Hunter had it right when he said bring back industrial America. And to do that we'd have to go to a Fair Tax "I want it 18% which would be possible with enough government cuts, become energy independent through oil and natural gas,let local government to control environmental regulation,let local government have 100% control of public education so they can train them for tomorrows factory jobs, and make a new trade agreement where there's a global minimum wage of 8$ to ensure more equality.
Our tax code wasn't like it is today 100 years ago and look at how our country prospered and became the worlds industrial base. Now look at it corporations are leaving America because they can't turn a dollar because of over taxation and over regulation thus our economy is in the toilet and will stay there until something drastic happens ...time for a change. I don't give a shit if the fair tax is an utter flop I want the IRS GONE!!
A lot of coordinated opposition lying is going on here. I have in depth examined this issue. And I do not need to fill my mouth with filth to make my point. Eliminate the IRS. Eliminate citizens filing forms. A system where drug dealers, bribery, mafia, street gangs etc finally get taxed. Trim the bloated cost. More efficient. Lawyers cant trim away rich paying a consumption tax on BMW's, gold, travel etc. But, those who profit from current system will SCREAM like stuck pigs.
Fairtax is a farce. It pretends to get over a trillion dollars in sales taxes FROM the government.
Do your homework -- read the FT book -- page 148 "The federal government will become a MAJOR taxpayer".
Not only will the FEDERAL governmen become a "Major tax payer" all state, county and local governments have to be "major tax payers' too -- they have to pay this same tax.
So Fairtax depends on absurd nonsense. Its not a serious plan -- its a lying gimmick, and the leaders know it.
The federal government already pays tax... the imbedded income tax. They may not pay their own income tax, but they pay the tax of their suppliers & contractors who have to charge enough to cover the income tax they pay. The key is understanding the concept of "imbedded" tax.
If the Fair Tax, an imbedded sales tax, is to replace an imbedded income tax, then leaving the government out would skew the rate and complicate the collection and reporting system. (cont)
Wyden's tax plan is probably still at his web site. He is a US Senator from Oregon.
But if you are so fuching gulllible that your dumb ass thought Fairtax was well thought out -- after you learned it pretends to get most of its money by having the government tax itself --- then you are too stupid to understand anything about taxes or economics, so forget it.
I always wonder who you guy's think "they" are. Could it be that we told the politicians what we think, and not just vote for an agenda. I've been a Fair Tax Supporter long before any politician picked it up! I know it's hard to imagine that a Grass Roots Movement can provide Real Change. The Fair Tax is just that. We are tired of the constant changes, and the lobbyist who keep this injustice going. We want a even and Fair playing field where we all can succeed!
Where is the best writeup on Wyden's tax plan? I am interested since I have studied several and the FairTax is the only one I have seen that seems well thought out. But, I am open minded to other ideas.
Your dumb ass was fooled by this magic pony that shits gold.
The prebate is 188 month, Thats it. If your dumb ass gets cancer and 50K in sales tax, still 188 month.
But the big dumb ass lie you lunatics should be pissed about, is the lie that FT can collect a huge sales tax -- about a trillion dollars -- FROM the federal government, every year, and count that as income. Dumb ass.
Sure -- if fairtax worked like they say - it would be great. But they are lying you rdumb ass.
Screw this. Not everyone is going to be rich, and I'm struggling to get an education, just to make it to the middle class. I'm sure as hell going to spend all my money climbing up the ladder, so basically all my earnings will be taxed. While, only a small percentage of the rich class earnings will be taxed. Doesn't sound fair.
The Fair Tax sounds cool, but how the heck are you going to keep people from buying crap from overseas or from accross the border and having it shipped. I don't see why you would bother to buy anything from your local guys when you could get it free off shore. What are they going to do about that, shift all the IRS jobs to have people poking around in every package that comes into this country to find out if it has been taxed? Seriously.
99% of people that FULLY understand the Fairtax, Realize that it is one of the single best things that could happen to our country... Im a democrat and thought it was a dumb idea untill I read the Fair Tax book. I really hope that it gets passed and i want to pressure people to really look into the fair Tax and make a decision for yourself.
Your so right supersonic6. I was against it until I fully understood the Fair Tax. It takes power away from Washington and gives it back to the people!
It never ceases to amaze me that people like Atomsmasher777 listen to the pundits, and never do any research. Here we have a tax reform that was designed by economist, not in a Republican or Democratic think tank! A tax system that completely untaxes the poor, and helps our citizens move up the economic ladder without large government organizations. It's sad to see individuals so blinded buy ideology that they lose all reference to common sense.
Look up the "Tax Reform Act of 1986" on Wikipedia. Do a search.
Reagan helped the rich and hurt the middle-class. Every time the Republicans talk about reforming the tax code, you know they're out to help the rich. That's what they do.
A graduate (economics) knows that wealth consolidates (the bases of the game Monopoly) Because of this economic law, when we did not have income tax in the 1900's we had Robber Barrons, monopolies, trusts and indentured servitude (slavery through debt -white people by the way) and ZERO middle class.
A middle class is ARTIFICIALLY created with taxes and wealth redistribution.
How does a Fair tax redistribute to avoid the law of wealth consolidation?
Fair tax is the way. Imangine getting a salary of $52,000 a year. You get $1000 a week. Current tax, you get $666. Fair tax you get $1000 per week. Tax is generated when you spend money. Say you spend $20,000, you are taxed $20,000 x 23% = $4,600. With current tax system, you pay 33% x 52,000 = $17,160. Fair Tax gives more money in hard working Americans. It attracts companies here to the US because no corporate tax. Means more high paying jobs. America can now take on China.
Incorrect. No quintile pays 33% in effective federal taxes. THe top 1% only pay about 31%*.
The middle classes pay 8-18%*. Under an FT, fairtaxorg/BHI's own numbers show the average effective rate of the middle classes and upper classes as around 19%.
So the top 1% receive a huge tax cut and the middle classes get a huge tax raise to make up the difference (revenue neutral, remember).
*includes ALL FiCA and CIT and Excise Taxes, Source=CBO
Earn $10k - $150k a year? Want to pay more taxes and have less leisure time on average? Then the FT/NST is the wacko tax for you!
"In the aggregate, some households* would not be as well off for the first couple of years**. However, a stronger incentive to invest and save would cut into consumption, and the greater incentive to work would cut into leisure."
MarkDouglasC (the child molester) is not telling the truth on this one. Anyone who reads his comments knows how he tends to twist things and stretch the truth. I read the article that Mark is referring to. Boortz didn't "admit" anything. Please take Mark up on his offer for the link to the article and see for yourself. The FairTax has Mark just a little worried. The more he rants, the more worried he is. Best to just ignore him.
HUNTER = An Honest, Principled , Consistent Honorable Traditional Conservative Statesman
BUSH = A moderate elitist, Big Govt. Illegal Alien loving Liberal Stooge !
Remember his term Compassionate Conservativism ? Well in 00' when he wanted to get the Nomination and fool you, it was Merely code Language for big govt. Open borders Moderate Global Liberalism.
HUNTER would intellectualy embarass, Dominate and wipe the floor with the Liberal stooge Bush, who is an empty suit
Unfortunately the Fair Tax does not eliminate the far greater threat to the safety of this country inherent in the collection of unearned incomes which by their nature are paid from the earned incomes of productive labor and capital and which existed long before taxes on labor and capital made things worse. A real solution will be to eliminate all taxes on labor and capital and only tax values and incomes unearned in the hands of their owners. The tax on land values is such a tax.
Our -- very interesting!! I basically agree, but you would have to explain it better.
You have described what I call "skimming" -- skimming the wealth and value that comes from work of others. Hard to define, tho. Cap gains & dividends could be called skimming for example.
But we NEED skimming, we NEED greed, as a motivation. God bless skimming - if its taxed as much as labor.
Right now the tax code screws work by taxing it 300% higher than skimming. Much of skimming pays no taxes.
As an American I understand that our payroll represents our blood, sweat, and tears. If our income was deductible from the sales tax base, a 180 degree change would result. No longer would our domestic incomes be stifled, but rather, they would be encouraged.
kmarina -- not sure what you mean, but I agree a babysitter or other very low wage person should have no tax. Fairtax clobbers those folks -- especially if they get sick or use their savings to buy a new house or car. The low wage person under fairtax could have 100,000 - even 200,000 in sales tax on medical or new home or whatever.
Not sure the details of your plan, thou. Please email me to explain.
i'm just sick of half my paycheck going to free loaders and to the government to just waste with their "pork barrel spending"! I want the money that i worked hard for and i don't want the govt reaching in and taking what is mine!
Bruce -- Fairtax now admits -- Boortz admits -- that you WONT keep that money you used to pay in taxes -- you WONT get that money on your paycheck underfairtax.
They have "clarified" that "misimpression". your employer can keep the money you used to pay in taxes that was deducted from your check. Your employer decides -- not you. Fairtax now says you take home the same as before -- no more, under Fairtax.
Surprised? So was I. Want the link to Boortz "clarifying it?" Email me.
It is absolutely necessary to remove all taxes from labor and capital. But sales taxes are the instruments of tyranny and the truth is that they finally have to be paid out of the earnings of labor and capital. The people getting the free ride are landowners whose land values are created, maintained and increased by all services provided by govts. A stiff land tax while eliminating taxes on labor/capital is better economics and more just since not everyone owns land. Big land loves the Fair Tax.
Just like they say corporations don't pay taxes -- only people do. Then they say the federal government will become a MAJOR taxpayer -- 800 billion worth.
So you morons are going to add THE HIGHEST SALES TAX on fucking EARTH -- and prices will stay the same.
