Beware of these names. They're all the same person, a FairTax spammer who doesn't work. Compare vocabulary and style. BullshipDetector, CanteenKid, FarceTax, FilmCriticOne, NawwLeans, MakeMyPower, MarkDouglasC, MathTruthTax, MyBookDeal, MyBookWork, NavyBeer, NeilTaxCon, PrebateNonsense, Taxfools, TaxSanity, TruthMattersToMe, TubeTaxPro, 12FlyMe, SteamBoatCamp, ItchMyFoot, RooferHoofer, MybookDeal, etc etc.
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Actually Neil Boortz AND fairtax . org backed way off the "full paycheck" shit. In fact, Boortz says now - you have to DONATE what you used to pay in taxes, ,to your employer. Your EMPLOYER gets to keep the money he used to pay you, that went to taxes.
See how fucking goofy FT is? Totally insane fucking bullshit. It's own leaders know it's bullshit
@SteamboatPolar,PowerPlantEngineer,TaxTheGovernment,MathTruthTax, and the 32 other aliases you use to spam with
Your intentionally forgetting to mention the fairtax removes the cost of current income taxes from its spending embedded in government purchases and government employees wages.
DTV Fairtax doesnt remove SHIT moron, it's own leaders avoid hearings for 13 years now. No one is trying to pass this in Congress It's a farce, it's insane shit and it's own leaders KNOW it. SO it won't even have hearings under oath, much less pass. So it won't remove shit.
Fairtax is a massive new tax -- all cities and state would pay a HUGE sales tax (the world's largest tax) on everything it spends.
Read the Fairtax Answer Book, pages 138-142. States and local government pay this tax. Funny how the FT folks never told the states and cities about this.
Besides being based on getting money from all the cities and states in a huge tax, FT says "Even the federal government will become a MAJOR taxpayer" Page 148.
The Fairtax is a bunch of crap, and it's own leaders know it. Its dead -- its fizzled out ----except for a few goonie dumb asses.
The only fucking way Fairtax numbers "work" you dumb ass, is if Fairtax can create 1.5 trillion dollars out of thin air, by pretending to tax the government.
Thats exactly what the Fairtax does -- look at Fairtax Book, page 148 "The federal government will become a MAJOR taxpayer"
Read the Fairtax book like I did -- not like a dumb ass, but with critical thinking, with a fucking brain in your fucking head.
Read page 148, for example. I use this as example, cause if you don't get this one, you are retarded.
Page 148 "The federal government ITSELF will become a MAJOR taxpayer".
Oh yeah -- Major major. In fact, by taxing all government spending at all levels, as FT pretends to do -- the GOVERNMENT would be paying about half of its own income.
Once again, we all want to limit the power of the government. So let's force the government to charge the same price for services that can otherwise be provided by private industry. The FairTax plan is correct to charge the federal government the tax. Support the FairTax. Why would anyone prefer to keep the current system?
You should have the brains to figure this shit out anyway. No matter what Bootz wrote on a piece of paper dumb ass, the government can not fuching pay itself a trillion dollars in sales taxes, and count that as income.
Its not a little insane -- its a lot bullshit.
Pay yourself 10K a day to cut your own fuching grass moron -- then see if at then end of the month if you have 300K.
If the gov paying itself most of its own revenue works you dumb ass -- why not have the gov pay all?
Read the book? You dumb ass, I have parts of it memorzed you idiot.
Read fuching page 148, for example, you gullible moron.
"The federal government itself will become a MAJOR taxpayer".
Oh fuch yeah - so would all state and local governments -- in fact dumb ass -- FT math is based on getting over a trillion in sales taxes FROM the government.
Thats dumber than dog shit you idiot. And they know it.
But they have to pretend that shit to tell your dumb ass its 23%.
An average middle class person in the 15% income tax bracket with a $500/mo rent has to earn $647 in order to pay their income taxes and payroll taxes and have $500 left over to pay the rent. Under the FairTax, the same $500 rent plus the 23% Fair Tax amounts to $649- a $2 increase, oh no! But then the prebate shows and- oh boy! Not only does it refund the extra $2 in the rent, refunds the Fair Tax on groceries, gas, utilities and more. Beware the lies and half-truths, America needs the FairTax.
PART 1> Piscivorus, there would be no way to calculate embedded income tax of every product sold in the U.S. and service industry fixed asset tools and variable supplies. It is an impractical task to accomplish, and there would be too much controversy with ball parking it. Some products have parts made over seas, and some are still made here. There are all kinds of income tax embedded into everything to varying degrees, and that is a mountain of data to extract; impossible in fact.
Why not? Every business and individual knows exactly what they've paid in taxes and the IRS knows exactly what every business and individual has paid in taxes so, the data is all there. It would not be impossible to compile that data for each and every product and service but, what's the point? Consumers pay all taxes anyway you cut it so, if you simply deduct from total IRS revenue the taxes people pay directly, the difference would be the taxes we pay through prices.
Okay, let's say it's possible to collect the data. Looking at another point of concern I have with FT is> When I buy a car for 40k with a 20% sales tax, for example, a total of 48k, what will it be worth when I drive off the lot? The same when it was 48k flat? Another thing I want to ask, you say, quote, "Consumers pay all the taxes anyway-" No, producers do as it cuts into their possible price equilibriums. Achieving optimum price equilibrium is a prime goal in any free market/mixed economy.
Retailers would not be able to deduct the sales tax off their merchandise, as in, if an item is $100, and the tax is 30% the price could not be adjusted to $70 base price. FT-ers don't understand that everything "up-chain" has built in this year income tax from the year before. This means that stores wouldn't be able to deduct off the top; they would have to add it on top for the first year; crashing the economy. Commodities Tax Now! Keep energy speculation in check. Grow America! Not OPEC theft
There is an exemption in the Fair Tax for products already produced. That will allow the Fair Tax to be phased in over time and avoid precisely what you're talking about.
PART 2> Piscivorus, do you know why the FED does not publish the M3 anymore? Because of the very thing I am pointing out here. BTW This fantasy that the IRS will go out of business is a LIE who do you think is going to oversee the tax collection of retailers?
