Fairtax Spoof

[DarkTemplarKain]

i don't get why they won't implement the tax, i find it cheaper to enforce one tax as opposed to hiring a huge firm like the IRS to deal with a plethera of taxes. Plus a consumption tax would be a smarter approach at reducing welfare because less tax burdens on jobs and people allowing more leverage for their finances to continue a tax system like Fair Tax.

[thehighladder]

I weep for this country! *secretly smiling lol

[BritBoyProductions]

Nice to see good comments and not just the same guy over and over posting BS on FT videos.

Any video about the FairTax is good because it sells itself...its just a case of education.

[urgener]

23 inclusive and 30 exclusive, symantics. It's a mute point. The important thing is that the rate will be revenue nuetral and that it's so close to what's embedded right now that prices won't go up.

[12FlyMe]

Charles -- if this 1.5 trillion dollar tax Fairtax has planned to make cities and states pay is "no big deal" as you say -- why don't you tell the cities and states about it?

Here is a clue you dumb ass -- Fairtax is a fucking farce, it pretends to get about half government revenue FROM the government in a tax Fairtax hides in the fine print.

Its not going to fucking pass retard - Fairtax knows its bullshit and hides from any hearings under oath.

Its garbage and you are a dumb ass

[12FlyMe]

Fairtax pretends to get most of government revenue by a magic tax -- a sales tax -- that the government pays itself.

Thats right -- pays ITSELF. Read the fucking book, page 148 -- the government is the biggest taxpayer.

Sure fuck head.

Its pure bullshit. The government CAN NOT pay itself -- it might fucking write the check to itself, you retard. So the fuck what. That means NOThING you fucking idiot -- it's not fucking income. They had to PAY the check you fucking idiot.

[BullshipDetector]

Fairtax has NO chance of passing -- sadly.

Its such giant bullshit -- and the leaders know it -- they don't dare have any hearings. Much less try to pass it/

Its a magic pony that shits gold. It pretends to cost NOTHING - largely cause the idiots pretend they can get the government to pay itself over a trillion dollars in sale tax.

Google fairtax absurdity -- its dumber than dog ship.

[viewitnow]

I support the Fair Tax 100%, but this video is terrible.

Tip. Spoofs and Sarcasm only work when FUNNY.

[urgener]

Yea, I know. But consider that this is the oldest video when I search for "FairTax". I'm glad she thought to make a video, and start the "trend". :-0

[Piscivorus]

lol Very well done!

Fair tax ftw! ;D

[denimblueindigo]

MarkDouglasC, still spamming FairTax video's? Still being rude and obnoxious? Still calling people names? Anybody who watches Fair Tax video's sees your posts. Anybody who pays any attention to you is as crazy as you are.

[denimblueindigo]

Terrific! I love it! We need to get the word out people! I just found out about HR 25 about a week ago. We need to bombard our congressmen and senators! Let them know that we want this and we vote!

[chwparker]

I really appreciate your support of the Fairtax, but please understand; the Fairtax is non partisan! You're using this video to partially make fun of liberals, when in fact this will benefit them just as much as conservatives. Can you please edit this so that it doesn't directly make fun of liberals, but maybe just those that oppose it? thank you

[Studio1714]

You tell 'em!

[DaleGribble72]

What's the suits index of the fairtax?

[chrisrobha]

Funny stuff. Go Fair Tax

[investortownhall]

#1. The 23% is a "Flat-Lie" unless you failed middle-school math. It is a 30% National Sales Tax plus Local Sales Taxes which average 6% for a total 36% sales tax on all purchases. #2. You want retirees to pay higher taxes so you can pay lower taxes. Retirees who average only 15% federal income tax, will pay 30% every time they buy food and medical supplies. People making $250,000 get to avoid 40% income taxes and only pay 30% NST on the $150,000 they spend to live. Great Scam!