How fucking dumb are you, you idiot. You add the HIGHEST sales tax on the fucking planet, and the price STAYS THE FUCKING SAME.
What kind of idiot are you? Quit calling this the Fairtax -- its the worlds HIGHEST fucking sales tax. Its not fair, its not even rational. Its pure bullshit. Total complete bullshit.
actually you have to remember that those taxes are combined with the 18 cents a gallon already there. Also, the average is close with all companies, as they are charged taxes from the same source based on the same criteria.
Our family business has a book keeper who EASILY does FICA and other payroll duties, along with 1000 other things she does. We can't fire her you idiots. She does a lot more than just FICA.
So what the futt are you rambling about us saving all this money on "compliance"??
Ill wash your ass and drink the water if Fairtax could be 23% -- and that would be horrible enough.
Fairtax comes up with the bullshit 23% by lying and stupidity. #1 Lie = being able to make the federal government PAY itself 800 billion or more a year. Can't happen morons -- the gov has to PAY IT. ITs NOT FUCKING income.
Stupidy #1 -- when you tax new homes/ cars with the highest sales tax on fucking earth, sales plummet, so the tax receipts you idiots plan on, can't possibly be there
Disk -- exactly. The corp tax is on PROFIT. So GM and FORD for example don't pay a DIME of it. Nor do most airlines.
These morons are adding the worlds HIGHEST sales tax -- based on LOWERING these other taxes, which some companies don't pay.
GM and FORD and most airlines wouldnt save ONE DIME on corporate income tax-- THEY DONT pay it. GM and FORD do pay the other main embedded tax-- FICA. About 200 dollars PER car.
Buy these morons are going to ADD 10,000 tax to a car - not 200.
The Fairtax rate could be 23% if reality didn't matter. That 23% you morons is based on the GOVERNMENT paying ITSELF 800billion - one trillion. Thats fucking insane bullshit.
PLUS -- its based on cancer victims, nursing home patients, and all medical cost paying the fucking world's highest sales tax.
And new houses would have to pay this tax. New cars. Not gonna happen you idiots. New home/ car sales would DROP you idiot. So the rate would be much much higher to make up for it
Fairtax would be the worlds HIGHEST sales tax. No other country even comes CLOSE -- it would be TRIPLE any country's sales tax.
If that weren't bad enough -- this idiot sales tax would be on your gasoline!. Right now we have 18 cent fed sales tax on gasoline. Under fairtax - 1.50.
Also they will put the worlds HIGHEST sales tax on your RENT -- yes RENT.
On your car insurance payment -- YES car insurance would be taxed. The HIGHEST sales tax ON EARTH -- go for it!!!!!
Ok for those of you reading Mark's post here, please do your own research. The feds have higher taxes than that on gas, and it wouldn't go up at all under the Fairtax. His 1.50 figure is insane. Also, those other things that he mentioned are already taxed, though they are usually embedded as opposed to being right there in the open (which the Fairtax eliminates) you can read the full Fairtax bill online, please see it for yourself.
The federal tax on gasoline is 18.4 cents per gallon, and would not go away under FT/NSTi, it was not included in the (fudged) calculations they used to arrive at the 23%1/30%e rate. The FT/NSTi tax would add 15-30% or more to the price of gas at the pump -- that's %, not cents--at $3.50 a gallon, 15% would add 52cents a gallon. Overnight.
The idea of "embedded"taxes as posited by Boortz and FT backers is disengenuous and misleading. If you accept their definition- drugdealers already pay.
Those taxes are only directly charged to gas. you left our the company's corporate income taxes, FICA, capital gains taxes, tax compliance costs, etc. all embedded in the price of the gas we buy, as well as the companies that provide utilities and services, and also
chparker -- are you retarded? Fairtax would be at least 50%-- our present fed gas tax is 18 cents you pecker head. Under fairtax,fed gas tax would be AT LEAST one dollar, maybe as high as two dollars.
Plus this idiot bullshit farce tax is on UTILITY bills - phone bills - car insurance - medical bills.
CHWparker why don't you tell me what the futting sales tax for gas would be under Farcetax -- I mean fairtax.
Those taxes are only directly charged to gas. you left our the company's corporate income taxes, FICA, capital gains taxes, tax compliance costs, etc. all embedded in the price of the gas we buy, as well as the companies that provide utilities and services, and also which are removed under the Fairtax.
So tell us you moron what the fairtax would be on gasoline you idiot -- no double talk. What would the fairtax be on gasoline per gallon of gas?
Speak up.
Oh - and whats the Fairtax on a new house -- in dollars. On your utility bills -- in dollars. On your car insurance - in dollars.
How much sales tax will nursing home patients pay -- in dollars. How much sales tax will cancer victims have to pay -- in dollars. Dont give me the percentage bullshit double talk.
I can't give you exact dollars, as the prices vary by several different factors, which is why percentages are gernally used. However, I can tell you that they would be at worst near the same price as they are now, with the benefit that income, investments, and savings are no longer taxed.
This tax would be 40-60%, not 23%. The 23% was based on the absurd nonsense of the federal government paying 800 billion TO ITSELF each year. To make up for that -- the real rate would be over 50% -- thats 50% tax on your surgery, chemo, drugs, doctor visits, second opinions.. Plus it would be on all your utilities, your car insurance even, its crazy. Most people would pay FAR more under this tax.
No, the 23% is based on consumer consumption, not government. For those of you who are new to the Fairtax, you can read the full bill online to see what it really says. You have to remember, there are many people (IRS and HR block employees, etc) who are dead set against this.
The 23%1/30%e rate is based on economic data twisted several times to suit the backers aims.
For prices to drop the exact amount of the added sales tax the following would have to be true: every Billionaire who gets to keep all that money he was paying in as income tax would have to reduce prices in all products at all companies his income is from by that exact amt. You do realize Warren Buffett doesn't really control product prices in all the companies he makes his fortune from, right?
True, but it doesn't really matter what the wage level is, if you work for a living. If you work, you'll bank the savings either as lower prices or higher wages- probably split about evenly between the two.
Hey Fair tax wackos - I will wash your ass and drink the water, if the Fair tax could be 23%. It would be a nightmare at 23%, but it will just be unfutting real at the 50% it would have to me. YOu really think cancer patients will have to pay 40,000 tax on their surgery and chemo and funeral? Health care will get exemptions, morons. Military wont have to pay 1 billion dollar sales tax on a submarine, you idiot. They will get exemption. Lots of exemptions. Rate would have to be 50%. Lets do it.
It would not have to be that high, and healthcare would not increase. 23% (which would go unnoticed after you remove embedded taxes) is the level it would need to be based on the current level of consumption (which woudl go up once people start having more of their own money to spend under the Fairtax).
One day you will understand that for prices to go down anywhere near 23% (at best would be about 17%), net pay has to stay the same for everyone-- and in that case some folks keep 5-8% more pay while others keep 35% more.
I believe net pay would be able to rise for the average person and the prices still go down, especially when you factor in how much we pay just in compliance costs, from having our taxes prepared by a profession (both individuals and tax preparation companies) to the outrageous fines and penalties that the IRS charges for insignificant mistakes. Look, I know the Fairtax isn't perfect, as it is impossible for imperfect people to make a perfect system, but it is far better than the IRS system.
No, it's much worse than the current system, because it shifts even more of the burden on the middle classes, and because upon adding in the tax prices will go up any where from 15-30% or more (not even the most pie-in-the-sky FT-backing economist thinks prices would be lower than now AFTER the tax is added in), AND it re-taxes the savings of any US citizen not wealthy enough to live abroad (like,ohh, most of the middle classes).
The purchasing power of one's savings will drop 15-30% overnight.
Fairtax people havent told you ----1) They havent contacted and CFO at any major industry to go over their figures -- or to determine if the company could cut prices by 22%. 2) That cancer surgery and chemo cost of 100,000, would be taxed 23K. 3) that Nursing Home patients will pay the tas. 4) That they have no idea how they can.
You are incorrect on each one of those, and I don't see how you made the mistake for number 1. Not only have they been contacted, but it was actually researched and funded by two businessmen. And it is not either dying, I see it growing daily.
Ron Paul is a nice old kook -- but he isnt a liar. He is very smart on economics -- a bit daffy on history thou. Anyway, even he isnt going to eliminate the IRS day one. He will cut SPENDING enough so that you CAN get rid of it. Nice thought, of the two plans, Kooky Paul is by far the better.
spread this. It cant work as advertized. This is akin to commmunism -sure sounded good, right comrade? Wow,what a concept. Easy answers. Couldnt miss. What ever happened to communism? Did it even work for ten minutes as advertized? hello no
How do I know this? Besides the age being the same in both profiles, MarkDouglasC told me he wrote books. Also notice the use of capital letters. Nice try Mark!
He's IRS. If you notice, he spams all FairTax video's. NOBODY can be that negative against this unless he has an interest in keeping the current system. Remember folks.... these people will stop at nothing to keep FairTax from happening!
denim - Im trying to help you bro. You are about to be laughed at for 100 years. If you boys get this passed, it will be a disaster worse than the Titanic. And for 100 years, economics classes and politicians will laugh at you FairTax folks for your silly math, and disregard for economic reality.
The fact that you've used multiple names to spread your spam only goes to prove that you are a mental case! I wouldn't believe you now, no matter how much spam you spread.
Why not just tax all income alike? What the hell is wrong with that? However you tax work, self employed, small business, tax everything that way? If you have income, great, but dont tax one kind of income 300% percent higher? Thats what we do now, we tax middle income WORK - wages- self employed - business income - 300% higher than anything else. Tax all income like we tax hard working folks.