The only point you've made was false and it's got nothing to do with why the Fed isn't publishing M3. According to the FRB's website ( federalreserve . gov / Releases / h6 / discm3 . htm ) "M3 does not appear to convey any additional information about economic activity that is not already embodied in M2...". There you go. The IRS is not a business either, it's a non-profit government agency. The Fair Tax bill can and does destroy it and replaces it with a new federal tax agency. Read the bill.
That is a FED PR piece. The global economy is too integrated today to separate from what is traded in FED Notes, and what is traded in other currencies. The estimations got too broad getting to the point where they couldn't even come close anymore. They made bad numbers up. They will not admit this, so they give an explanation, you believe. Why don't you tell me how M2 & M3 duplicated? BTW, the FED is a privet bank that the U.S. has only a supposed 20% holding in. Do your own math, and KNOW.
PART 1> Piscivorus, there would be no way to calculate embedded income tax of every product sold in the U.S. and service industry fixed asset tools and variable supplies. It is an impractical task to accomplish, and there would be too much controversy with ball parking it. Some products have parts made over seas, and some are still made here. There are all kinds of income tax embedded into everything to varying degrees, and that is a mountain of data to extract; impossible in fact.
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Notice fairtax shows someone having lunch -- and paying sales tax on her lunch? They don't show someone coming out of back surgery having to pay 40,000 in sales tax.
Wonder why?
They don't show a renter, having to pay sales tax every month on his rent.
They don't show a nursing home resident paying 10-20K a year in sales taxes.
They don't show NASA or the US NAVY paying sales taxes on the space shuttle or a new submarine.
That's cause its NUTS. Sounds good, ,but its a farce.
FairTax is a permanent stimulus! Our economy would skyrocket. Of course there are some whack-jobs that don't like it. The crazies and conspiracy theory nut jobs start coming out of the woodwork any time something new comes around. My wife is a CPA and corporate officer with 25 years of experience. I'll trust her over any YouTube whack-job any day! FairTax Now!
This man on the video knows it misleading to say this is a 23% sales tax, this is why he has trouble answering it. The fairtax is 30% tax-exclusive and that's the only way to figure it on product and services. Exclusive is figured $500+30%=$650 but the fairtax bill says its a tax-inclusive meaning they want you to see it like this $650-23%=$500. No matter how you look at it, its still a 30% increase!
State sales taxes are tax-exclusive, to compare a tax-inclusive to a sales tax is misleading
They are other things listed in the FairTax bill that are free but get taxed, Bartering services for one, also giving your son a company vehicle as a gift will also be taxed. Make fun all you want but I know who started the FairTax, 3 billionaires from Houston Texas and that's a fact!!!
Make fun of the rich wanting to use their resources to better the nation all you want but I know who needs the FairTax, 300,000,000 Americans and that's a fact!
And they weren't billionaires, they were millionaires. Not that facts get in the way of class hatred...
fairtaxhtown ,Go to Wikipedia search Americans For Fair Taxation (AFFT) also known as FairTaxorg. There you will see the names of the three Houston businessmen, that started it.
Google their names and you will see that they are billionaires.
Them are the Facts and no class hatred here, just glad they found a way for them to pay more taxes! LOL.
NoJunk, Bob McNair is the only one who google says is a billionaire. And so what, billionaries can't contribute money to research ways to tame the 60,000 page tax doe monster? Would you like homeless guys putting together a tax code?
Anyway, no one has to believe you or I. Research from half a dozen prestigious universities says the FairTax will do great things for our economy and will not shift the tax burden to honest folks.
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No town is right. Fairtax seems not so much a wide spread populous movement -- but a few well meaning -- and wrong -- people out of Houston. I remember summer of 08, there was supposed to be "a million man march" in Washington to support the fairtax. No one showed up. Sure -- Fairtax can get some people excited by the "free lunch" aspect of this farce. But whenever you start to look under the hood, you see Fairtax has no engine. Its BS.
It's fully supported by Mike Huckabee. He says his first day in office, enacting the FairTax is his number one priority. It's been getting quite a bit of air time on Fox news recently. Unfortunately, it also brings the nutcases out of the woodwork.
EVERYONE Google search ( FAIR TAX BILL ,PLAN ENGLISH) and read and understand the BILL itself , because some don't want you to and is getting mad because I ask you to. That should tell you something. They wanting you to read the misleading stuff.
A cake may look good, but you don't know for sure until you go under the icing.
Your RIGHT!! CPA's and tax attorneys would absolute love this bill to pass, they would be buried under with work!!
You haven't read the bill, BANKING IS TAXED read SEC. 801. DETERMINATION OF FINANCIAL INTERMEDIATION SERVICES AMOUNT Everyone Google search ( FAIR TAX BILL ,PLAN ENGLISH) and read it so you don't fall for this!!!! You being lied to!!!
That doesn't even apply to most people because most people have free checking accounts. The only time you'd have to pay the tax is when you receive a bank fee for anything, or if you have a safe deposit box. Read in that same section, you'll also note that interest rates are no longer taxed... so expect your mortgage interest to drop a percentage point or two.
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It Does tax FREE CHECKING you should have went to the next page it says For a checking account that pays no interest like free checking which they define on the above page , the measure of taxable financial intermediation services is the interest rate on short-term Treasury obligations times the average daily deposit during the month. That's What It Says!!!!
Again, the only time you get taxed is whenever they charge you any type of service fee. Like any other type of consumption, if you pay money for it - you get charge a percentage of your purchase as a tax. But if you get something for free - what's 23% of zero? Because banks make their money by rolling their fees into an interest rate, this line just clarifies how tax is figured from an interest rate.
You're arguing with a mental case. He has multiple names that he uses to spam FairTax video's. He's been at this for over a year. Best to just ignore him and mark his comments as spam. The other names he uses are: MarkDouglasC, NoJunkAlowed, MakeMyPower, MyBookDeal, Mybookwork, CanteenKid, NavyBeer. Probably more by now though. He does it because he keeps getting blocked.
No, he's just a bored nutcase. He tries to fool people by using multiple names. Only thing is, he's so stupid, you can tell because he says the exact same things under each name. He adds comment after comment trying to block out everybody else. He claims to know all about the FT, but just ask him specific questions and it'll be clear that his bread isn't done. He's big on conspiracy theories too. He thinks Neal Boortz and John Linder are working for the evil empire out to fleece the public.
No, it says "times the average daily deposit during the month". It says "free" and since there is no serves fee this is how "free" or one that pays no interest will be taxed! It explans it pretty clear.