[investortownhall]

factcheck(dot)org proves this does not benefit middle-income taxpayers. Read Un-Spinning the Fair Tax, May 07. Other Accounting experts come to the same conclusion as Pres. Bush's own conservative task force which said this plan hurts middle-income and gave more tax cuts to the rich. And the PREBATE is another WELFARE handout. And small business owners will be free to cheat by keeping the extra 30% and not recording sales.

[ScrewAnime]

But non the less, you're video was interesting :)

[ScrewAnime]

Sorry to be the bearer of bad news, but I disagree with you're concept of "fair tax spoof". The coroporations decided to "not" keep you're deductions now. Aside from that, it is medicare they have to pay (out of their wallet) including the coporate taxes and compliance costs.

[investortownhall]

Most retirees get riped off. A retiree who paid 30% in FT his who life now pay 30% extra for nursing home care while a person making $175,000 pays no income tax and gets to send children to college without paying the 30% extra sales tax on tuition is a crime! And you do not need to be a CPA to figure out that loop-hole!

[1overseer]

Buy the book and read it the Fair Tax would be the best system I have heard of yet. the only people who will lose will be the accountants and tax preparers they will just have to evolve and learn a new trade

[investortownhall]

I've read the Book. Paying a CPA $300 bucks to complete your tax return assuming you can not do it yourself is a lot cheaper than paying 30% annually on medical, drug and nursing home expenses of about $20,000 annually. And the CPA will just advise thier rich clients to buy Jets, Boats, Cars outside USA to avoid 30% + local sales tax. What we need 1st is lower government spending and lower taxes for everyone. Government Spending is the problem.

[1overseer]

I still think the fair tax is a better option that the tax code we have in place the money that is wasted each year for the general public and companies small and large to stay in compliance with the tax code is reason enough but you are right the government spending spree has got to stop they will keep spending until we hold them personally accountable for all that is wasted from the pork to the new entitlement programs we will be at a 80% tax rate if we cant stop the spending spree

[staylormyerspark]

Investortownhall, it doesn't appear that you've actually read the book. Your points are completely moot. Get your facts straight.

[investortownhall]

No you didn't read the book. And you have no facts. And you have no point.

[Awkyser]

Nobody will argue govt. spending is a problem. Sure the wealthy can avoid the tax by buying offshore but the cost to bring the item (boat, plane etc...) back to the US will make up the difference. Yes tell the wealthy to pay the VAT and support another country's economy.

[Awkyser]

The elderly won't pay more for medical, drugs and nursing home expenses under the Fairtax. they are already paying the embedded taxes in these goods and services now, plus they will get all of their Soc. Sec., pension, and/or retirement check. The prebate check will be even more money in his/her pocket too.

[R3SURRECTED]

Absolutely.

Read the book.

Go Fair Tax!

[chwparker]

It's 23% not 30% and they won't go to other countries because their tax system and having it brought here would cost more than buying it here.

[investortownhall]

The FairTax is monumentally unfair to retiring Baby Boomers. People who have paid 1/4 or 1/3 of their income in taxes for 40 years will now have to pay an equally high tax on all the after tax income they've managed to put aside for their retirement. Every time Boomers buy anything with their lifelong savings, they'll be double taxed. And the 23% is a LIE in the book it is a 30% National Sales Tax + X% local sales tax.

[urgener]

Didn't I see this in the last video thread? Prices won't go up. The retired won't even notice the change. As for the 30 vs 23, it doesn't matter whether we use the inclusive or the exclusive math. What's important is that the percent is whatever is needed to make th FairTax revenue neutral. If I had a dollar...

[HatTricksInc]

Now 60 co-sponsors in the House!!

[searly821]

What a stupid video. You liberals get a big clue, things change and Fair Tax is the way to go. She is just rediculous, and on top of that, she needs to go to a speech therapist.

[ytdalesmith]

Dude. She was being sarcastic. She SUPPORTS the FairTax.

[ashcroft8]

On the note of tax loving liberals...Hell,let the stupid liberals pay all the taxes !