MarkDouglas is right. This Fairtax is a mile wide and an inch deep. Dont be fooled. Its really nuts. They will pay you so you can pay your taxes? They will somehow have everything cost the same, and the taxes will be paid automatically when you buy something? But prices wont increase? This is a pig in a poke, a lie, or a con game, or its done by looney birds.
LILgeo, show me where. Show me why a nursing home wont scream bloody murder if they have to collect 23% sales tax -- many of their patients cant pay it. THey are on madicaid. Same thing with cancer hospitals, same thing with renters, new home builders. Show me any logic, rhyme or reason, which says they can pass 23% sales tax on, and wont call congress, wont get exemptions. YOu seriously think a cancer patient will get charged 23% for chemo? 23% extra for brain surgery?
Somebody ask tuff guy Duncan, what the hell research was ever done on fairtax. Im not talking about hiring public relations to respond to objections -- thats not research. What RESEARCH has been done. What have nursing homes, hospitals, defense contractors, and new home buildings, DO and say about it? Will they get exemptions? IF so, how much will the FT have to be? 50%?
Duncan is a "defense guy" -- but the moron either doesnt know -- or doesnt care -- that the government would have to pay the same idiotic tax - that means a 23% tax on tanks, you moron, a 23% tax on jets, bombers, guns, ammo, . They HAVE to charge ALL gov spending - for the 23% to work. Of course, gov will get its own exemption, and the 23 will shoot up to 40-50. Morons.
If Hunter had any balls he would say "Are you nuts man, the special interest would get exemptions -- and I would help them. I would help the military avoid this high tax, cause it would be impossible to pay." But he lies to you morons, he has no balls. At least Paul, kooky as he is, tells what he thinks is true. Duncan doesnt. Sad.
Duncan Hunter is a pussy. What a wuss ass.He knows better than to believe the myth of a high national sales tax working. He knows nursing homes, military, cancer centers, renters, new homes, cars, would all get exemptions. He works with lobbyist every day. He knows it cant be 23%. He knows it would be 50% and crumble. But he panders to you idiots,like the coward he is.
greer - right. And its beyond unfair -- it wouldnt work as they say. Huge segments of economy will demand (rightly) exemptions -- like cancer centers, defense contractors, new home builders. And thats just the EASY to spot silliness -- there are many more, but you have to understand economic theory to grasp it. Clearly, most of these folks mean well,but dont know what they are talking about.
Im disappointed Duncan Hunter is sucking up to these idiots in FT. This idiot high sales tax would also be on military spending too. So Duncan is just a liar. The Fair Tax is on military spending too, read the book.
I don't know about congressman Hunter. I do know I'm one of those baby boomers one of you wrote about! I've read ThefairtaxBook by N Boortz And congressman Linder, itappears to mewhen you remove 25% imbedded tax from the price of any product or services you purchase($100-$25{25%}=$75+$17.50{23%}=$92.50)and you don't pay income tax or social security tax out of your paycheck or just income tax on your retirement income and 401k and savings , sounds as though you come out ahead.
Assuming spending stays the same, you're going to end up paying the same amount of tax one way or another.
But without $140 BILLION in tax preparation costs we all pay and the elimination of 16,000 pages of tax code. And with a very strong added incentive for savings. And with the loss of all those tax code loopholes that special interests and corporations are constantly lobbying for, politics itself would get cleaner.
The problem with that is that the "embedded tax cost" is mainly comprised of the "income tax and SS tax" taken out of employees' pay... so if your employer doesn't keep this money (by lowering your wages) under an NST, prices go up (quite a bit), because the embedded cost is mostly still there.
That's about half of the embedded taxes, and if you work, you get that money back anyway. Actually, that would be the better scenario, because it will transfer burdens from law abiding citizens to criminals and tax cheats.
Bill -- nonsense. They are fudging the numbers and logic. First off, forget 23%, it would be over 50, cause of correct exemptions by nursing homes, hosptials, defense contractors, renters, new home buyers. So you will pay 50% more, once those exemptions have to be given. Plus, you wont save that much, you will have 15-20% more on paycheck, -- not the 25-30 they promise. Devil is in details.
The IRS seized my life savings. It cost me almost all of it to defend myself. I was denied the right to due process under our present tax code. They seize first ask questions later. It just may happen to you! We now have a realistic chance to do something about it. Support the FairTax and put all of those IRS bastards out of a job!
Watch out! Anyone who doesn't like the FairTax and takes the time to come in here and make negative posts just may be your friendly neighborhood IRS agent. Anyone that doesn't see how important this is, just might have a vested interest in keeping the present system. The information is either in the book, or at FairTax dot org. If you don't understand it, read about it, then come in and make your posts.
Duncan Hunter is dreaming, there will never be a fail tax (code name for 34% sale tax), it will never happen to many people against it once they know about it. I pay 15% now why would I want to tax my self 34%.
other people estimate the fair tax will be high at 34% sales tax, will GOP was in charge the last 6 year and look at the mess we have know. Iraq was build on lie and deceit, look what happen.
I beieve the bill calls for a 23% flat tax on consumption. That my friend is quite different from 34%. Also to state that you only pay 15% taxes means you do not buy anything, period.
Your Fair tax is a 30% sale tax. GOP has run the US in the into the ground with this Iraq war because lies, and the biggest increase in debt spend in American history. Thats how you manage a country. I wonder what God would Say.
Read "The FairTax Book" By Neal Boortz for full understanding of the facts and why this is a great idea.
While it's true that economic growth would be faster under the FairTax than under the current code, most tax reform proposals would result in more economic growth. What sets the FairTax apart from the rest of the tax reform proposals is its impact on international trade and investment. The FairTax would make the U.S. one of the best places in the world for business investment.
God, do the Ron Paul kool-aid drinkers never shut up! Read "The Fairtax" before you start spewing crap.I tried to read the US Taxcode. Impossible. Fairtax is much simpler. I KEEP my paycheck in MY pocket unless I consume. I am ONLY taxed on what I SPEND, not what I earn! I am not taxed on used goods or bartered goods, I'm not taxed on my potential. Better yet, it is equal and across the board, everybody pays. Not just middle clas schmucks like me, rich and illegals pay too!
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.
If the government would tone down their greed and quit wasting money like a drunken sailor, less people would tone down their rebellion against the government and their never ending taxation. Until they do, MORE people need to stand up to the government !
The FAIR TAX eliminates the IRS and prevents the tax on your income. The Income tax is then replaced with a 23% sales tax. Why not vote for Ron Paul, Ron PAUL WANTS TO REPLACE THE IRS WITH NOTHING. GO AHEAD DO YOUR RESEARCH.
I do. I actually read from sources OTHER than the cult shitrags you browse through.
It'll be fun watching you "fair" tax and Ron Paul goons going down in flames a few months from now. Maybe you'll stfu, at least until the next election cycle anyway.
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.
That is a lie. You recently read that somewhere or heard it on the Mancow show....By the way, everything you read in the OpinionJournal is not true. Do you think taxing hard work is a good idea?...Or do you think taxing things is a good idea? You need to do more research(on both sides), not just the "lazy" side.
"GOOGLE" up the facts? You said Google and facts in the same sentence. You're brilliant! By the way, FairTax is not a scam.FairTax is an incentive to work harder,an incentive for corporations to move their companies back to the US,an incentive for millionaires to move their money from the "tax free" Swiss bank accounts to US bank accounts. There are certain people in this country who do not pay taxes at all...There is a huge list. I'm paying for them. Whose being SCAMMED? Sounds like you!
That's all you got? You hear half of the facts and you make a good judgment. Cultists?
Did you recently watch the Jim Jones documentary on the History Channel? You're really informed. You should try doing your OWN research and forming your OWN opinions instead of stealing others on OpinionJournal.
If you actually read the plan it actually reduces the embedded tax you already pay by 23% and replaces the it with the national sales tax of 23% (Not the 30% at fairtaxfraud dot com) leaving you with a product that cost the SAME. Another thing is why should the government collect taxes twice on used good such as a used car from a dealer. The government is going to take your money forcibly so it might as well be fair as possible.
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!
Duncan Hunter for President 2008. Support a genuine conservative. Duncan Hunter is actively campaigning on a platform of strong national defense, enforceable borders, and core conservative values.
I see we have the FUD brigade here to make up lies about the Fair Tax. Everyone, do yourselves a favor. Don't take "Investortownhal" word for it, get the Fairtax book, or go to the fairtax web site, and read about it yourselves. Every one of the standard tax industry lies is exposed and debunked there.
Sorry...no corporate lobbyist here...I just know that between Oregon, with NO sales tax, and Washington State, WITH a sales tax, my stuff is far cheaper and my pay is higher.
Instead of a sales tax, have the states tax what they wish, then send 5-10% of the combined collections to the fed for their 'cut'. Better yet, let the fed get their money the way they were supposed to--thru import tariffs.
Duncan Hunter is clearly the conservative's candidate of choice. I encourage all conservatives to endorse Duncan Hunter and donate to his campaign. He may not have the popularity of a certain RINO senator, governor, mayor and actor, but he does have the conservative credentials these RINO candidates lack. Conservatives unite and support Duncan Hunter for President.
We don't need an income, or sales tax. Either tax will b used 2 pay interest on a bogus debt 2 the Federal Reserve System. The FRS is not part of the federal government. The FRS r corrupt, private, foreign bankers. Federal Reserve Notes r nothing but paper that cost the FRS about ½ cent to print. They loan them 2 our government & local banks @ face value + interest. They r crooks, & we owe them nothing. Ron Paul is the only candidate prepared 2 abolish the IRS & the FRS.