"the excess (if any) of the basic interest rate (as defined in section 805) over the rate paid on such investment; and the amount of the investment or account."
It is strictly limited to interest deposits. For most people, this is only a few cents we're talking here. And its only on accounts that earn interest. Hardly breaks the bank eh?
So NoJunk... if you're so anti-Fairtax, what do you propose as a tax reform? Or do you just love the complicated current system as-is?
Sounds like a great idea -- but they forget to tell you, that Boortz himself admitted all workers FIRST have to take a 30 # cut in pay, off the top!!. THEN -- you have top pay the worlds HIGHEST sales tax on everything -- cancer surgery -- chemo -- your utiliity bill, your new house, your car insurance, your gasoline, EVERYTHING. It would be a frigging disaster = PLEASE PASS IT
Do you not realize that a good chunk of the price of everything you mentioned is already tax? The utility company has employees, and they have to pay corporate sales tax, plus social security, plus medicare for each employee... 22% of your utility bill is already just paying for those taxes. The difference with FairTax is that the government will send you a rebate to cover the cost of most of your basic purchases. The only people that will be heavily taxed is the ones who live like rock stars
Boortz himself didn't write the bill and a pay cut is not in there. Why didn't you mention keeping your paycheck free of federal withholding and the prebate? Or that used items are not taxed? You pay income tax on EVERYTHING you bring into the store now! Why should I trust you instead of economists?
Ladies and Gentlemen: I would like to say I oppose the MarkTax as described above. The FairTax would restore our economy and I support it. Go to FairTax (dot) org for the details.
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Boortz did write the book, and wrote articles online after. He admitted in those articles that prices ONLY don't go up if we all accept -- voluntarily -- huge pay cuts. Its not IN the bill -- thats the crazy part. A lot of this nonsense-- like everyone accepting a huge pay cut -- is just make believe nonsense that HAS to happen for the math to work. Nonsense -- we aren't all going to accept a voluntary huge pay cut. Silly as can be.
Boortz was one person who wrote about the FairTax, yes. Why don't you go to the official website to see what is said about wages and prices? Boortz didn't say that zero price drops would happen if wages didn't go down either.
Your confusion over how far some people think prices will drop is no excuse for dismissing $22M of research and over 75 economic endorsements that say the FairTax solves the economic crisis. You think Americans want to spend $300B figuring out their taxes again next year?
@fairtaxhtown I know about the 22 million in "research" -- Ive read some of their "reseach" -- its total bs. Each "position paper" doesnt research ANYTHING at all. Nothing. It starts with the assumption FT is magic, and then goes on and on on wonderful it will be.
That's not research you moron. That's total bullshit. Not one dollar of the money went to "research" it went to a few guys to build a web site, and some public relation bullshit. There was no research -- at all. Go read it!
@MurphysTaxLaw Apparently you're a bad reader or you have an agenda to keep the IRS in our lives. If you go to FairTax . org / pagename=about_research you can see dozens of research papers from colleges and economic institutions.
But of course I should believe you just because you say so and swear a lot. Right...
@fairtaxhtown You stupid fuck -- Ive seen the "research" papers. They are nonsense. Got that you stupid fuck, NONSENSE.
WHy the fuck do you think corporation laugh at Fairtax -- and don't support it. Fairtax gets rid of 100% of their taxes -- including FICA, the highest tax by far. But they don't support Fairtax?
The reason they don't support Fairtax is -- its GOOFY shit you fucking moron. Its all bullshit. The research is total nonsense.
@ItchMyFoot Everyone believe Mr ItchyFoot because he says so and swears a lot. No one look at the dozens of research papers from the Beacon Hill Institute at Suffolk University for example. No one look at the 80 economists who signed on endorsement of the FairTax at FairTax. org.
@fairtaxhtown -- I contacted some of those "economist" Fairtax says support them --- they don't. I only found one who did support Fairtax, and he was paid by Fairtax, he works for the public relations firm.
THe "Reseach" ?? You gotta be kidding. The "research" is pure nonsense, it starts with the assumption Fairtax creates massive wealth, then just tells you how great all that wealth will be.
Guess who wrote the "research"? The public relations firm paid by Fairtax.
@fairtaxhtown you stupid fuck -- PLEASE pass your idiot fake "plan" whose own leaders know it total bullshit. Go the fuck ahead and pass it.
But you retards have run from hearings under oath about FT for 13 years. Guess what dumb fuck -- at some point, to pass it, you fucks have to face questions under oath.
QUestions such as -- how the FUCK do you expect city and state governments to pay MASSIVE taxes?
Your plan is bullshit you dumb ass, and your leaders know it.
@ItchMyFoot Why have you run from hearings under oath for 23.7 years Itchy Foot? See, anyone can make stuff up without having a source.
"Questions such as" are answered in the research section you refuse to acknowledge even exists. I'll give you an undeserved hint: The paper was published in Tax Notes.
@fairtaxhtown Sorry you retard, You fucks could have had hearings under oath anytime your "sponsors" in Congress wanted them. FOr 13 years your leaders have avoided that.
Why?
I will tell you why you stupid fuck, because thy know their "plan" is total bullshit.
@fairtaxhtown you dumb fuck -- I wish you fucktards would have hearings under oath. You fucktards know Fairtax is bullshit. Your own leaders prove that by running from all hearings under oath for 13 years.
@fairtaxhtown wrong dumb ass --- you dont get your whole paycheck. Fairtax org said so. In fact, dumb fuck - they said anyone who thinks you keep your gross pay is an idiot. They claim they NEVER said you keep your whole paycheck.
People, beware of trolls that try to tear the FairTax down. My wife is a CPA and her brother is a tax attorney. They've both read the FairTax bill and they both agree that it is genuine and the key to economic growth in our country. I suggest reading both books and the actual bill to learn more about it. You can also go to the FairTax web site to learn more. Google it! :^)
nAGG -- have your wife read where Boortz admits FIRST everyone has to take a 30% cut in pay, THEN pay the world's highest sales tax on everything. Also, have her explain how the government can be its own biggest tax payer, If your wife ever learned the details of the lunatic fair tax, she would tell you, its a pile of crapola.
Well, at least you're back to using your original name again. I guess I caught you in another lie. Now everybody can see what you're up to. And if you don't stop, I'll tell everyone your dirty little secret. You know exactly what I'm talking about too. How's everything in Quincy?