[jbeck57143]

look up the article "The Fair Tax Fraud" By Laurence Vance online

and see:

IRS - It's Time To Learn The Truth (Pts 1 and 2)

here on YouTube

And look at Peter Hendrickson's losthorizons website

[cthulufunk]

Yeah, read it. A ridiculous all-or-nothing tinfoil assessment of the Fair Tax. Vance is some junior college nobody in nowheresville. I highly suggest reading that article too, the guy has zero grasp of economics, it's quite amusing actually.

[MyStrangeMind]

Why pass the Fair Tax when the current taxation system is illegal. Search Google video for "keep 100% of your income" and "Irwin Schiff"

Please be careful what you support, since supporting this would legalize a system that can be fought and beaten in the current legal system.  The so-called "Income Tax" is absorbed entirely in interest on the national debt, it does not fund services that you actually need.

[ytdalesmith]

The current taxation system is not illegal since the 16th amendment allows it.

[MyStrangeMind]

Lets put it this way, the Income Tax is "misapplied" to the average American citizen. The constitution forbids a direct tax that is not apportioned, nowhere in the 16th Amendment does it give the Federal government power to lay a direct tax that is not apportined. The supreme court has ruled that the 16th amendment gives the congress no new powers of taxation...

[urgener]

I hear ya, but in all honesty, can we simply refuse to pay taxes? You go first.

Once the FairTax is in place, the outrageous cost of the Fed gov will be on each and every sales receipt. This will infuriate American. They'll start (finally) voting Liberterian. Shutting down entire Fed agencies (like mine) will be easy, THEN.  The FairTax is "Step #1" toward Ron Paul's dream of downsizing the fed gov.

Remember you heard it here first.

[FairTaxman]

The 16th amendment was never ratified by all states. It was pushed through at the Senates Christmas break in 1913 in part by big bankers that also convinced the gov't to establish the Federal Reserve, which is not a federal agency. Big bankers got gov't to buy money loaning services (National Debt) at the expense of income earners. The 16th was also originally aimed at only the very wealthy, not every American wage earner. Do the history research--it is in black and white.

[ytdalesmith]

If the income tax doesn't fund the services that we need, then what does? Aliens?

[MyStrangeMind]

Haha, good one... In case you didn't notice, there are hundreds of taxes, most of which are actually constitutionally applicable to the American citizen. The gas tax funds the roads, the corporate tax funds the DOD, and there are a myriad of other taxes that fund other things. The income tax is absorbed entirely by interest on the national debt, paid to the privately owned Federal Reserve Bank.

Watch Aaron Russo's "America: From Freedom to Fascism" for the details if you want to know more.

[FairTaxman]

True, you hard earned income tax only funds the Interest only on the national debt--Your income tax does not fund any gov't services at all--make you mad? I hope so! Support the FairTax and make taxation and gov't spending visible to all! Then the real revolt will start!

[urgener]

Wish the young people would get onboard with the FairTax (HR25). Young people will benefit the most, but they can't understand the problems with today's IRS system until they're into middle age, with complicated tax forms (business investments, rental property, children to deduct, etc) to complete.

[dtebh]

Jamie..uh..What exactly about revenue neutral do you not understand?

If you have ever been in business for a profit, and paid empoyees in addition to drawing a salary as well as paying taxes on profits, or have ever owned stock in a company that pays taxes on profits, you would understand. Everything comes from taxpayers as it is. The fair tax is just UNCOVERING the shell game being played by the govenment. Why does this scare you?

[nhprman]

"The Fair Tax makes you invisible, so people can see right through your chest, just like me" That's my favorite line.

[FairTaxman]

Good point--it also reverses to where the gov't becomes visible! Politicians will now be held more accountable under the FairTax! The majority of AMericans apethetic to what gov't actually costs us will finally wake up at every cash register and the revolt will begin!

[nhprman]

Yes, they'll wake up at every cash register - when they are forced to charge a 22% sales tax. Ah, progress!