The Fair Tax looks like a great idea on paper. I support major tax code overhaul. Problem with the Fair Tax idea, is that it would create a HUGE black market. Due to this, its unworkable in my mind. I love Hunter, but he is wrong on this one.
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. Hunter knows WAR but Hunter knows nothing of taxes.
The RICH get a jumbo tax-cut and you may too. But before they have you pounding their drums for their "Rich-Tax-Cut" using their appealing marketing plan word "fair-tax" you better take a look at your tax return to see what you paid in federal,social security and Medicare taxes. Consider what wealth you've accumulated after-tax. If you need to spend it to buy goods and services in retirement like for a nursing home you get to pay another 23%. Call it the "Poor-helping-Rich-Tax"
A "Win/Lose-Tax". Person with $175,000 in a 33% FTB +7.7% SS+Medicare=40.7% today -gets "Jumbo-lower-Tax" plan dropping to 23%. lower-income retired couple with $60,000 in todays 15% FTB gets "Higher-23%-Tax" plan. And the $200,000 Retirees saved after paying 35.7% during their career will be taxed another 23% when used to buy food, shelter, medical, drugs, repair services. Both people will get the benefits of a any "poverty level prebate" & "price drops"
In 1978 we had a gas-guzzler tax on poor--economy vehicles. In 1991 we had a luxury Tax on Rich Toys ie. Private Jets, 60'Yachts, expensive jewelry.These were "fair-taxes" too.One discourages the production of gas-guzzlers and One discourage excessive consumption or pay a tax. Both were "simple-do-good" sales taxes too. The Rich put an end to those taxes. But now they ask a nursing home person to pay extra 23% federal sales tax. "Poor-Help-Rich-Tax"
That's an idiotic statement. The whole point of the Fair Tax is not to pick winners and losers. All of those other taxes choose winners and losers. Besides that, luxury taxes destroy middle class jobs. An overhall of the American tax code would create jobs, increase wages, and get the government out of our way.
A sane overhall would be fine -- Fairtax is utter nonsense. Its a farce. Its bullshit. It would be the highest fucking sales tax on EARTH -- and it would be on people's rent.
Which country even HAS a sales tax on rent?
Which country even HAS a sales tax on chemotherapy?
This idiot FT would have the worlds HIGHEST sales tax on rent - medical cost, gasoline, utlity bill, even car insurance.
Fuck the fair tax. NO MORE federal funding.
How about abolishing the federal income taxes and irs all together.
Even with the fair tax, you're still paying taxes.
We need individual savings.
thablackmarkit 1 year ago
Fuck the fair tax. NO MORE federal funding.
How about abolishing the federal income taxes and irs all together.
Even with the fair tax, you're still paying taxes.
We need individuals saving.
thablackmarkit 1 year ago
Fuck the fair tax. NO MORE federal funding.
How about abolishing the federal income taxes and irs all together.
Even with the fair tax, you're still paying taxes.
We need individuals saving.
thablackmarkit 1 year ago
Fuck the fair tax. NO MORE federal funding.
How about abolishing the federal income taxes and irs all together.
Even with the fair tax, you're still paying taxes.
We need individual savings.
thablackmarkit 1 year ago
Fuck the fair tax. NO MORE federal funding.
How about abolishing the federal income taxes and irs all together.
Even with the fair tax, you're still paying taxes.
We need individual savings.
thablackmarkit 1 year ago
Fuck the fair tax. NO MORE federal funding.
How about abolishing the federal income taxes and irs all together.
Even with the fair tax, you're still paying taxes.
We need individual savings.
thablackmarkit 1 year ago
The Fair Tax will bring back industrial America.
cpblackangel88 2 years ago 2
Hunter had it right when he said bring back industrial America. And to do that we'd have to go to a Fair Tax "I want it 18% which would be possible with enough government cuts, become energy independent through oil and natural gas,let local government to control environmental regulation,let local government have 100% control of public education so they can train them for tomorrows factory jobs, and make a new trade agreement where there's a global minimum wage of 8$ to ensure more equality.
cpblackangel88 2 years ago
Our tax code wasn't like it is today 100 years ago and look at how our country prospered and became the worlds industrial base. Now look at it corporations are leaving America because they can't turn a dollar because of over taxation and over regulation thus our economy is in the toilet and will stay there until something drastic happens ...time for a change. I don't give a shit if the fair tax is an utter flop I want the IRS GONE!!
sweetbilly 2 years ago
A lot of coordinated opposition lying is going on here. I have in depth examined this issue. And I do not need to fill my mouth with filth to make my point. Eliminate the IRS. Eliminate citizens filing forms. A system where drug dealers, bribery, mafia, street gangs etc finally get taxed. Trim the bloated cost. More efficient. Lawyers cant trim away rich paying a consumption tax on BMW's, gold, travel etc. But, those who profit from current system will SCREAM like stuck pigs.
charles43110 2 years ago
I did read the FT Book -- four times, and have the second book.
Funny how the first Fairtax book brags that "Fairtax makes the federal government become a MAJOR taxpayer". Page 148.
City, county, and state governments have to- pay this huge sales tax too.
Fairtax math is based on over a trillion in taxes FROM the government.
But then the second book -- which was going to answer critics -- never dared touch this subject
Why?
Because that's their bullshit, and they know it.
MakeMyPower 2 years ago
It didn't address it b/c you are an idiot...
zildjian75 2 years ago
Oh yeah fuch face - I'm sorry. You really fuching can get about half your revenue FROM the government -- like Fairtax bullshit plan is.
Retard -- that's how FT is fooling your dumb ass. It pretends to tax the government, which is pure bullshit you tard.
FT not onlly pretends to tax the federal government -- its plan taxes ALL government at all levels.
Where the fuck will the government get the money to pay themselve you fucking idiot.
Fairtax is bullshit - you are being fooled
NawwLeans 2 years ago
please watch- geithner needs your hel
ACP0913 2 years ago
No, the federal government doesnt fucking pay ITSELF a trillion in taxes now/ Nothing of the fucking sort you goofy fucking bastard/
But FT math is based on taxing the government. State, local, and federal.
CanteenKid 2 years ago
you're an idiot!!
zildjian75 2 years ago
Fairtax is a farce. It pretends to get over a trillion dollars in sales taxes FROM the government.
Do your homework -- read the FT book -- page 148 "The federal government will become a MAJOR taxpayer".
Not only will the FEDERAL governmen become a "Major tax payer" all state, county and local governments have to be "major tax payers' too -- they have to pay this same tax.
So Fairtax depends on absurd nonsense. Its not a serious plan -- its a lying gimmick, and the leaders know it.
CanteenKid 2 years ago
Thanks for the reply, Canteen.
The federal government already pays tax... the imbedded income tax. They may not pay their own income tax, but they pay the tax of their suppliers & contractors who have to charge enough to cover the income tax they pay. The key is understanding the concept of "imbedded" tax.
If the Fair Tax, an imbedded sales tax, is to replace an imbedded income tax, then leaving the government out would skew the rate and complicate the collection and reporting system. (cont)
2speed 2 years ago
Wyden's tax plan is probably still at his web site. He is a US Senator from Oregon.
But if you are so fuching gulllible that your dumb ass thought Fairtax was well thought out -- after you learned it pretends to get most of its money by having the government tax itself --- then you are too stupid to understand anything about taxes or economics, so forget it.
MathTruthTax 2 years ago
You dumb ass Fairtax moonies should read the fuching book.
It fuching pretends to get most of the tax reveune FROM the government. Its pure bulllshit. And they know it.
They pretend to fuching get huge sales tax FROM the federal state and local government you retards. Its pure bullshit.
12FlyMe 2 years ago
We CAN have a fair and simple tax code -- but not if you dumb asses all buy into con artist and liars like Boortz.
If you are that easy to fool -- no wonder our tax code is so screwed up.
The first step to a sane tax code is to NOT buy into bullshit artist like Boortz, Newt, Steve Forbes.
Actually Ron Wyden had a tax plan a couple years ago - simple, short, fair. But it didn't attract the dumb asses and idiots, it wasnt a con game.
So it didnt get a lot of attention.
MarkDouglasC 2 years ago
I always wonder who you guy's think "they" are. Could it be that we told the politicians what we think, and not just vote for an agenda. I've been a Fair Tax Supporter long before any politician picked it up! I know it's hard to imagine that a Grass Roots Movement can provide Real Change. The Fair Tax is just that. We are tired of the constant changes, and the lobbyist who keep this injustice going. We want a even and Fair playing field where we all can succeed!
Dutch2123 2 years ago 2
Where is the best writeup on Wyden's tax plan? I am interested since I have studied several and the FairTax is the only one I have seen that seems well thought out. But, I am open minded to other ideas.
skmoguls 2 years ago
Comment removed
Dutch2123 2 years ago
Fairtax sounds great -- but its fools gold. In fact, its bullship.
Its math is wacko -- and Fairtax leaders know it: they are the ones that distorted it.
Its like saying " 2+2=5, therefore I am the pope"
Fairtax pretends to be able to collect taxes FROM the government, and count that as income.
How clever!! Just get a trillion a year in taxes FROM the government.
Sounds good -- but its bullship. Using real math, a national sales tax would be 65% or more, and destroy the economy.
12FlyMe 2 years ago
Comment removed
Dutch2123 3 years ago
Dutch -- prebate ? Boortz said without the prebate -- the FT is insane.
Here is a clue - its insane with the prebate.