First of all, you're wrong about the 30% cut in pay, as I mentioned above. Secondly, FairTax is meant to only change the way Govt collects it's revenue - it will collect the same amount of revenue the IRS does today. Thirdly, although the tax will be built into the price of everything we purchase, prices will be no different than they are today. The only difference is that we'll know exactly how much we paid in taxes, no more hidden taxes.
NO FAIRTAX.Most everyone fighting for it has never read the Bill, they just hear the sales pitch. Everyone needs to see the Bill and understand it so they don't fall for it, because everything's going to be taxed, RENT, FOOD, BANKING, EVEN FREE CHECKING, BABYSITTING, HEATH CARE, CAR+HOME INSURANCE, POWER+PNONE+CABLE BILLS, EVERY DOLLAR TOWARD GAS + HEATING OIL It even Taxes THE GOVERNMENTS- STATE & TOWN, EVEN GOV. EMPLOYEES, IT TAXES EVERYTHING, even your Childs LITTLE LEAGUE BALLGAME
You're right, under FairTax, everything purchased at consumer level is taxed. But that is not any different than it is today. But instead of it being taken out from your paycheck, it is taken at the point of purchase. But the key difference is that you are reimbursed for most of your purchases each month, unless you live like a rock star. Businesses no longer pay tax, encouraging them to expand business, thus creating more jobs in USA.
TBE apparently you didn't read the fine print. You don't take home your whole paycheck with Fairtax -- Boortz has admitted EVERYONE has to FIRST accept a 30% cut in pay. That's just the start. Learn the "details" of this farce, and find out why the leaders aren't trying to pass it. Its pure hogwash.
I've read the fine print, I've read the bill. I have no idea where you got your 30% cut in pay figure. Think about it, whether you're paid now a salary or an hourly wage, it is based off of a figure - and taxes are deducted from that. Your employer has that salary down in their records as to what you agreed to work for. They're not going to lower it due to a tax law. Instead they will be trilled they no longer have to pay corporate income taxes - they'll have extra cashflow too.
I read the bill and the books, as has my wife, who is a CPA and her brother, who is a tax attorney. They've both read the bill and they both love it. Banking is not taxed and you're very misinformed on the other things that you say are taxed. FairTax is strictly a consumption tax paid at the point of sale on new goods & services. Every person with a valid social security number receives a monthly prebate check to offset taxes on essential items up to the poverty level. You are very misinformed.
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urgener 5 months ago
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ellet1215 1 year ago
Actually Neil Boortz AND fairtax . org backed way off the "full paycheck" shit. In fact, Boortz says now - you have to DONATE what you used to pay in taxes, ,to your employer. Your EMPLOYER gets to keep the money he used to pay you, that went to taxes.
See how fucking goofy FT is? Totally insane fucking bullshit. It's own leaders know it's bullshit
NawwLeans 1 year ago
@SteamboatPolar,PowerPlantEngineer,TaxTheGovernment,MathTruthTax, and the 32 other aliases you use to spam with
Your intentionally forgetting to mention the fairtax removes the cost of current income taxes from its spending embedded in government purchases and government employees wages.
Your diatribe is selective and disingenuous.
dtvgmedia 2 years ago
DTV Fairtax doesnt remove SHIT moron, it's own leaders avoid hearings for 13 years now. No one is trying to pass this in Congress It's a farce, it's insane shit and it's own leaders KNOW it. SO it won't even have hearings under oath, much less pass. So it won't remove shit.
MurphysTaxLaw 1 year ago
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Fairtax is a massive new tax -- all cities and state would pay a HUGE sales tax (the world's largest tax) on everything it spends.
Read the Fairtax Answer Book, pages 138-142. States and local government pay this tax. Funny how the FT folks never told the states and cities about this.
Besides being based on getting money from all the cities and states in a huge tax, FT says "Even the federal government will become a MAJOR taxpayer" Page 148.
Fairtax is a lying crock of crap.
SteamboatPolar 2 years ago
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The Fairtax concept is awesome -- but so is the concept of a magician making a dove come out of a napkin.
Here is a clue -- the dove didn't come from the napkin.
Fairtax napkin trick is revealed on page 148 of FT Book "The federal government itself will become a MAJOR taxpayer"
When the fed gov sends itself a check -- it has to PAY the check too. So there is no spendable income from itself.
Yes-- its silly as that. And Fairtax
PowerPlantEngineer 2 years ago
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The Fairtax is a bunch of crap, and it's own leaders know it. Its dead -- its fizzled out ----except for a few goonie dumb asses.
The only fucking way Fairtax numbers "work" you dumb ass, is if Fairtax can create 1.5 trillion dollars out of thin air, by pretending to tax the government.
Thats exactly what the Fairtax does -- look at Fairtax Book, page 148 "The federal government will become a MAJOR taxpayer"
Fairtax is not going anywhere. Its dead.
Google Fairtax absurdity.
12FlyMe 2 years ago
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Read the Fairtax book like I did -- not like a dumb ass, but with critical thinking, with a fucking brain in your fucking head.
Read page 148, for example. I use this as example, cause if you don't get this one, you are retarded.
Page 148 "The federal government ITSELF will become a MAJOR taxpayer".
Oh yeah -- Major major. In fact, by taxing all government spending at all levels, as FT pretends to do -- the GOVERNMENT would be paying about half of its own income.
Pure fucking BS.
CanteenKid 2 years ago
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Don't worry. Just tax the federal government like Fairtax does.
Oh - Fairtax also puts this world's highest sales tax -- on city, state, local government too.
So Im sure that will work fine. No problem there.
Only - you dumb asses won't be able to get gov to pay all this shit. So guess what retard -- your math is fuuuucked up.
Your tax rate would have to be 50-60%
TaxTheGovernment 2 years ago
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Oh yeah I'm sorry. You really fuching can get about half your revenue FROM the government -- like Fairtax pretends.
Retard -- that's how FT is fooling your dumb ass. It pretends to tax the government, which is pure bullshit you tard.
FT not only pretends to tax the federal government -- it pretends to get huge taxes from ALL government at all levels.
Where the fuck will the government get the money to pay themselves you fucking idiot.
