover the tax that are collected now. 34% tax on a car, DR. Gas ETC ( all goods and services)
As much as I like Mike Huckabee, the elimination of the income tax would distablize the economy. If you look at economic growth tables before the FIT you will see chaotic economic growth and recession. This is because the graduated FIT acts as an automatic economic stablizer, meaning as average household income decreases, so does the average tax rate, helping curb a recession automatically.
I would encourage everyone to go get (or borrow from your local library) a copy of the fair tax book. It is much more than a flat tax. It is a system designed by economists, businessmen, and tax experts to help boost the economy.....not distabilize it. It's a really good read, not near as dry as you'd think!
GOP Candidate's Record As Arkansas Governor Marred By Controversial Parole Of Wayne DuMond.
Huckabee orchestrated the release of convicted rapist Wayne Dumond. He usurped the authority of the Arkansas' justice system to release this scumbag. Shortly after the release, Dumond sexually brutalized and murdered a woman in Missouri.
Major retailer executive (probably Wall Mart), promised that on the day the Fairtax goes into place they will have a 22% sale on everything in the store.\
(Family of four monthly prebate check $528)
$100 00 Products
$ 7.30 Kansas Sales Tax
$107.30 Total
Under the Fairtax Sale the same amount of products would cost $78.
The US Govt (Congress, the president) only pay lip service to the people, then implement programs that benefit corporate, wealthy, themselves.
Show me any program, policy, law or other, that actually benefits the poor over the wealthy, that has not been exploited for the benefit of said elite.
How many other programs were supposed to benefit the poor, and looked good in principle, but when implemented, were misused, distorted or amended to allow benefits to the wealthy?
This is why it will encourage fraud. The poverty level will have to be decreased to bring in sufficient revenues or the Fair Tax will have to be increased. This is why Ron Paul's solution is best. Repeal the 16th. Amendment and the Federal Reserve Act. Stop paying interest to the Robber Barons who set up the Fed in 1913 and bring the troops home. Ergo, goodbye income tax.
Anyone with savings, investments, or wealth of any kind has already paid taxes on that income. Do you expect them to pay taxes again when they spend it under the fair tax?
Will the wealthy, who control our gov't, allow this? I think not.
The income tax system punishes hard work by confiscating the fruits of our labor while the Fair Tax would punish us for enjoying the fruits of our labor.
I feel our federal government should be doing neither. A small federal government limited by the constitution, prohibited from directly taxing the people, is the legacy the founding fathers have left us. Preserve Liberty, join the Ron Paul Revolution.
The Fair Tax is "Alice in Wonderland" thinking. It would be an enforcement disaster. Once sales taxes get above the 12-15% range black markets kick in along with smuggling, piracy, a barter economy,and more organized crime. The current IRS gestapo would have to be much larger for a sales tax.
Lets not forget the internet is connecting economies throughout the world and now you want to lay a tax on all our internet transactions.
What a moron you are! There are already embedded taxes in American Products only in America of 15 - 35% now. The Fairtax removes these embedded tax, on average 23 %, and replace them with an inclusive sales tax of 22.9% or exclusive 30%. I would explain the difference between an inclusive and exclusive sales tax, but I be wasting my time.
Sorry to correct you, but the FairTax (as outlined in The FairTax Book)would be for 23%. 30% is either bad math or misinformation. (or an honest mistake)
Sorry to correct you, and I really meant in a nice way, but the the Fairtax is not an embedded tax. It is an exclusive national retail sales tax of 30%. In order to compare the 30% exclusive sales tax to the embedded taxes (15%-35%) which are currently, right now at the store, this very moment, as I wright, embedded in every product you buy, you must covert the 30% excluse sales tax to an inclusive sales tax, works out to be 22.9%
No, you are incorrect.. the embedded taxes ARE NOT just the result of federal income taxes, and they are nowhere near 35% of RETAIL prices. Federal Incomes taxes in no way get anyway NEAR adding even 10% to the retail price of most products... if you think it through you will understand why. So if there were ANY other taxes left at the implemention of an NST, prices would go up. Way up.