Why? Because the prebate is 200 a month -- or less. So if you get 50K in sales taxes on your cancer surgery -- the prebate is still 200.
And there is no prebate for taxes paid BY the government -- thats the real bullshit you lunatics are fooled by.
FT has the GOVERNMENT paying itself a huge tax.
It wont work moron. They are lying to your dumb ass. They know it.
12FlyMe 2 years ago
Your dumb ass was fooled by this magic pony that shits gold.
The prebate is 188 month, Thats it. If your dumb ass gets cancer and 50K in sales tax, still 188 month.
But the big dumb ass lie you lunatics should be pissed about, is the lie that FT can collect a huge sales tax -- about a trillion dollars -- FROM the federal government, every year, and count that as income. Dumb ass.
Sure -- if fairtax worked like they say - it would be great. But they are lying you rdumb ass.
MarkDouglasC 2 years ago
Screw this. Not everyone is going to be rich, and I'm struggling to get an education, just to make it to the middle class. I'm sure as hell going to spend all my money climbing up the ladder, so basically all my earnings will be taxed. While, only a small percentage of the rich class earnings will be taxed. Doesn't sound fair.
saipanner 3 years ago
fair tax? for the rich
saipanner 3 years ago
Comment removed
Dutch2123 3 years ago
The Fair Tax sounds cool, but how the heck are you going to keep people from buying crap from overseas or from accross the border and having it shipped. I don't see why you would bother to buy anything from your local guys when you could get it free off shore. What are they going to do about that, shift all the IRS jobs to have people poking around in every package that comes into this country to find out if it has been taxed? Seriously.
sgiff 3 years ago
99% of people that FULLY understand the Fairtax, Realize that it is one of the single best things that could happen to our country... Im a democrat and thought it was a dumb idea untill I read the Fair Tax book. I really hope that it gets passed and i want to pressure people to really look into the fair Tax and make a decision for yourself.
supersonic6 3 years ago 3
Your so right supersonic6. I was against it until I fully understood the Fair Tax. It takes power away from Washington and gives it back to the people!
ProGunChristian 2 years ago 3
It never ceases to amaze me that people like Atomsmasher777 listen to the pundits, and never do any research. Here we have a tax reform that was designed by economist, not in a Republican or Democratic think tank! A tax system that completely untaxes the poor, and helps our citizens move up the economic ladder without large government organizations. It's sad to see individuals so blinded buy ideology that they lose all reference to common sense.
Dutch2123 3 years ago 4
Look up the "Tax Reform Act of 1986" on Wikipedia. Do a search.
Reagan helped the rich and hurt the middle-class. Every time the Republicans talk about reforming the tax code, you know they're out to help the rich. That's what they do.
Atomsmasher777 3 years ago
The Republicans have destroyed the middle-class.
They started 28 years ago, and just finished the job with "W"
Atomsmasher777 3 years ago
How can a "Fair Tax" create a Middle Class?
A graduate (economics) knows that wealth consolidates (the bases of the game Monopoly) Because of this economic law, when we did not have income tax in the 1900's we had Robber Barrons, monopolies, trusts and indentured servitude (slavery through debt -white people by the way) and ZERO middle class.
A middle class is ARTIFICIALLY created with taxes and wealth redistribution.
How does a Fair tax redistribute to avoid the law of wealth consolidation?
McCainIn2008 3 years ago
Well I liked the political part of the speech, but why the fuck did he have to put GOD in the middle of it like 10 times..
iagopseleme 3 years ago
I hope the UK gets this aswell, be well good.
PathFinderJAG1 3 years ago
Fair tax is the way. Imangine getting a salary of $52,000 a year. You get $1000 a week. Current tax, you get $666. Fair tax you get $1000 per week. Tax is generated when you spend money. Say you spend $20,000, you are taxed $20,000 x 23% = $4,600. With current tax system, you pay 33% x 52,000 = $17,160. Fair Tax gives more money in hard working Americans. It attracts companies here to the US because no corporate tax. Means more high paying jobs. America can now take on China.
averion5496 3 years ago
"Current tax, you get $666" ...
Incorrect. No quintile pays 33% in effective federal taxes. THe top 1% only pay about 31%*.
The middle classes pay 8-18%*. Under an FT, fairtaxorg/BHI's own numbers show the average effective rate of the middle classes and upper classes as around 19%.
So the top 1% receive a huge tax cut and the middle classes get a huge tax raise to make up the difference (revenue neutral, remember).
*includes ALL FiCA and CIT and Excise Taxes, Source=CBO
Diskwin 3 years ago
Earn $10k - $150k a year? Want to pay more taxes and have less leisure time on average? Then the FT/NST is the wacko tax for you!
"In the aggregate, some households* would not be as well off for the first couple of years**. However, a stronger incentive to invest and save would cut into consumption, and the greater incentive to work would cut into leisure."
tinyurl 593htl, page 31
*those making $10K-$150K a year
**5-10 years, minimum
Diskwin 3 years ago 4
MarkDouglasC (the child molester) is not telling the truth on this one. Anyone who reads his comments knows how he tends to twist things and stretch the truth. I read the article that Mark is referring to. Boortz didn't "admit" anything. Please take Mark up on his offer for the link to the article and see for yourself. The FairTax has Mark just a little worried. The more he rants, the more worried he is. Best to just ignore him.
denimblueindigo 3 years ago 5
HUNTER = An Honest, Principled , Consistent Honorable Traditional Conservative Statesman
BUSH = A moderate elitist, Big Govt. Illegal Alien loving Liberal Stooge !
Remember his term Compassionate Conservativism ? Well in 00' when he wanted to get the Nomination and fool you, it was Merely code Language for big govt. Open borders Moderate Global Liberalism.
HUNTER would intellectualy embarass, Dominate and wipe the floor with the Liberal stooge Bush, who is an empty suit
1TrueConservative 3 years ago 7
Liberal?
Lol
JustOneSaint 3 years ago
Unfortunately the Fair Tax does not eliminate the far greater threat to the safety of this country inherent in the collection of unearned incomes which by their nature are paid from the earned incomes of productive labor and capital and which existed long before taxes on labor and capital made things worse. A real solution will be to eliminate all taxes on labor and capital and only tax values and incomes unearned in the hands of their owners. The tax on land values is such a tax.
ourearthhome 3 years ago
Our -- very interesting!! I basically agree, but you would have to explain it better.
You have described what I call "skimming" -- skimming the wealth and value that comes from work of others. Hard to define, tho. Cap gains & dividends could be called skimming for example.
But we NEED skimming, we NEED greed, as a motivation. God bless skimming - if its taxed as much as labor.
Right now the tax code screws work by taxing it 300% higher than skimming. Much of skimming pays no taxes.
MarkDouglasC 3 years ago
you know, no one ever won the cold war... especially not us.
dwaswyf 3 years ago
Let's take a 23% tax on revenue (or value added) minus what is spent in payroll.
A teenage household baby sitter would have revenue=payroll, so 23%(revenue-payroll): no tax.
Any money that does not go to your payroll goes to somewhere else. We could call this plan a 23% outsourcing tax or a 23% income tax credit.
kmarinas86 3 years ago
As an American I understand that our payroll represents our blood, sweat, and tears. If our income was deductible from the sales tax base, a 180 degree change would result. No longer would our domestic incomes be stifled, but rather, they would be encouraged.
kmarinas86 3 years ago 2
kmarina -- not sure what you mean, but I agree a babysitter or other very low wage person should have no tax. Fairtax clobbers those folks -- especially if they get sick or use their savings to buy a new house or car. The low wage person under fairtax could have 100,000 - even 200,000 in sales tax on medical or new home or whatever.
Not sure the details of your plan, thou. Please email me to explain.
MarkDouglasC 3 years ago
i'm just sick of half my paycheck going to free loaders and to the government to just waste with their "pork barrel spending"! I want the money that i worked hard for and i don't want the govt reaching in and taking what is mine!
brucebruce325 3 years ago
Bruce -- Fairtax now admits -- Boortz admits -- that you WONT keep that money you used to pay in taxes -- you WONT get that money on your paycheck underfairtax.
They have "clarified" that "misimpression". your employer can keep the money you used to pay in taxes that was deducted from your check. Your employer decides -- not you. Fairtax now says you take home the same as before -- no more, under Fairtax.
Surprised? So was I. Want the link to Boortz "clarifying it?" Email me.
MarkDouglasC 3 years ago
Some of these people who preach against the Fair Tax are getting more crackpot by the day. Another one for my collection.
denimblueindigo 3 years ago
It is absolutely necessary to remove all taxes from labor and capital. But sales taxes are the instruments of tyranny and the truth is that they finally have to be paid out of the earnings of labor and capital. The people getting the free ride are landowners whose land values are created, maintained and increased by all services provided by govts. A stiff land tax while eliminating taxes on labor/capital is better economics and more just since not everyone owns land. Big land loves the Fair Tax.
ourearthhome 3 years ago
Disk -- exactly.
Just like they say corporations don't pay taxes -- only people do. Then they say the federal government will become a MAJOR taxpayer -- 800 billion worth.
MarkDouglasC 3 years ago
So you morons are going to add THE HIGHEST SALES TAX on fucking EARTH -- and prices will stay the same.
How fucking dumb are you, you idiot. You add the HIGHEST sales tax on the fucking planet, and the price STAYS THE FUCKING SAME.
What kind of idiot are you? Quit calling this the Fairtax -- its the worlds HIGHEST fucking sales tax. Its not fair, its not even rational. Its pure bullshit. Total complete bullshit.
