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The fair tax is a fantasy. There's no Dem support for it because it is revenue neutral. So, what Guiliani thinks about it, or Huckabee, or any other presidential candidate, is irrelevant. Pick a new issue.
etsneroj 4 years ago
REvenue neutral my asp. THe FAIR tax would decimate the economy - and the taxes from it.The Fair tax is idiotic cause it would be 40-50%, not 23. They said 23 when it first started -- but it was to replace INCOME tax only. Now they say it replaces a bunch of huge other taxes -- mostly FICA too. But by magic, they keep the rate at 23. Crazy. And the 23 wouldnt have even covered income. But it sure as hell wont cover them all.
MarkDouglasC 4 years ago
I think you don't understand what revenue netural means. It means people who make the same income (revenue) pay the same rate, as opposed to the current system where you pay a higher rate of tax if your income is higher.
etsneroj 4 years ago
Hey stupid, I know what reveune neutral means you moron, and I just showed your dumb ass how it cant be revenue neutral. Gesus you are stupid. It was supposedly revenue neutral when it was 23% -- to replace income tax only. But now it somehow replaces income tax AND FICA tax, AND inheritance tax AND cap gains tax. HOw in the hell can the same percentage cover twice as many taxes at far higher cost you moron.
MarkDouglasC 4 years ago
Maybe I am stupid. Or maybe you have a hard time expressing yourself. You say 23% is unrealistic to cover income, FICA, etc.(I agree), but you don't explain how that subjects different people to different rates. Whether everyone pays 1%, 23% or 95%, its revenue netural. No?
etsneroj 4 years ago
Its not revenue neutral cause the revenue would drop dramatically. IF the revenue drops dramatically -- thats not neutral, is it?
Why will revenue drop? Cause sales will go in the toilet. If you have a 40% sales tax on new houses - new house sales will drop. Almost no one would buy new houses -- they would go for used houses. A 40% tax on cars -- decimates the auto industry. This is the most idiotic insane and stupid tax idea I have ever heard.
MarkDouglasC 4 years ago
What you're saying is the fair tax is bad economics. Fine. But, I'll accept your apology in advance for calling me stupid and saying you know what "revenue neutral" means. It is a term of art. "Revenue" in this context refers to our personal income, not total U.S. tax revenues. So, if a millionaire and a pauper both pay the same consumption tax rate, its "neutral" (i.e. unadjusted for income). That's what Dems object to. That's why the fair tax will never pass.
etsneroj 4 years ago
No, revenue neutral means it would bring in the same tax receipts as before -- that the government would get the same money in under either plan. Thats what they mean by revenue neutral. Only, it wouldnt possibly bring in the same revenue as before. But you are right,I do apologize for calling you stupid.
MarkDouglasC 4 years ago
This is incorrect. It's a tax that you are ALREADY paying. In the case of real estate, you pay the income taxes on the income to buy the real estate, the home is made of materials purchased with embedded corporate taxes... etc.
svenp 4 years ago
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You have your terms confused. Revenue neutral means exactly what I said it meant -- it would bring in as much money as before(supposedly). No change in revenue -- revenue neutral. Embeded means there is a hidden tax that is passed along in the cost of a product -- a tax you dont see. The terms are related but not identical. Regardless, FT is a crock of nonsense, a delusion of wishful thinking and crappy math.
MarkDouglasC 4 years ago
He has lost me now. We need a strong leader. We need the Fairtax!!! Ten Trillion dollars will flow back into this economy. Only corrupt people oppose it.
5cannerd 4 years ago 2
Ten Trillon dollars -- are you a moron. What the hell do you think a 40% tax on the sale of new houses would do to the housing industry? What would a 40% sales tax do to car sales? Are you mental? Yes, we need a better tax system. But this sure isnt it. This FT is beyond stupid.
MarkDouglasC 4 years ago
It wouldn't do anything to the housing industry. You are already paying 30+% when you buy a home. Ever hear of income taxes? How about the corporate tax cost that is embedded in building materials? You might want to read more about it, it actually makes a lot of sense.
svenp 4 years ago 2
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Your dont understand economics. Yes, there are "embeded" taxes in the cost of that new home you buy -- in the sense that the carpenters that built it paid income taxes, for example. Well, those carpenters would still pay taxes - just SALES taxes. They would have to get enough income to pay those. So there would STILL be embeded taxes. Besides, home price is a function of supply and demand, much more than the tax rate of the roofer.
MarkDouglasC 4 years ago
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I heard of income taxes, moron, ever hear of logic? I read about this tax for years, thats how I know its delusional nonensensical crap. It doesnt slow down at stupid. Its not a little stupid, its not a lot stupid -- its insane.
MarkDouglasC 4 years ago
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Only corrupt people oppose it? Are you insane? Anyone that is honest and understands math and economics would oppose it. The problem is -- you dont know the reality of what this plan does. It will put a 40% sales tax on new houses, on medical cost, even charge that same insane tax to government spending. How the hell can the government pay itself taxes -- moron -- they would have to raise taxes to pay their taxes.