[FairTaxman]

Ah, but they are not forced until they buy new goods and services...it is their choice as to compared to being forced now or go to jail, lose your house, garnish your wages. Anyway, the 22% is far less then what is forced from us today!

[nhprman]

That's wildly misleading. Your "stormtrooper" view of the world is very disturbing, but it's an exaggeration.

[investortownhall]

Your right again. Like other UNFAIR TAX claims that the average persons take home pay will go up by 40% is ridiculous unless you make over $250,000 annually. This is very Naïve thinking. The rich and businesses will be benefit the most! A person making $300,000 will pay no federal taxes and only then only pay sales tax on the $150,000 they need to live off. And I'll advise clients to buy expensive products outside the USA to avoid the 30% NST. Wake up girl!

[investortownhall]

Yes, your right. People will wake up even faster when they learn the 23% they say is a FLAT-LIE. They want a 30% NST but they lie by playing word games with you. They know if you knew the truth you would never want this to pass unless you earn over $180,000 or have a business.

[JasonSpenc]

JamieDangeroudly, I respect your opinion and you have done your research. However, it seems you are unfairly criticizing. What is your general objection to the FairTax versus our current system? Sure the Fairtax is not flawless, but would you concede it is a lot more promissing and potentially efficient than our current and very COMPLICATED income based tax system? Respectfully, Jason.

[markp64]

There is no need for a"Fair Tax". I would suggest that before you jump on the "Fair Tax" bandwagon, that you read the Internal Revenue Code. It was written before HR25 and is 100% in line with the Constitution. The Constitution prohibits a "direct" tax without apportionment among the states.

[stevep41]

Yea go read the code!!! All 60000 pages!lol That's right folks go read the code. The code which changes on a yearly basis at the politicians descression. Read the code my ###.

[markp64]

The Constitution "LIMITS" the powers of Congress in the areas of taxation. The problem is, of course, yourself and millions of americans have not read the Constitution and have forgotten what our founding fathers set forth in that document. There is limited power given to the federal government and unlimited power given to the people and states.

If americans would just grow some balls and uphold the Constitution, we would not have this issue.

Educate yourself. Go to

losthorizons(dot)com

[JamieDangerously]

increase take home pay by 40%. nah, thats a bait and switch. take a look at nealz nuze Jan 15th 2005 for the truth http://boortz.com/nuze/200509/­09152005.html. youll get a pay cut, because your employers have to use that money to drive prices down (those embedded taxes, remember) so you wont get a penny more than you make now, and if you do then prices on goods wont drop a bit. a big misleading by Boortz and Linder

[volkris]

You clearly don't understand the concept of embedded taxation and where it comes from. Companies will be able to drive their prices down because the costs to them will be far lower. The companies themselves will no longer have to pay a list of federal taxes. THAT is what enables a lower price.

[JamieDangerously]

the concept of embedded taxes comes from ONE academic, Dr. Jorgenson. he's written that his resarch was misrepresented by Boortz and Linder. i understand that you think prices will go down because the companies will no longer have to pay taxes, by an average of 22%. what you dont grasp is that the bulk of these taxes are FICA taxes of the workers.

[JamieDangerously]

if you make $100 and take home $75, 100 is your gorss pay and 75 is your net pay. under the FairTax, your company would have to take that 25 bucks that used to go to taxes and use it to help lower prices, leaving you still with your net pay (75). if the company lets you keep your gross pay (100) they will only be able to manipulate price by about 10%, Jorgenson said. so you cant have it both ways.

[JamieDangerously]

either get a "virtual raise" or have lower prices to counter the tax. this was exposes by Money Magazine in an october 2005 article and confirmed by boortz in Neals Nuze at this link. the book is wrong, they hoodwinked you. http://boortz.com/nuze/200509/­09152005.html.