MarkDouglasC 3 years ago
actually you have to remember that those taxes are combined with the 18 cents a gallon already there. Also, the average is close with all companies, as they are charged taxes from the same source based on the same criteria.
chwparker 3 years ago
Our family business has a book keeper who EASILY does FICA and other payroll duties, along with 1000 other things she does. We can't fire her you idiots. She does a lot more than just FICA.
So what the futt are you rambling about us saving all this money on "compliance"??
Compliance would be MORE under Fairtax, not less.
MarkDouglasC 3 years ago
Ill wash your ass and drink the water if Fairtax could be 23% -- and that would be horrible enough.
Fairtax comes up with the bullshit 23% by lying and stupidity. #1 Lie = being able to make the federal government PAY itself 800 billion or more a year. Can't happen morons -- the gov has to PAY IT. ITs NOT FUCKING income.
Stupidy #1 -- when you tax new homes/ cars with the highest sales tax on fucking earth, sales plummet, so the tax receipts you idiots plan on, can't possibly be there
MarkDouglasC 3 years ago
Disk -- exactly. The corp tax is on PROFIT. So GM and FORD for example don't pay a DIME of it. Nor do most airlines.
These morons are adding the worlds HIGHEST sales tax -- based on LOWERING these other taxes, which some companies don't pay.
GM and FORD and most airlines wouldnt save ONE DIME on corporate income tax-- THEY DONT pay it. GM and FORD do pay the other main embedded tax-- FICA. About 200 dollars PER car.
Buy these morons are going to ADD 10,000 tax to a car - not 200.
MarkDouglasC 3 years ago
The Fairtax rate could be 23% if reality didn't matter. That 23% you morons is based on the GOVERNMENT paying ITSELF 800billion - one trillion. Thats fucking insane bullshit.
PLUS -- its based on cancer victims, nursing home patients, and all medical cost paying the fucking world's highest sales tax.
And new houses would have to pay this tax. New cars. Not gonna happen you idiots. New home/ car sales would DROP you idiot. So the rate would be much much higher to make up for it
MarkDouglasC 3 years ago
actually it's only based on consumer consumption, not government.
chwparker 3 years ago 2
Fairtax would be the worlds HIGHEST sales tax. No other country even comes CLOSE -- it would be TRIPLE any country's sales tax.
If that weren't bad enough -- this idiot sales tax would be on your gasoline!. Right now we have 18 cent fed sales tax on gasoline. Under fairtax - 1.50.
Also they will put the worlds HIGHEST sales tax on your RENT -- yes RENT.
On your car insurance payment -- YES car insurance would be taxed. The HIGHEST sales tax ON EARTH -- go for it!!!!!
MarkDouglasC 3 years ago 2
Ok for those of you reading Mark's post here, please do your own research. The feds have higher taxes than that on gas, and it wouldn't go up at all under the Fairtax. His 1.50 figure is insane. Also, those other things that he mentioned are already taxed, though they are usually embedded as opposed to being right there in the open (which the Fairtax eliminates) you can read the full Fairtax bill online, please see it for yourself.
chwparker 3 years ago
The federal tax on gasoline is 18.4 cents per gallon, and would not go away under FT/NSTi, it was not included in the (fudged) calculations they used to arrive at the 23%1/30%e rate. The FT/NSTi tax would add 15-30% or more to the price of gas at the pump -- that's %, not cents--at $3.50 a gallon, 15% would add 52cents a gallon. Overnight.
The idea of "embedded"taxes as posited by Boortz and FT backers is disengenuous and misleading. If you accept their definition- drugdealers already pay.
Diskwin 3 years ago
Those taxes are only directly charged to gas. you left our the company's corporate income taxes, FICA, capital gains taxes, tax compliance costs, etc. all embedded in the price of the gas we buy, as well as the companies that provide utilities and services, and also
chwparker 3 years ago
chparker -- are you retarded? Fairtax would be at least 50%-- our present fed gas tax is 18 cents you pecker head. Under fairtax,fed gas tax would be AT LEAST one dollar, maybe as high as two dollars.
Plus this idiot bullshit farce tax is on UTILITY bills - phone bills - car insurance - medical bills.
CHWparker why don't you tell me what the futting sales tax for gas would be under Farcetax -- I mean fairtax.
MarkDouglasC 3 years ago
Those taxes are only directly charged to gas. you left our the company's corporate income taxes, FICA, capital gains taxes, tax compliance costs, etc. all embedded in the price of the gas we buy, as well as the companies that provide utilities and services, and also which are removed under the Fairtax.
chwparker 3 years ago 2
So tell us you moron what the fairtax would be on gasoline you idiot -- no double talk. What would the fairtax be on gasoline per gallon of gas?
Speak up.
Oh - and whats the Fairtax on a new house -- in dollars. On your utility bills -- in dollars. On your car insurance - in dollars.
How much sales tax will nursing home patients pay -- in dollars. How much sales tax will cancer victims have to pay -- in dollars. Dont give me the percentage bullshit double talk.
MarkDouglasC 3 years ago
I can't give you exact dollars, as the prices vary by several different factors, which is why percentages are gernally used. However, I can tell you that they would be at worst near the same price as they are now, with the benefit that income, investments, and savings are no longer taxed.
chwparker 3 years ago
Sweeden has a 22% VAT, and an income tax. You're just wrong.
Roxas42 3 years ago
This tax would be 40-60%, not 23%. The 23% was based on the absurd nonsense of the federal government paying 800 billion TO ITSELF each year. To make up for that -- the real rate would be over 50% -- thats 50% tax on your surgery, chemo, drugs, doctor visits, second opinions.. Plus it would be on all your utilities, your car insurance even, its crazy. Most people would pay FAR more under this tax.
MarkDouglasC 3 years ago
No, the 23% is based on consumer consumption, not government. For those of you who are new to the Fairtax, you can read the full bill online to see what it really says. You have to remember, there are many people (IRS and HR block employees, etc) who are dead set against this.
chwparker 3 years ago
The 23%1/30%e rate is based on economic data twisted several times to suit the backers aims.
For prices to drop the exact amount of the added sales tax the following would have to be true: every Billionaire who gets to keep all that money he was paying in as income tax would have to reduce prices in all products at all companies his income is from by that exact amt. You do realize Warren Buffett doesn't really control product prices in all the companies he makes his fortune from, right?
Diskwin 3 years ago
True, but it doesn't really matter what the wage level is, if you work for a living. If you work, you'll bank the savings either as lower prices or higher wages- probably split about evenly between the two.
Roxas42 3 years ago 2
Fairtax is dying -- darn. It was such an absurd plan, I wanted them to do it.
MarkDouglasC 4 years ago
Hey Fair tax wackos - I will wash your ass and drink the water, if the Fair tax could be 23%. It would be a nightmare at 23%, but it will just be unfutting real at the 50% it would have to me. YOu really think cancer patients will have to pay 40,000 tax on their surgery and chemo and funeral? Health care will get exemptions, morons. Military wont have to pay 1 billion dollar sales tax on a submarine, you idiot. They will get exemption. Lots of exemptions. Rate would have to be 50%. Lets do it.
MarkDouglasC 4 years ago
It would not have to be that high, and healthcare would not increase. 23% (which would go unnoticed after you remove embedded taxes) is the level it would need to be based on the current level of consumption (which woudl go up once people start having more of their own money to spend under the Fairtax).
chwparker 3 years ago
One day you will understand that for prices to go down anywhere near 23% (at best would be about 17%), net pay has to stay the same for everyone-- and in that case some folks keep 5-8% more pay while others keep 35% more.
Diskwin 3 years ago
I believe net pay would be able to rise for the average person and the prices still go down, especially when you factor in how much we pay just in compliance costs, from having our taxes prepared by a profession (both individuals and tax preparation companies) to the outrageous fines and penalties that the IRS charges for insignificant mistakes. Look, I know the Fairtax isn't perfect, as it is impossible for imperfect people to make a perfect system, but it is far better than the IRS system.
chwparker 3 years ago
No, it's much worse than the current system, because it shifts even more of the burden on the middle classes, and because upon adding in the tax prices will go up any where from 15-30% or more (not even the most pie-in-the-sky FT-backing economist thinks prices would be lower than now AFTER the tax is added in), AND it re-taxes the savings of any US citizen not wealthy enough to live abroad (like,ohh, most of the middle classes).
The purchasing power of one's savings will drop 15-30% overnight.
Diskwin 3 years ago
Oh -- so a 50% futting sales tax on your rent would be good you idiot? A 50% sales tax on gasoline? Are you futting mental?
A 50% sales tax on your CAR insurance? A 50% sales tax on your utility bill?
Are you futting NUTS?
I told you morons - the real tax rate would be OVER 50% -- it could be 80-100% before people got rid of it.
But don't worry -- it CAN NOT pass. The "leaders" know its bullshit, and arent about to pass it, or even have it studied honestly.
MarkDouglasC 3 years ago
no way I don't think rates that high would be a good idea! However, I do think the Fairtax idea is a great one, as it is no where near that high
chwparker 3 years ago
Fairtax people havent told you ----1) They havent contacted and CFO at any major industry to go over their figures -- or to determine if the company could cut prices by 22%. 2) That cancer surgery and chemo cost of 100,000, would be taxed 23K. 3) that Nursing Home patients will pay the tas. 4) That they have no idea how they can.
MarkDouglasC 4 years ago
You are incorrect on each one of those, and I don't see how you made the mistake for number 1. Not only have they been contacted, but it was actually researched and funded by two businessmen. And it is not either dying, I see it growing daily.
chwparker 3 years ago
Ron Paul is a nice old kook -- but he isnt a liar. He is very smart on economics -- a bit daffy on history thou. Anyway, even he isnt going to eliminate the IRS day one. He will cut SPENDING enough so that you CAN get rid of it. Nice thought, of the two plans, Kooky Paul is by far the better.