And do you really, really think most corporate employers will pay the same salaries to entering employees over the long term when their employees get to take more home with no FIT taken out? (hint: not bloody likely)
The "Fair Tax" idea is a scam created by the Church of Scientology because they were at war with the IRS for not granting their cult tax exempt status. Google up the facts if you want to read more. OpinionJournal has a recent article that exposes the whole thing.
George Washington marched into battle to put down the Whiskey rebellion, which was over a sales taxes on whiskey. Does that mean the George Washington was a member the Church of Scientology? You are in the same league a Rush Limbaugh, 1/2 of your brain at work.
Even if you save money on internet commerce not paying tax. It will only be transferred into the price of the product or will be made up somewhere else where you do pay tax. The government is greedy and they will get their money. You have to look at the larger picture
The government knows that this will be a major increase in taxes and a way to regulate the internet. Right now a person can buy goods and services from the internet tax free. As soon as we allow this the IRS will regulate every website imaginable and will ultimately put websites out of business. It is already hard to compete on the internet when a customer can not see the product. customers will pay tax+shipping+handling. In my eyes this will kill internet commerce. Making Wal-Mart richer.
FAIRTAX 2.0++: Retailers MUST only collect FairTax on paper/coin money! ONLY US Banks should charge FairTax when an individual makes an electronic payment, because it is cheaper for THEM to do so than RETAILERS-THEY ARE ALSO A THIRD PARTY TO BOTH BUYER AND SELLER SO THEY WON'T CHEAT. Foreign card holders should be able to buy US products without FairTax! US banks should charge US consumers FairTax for spending in foreign countries! The gov't should NOT tax its own spending! Give BANKS the job!
(sigh) Before we can reduce Fed spending, we HAVE to stick in everyone's face every day, all the time, exactly how much that expense is. The FairTax does this. The FairTax is simply "Step #1" toward Ron Paul's dream of reducing federal spending. Patience, young Skywalker.
The fair tax is about as transparent as mud. With the income tax, you absolutely know how much you pay each year in taxes. The inclusive 23% sales tax will be hidden from the public eye and the government will be free to tweak it whenever they deem necessary. Can you honestly tell me you know how much gas tax you paid this year off the top of your head?...i think not.
In short, the FairTax eliminates the middle man. Corporations only pass their income taxes to the consumer, by raising the prices. Eliminate the corporate income tax, and the price will come down to allow just 5 percent profit, due to competition. Replace this with the FairTax, and the price will come right back where it was. Prices won't change (maybe slightly), take home will rise, the fed budget won't change. Nothing will change except you'll never handle another tax form again.
urgener 1 year ago
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Effective Federal Tax Rates 2007(as estimated by the Congressional Udget Office), FICA/FT:
1ST Quintile: 5.7%
2nd: 12.3%
3rd: 15.9%
4th: 20%
Top: 26.5%
Top 1% : 30.9%
The "Fair" Tax aka National Sales Tax-inclusive aka "NaSTi" would give ahuge tax cut to the very wealthy while raising the taxes of the middle classes disastrously (yes, even with the proposed "prebate").
The "Fair" Tax is FAIL.
Diskatopia 3 years ago
ATTENTION!!!
MarkDouglasC & MybookDeal & TaxSanity = the same person!
How do I know this? Look at the profiles... same age. Coincidence? How about this: MarkDouglasC told me in another post that he wrote books. Also notice... he spams all FairTax video's. NOBODY can be that against this unless he has an interest to protect. He's IRS plain and simple. Nice try Mark!
denimblueindigo 4 years ago 2
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Ron Paul is a nice old kook. Ron Paul doesnt have any solutions - hard or easy. He just mindlessly says "follow the consitution, follow the consitution" Someone tell this moron that's not magic. We had slavery, child labor, wars, inflation, poverty, with constitution too. He acts like its magic. It isnt. Give us some answers, not slogans.
MarkDouglasC 4 years ago
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Let us not forget that stagflation is just around the corner. Factor in recession and inflation to the Fair Tax equation and you have a recipe for a depresssion and hyperinflation at the same time. At least so long as your leaders continue to refuse to face reality. The time for easy solutions is past. Vote Ron Paul, the only sane man in Washington.
