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Anyone who's ever had an economics class knows that sales taxes (consumption taxes) are a heinously regressive form of taxation, and hammer the poor and middleclasses and barely touch the wealthy. The "Fair" Tax/NASTI does have a prebate, which helps the poor (up to $15,000 a year income) but the burden is still on the middleclasses (those making from $15,000 to $150,000 a year would pay more in taxes than they do now, according to Fair Tax org's own research).
The FairTax is a very bad idea.
Diskatopia 4 days ago
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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
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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 1 week ago
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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."
Diskatop 4 weeks ago
Anyone who's ever had an economics class knows that consumption taxes are not only simplest to comply with and understand, they're also revenue neutral. Remember, the consumption tax (FairTax) is THE ONLY federal taxes you will ever pay. No estate taxes, no capital gains taxes, no personal income tax, billions in compliance costs saved, no forms to fill out, no returns to file. I want it.
NAGGERNUTZ 2 months ago
Too bad there's no one there to hear this discussion!
spuds5933 3 months ago
Very well done! Two of the most articulate and passionate FairTax supporters in congress.
Philwill1100 3 months ago
@Philwill1100 And Phil if you look at both of the FairTax books, you'll see Cong. Woodall's name on them. Those books were written when he was John Linder's chief of staff. Rob Woodall replaced Linder in 2010.
jegjrfan 3 months ago
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America has had enough of the "free lunch" culture that demands more and more from fewer and fewer people while those on the receiving end, who do not pay any Federal income taxes, perceive the handouts and changes in the tax code as they are getting someting for nothing.
I say that as someone who has never even been middle class let alone rich.
MrJjjd1 3 months ago
America has had enough of the "free lunch" culture that demands more and more from fewer and fewer people while those on the receiving end, who do not pay any Federal income taxes, perceive the handouts and changes in the tax code as they are getting someting for nothing.
I say that as someone who has never even been middle class let alone rich.
MrJjjd1 3 months ago 2
The FairTax IS the best thing that America could ever do right now for our economy and our nation!
MrJjjd1 3 months ago 2
Finally politicians who are thinking of us "We the people". The Fair Tax - Simple, Transparent, Fair. Levels the playing field for all Americans. Broadens the tax base, progressive. Understand the Fair Tax and you will demand it!
gracemariecollins 3 months ago 3
"Corporations don't pay taxes. When you buy stuff, you pay their taxes for them."
Help America become the last "Tax Haven" in the world. Support HR-25/S-13.
CCDesigner71 3 months ago 3
23% is 23%.
pdwheaton 3 months ago 2
It won't be 22% it will be 55%.
pirucreek 3 months ago
@pirucreek If you think that, then you don't understand the FairTax. Stop making assumptions. Learn.
CCDesigner71 3 months ago
@pirucreek You are right, it won't be 22%. How much research did you put into coming up with 55%? The 23% was established with 22 million dollars of private money at 7 of the top universities in the country.
stauffersc 3 months ago 2
what are you, the 1 percent or 99 percent ? LOLOLOLOL say what ???
Perseiden2 3 months ago