Fairtax is bullshit - you are being fooled
NawwLeans 2 years ago
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Once again -- Fairtax is pure bullshit.
Yes we need a new tax code. But not this bullshit farce.
ITs a farce you dumb asses because it pretends to get MOST of government revenue FROM the government.
That's right retards -- FT plan is based on making government pay well over a trillion in sales tax -- to itself. And it counts that shit as income.
Yes -- its that fucking stupid -- that much of a fucking farce.
MathTruthTax 2 years ago
Once again, we all want to limit the power of the government. So let's force the government to charge the same price for services that can otherwise be provided by private industry. The FairTax plan is correct to charge the federal government the tax. Support the FairTax. Why would anyone prefer to keep the current system?
urgener 2 years ago 2
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Similiar concept?
No - because Fairtax applies their tax to the government itself. The pentagon, NASA, medicare, even state and local governments have to pay it.
No one else on earth has pretended to make the government pay itself a sales tax.
Fairtax plan: "government itself will become a major taxpayer". Page 148
Of course it admits that in fine print -- and hopes you don't notice.
That's how they got the math to show 23% instead of the real 60%.
Its BS. Sorry.
NawwLeans 2 years ago
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You should have the brains to figure this shit out anyway. No matter what Bootz wrote on a piece of paper dumb ass, the government can not fuching pay itself a trillion dollars in sales taxes, and count that as income.
Its not a little insane -- its a lot bullshit.
Pay yourself 10K a day to cut your own fuching grass moron -- then see if at then end of the month if you have 300K.
If the gov paying itself most of its own revenue works you dumb ass -- why not have the gov pay all?
TruthMattersToMe 2 years ago
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Read the book? You dumb ass, I have parts of it memorzed you idiot.
Read fuching page 148, for example, you gullible moron.
"The federal government itself will become a MAJOR taxpayer".
Oh fuch yeah - so would all state and local governments -- in fact dumb ass -- FT math is based on getting over a trillion in sales taxes FROM the government.
Thats dumber than dog shit you idiot. And they know it.
But they have to pretend that shit to tell your dumb ass its 23%.
Taxfools 2 years ago
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Below Pisciv admitted you pay a sales tax on your rent. All rent would pay the worlds highest sales tax every month. Fine, at least he admitted it.
Piscivor -- now what if that same person has high medical cost? How do they pay the sales tax on their child's leukemia treatment?
Or the food -- or utlitilities -- or car insurance -- or a new roof -- or electric bill.
All that and more would have the worlds highest sales tax.
NeilTaxCon 2 years ago
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Its bullshit because it pretends to get over a trillion in taxes FROM the government.
Let me repeat that -- FROM the government - in sales taxes the gov would pay itself.
Yes -- its that stupid. Thats how they get 23% -- from pretending shit like that.
They know this. Its a fuching farce.
NeilTaxCon 2 years ago
An average middle class person in the 15% income tax bracket with a $500/mo rent has to earn $647 in order to pay their income taxes and payroll taxes and have $500 left over to pay the rent. Under the FairTax, the same $500 rent plus the 23% Fair Tax amounts to $649- a $2 increase, oh no! But then the prebate shows and- oh boy! Not only does it refund the extra $2 in the rent, refunds the Fair Tax on groceries, gas, utilities and more. Beware the lies and half-truths, America needs the FairTax.
Piscivorus 2 years ago
Examine the entire Fair Tax bill (HR 25) at:
thomas . loc . gov / cgi-bin / query / z?c111:H.R.25:
Just close all the gaps.
Or watch my Fair Tax play list. =)
Piscivorus 2 years ago
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Piscivorus 2 years ago
PART 1> Piscivorus, there would be no way to calculate embedded income tax of every product sold in the U.S. and service industry fixed asset tools and variable supplies. It is an impractical task to accomplish, and there would be too much controversy with ball parking it. Some products have parts made over seas, and some are still made here. There are all kinds of income tax embedded into everything to varying degrees, and that is a mountain of data to extract; impossible in fact.
reasoningreasoning 2 years ago
Why not? Every business and individual knows exactly what they've paid in taxes and the IRS knows exactly what every business and individual has paid in taxes so, the data is all there. It would not be impossible to compile that data for each and every product and service but, what's the point? Consumers pay all taxes anyway you cut it so, if you simply deduct from total IRS revenue the taxes people pay directly, the difference would be the taxes we pay through prices.
Piscivorus 2 years ago
Okay, let's say it's possible to collect the data. Looking at another point of concern I have with FT is> When I buy a car for 40k with a 20% sales tax, for example, a total of 48k, what will it be worth when I drive off the lot? The same when it was 48k flat? Another thing I want to ask, you say, quote, "Consumers pay all the taxes anyway-" No, producers do as it cuts into their possible price equilibriums. Achieving optimum price equilibrium is a prime goal in any free market/mixed economy.
reasoningreasoning 2 years ago
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Fairtax will be "phased in over time" because of used products?
Are you insane?
Is everyone that buys into FT a dumb ass or what?
You dumb ass, have you ever heard of used cancer surgery moron?
Have you ever heard of used utility bills? Used insurance? Used food?
How about used medicare bills? Cause medicare would be taxed -- all government spending would be taxed.
Fairtax is a bogus farce, what the hell is wrong with you lunatics.
Fairtax is a magic pony that shits gold.
NawwLeans 2 years ago
Retailers would not be able to deduct the sales tax off their merchandise, as in, if an item is $100, and the tax is 30% the price could not be adjusted to $70 base price. FT-ers don't understand that everything "up-chain" has built in this year income tax from the year before. This means that stores wouldn't be able to deduct off the top; they would have to add it on top for the first year; crashing the economy. Commodities Tax Now! Keep energy speculation in check. Grow America! Not OPEC theft
reasoningreasoning 2 years ago
There is an exemption in the Fair Tax for products already produced. That will allow the Fair Tax to be phased in over time and avoid precisely what you're talking about.
Piscivorus 2 years ago
PART 2> Piscivorus, do you know why the FED does not publish the M3 anymore? Because of the very thing I am pointing out here. BTW This fantasy that the IRS will go out of business is a LIE who do you think is going to oversee the tax collection of retailers?
reasoningreasoning 2 years ago
The only point you've made was false and it's got nothing to do with why the Fed isn't publishing M3. According to the FRB's website ( federalreserve . gov / Releases / h6 / discm3 . htm ) "M3 does not appear to convey any additional information about economic activity that is not already embodied in M2...". There you go. The IRS is not a business either, it's a non-profit government agency. The Fair Tax bill can and does destroy it and replaces it with a new federal tax agency. Read the bill.