MarkDouglasC 4 years ago
spread this. It cant work as advertized. This is akin to commmunism -sure sounded good, right comrade? Wow,what a concept. Easy answers. Couldnt miss. What ever happened to communism? Did it even work for ten minutes as advertized? hello no
MarkDouglasC 4 years ago
ATTENTION!!!
MarkDouglasC & MybookDeal = The same person!
How do I know this? Besides the age being the same in both profiles, MarkDouglasC told me he wrote books. Also notice the use of capital letters. Nice try Mark!
denimblueindigo 4 years ago
He's IRS. If you notice, he spams all FairTax video's. NOBODY can be that negative against this unless he has an interest in keeping the current system. Remember folks.... these people will stop at nothing to keep FairTax from happening!
denimblueindigo 4 years ago
denim - Im trying to help you bro. You are about to be laughed at for 100 years. If you boys get this passed, it will be a disaster worse than the Titanic. And for 100 years, economics classes and politicians will laugh at you FairTax folks for your silly math, and disregard for economic reality.
MarkDouglasC 4 years ago
The fact that you've used multiple names to spread your spam only goes to prove that you are a mental case! I wouldn't believe you now, no matter how much spam you spread.
denimblueindigo 4 years ago 2
Why not just tax all income alike? What the hell is wrong with that? However you tax work, self employed, small business, tax everything that way? If you have income, great, but dont tax one kind of income 300% percent higher? Thats what we do now, we tax middle income WORK - wages- self employed - business income - 300% higher than anything else. Tax all income like we tax hard working folks.
MybookDeal 4 years ago
MarkDouglas is right. This Fairtax is a mile wide and an inch deep. Dont be fooled. Its really nuts. They will pay you so you can pay your taxes? They will somehow have everything cost the same, and the taxes will be paid automatically when you buy something? But prices wont increase? This is a pig in a poke, a lie, or a con game, or its done by looney birds.
MybookDeal 4 years ago
"MarkDouglas is right"
Pretty cool... telling yourself you're right. That's classic!
denimblueindigo 4 years ago
You DONT know how much GM pays in FICA.
You DONT know how much FORD pays in FICA.
You DONT know how much GM pays in corp taxes.
You DONT know how much Ford pays in Corp taxes.
But by MAGIC you know GM and FORD will AUTOMATICALLY lower their prices 22%.
You dont know their embedded taxes, but you KNOW FOR SURE they will cut thier prices 22%, so that when you add 23% tax, it wont matter.
Fair tax isnt logic, its not rational. They didnt research this, you are being conned.
MarkDouglasC 4 years ago
Mr. Mark Douglass, do some reseach before you spout your bs... every thing you have said is totally wrong.
LILGEO3 4 years ago
LILgeo, show me where. Show me why a nursing home wont scream bloody murder if they have to collect 23% sales tax -- many of their patients cant pay it. THey are on madicaid. Same thing with cancer hospitals, same thing with renters, new home builders. Show me any logic, rhyme or reason, which says they can pass 23% sales tax on, and wont call congress, wont get exemptions. YOu seriously think a cancer patient will get charged 23% for chemo? 23% extra for brain surgery?
MarkDouglasC 4 years ago
Somebody ask tuff guy Duncan, what the hell research was ever done on fairtax. Im not talking about hiring public relations to respond to objections -- thats not research. What RESEARCH has been done. What have nursing homes, hospitals, defense contractors, and new home buildings, DO and say about it? Will they get exemptions? IF so, how much will the FT have to be? 50%?
Yep, about 50%.
MarkDouglasC 4 years ago
Duncan is a "defense guy" -- but the moron either doesnt know -- or doesnt care -- that the government would have to pay the same idiotic tax - that means a 23% tax on tanks, you moron, a 23% tax on jets, bombers, guns, ammo, . They HAVE to charge ALL gov spending - for the 23% to work. Of course, gov will get its own exemption, and the 23 will shoot up to 40-50. Morons.
MarkDouglasC 4 years ago
If Hunter had any balls he would say "Are you nuts man, the special interest would get exemptions -- and I would help them. I would help the military avoid this high tax, cause it would be impossible to pay." But he lies to you morons, he has no balls. At least Paul, kooky as he is, tells what he thinks is true. Duncan doesnt. Sad.
MarkDouglasC 4 years ago
Duncan Hunter is a pussy. What a wuss ass.He knows better than to believe the myth of a high national sales tax working. He knows nursing homes, military, cancer centers, renters, new homes, cars, would all get exemptions. He works with lobbyist every day. He knows it cant be 23%. He knows it would be 50% and crumble. But he panders to you idiots,like the coward he is.
MarkDouglasC 4 years ago
Sales Tax is NOT FAIR. A national sales tax would mean HUGE tax reduction for the wealthy and HUGE tax hikes for the poor and middle class.
Calling a national sales tax a "FAIR TAX" is a disgusting betrayal of the truth.
greersome 4 years ago
greer - right. And its beyond unfair -- it wouldnt work as they say. Huge segments of economy will demand (rightly) exemptions -- like cancer centers, defense contractors, new home builders. And thats just the EASY to spot silliness -- there are many more, but you have to understand economic theory to grasp it. Clearly, most of these folks mean well,but dont know what they are talking about.
MarkDouglasC 4 years ago
Except the prebate refunds all taxes up to the poverty line.
Roxas42 3 years ago
Im disappointed Duncan Hunter is sucking up to these idiots in FT. This idiot high sales tax would also be on military spending too. So Duncan is just a liar. The Fair Tax is on military spending too, read the book.
MarkDouglasC 4 years ago
I don't know about congressman Hunter. I do know I'm one of those baby boomers one of you wrote about! I've read ThefairtaxBook by N Boortz And congressman Linder, itappears to mewhen you remove 25% imbedded tax from the price of any product or services you purchase($100-$25{25%}=$75+$17.50{23%}=$92.50)and you don't pay income tax or social security tax out of your paycheck or just income tax on your retirement income and 401k and savings , sounds as though you come out ahead.
BillRoderick 4 years ago
Assuming spending stays the same, you're going to end up paying the same amount of tax one way or another.
But without $140 BILLION in tax preparation costs we all pay and the elimination of 16,000 pages of tax code. And with a very strong added incentive for savings. And with the loss of all those tax code loopholes that special interests and corporations are constantly lobbying for, politics itself would get cleaner.
svenp 4 years ago
The problem with that is that the "embedded tax cost" is mainly comprised of the "income tax and SS tax" taken out of employees' pay... so if your employer doesn't keep this money (by lowering your wages) under an NST, prices go up (quite a bit), because the embedded cost is mostly still there.
Diskatopia 4 years ago
That's about half of the embedded taxes, and if you work, you get that money back anyway. Actually, that would be the better scenario, because it will transfer burdens from law abiding citizens to criminals and tax cheats.
Roxas42 3 years ago
Bill -- nonsense. They are fudging the numbers and logic. First off, forget 23%, it would be over 50, cause of correct exemptions by nursing homes, hosptials, defense contractors, renters, new home buyers. So you will pay 50% more, once those exemptions have to be given. Plus, you wont save that much, you will have 15-20% more on paycheck, -- not the 25-30 they promise. Devil is in details.
MarkDouglasC 4 years ago
Duncan Hunter for President. This guy knows his stuff!
Ajntb2Sli 4 years ago
The IRS seized my life savings. It cost me almost all of it to defend myself. I was denied the right to due process under our present tax code. They seize first ask questions later. It just may happen to you! We now have a realistic chance to do something about it. Support the FairTax and put all of those IRS bastards out of a job!
denimblueindigo 4 years ago
Watch out! Anyone who doesn't like the FairTax and takes the time to come in here and make negative posts just may be your friendly neighborhood IRS agent. Anyone that doesn't see how important this is, just might have a vested interest in keeping the present system. The information is either in the book, or at FairTax dot org. If you don't understand it, read about it, then come in and make your posts.
denimblueindigo 4 years ago
I get a kick outa the libs that come here cuz they are so miserble they have to complain anywhere they can. socialist bastards
gregyman49 4 years ago
its 23% sales tax!!! why do ppl like you all ways change things.i have the book. its 23% sales tax!!!
pjieo 4 years ago 2
Duncan Hunter is dreaming, there will never be a fail tax (code name for 34% sale tax), it will never happen to many people against it once they know about it. I pay 15% now why would I want to tax my self 34%.
wjw2sq 4 years ago
other people estimate the fair tax will be high at 34% sales tax, will GOP was in charge the last 6 year and look at the mess we have know. Iraq was build on lie and deceit, look what happen.
wjw2sq 4 years ago
I beieve the bill calls for a 23% flat tax on consumption. That my friend is quite different from 34%. Also to state that you only pay 15% taxes means you do not buy anything, period.
longislandz 4 years ago
Death to income redistribution!!!
cmgollatz 4 years ago
I assume you support the Fair Tax then- no more EITC handouts, no more tax preferences, no more disincentives to work or to save.
Roxas42 3 years ago
Your Fair tax is a 30% sale tax. GOP has run the US in the into the ground with this Iraq war because lies, and the biggest increase in debt spend in American history. Thats how you manage a country. I wonder what God would Say.
wjw2sq 4 years ago
False. Read the book.
cmgollatz 4 years ago
Read "The FairTax Book" By Neal Boortz for full understanding of the facts and why this is a great idea.