Jeremiah188 4 years ago
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The ONLY candidate who has a clue about economics is Dr. Ron Paul. His solution is to repeal the 16th. Amendment and the Federal Reserve Act. No more Federal income tax which is used mainly to pay interest on the national debt which is owed to bankers who just print the money. Wake up America, you are being robbed by the Robber Barons who set up the Fed in 1913 and illegally passed the 16th. Amendment. Vote Ron Paul.
Jeremiah188 4 years ago
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Sorry, but Huckabee is an economic illiterate. The Fair Tax sounds good but it will be an economic disaster. It continues paying interest to the bankers at the Federal Reserve who are printing the money. It encourages fraud at the personal level by issuing tax credits to "poor" families. It does nothing to rein in the profligacy of Federal spending and control of state actions.
Jeremiah188 4 years ago
I take the negative comments from the "armchair economists" with a grain of salt. They base their entire argument on one or two obscure articles, then run off half-cocked posting their negative comments without first getting all the facts.
I support Mike Huckabee and the Fair Tax!
denimblueindigo 4 years ago
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The FairTax doesnt slow down at stupid. It sounds good -- only if you are a moron. ITs a 23% sales tax on everything - on health care, on nursing home care, on government spending, on new homes. Are you out of your mind? How the hell can the military pay a 23% sales tax on jets, tanks? Military, medical, and many others would get exemptions -- and the 23% would have to 40%. A 40% sales tax is insanity. Your emperor has no clothes.
MarkDouglasC 4 years ago
I smell a rat here. Come on Mark, tell us what the alternative is. You sort-of sound like one of those Paultards, but you haven't really come right out and said it. What's the fix? Are you a tax attorney? An accountant? IRS? H&R Block? Tax avoider? What's your interest in not seeing the FairTax passed?
denimblueindigo 4 years ago
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My fix? I would have a simple tax code, four pages long, which just called income "income" no matter how you made it. It should be left up to the market, and your own abiilties, to choose how you make your money. Quit screwing work, self employed, and small business, with 300% higher taxes than anything esle. Im all for a simple tax code, I wish Huck's plan wasnt insane. But it is. A sales tax to replace all those other taxes would have to be so high, it would damage the economy.
MarkDouglasC 4 years ago
Well, now you're starting to sound a little better. Your other posts just make you look like an angry mental case. See how much better it is when you calm down and explain yourself? And the name calling doesn't lend you any credibility either. Calling people morons doesn't help either. I still disagree with you, but at least you're starting to sound a little more sane.
denimblueindigo 4 years ago
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Denim, sorry, but someone has to sorta shock these idiots a little. Otherwise, they have no idea the idea is really luney -- not just dumb -- its insane. Because it is. Its not a little off, its wacko. You cant tax new homes 23-40%, it would destroy the construction industry. YOu can tax gov purchases 23-40%, they would have to raise taxes to pay those taxes, etc, etc
MarkDouglasC 4 years ago
Apology accepted. Your opinions have been well noted! You say you've read the FairTax book and you disagree. Now is the time to go write your congressman and senators. Tell them how you feel. You can do it from their web sites. I did, and I've received responses from all of them. All of my representatives support the FairTax. It would be interesting to see where your's stand... don't you think?
denimblueindigo 4 years ago 2
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Mine better be against this idiot idea. My Senators are Durbin and Obama, and I can guarantee you that both men wouldnt pretend they liked this idea --even though many voters are fooled by it. But I would like a simpler fairer tax code.
MarkDouglasC 4 years ago
My congressman is Howard Coble R-NC.
Senators Dole and Burr both republicans. They all responded to the emails that I sent them from their web sites. They all support it.
denimblueindigo 4 years ago
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FOr some reason, when I reply, it goes to top of page anyway. Odd. Im responding to denimblue. Hey denim, the alternative is a simple tax code that treats all income alike, and doesnt screw workers, self employed, and small busiess. Actually, I would LIKE the fair tax passed- just to laugh my arse off when you realize it was wack wack wacko.