Piscivorus 2 years ago
That is a FED PR piece. The global economy is too integrated today to separate from what is traded in FED Notes, and what is traded in other currencies. The estimations got too broad getting to the point where they couldn't even come close anymore. They made bad numbers up. They will not admit this, so they give an explanation, you believe. Why don't you tell me how M2 & M3 duplicated? BTW, the FED is a privet bank that the U.S. has only a supposed 20% holding in. Do your own math, and KNOW.
reasoningreasoning 2 years ago
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PART 1> Piscivorus, there would be no way to calculate embedded income tax of every product sold in the U.S. and service industry fixed asset tools and variable supplies. It is an impractical task to accomplish, and there would be too much controversy with ball parking it. Some products have parts made over seas, and some are still made here. There are all kinds of income tax embedded into everything to varying degrees, and that is a mountain of data to extract; impossible in fact.
reasoningreasoning 2 years ago
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NawwLeans 2 years ago
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I read the Fairtax book, the follow up book, all the web sites I could -- and Boortz's "clarifications" in free republic.
That's how I know its bullshit.
I know you can't tax all state and local governments a huge sales tax on what they spend -- but Fairtax pretends they can.
You can't tax the federal government a sales tax either -- they have to pay it moron. Its not income.
Fairtax is a farce -- sounds nice though. But its bullshit, pure bullshit, and the fairtax leaders know it.
MarkDouglasC 2 years ago
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Ever heard the saying that numbers do not lie but liars use number to lie, Everything about the FairTax twists numbers so you do not see the truth.
NoJunkAlowed 2 years ago
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Notice fairtax shows someone having lunch -- and paying sales tax on her lunch? They don't show someone coming out of back surgery having to pay 40,000 in sales tax.
Wonder why?
They don't show a renter, having to pay sales tax every month on his rent.
They don't show a nursing home resident paying 10-20K a year in sales taxes.
They don't show NASA or the US NAVY paying sales taxes on the space shuttle or a new submarine.
That's cause its NUTS. Sounds good, ,but its a farce.
MarkDouglasC 2 years ago
FairTax is a permanent stimulus! Our economy would skyrocket. Of course there are some whack-jobs that don't like it. The crazies and conspiracy theory nut jobs start coming out of the woodwork any time something new comes around. My wife is a CPA and corporate officer with 25 years of experience. I'll trust her over any YouTube whack-job any day! FairTax Now!
NAGGERNUTZ 3 years ago 3
This man on the video knows it misleading to say this is a 23% sales tax, this is why he has trouble answering it. The fairtax is 30% tax-exclusive and that's the only way to figure it on product and services. Exclusive is figured $500+30%=$650 but the fairtax bill says its a tax-inclusive meaning they want you to see it like this $650-23%=$500. No matter how you look at it, its still a 30% increase!
State sales taxes are tax-exclusive, to compare a tax-inclusive to a sales tax is misleading
NoJunkAlowed 3 years ago
TBEau1
They are other things listed in the FairTax bill that are free but get taxed, Bartering services for one, also giving your son a company vehicle as a gift will also be taxed. Make fun all you want but I know who started the FairTax, 3 billionaires from Houston Texas and that's a fact!!!
NoJunkAlowed 3 years ago
Make fun of the rich wanting to use their resources to better the nation all you want but I know who needs the FairTax, 300,000,000 Americans and that's a fact!
And they weren't billionaires, they were millionaires. Not that facts get in the way of class hatred...
fairtaxhtown 3 years ago
fairtaxhtown ,Go to Wikipedia search Americans For Fair Taxation (AFFT) also known as FairTaxorg. There you will see the names of the three Houston businessmen, that started it.
Google their names and you will see that they are billionaires.
Them are the Facts and no class hatred here, just glad they found a way for them to pay more taxes! LOL.
NoJunkAlowed 3 years ago
NoJunk, Bob McNair is the only one who google says is a billionaire. And so what, billionaries can't contribute money to research ways to tame the 60,000 page tax doe monster? Would you like homeless guys putting together a tax code?
Anyway, no one has to believe you or I. Research from half a dozen prestigious universities says the FairTax will do great things for our economy and will not shift the tax burden to honest folks.
fairtaxhtown 3 years ago 5
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No town is right. Fairtax seems not so much a wide spread populous movement -- but a few well meaning -- and wrong -- people out of Houston. I remember summer of 08, there was supposed to be "a million man march" in Washington to support the fairtax. No one showed up. Sure -- Fairtax can get some people excited by the "free lunch" aspect of this farce. But whenever you start to look under the hood, you see Fairtax has no engine. Its BS.
MarkDouglasC 2 years ago
Jim - Excellent speaking! Can I book you for the next presentation? :-) Wish I was there to help you. Glad it was such a success. -Paul Burgener
urgener 3 years ago
Gee, from what presidential candidate did we heard this from?
All for it!
themorningshowlive 3 years ago
It's fully supported by Mike Huckabee. He says his first day in office, enacting the FairTax is his number one priority. It's been getting quite a bit of air time on Fox news recently. Unfortunately, it also brings the nutcases out of the woodwork.
NAGGERNUTZ 3 years ago
EVERYONE Google search ( FAIR TAX BILL ,PLAN ENGLISH) and read and understand the BILL itself , because some don't want you to and is getting mad because I ask you to. That should tell you something. They wanting you to read the misleading stuff.
A cake may look good, but you don't know for sure until you go under the icing.
NoJunkAlowed 3 years ago
NAGGERNUTZ
Your RIGHT!! CPA's and tax attorneys would absolute love this bill to pass, they would be buried under with work!!
You haven't read the bill, BANKING IS TAXED read SEC. 801. DETERMINATION OF FINANCIAL INTERMEDIATION SERVICES AMOUNT Everyone Google search ( FAIR TAX BILL ,PLAN ENGLISH) and read it so you don't fall for this!!!! You being lied to!!!