While it's true that economic growth would be faster under the FairTax than under the current code, most tax reform proposals would result in more economic growth. What sets the FairTax apart from the rest of the tax reform proposals is its impact on international trade and investment. The FairTax would make the U.S. one of the best places in the world for business investment.
Scissorhands888 4 years ago
please God let Duncan Hunter be president!
gregyman49 4 years ago 2
Amen
suryka4chai 4 years ago 2
God, do the Ron Paul kool-aid drinkers never shut up! Read "The Fairtax" before you start spewing crap.I tried to read the US Taxcode. Impossible. Fairtax is much simpler. I KEEP my paycheck in MY pocket unless I consume. I am ONLY taxed on what I SPEND, not what I earn! I am not taxed on used goods or bartered goods, I'm not taxed on my potential. Better yet, it is equal and across the board, everybody pays. Not just middle clas schmucks like me, rich and illegals pay too!
subchief2001 4 years ago 3
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
If the government would tone down their greed and quit wasting money like a drunken sailor, less people would tone down their rebellion against the government and their never ending taxation. Until they do, MORE people need to stand up to the government !
ashcroft8 4 years ago 2
The FAIR TAX eliminates the IRS and prevents the tax on your income. The Income tax is then replaced with a 23% sales tax. Why not vote for Ron Paul, Ron PAUL WANTS TO REPLACE THE IRS WITH NOTHING. GO AHEAD DO YOUR RESEARCH.
mannycp 4 years ago
FAIR TAX
mannycp 4 years ago
mhirtes your a retard read up on real facts!!!
erinbeth05 4 years ago
I do. I actually read from sources OTHER than the cult shitrags you browse through.
It'll be fun watching you "fair" tax and Ron Paul goons going down in flames a few months from now. Maybe you'll stfu, at least until the next election cycle anyway.
mhirtes12 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
That is a lie. You recently read that somewhere or heard it on the Mancow show....By the way, everything you read in the OpinionJournal is not true. Do you think taxing hard work is a good idea?...Or do you think taxing things is a good idea? You need to do more research(on both sides), not just the "lazy" side.
DEALJAS1 4 years ago
LOL! I'm sure you think EVERY news source that dares to expose you clowns and your crackpot tax scheme is "not true".
Man, you loons are as cultlike as the Moonies, but are too blind to see it!
mhirtes12 4 years ago
"GOOGLE" up the facts? You said Google and facts in the same sentence. You're brilliant! By the way, FairTax is not a scam.FairTax is an incentive to work harder,an incentive for corporations to move their companies back to the US,an incentive for millionaires to move their money from the "tax free" Swiss bank accounts to US bank accounts. There are certain people in this country who do not pay taxes at all...There is a huge list. I'm paying for them. Whose being SCAMMED? Sounds like you!
DEALJAS1 4 years ago 2
LOL! You guys are like cultists. You know that?
Hurry up and just get to the part where you guzzle down a cup of Kool Aid already, please.
mhirtes12 4 years ago
That's all you got? You hear half of the facts and you make a good judgment. Cultists?
Did you recently watch the Jim Jones documentary on the History Channel? You're really informed. You should try doing your OWN research and forming your OWN opinions instead of stealing others on OpinionJournal.
DEALJAS1 4 years ago
Oh, please. That scientology garbage has been thoroughly debunked. Don't let Bruce Bartlett do your thinking for you. He is dead wrong.
Loki431 4 years ago
Ron Paul 2008!
lisadseeker 4 years ago
Read and respond to The Drunken Sailor Report and your comments will be posted and responded too!!
mlf6789 4 years ago
The fair tax may not be so fair
mises[dot]org[forward-slash]story[forward-slash]1975
mnjrupp 4 years ago
Good Job.
Go Fair Tax!
R3SURRECTED 4 years ago
If you actually read the plan it actually reduces the embedded tax you already pay by 23% and replaces the it with the national sales tax of 23% (Not the 30% at fairtaxfraud dot com) leaving you with a product that cost the SAME. Another thing is why should the government collect taxes twice on used good such as a used car from a dealer. The government is going to take your money forcibly so it might as well be fair as possible.
boss42971 4 years ago
I should say it ELIMINATES the embedded tax
boss42971 4 years ago
See fairtaxfraud dot com for the truth behind the fairtax.
battlecreekonline 4 years ago
Ron Paul
RonPaul2008vids 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
Duncan Hunter for President 2008. Support a genuine conservative. Duncan Hunter is actively campaigning on a platform of strong national defense, enforceable borders, and core conservative values.
Visit gohunter08 dot com.
conservativegrunt 4 years ago
I see we have the FUD brigade here to make up lies about the Fair Tax. Everyone, do yourselves a favor. Don't take "Investortownhal" word for it, get the Fairtax book, or go to the fairtax web site, and read about it yourselves. Every one of the standard tax industry lies is exposed and debunked there.
-jcr
NSResponder 4 years ago
Sorry...no corporate lobbyist here...I just know that between Oregon, with NO sales tax, and Washington State, WITH a sales tax, my stuff is far cheaper and my pay is higher.
Instead of a sales tax, have the states tax what they wish, then send 5-10% of the combined collections to the fed for their 'cut'. Better yet, let the fed get their money the way they were supposed to--thru import tariffs.
cecilbdml 4 years ago
Duncan Hunter is clearly the conservative's candidate of choice. I encourage all conservatives to endorse Duncan Hunter and donate to his campaign. He may not have the popularity of a certain RINO senator, governor, mayor and actor, but he does have the conservative credentials these RINO candidates lack. Conservatives unite and support Duncan Hunter for President.
conservativegrunt 4 years ago
We don't need an income, or sales tax. Either tax will b used 2 pay interest on a bogus debt 2 the Federal Reserve System. The FRS is not part of the federal government. The FRS r corrupt, private, foreign bankers. Federal Reserve Notes r nothing but paper that cost the FRS about ½ cent to print. They loan them 2 our government & local banks @ face value + interest. They r crooks, & we owe them nothing. Ron Paul is the only candidate prepared 2 abolish the IRS & the FRS.
StormRydr 4 years ago
No one is better to lead our Country out of the pool of candidates than DUNCAN HUNTER. He is the REAL DEAL!
Support is needed. gohunter08 dotCOM
traintrackers 4 years ago
The Fair Tax looks like a great idea on paper. I support major tax code overhaul. Problem with the Fair Tax idea, is that it would create a HUGE black market. Due to this, its unworkable in my mind. I love Hunter, but he is wrong on this one.
ctedone 4 years ago
Black market??!!! If the underground buys bugger all that's new they pay tax...read the book newb.
tymothymichel 4 years ago
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. Hunter knows WAR but Hunter knows nothing of taxes.
investortownhall 4 years ago
The RICH get a jumbo tax-cut and you may too. But before they have you pounding their drums for their "Rich-Tax-Cut" using their appealing marketing plan word "fair-tax" you better take a look at your tax return to see what you paid in federal,social security and Medicare taxes. Consider what wealth you've accumulated after-tax. If you need to spend it to buy goods and services in retirement like for a nursing home you get to pay another 23%. Call it the "Poor-helping-Rich-Tax"
investortownhall 4 years ago
A "Win/Lose-Tax". Person with $175,000 in a 33% FTB +7.7% SS+Medicare=40.7% today -gets "Jumbo-lower-Tax" plan dropping to 23%. lower-income retired couple with $60,000 in todays 15% FTB gets "Higher-23%-Tax" plan. And the $200,000 Retirees saved after paying 35.7% during their career will be taxed another 23% when used to buy food, shelter, medical, drugs, repair services. Both people will get the benefits of a any "poverty level prebate" & "price drops"
investortownhall 4 years ago
Here's a homework assignment for you, sunshine: find out what "embedded taxes" are, and then come on back here and apologize.
-jcr
NSResponder 4 years ago
In 1978 we had a gas-guzzler tax on poor--economy vehicles. In 1991 we had a luxury Tax on Rich Toys ie. Private Jets, 60'Yachts, expensive jewelry.These were "fair-taxes" too.One discourages the production of gas-guzzlers and One discourage excessive consumption or pay a tax. Both were "simple-do-good" sales taxes too. The Rich put an end to those taxes. But now they ask a nursing home person to pay extra 23% federal sales tax. "Poor-Help-Rich-Tax"
investortownhall 4 years ago
That's an idiotic statement. The whole point of the Fair Tax is not to pick winners and losers. All of those other taxes choose winners and losers. Besides that, luxury taxes destroy middle class jobs. An overhall of the American tax code would create jobs, increase wages, and get the government out of our way.
Roxas42 3 years ago
A sane overhall would be fine -- Fairtax is utter nonsense. Its a farce. Its bullshit. It would be the highest fucking sales tax on EARTH -- and it would be on people's rent.
Which country even HAS a sales tax on rent?
Which country even HAS a sales tax on chemotherapy?
This idiot FT would have the worlds HIGHEST sales tax on rent - medical cost, gasoline, utlity bill, even car insurance.
You would bitch like a stuck pig if it passed
MarkDouglasC 3 years ago
This was the deal clincher for me. I had been leaning toward Mr. Hunter, but this video cinched it. Go Hunter 08!!!
Fugate171 4 years ago
Congressman Hunter, let me be the first to invite you to join the Constitution Party.
NewMexicanBob 4 years ago
Good work zildjian75--thanks for posting this from a great American...
wstube2007 4 years ago
Huckabee and Hunter for P and VP in 08.
bs2174 4 years ago
I had never heard of this kind of tax before.
But Hunter has got me here and on almost all his other issues.
Go Hunter 08 dot Com
dirkello165 4 years ago