MarkDouglasC 4 years ago
Well, you just may get your wish. The bill has gathered a lot of support in the house. My congressman supports it. AND, it's gaining more and more support every day.
denimblueindigo 4 years ago
If you don't support the Fair Tax, you probably don't fully understand it. Go to fairtax . org and learn more.
smerny85 4 years ago
I dont support the Fairtax - BECAUSE I know it. Becasue I read it. Its a high sales tax on new houses- did you know that? That same high sales tax is on government purchases, military spending - did you know that? Its on everything -- including medical cost- did you know that? Consider the consequences of these absurdities for a while, and get back to me.
MarkDouglasC 4 years ago
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Sorry Huckster, just can't support giving Paris Hilton and Bill Gates tax cuts while raising the taxes on working families (those making between around $27,000 and $200,000).
Because it's simple math really-- for this National Sales Tax to be "revenue neutral" the middle classes will have to pay more, since the poor (less than $20,000income or so), the rich (more than $300,000 income), and the corporations would be paying less.
A National Sales Tax is a Very Bad Idea.
Diskatopia 4 years ago
I would suggest reading two books about the Fair Tax:
1. The Fair Tax Book by Neal Boortz and Rep. John Linder
2. Fairtax: The Truth: Answering the Critics also by Neal Boortz and John Linder
Don't criticize something you don't understand.
BuzzGTCE 4 years ago
I read the first book, I will get the second today. Thanks. But unless Mr Linder can reinvent math by the time I get the book, the FT is a looney -- not just stupid -- idea. For many reasons. One -- you cant magically have government paying itself taxes - they would have to raise taxes to pay their taxes.
Apparently, you are too stupid to understand that.
MarkDouglasC 4 years ago
A high national sales tax would have to be 40 or 50 percent, moron, especially if it replaced FICA and cap gains tax too. So your average guy making 35K would have an extra 400 a month -- but things would cost him 2000 a month more. You morons that think this tax makes sense -- think again. Its utter nonsense.
MarkDouglasC 4 years ago
LOL Thats right Mike Huckabee waste our time with fantasies like making the IRS disappear!! Some should tell Pastor Huckabee that as Preident he only has the power to enforce laws and absolutely no power to change or make laws!!!!!
EscapeNewJersey 4 years ago
huckabee is a moron about taxes, I pay 15% bracket now and he wants me to pay 34-39% to cover the tax that are collected now. 34% tax on a car, DR. Gas ETC ( all goods and services)
More smoke and mirror politics
wjw2sq 4 years ago
it does matter how much tax we pay...idiot.
Molotov723 4 years ago
Truly, Ponzi would love the supporters of the National Sales Tax.
Diskatopia 4 years ago
As much as I like Mike Huckabee, the elimination of the income tax would distablize the economy. If you look at economic growth tables before the FIT you will see chaotic economic growth and recession. This is because the graduated FIT acts as an automatic economic stablizer, meaning as average household income decreases, so does the average tax rate, helping curb a recession automatically.
WallyScott83 4 years ago
I would encourage everyone to go get (or borrow from your local library) a copy of the fair tax book. It is much more than a flat tax. It is a system designed by economists, businessmen, and tax experts to help boost the economy.....not distabilize it. It's a really good read, not near as dry as you'd think!
texanharley 4 years ago
Until the IRS is abolished America is not free. The present tax system is not about revenues , it is about control.
It is time to continue the American Revolution and secure our Right to Life, Liberty, and the pursuit of happiness.
CharlieRight 4 years ago
Amen!! And the fair tax plan would abolish the current tax system and the IRS along with it!!
texanharley 4 years ago
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Search CBS news dated 12/4/07:
Paroled Rapist Could Haunt Huckabee
GOP Candidate's Record As Arkansas Governor Marred By Controversial Parole Of Wayne DuMond.
Huckabee orchestrated the release of convicted rapist Wayne Dumond. He usurped the authority of the Arkansas' justice system to release this scumbag. Shortly after the release, Dumond sexually brutalized and murdered a woman in Missouri.
TinaBopperM 4 years ago
tax hike mike supporting taxes?