NoJunkAlowed 3 years ago
That doesn't even apply to most people because most people have free checking accounts. The only time you'd have to pay the tax is when you receive a bank fee for anything, or if you have a safe deposit box. Read in that same section, you'll also note that interest rates are no longer taxed... so expect your mortgage interest to drop a percentage point or two.
TBEau1 3 years ago
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It Does tax FREE CHECKING you should have went to the next page it says For a checking account that pays no interest like free checking which they define on the above page , the measure of taxable financial intermediation services is the interest rate on short-term Treasury obligations times the average daily deposit during the month. That's What It Says!!!!
NoJunkAlowed 3 years ago
Again, the only time you get taxed is whenever they charge you any type of service fee. Like any other type of consumption, if you pay money for it - you get charge a percentage of your purchase as a tax. But if you get something for free - what's 23% of zero? Because banks make their money by rolling their fees into an interest rate, this line just clarifies how tax is figured from an interest rate.
TBEau1 3 years ago
You're arguing with a mental case. He has multiple names that he uses to spam FairTax video's. He's been at this for over a year. Best to just ignore him and mark his comments as spam. The other names he uses are: MarkDouglasC, NoJunkAlowed, MakeMyPower, MyBookDeal, Mybookwork, CanteenKid, NavyBeer. Probably more by now though. He does it because he keeps getting blocked.
NAGGERNUTZ 3 years ago
Are you saying that he's a Bruce Bartlett fanboy? Someone who thinks FairTax was invented by the church of Scientology... Haha!
TBEau1 3 years ago 2
No, he's just a bored nutcase. He tries to fool people by using multiple names. Only thing is, he's so stupid, you can tell because he says the exact same things under each name. He adds comment after comment trying to block out everybody else. He claims to know all about the FT, but just ask him specific questions and it'll be clear that his bread isn't done. He's big on conspiracy theories too. He thinks Neal Boortz and John Linder are working for the evil empire out to fleece the public.
NAGGERNUTZ 3 years ago
No, it says "times the average daily deposit during the month". It says "free" and since there is no serves fee this is how "free" or one that pays no interest will be taxed! It explans it pretty clear.
NoJunkAlowed 3 years ago
"the excess (if any) of the basic interest rate (as defined in section 805) over the rate paid on such investment; and the amount of the investment or account."
It is strictly limited to interest deposits. For most people, this is only a few cents we're talking here. And its only on accounts that earn interest. Hardly breaks the bank eh?
So NoJunk... if you're so anti-Fairtax, what do you propose as a tax reform? Or do you just love the complicated current system as-is?
TBEau1 3 years ago
Sounds like a great idea -- but they forget to tell you, that Boortz himself admitted all workers FIRST have to take a 30 # cut in pay, off the top!!. THEN -- you have top pay the worlds HIGHEST sales tax on everything -- cancer surgery -- chemo -- your utiliity bill, your new house, your car insurance, your gasoline, EVERYTHING. It would be a frigging disaster = PLEASE PASS IT
MarkDouglasC 3 years ago
Do you not realize that a good chunk of the price of everything you mentioned is already tax? The utility company has employees, and they have to pay corporate sales tax, plus social security, plus medicare for each employee... 22% of your utility bill is already just paying for those taxes. The difference with FairTax is that the government will send you a rebate to cover the cost of most of your basic purchases. The only people that will be heavily taxed is the ones who live like rock stars
TBEau1 3 years ago
Boortz himself didn't write the bill and a pay cut is not in there. Why didn't you mention keeping your paycheck free of federal withholding and the prebate? Or that used items are not taxed? You pay income tax on EVERYTHING you bring into the store now! Why should I trust you instead of economists?
Ladies and Gentlemen: I would like to say I oppose the MarkTax as described above. The FairTax would restore our economy and I support it. Go to FairTax (dot) org for the details.
fairtaxhtown 3 years ago 6
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Boortz did write the book, and wrote articles online after. He admitted in those articles that prices ONLY don't go up if we all accept -- voluntarily -- huge pay cuts. Its not IN the bill -- thats the crazy part. A lot of this nonsense-- like everyone accepting a huge pay cut -- is just make believe nonsense that HAS to happen for the math to work. Nonsense -- we aren't all going to accept a voluntary huge pay cut. Silly as can be.
MarkDouglasC 2 years ago
Boortz was one person who wrote about the FairTax, yes. Why don't you go to the official website to see what is said about wages and prices? Boortz didn't say that zero price drops would happen if wages didn't go down either.
Your confusion over how far some people think prices will drop is no excuse for dismissing $22M of research and over 75 economic endorsements that say the FairTax solves the economic crisis. You think Americans want to spend $300B figuring out their taxes again next year?
fairtaxhtown 2 years ago 5
@fairtaxhtown I know about the 22 million in "research" -- Ive read some of their "reseach" -- its total bs. Each "position paper" doesnt research ANYTHING at all. Nothing. It starts with the assumption FT is magic, and then goes on and on on wonderful it will be.
That's not research you moron. That's total bullshit. Not one dollar of the money went to "research" it went to a few guys to build a web site, and some public relation bullshit. There was no research -- at all. Go read it!
MurphysTaxLaw 1 year ago
@MurphysTaxLaw Apparently you're a bad reader or you have an agenda to keep the IRS in our lives. If you go to FairTax . org / pagename=about_research you can see dozens of research papers from colleges and economic institutions.
But of course I should believe you just because you say so and swear a lot. Right...
fairtaxhtown 1 year ago
@fairtaxhtown You stupid fuck -- Ive seen the "research" papers. They are nonsense. Got that you stupid fuck, NONSENSE.
WHy the fuck do you think corporation laugh at Fairtax -- and don't support it. Fairtax gets rid of 100% of their taxes -- including FICA, the highest tax by far. But they don't support Fairtax?
The reason they don't support Fairtax is -- its GOOFY shit you fucking moron. Its all bullshit. The research is total nonsense.
ItchMyFoot 1 year ago
@ItchMyFoot Everyone believe Mr ItchyFoot because he says so and swears a lot. No one look at the dozens of research papers from the Beacon Hill Institute at Suffolk University for example. No one look at the 80 economists who signed on endorsement of the FairTax at FairTax. org.
You have won Mr ItchyFoot.
fairtaxhtown 1 year ago
@fairtaxhtown -- I contacted some of those "economist" Fairtax says support them --- they don't. I only found one who did support Fairtax, and he was paid by Fairtax, he works for the public relations firm.