[volkris]

As the link indicated, the book may have been imprecise, but it wasn't wrong, and it didn't hoodwink me. What you're saying here is precisely the understanding I had of the tax, and is in line with educated explanations of the implications of the plan.

[ytdalesmith]

You sir, obviously don't understand the FairTax. There is two pots of money that a business sends to the fed. It's income tax and the income tax of its employees that it withholds from their paycheck. The former reduces the business's profit. That latter doesn't even belong to the company. When income tax goes away, the business gives that withheld money back to the employee and keeps its own income tax. This extra money will allow for a reduction in prices.

[ytdalesmith]

Wrong! That $25 dollars is the employee's tax that the business passes along to the fed (withholding). The business's income is also taxed.

[FairTaxman]

Wrong. Coroporations do not keep your deductions now. It is the "matching" SS and medicare they have to pay out of pocket along with coporate taxes and compliance costs--these are what will lower prices. Not the 25% you are paying now. It is all the other costs corporations are having to pay.

[volkris]

While Dr. Jorgenson studied the issue of embedded taxation, he certainly wasn't the originator of this obvious concept. Many recognize that the 22% figure is idealized, but that prices will drop since costs will disappear.

[ytdalesmith]

So what. If the businesses no longer have to pay FICA taxes for their workers, they'll have more money and can afford to lower prices.

[FairTaxman]

Incorrect. The FICA, SS and medicare taken out of your paycheck will no longer be taken out. You take that home. Corporations never kept that amount--they only took it out and gave it to the gov't. Corporations will not have to pay the "matching" SS and medicare. That is the embedded costs along with the compliance costs that will drive down prices.

[JamieDangerously]

so you will not only have to keep your personal records in order to pay your state taxes but buisnesses will have to register with additional government agencies in order to get their refunds. more red tape.

[volkris]

Businesses will not get refunds. They will simply not have to submit taxes where they aren't required to. Nothing to refund. You obviously don't know the details of the plan at all.

[JamieDangerously]

ive actually gotten this explained by calling 1-800-FAIRTAX. theres all kinds of red tape involved, including registered seller certificates, monthly reports, audits etc. if a buisness buys form a retailer they will have to pay the tax and apply for a refund. look up the wikipedia article http://en.wikipedia.org/wiki/F­airtax

it also explains the net income vs. gross income

[ytdalesmith]

True, businesses will have to keep this kind of paperwork. But guess what? They won't have to keep all of the records they are required to keep now, in order to pay the income tax. The FairTax does not tax business to business transactions that involve operation of the business. BTW, do you believe that businesses pay taxes under the current system? Wrong, they simply recoup those taxes by raising prices, lowering wages, or reducing dividends to stockholders.

[JamieDangerously]

watching your video and im only 90 seconds in and already i can tell you dont understand the plan. no records? BS. buisnesses will have to prove their tax exempt status to make purchases and get refunds. also, Fairtax does nothing for state taxes, so looks like youll have to keep all those files for records there too. i understand your plan better than you and i dont even support it.

[volkris]

The video was specifically referring to personal records of the type submitted to the feds in with income tax related forms.

[JamieDangerously]

youll have to keep personal records to file for state income tax.

[volkris]

Only in states that have income taxes. Mine, for example, does not. Further, the last state I lived in with a state income tax required far fewer records than the feds.

[JamieDangerously]

47 states have income taxes. this bitch in the video is screaming "no records, no records", not "only records for state taxes and for buisnesses so they can prove their tax exempt status". just another example of a FairTax promise that doesnt turn out to be the whole truth.

[psychoboyaw]

and those states base thier income tax structure on the federal system. once the FairTax is in place, states will no longer have the federal income tax system in place to work from. They might actually have to come up with their own plans for taxing their populations....

how terrible....state legislatures actually having to work on tax reform.

[FairTaxman]

When the FairTax passes, it is projected that the remaining 39 states will also adopt the plan and elimijnate income taxes and replace with an additional state sales tax. 11 states do not currently have an income tax.