OtherOne81 4 years ago
OW! The BAD sound quality with all the skips and pops in this video is as irritating as the candidates themselves!
mhirtes12 4 years ago
Major retailer executive (probably Wall Mart), promised that on the day the Fairtax goes into place they will have a 22% sale on everything in the store.\
(Family of four monthly prebate check $528)
$100 00 Products
$ 7.30 Kansas Sales Tax
$107.30 Total
Under the Fairtax Sale the same amount of products would cost $78.
$78.00
$ 5.69 KS Sales Tax
$23.4 Fairtax Sales Tax
$107.09 Total
gopwing 4 years ago
Fair tax will not benefit the poor people.
The US Govt (Congress, the president) only pay lip service to the people, then implement programs that benefit corporate, wealthy, themselves.
Show me any program, policy, law or other, that actually benefits the poor over the wealthy, that has not been exploited for the benefit of said elite.
132ICU 4 years ago
If you would actually look into the fair tax, it helps the poor more than the rich. Just a little research is needed.
Xcal81 4 years ago
In principle.
How many other programs were supposed to benefit the poor, and looked good in principle, but when implemented, were misused, distorted or amended to allow benefits to the wealthy?
132ICU 4 years ago
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This is why it will encourage fraud. The poverty level will have to be decreased to bring in sufficient revenues or the Fair Tax will have to be increased. This is why Ron Paul's solution is best. Repeal the 16th. Amendment and the Federal Reserve Act. Stop paying interest to the Robber Barons who set up the Fed in 1913 and bring the troops home. Ergo, goodbye income tax.
Jeremiah188 4 years ago
#1 reason the fair tax can never be implemented:
Anyone with savings, investments, or wealth of any kind has already paid taxes on that income. Do you expect them to pay taxes again when they spend it under the fair tax?
Will the wealthy, who control our gov't, allow this? I think not.
132ICU 4 years ago
Of course, we should never try to support a bill if the Rich oppose it.
IamdaMax 4 years ago
And of course, back to the job issue, with fair tax, how many would lose their job?
IRS employees
Tax preparers (H&R Block, etc.)
Accountants, CPA's, Bookkeepers, etc.
132ICU 4 years ago
God Bless Mike Huckabee. Wow 2 weeks ago I did not know who he was and now I'm 100% with him. America needs the Fair tax.
5cannerd 4 years ago 2
The income tax system punishes hard work by confiscating the fruits of our labor while the Fair Tax would punish us for enjoying the fruits of our labor.
I feel our federal government should be doing neither. A small federal government limited by the constitution, prohibited from directly taxing the people, is the legacy the founding fathers have left us. Preserve Liberty, join the Ron Paul Revolution.
gsuitter 4 years ago
The Fair Tax is "Alice in Wonderland" thinking. It would be an enforcement disaster. Once sales taxes get above the 12-15% range black markets kick in along with smuggling, piracy, a barter economy,and more organized crime. The current IRS gestapo would have to be much larger for a sales tax.
Lets not forget the internet is connecting economies throughout the world and now you want to lay a tax on all our internet transactions.
land4citizens 4 years ago
What a moron you are! There are already embedded taxes in American Products only in America of 15 - 35% now. The Fairtax removes these embedded tax, on average 23 %, and replace them with an inclusive sales tax of 22.9% or exclusive 30%. I would explain the difference between an inclusive and exclusive sales tax, but I be wasting my time.
gopwing 4 years ago
Sorry to correct you, but the FairTax (as outlined in The FairTax Book)would be for 23%. 30% is either bad math or misinformation. (or an honest mistake)
IamdaMax 4 years ago
Sorry to correct you, and I really meant in a nice way, but the the Fairtax is not an embedded tax. It is an exclusive national retail sales tax of 30%. In order to compare the 30% exclusive sales tax to the embedded taxes (15%-35%) which are currently, right now at the store, this very moment, as I wright, embedded in every product you buy, you must covert the 30% excluse sales tax to an inclusive sales tax, works out to be 22.9%
gopwing 4 years ago
write not wright - I was schooled in government schools.
gopwing 4 years ago
No, you are incorrect.. the embedded taxes ARE NOT just the result of federal income taxes, and they are nowhere near 35% of RETAIL prices. Federal Incomes taxes in no way get anyway NEAR adding even 10% to the retail price of most products... if you think it through you will understand why. So if there were ANY other taxes left at the implemention of an NST, prices would go up. Way up.