THe "Reseach" ?? You gotta be kidding. The "research" is pure nonsense, it starts with the assumption Fairtax creates massive wealth, then just tells you how great all that wealth will be.
Guess who wrote the "research"? The public relations firm paid by Fairtax.
ItchMyFoot 1 year ago
@fairtaxhtown you stupid fuck -- PLEASE pass your idiot fake "plan" whose own leaders know it total bullshit. Go the fuck ahead and pass it.
But you retards have run from hearings under oath about FT for 13 years. Guess what dumb fuck -- at some point, to pass it, you fucks have to face questions under oath.
QUestions such as -- how the FUCK do you expect city and state governments to pay MASSIVE taxes?
Your plan is bullshit you dumb ass, and your leaders know it.
ItchMyFoot 1 year ago
@ItchMyFoot Why have you run from hearings under oath for 23.7 years Itchy Foot? See, anyone can make stuff up without having a source.
"Questions such as" are answered in the research section you refuse to acknowledge even exists. I'll give you an undeserved hint: The paper was published in Tax Notes.
fairtaxhtown 1 year ago
@fairtaxhtown Sorry you retard, You fucks could have had hearings under oath anytime your "sponsors" in Congress wanted them. FOr 13 years your leaders have avoided that.
Why?
I will tell you why you stupid fuck, because thy know their "plan" is total bullshit.
ItchMyFoot 1 year ago
@ItchMyFoot Content in knowing you have no knowledge of how Congress works and cover it up by swearing continuously, I'll rest my case.
fairtaxhtown 1 year ago
@fairtaxhtown you dumb fuck -- I wish you fucktards would have hearings under oath. You fucktards know Fairtax is bullshit. Your own leaders prove that by running from all hearings under oath for 13 years.
Go see Fairtax hoax at blogspot.
ItchMyFoot 1 year ago
@fairtaxhtown wrong dumb ass --- you dont get your whole paycheck. Fairtax org said so. In fact, dumb fuck - they said anyone who thinks you keep your gross pay is an idiot. They claim they NEVER said you keep your whole paycheck.
It's all bullshit dumb ass.
MurphysTaxLaw 1 year ago
@MurphysTaxLaw It's another swearing MarkBot Spambot clone, just what the doctor ordered!
You keep your full paycheck free of federal withholding - as FairTax . org says.
fairtaxhtown 1 year ago
People, beware of trolls that try to tear the FairTax down. My wife is a CPA and her brother is a tax attorney. They've both read the FairTax bill and they both agree that it is genuine and the key to economic growth in our country. I suggest reading both books and the actual bill to learn more about it. You can also go to the FairTax web site to learn more. Google it! :^)
NAGGERNUTZ 3 years ago 2
nAGG -- have your wife read where Boortz admits FIRST everyone has to take a 30% cut in pay, THEN pay the world's highest sales tax on everything. Also, have her explain how the government can be its own biggest tax payer, If your wife ever learned the details of the lunatic fair tax, she would tell you, its a pile of crapola.
MarkDouglasC 3 years ago
Well, at least you're back to using your original name again. I guess I caught you in another lie. Now everybody can see what you're up to. And if you don't stop, I'll tell everyone your dirty little secret. You know exactly what I'm talking about too. How's everything in Quincy?
NAGGERNUTZ 3 years ago
First of all, you're wrong about the 30% cut in pay, as I mentioned above. Secondly, FairTax is meant to only change the way Govt collects it's revenue - it will collect the same amount of revenue the IRS does today. Thirdly, although the tax will be built into the price of everything we purchase, prices will be no different than they are today. The only difference is that we'll know exactly how much we paid in taxes, no more hidden taxes.
TBEau1 3 years ago
Mark/NoJunk: Did Boortz write HR 25? Didn't think so... Do you not understand the government pays taxes to itself now?
fairtaxhtown 3 years ago 2
Don't Fall for it!!!
Everyone do yourself a favor and go read the Plan English version of the bill so you don't fall for this!!
The BOOK DOES NOT TELL THE WHOLE THING AND IS MISLEADING.
NoJunkAlowed 3 years ago
NO FAIRTAX.Most everyone fighting for it has never read the Bill, they just hear the sales pitch. Everyone needs to see the Bill and understand it so they don't fall for it, because everything's going to be taxed, RENT, FOOD, BANKING, EVEN FREE CHECKING, BABYSITTING, HEATH CARE, CAR+HOME INSURANCE, POWER+PNONE+CABLE BILLS, EVERY DOLLAR TOWARD GAS + HEATING OIL It even Taxes THE GOVERNMENTS- STATE & TOWN, EVEN GOV. EMPLOYEES, IT TAXES EVERYTHING, even your Childs LITTLE LEAGUE BALLGAME
NoJunkAlowed 3 years ago
You're right, under FairTax, everything purchased at consumer level is taxed. But that is not any different than it is today. But instead of it being taken out from your paycheck, it is taken at the point of purchase. But the key difference is that you are reimbursed for most of your purchases each month, unless you live like a rock star. Businesses no longer pay tax, encouraging them to expand business, thus creating more jobs in USA.
TBEau1 3 years ago 3
TBE apparently you didn't read the fine print. You don't take home your whole paycheck with Fairtax -- Boortz has admitted EVERYONE has to FIRST accept a 30% cut in pay. That's just the start. Learn the "details" of this farce, and find out why the leaders aren't trying to pass it. Its pure hogwash.
MarkDouglasC 3 years ago
I've read the fine print, I've read the bill. I have no idea where you got your 30% cut in pay figure. Think about it, whether you're paid now a salary or an hourly wage, it is based off of a figure - and taxes are deducted from that. Your employer has that salary down in their records as to what you agreed to work for. They're not going to lower it due to a tax law. Instead they will be trilled they no longer have to pay corporate income taxes - they'll have extra cashflow too.
TBEau1 3 years ago
I read the bill and the books, as has my wife, who is a CPA and her brother, who is a tax attorney. They've both read the bill and they both love it. Banking is not taxed and you're very misinformed on the other things that you say are taxed. FairTax is strictly a consumption tax paid at the point of sale on new goods & services. Every person with a valid social security number receives a monthly prebate check to offset taxes on essential items up to the poverty level. You are very misinformed.
NAGGERNUTZ 3 years ago 4