MarkDouglasC 4 years ago
He's opposed mainly 'cause he's too lazy to read up on how it actually works. It's so much easier to just say "just simplify the tax code". Think of how many politicians have said that in the past, and look how much has been done. I feel sorry for anyone who believes that.
lcfan1985 4 years ago 2
Perhaps, but even if he did read it, he'll still oppose it. Do you want Hillary to raise your taxes? She's got the nomination pretty much locked up. So Giuliani (lower taxes) is the best person to beat her.
unknownunknowns 4 years ago
Rudy has stated that he read the fair tax book, but last I heard, he hasn't met with the fair tax people.
YITBOSGP 4 years ago
I think he supports the fair tax alright but he also believes you have to impose it incrementally. He hasn't met with those people, probably, because he's moderating his position.
unknownunknowns 4 years ago
YOu idiot, Hillary doesnt have anything locked up. Guiliani is typical GOP scum - tax work 300% higher than any other activity.
MarkDouglasC 4 years ago
Im opposed to the idiot fair tax cause its beyond stupid. It would be a 40-50% sales tax, on new houses, on cars, even on the military. You moron, go find me any country ever that taxed sales of homes 40%. Or taxed medical cost 40%. OR taxed their military 40% Its the dumbest most idiotic thing I ever heard. Learn some math, some logic, and some history.
MarkDouglasC 4 years ago
Look, I want the fair tax but not at that level. Before we even implement it incrementally, we must cut wasteful spending (if there is) so we don't get a 40-50% sales tax.
unknownunknowns 4 years ago
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THis guy -- unknown -- is smart. We would have to cut spending enough that the sales tax to replace all the taxes wouldnt be so high as to be crippling. Exactly. If you can get the sales tax rate to be 5-10%, or even 15%, fine. But 40-50% sales tax would force many people not to buy houses, cars, or other big ticket items, and there goes your economy.
MarkDouglasC 4 years ago
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You have a point -- people have said simplify before. And they didnt do it. Thats very true. But that has nothing to do with the lunacy of the FT -- put the FT in, I hope you do, I really do. Personally I would do great with it. I have guaranteed income for life, I was lucky. But the economy will go in the toilet becuase high sales tax on big ticket items -- houses, medical cost, for example.
MarkDouglasC 4 years ago
He's a control freak. There is no way he would go for the fair-tax.
buckndaisey 4 years ago
Who will fund our continuing glorious victory in Afghanistan and Iraq if we drastically lower or eliminate the income tax? The corporations?
That's who we are supporting with our taxes anyway...
bakshay 4 years ago
Wow dude, read even a couple sentences about the FairTax. It's a national sales tax the repaces the current mess of a system.
fairtaxhtown 4 years ago
I know what the FAIR tax is - you dont. Its a farce. I want to get a simple tax code -- I could write a four page tax code for individuals in language even you could understand. But the High National sales tax on new houses, on cars, on medical cost is insane. It would even charge the military the high sales tax, which is a whole other level of absurdity. This moronic tax would be a disaster. Its so stupid I hope you do it, to show how idiotic it is, and you folks are.
MarkDouglasC 4 years ago
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Apparently thats all you read, one or two sentences. YOu should read the sentences that says new homes and medical cost and even the gov has to pay the high sales tax. Yes, our system is a mess - but this is like shooting yourself in the jaw cause you have some cavaties -- not the right solution for the problem.
MarkDouglasC 4 years ago
The Transition is simple: These businesses and charities are relieved of their tax burden! They wouldn't have to make a transition, they would just get a break as soon as it's passed.
chwparker 4 years ago
I agree with the transition but unfortunately, not everybody is on board, so lowering taxes will get to your goal of eliminating income taxes more so than an immediate elimination. Rudy needs VOTES, my friend.
unknownunknowns 4 years ago
I personally gave Rudy the Fair Tax Book when he visited Bluffton, SC. If he would take the 4 hours to read the book he would retract everything he just said in this video. He obviously does not know the facts of the Fair Tax.
karenbikes 4 years ago 2
Even if he did read the book, he needs the votes more than he needs the fair tax. Who do you want for president, Rudy (lower taxes) or Hillary (higher taxes).
unknownunknowns 4 years ago
The Fairtax will get him the vote. Look at how many people in that room alone jeered at his comment regarding the Fairtax. It has tremendous voter support and would be more likely to get him a second term
chwparker 4 years ago 2
I know but what about the middle of the road people who are skeptical about the fairtax? He just can't get the conservative votes. I'm sorry but I don't believe this "all or nothing" concept; it's SOMETHING or nothing.
here4ever 4 years ago
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Rudy knows the crap thats in the FairTax lunacy book. He should come out strong and tell you morons that you are delusional idiots who dont know math, logic, or even your own plan. But he needs your votes. I dont. So I ca tell you-- your plan doesnt slow down at stupid - it goes right to insane.
MarkDouglasC 4 years ago
Love the Ron Paul Tee Shirts - Run Ronnie Run!
CE174269 4 years ago
Which is why Giuliani fails in my opinion. >:-[
KeroroGunsouTX 4 years ago
Hey, I want the fair tax as much as you but this plan should be done INCREMENTALLY. Also, we should be lowering spending because we might end up with a 30% sales tax. I should remind you if Giuliani wants to beat Hillary he's got to be more moderate.
unknownunknowns 4 years ago