Diskatopia 4 years ago
And do you really, really think most corporate employers will pay the same salaries to entering employees over the long term when their employees get to take more home with no FIT taken out? (hint: not bloody likely)
Diskatopia 4 years ago
The "Fair Tax" idea is a scam created by the Church of Scientology because they were at war with the IRS for not granting their cult tax exempt status. Google up the facts if you want to read more. OpinionJournal has a recent article that exposes the whole thing.
mhirtes12 4 years ago
George Washington marched into battle to put down the Whiskey rebellion, which was over a sales taxes on whiskey. Does that mean the George Washington was a member the Church of Scientology? You are in the same league a Rush Limbaugh, 1/2 of your brain at work.
gopwing 4 years ago
LOL! You repugs amuse me. I'll miss you after 2009. You're a dying breed.
mhirtes12 4 years ago
Great - maybe something will kick start that other side of your brain. Hey, if you read something on the Internet it's got be true - LSTMS.
gopwing 4 years ago
Even if you save money on internet commerce not paying tax. It will only be transferred into the price of the product or will be made up somewhere else where you do pay tax. The government is greedy and they will get their money. You have to look at the larger picture
boss42971 4 years ago
No it won't...
Go Fair Tax!
Huckabee for Pres!
R3SURRECTED 4 years ago
The government knows that this will be a major increase in taxes and a way to regulate the internet. Right now a person can buy goods and services from the internet tax free. As soon as we allow this the IRS will regulate every website imaginable and will ultimately put websites out of business. It is already hard to compete on the internet when a customer can not see the product. customers will pay tax+shipping+handling. In my eyes this will kill internet commerce. Making Wal-Mart richer.
jared23x 4 years ago
FAIRTAX 2.0++: Retailers MUST only collect FairTax on paper/coin money! ONLY US Banks should charge FairTax when an individual makes an electronic payment, because it is cheaper for THEM to do so than RETAILERS-THEY ARE ALSO A THIRD PARTY TO BOTH BUYER AND SELLER SO THEY WON'T CHEAT. Foreign card holders should be able to buy US products without FairTax! US banks should charge US consumers FairTax for spending in foreign countries! The gov't should NOT tax its own spending! Give BANKS the job!
kmarinas86 4 years ago
(sigh) Before we can reduce Fed spending, we HAVE to stick in everyone's face every day, all the time, exactly how much that expense is. The FairTax does this. The FairTax is simply "Step #1" toward Ron Paul's dream of reducing federal spending. Patience, young Skywalker.
urgener 4 years ago
The fair tax is about as transparent as mud. With the income tax, you absolutely know how much you pay each year in taxes. The inclusive 23% sales tax will be hidden from the public eye and the government will be free to tweak it whenever they deem necessary. Can you honestly tell me you know how much gas tax you paid this year off the top of your head?...i think not.
rjkeeters 4 years ago
It dosen't matter how much tax we pay . What matters is that we don't have to bare our souls to the IRS just keep the fruits of our own labor.
Lets renew the American revolution and secure our rights.
CharlieRight 4 years ago
The Flat Tax is a terrible idea that will actually increase American's tax burden.
The IRS has capitulated to the facts established at losthorizons dot com that paying individual income tax is voluntary.
Know The Law. Know Your Rights. Don't be fooled by Flat Tax Mumbo Jumbo.
ericcalderon2 4 years ago
CNN had footage...just google this
"GOP Debate Protesters"
stevep41 4 years ago
FAIR TAX NOW! FAIR TAX NOW!
lexington02 4 years ago
Huckabee for Prez!! Go FairTax!!
megstocks 4 years ago
I LOVE this guy! I hope he continues to gain momentum. I know a few thousand fairtaxers who sure like him after that rally in SC. :)
cblackburn512 4 years ago
Mike Huckabee is the BEST choice for America!
Flixette 4 years ago
IMO clearly the best choice
timbojb 4 years ago