Herman Cain Explains Fair Tax
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@samantha11363
It's fair you liberal. You shouldn't be persecuted for having money! We aren't socialist lets keep it that way! Everyone pays the same percentage based on their spending habits. FAIR. Everything is not so black and white, learn what's actually going on.
johnesdman 3 months ago
@1969was1969
Shut up you're so wrong. You pay taxes based on how much you DECIDE to by. You can't throw out numbers like that because not everyone is the same. You spend what you want and the rate is the same for everyone except if you don't have enough money to survive
johnesdman 3 months ago
"Not every household would benefit equally, however. (edit) Mid-income category households* would lose because the FairTax would impose a relatively higher tax rate on them." tinyurl 593htl
*those making from $15,000 to $150,000 a year
This is from Americans For Fair Taxation's own research. Clearly, supporters cannot chalenge the statement that it would raise the effective tax rates of the middleclasses, because doing so negates the research they base their other arguments on.
1969was1969 4 months ago
@whummer98 This "embedded taxes" falsehood has been repeatedly disproven-- there is not an even 23% in everything (capital gains and estate taxes are not in product prices at all, are they?), and that amount is part of wages given to employees which THEY then pay in at DIFFERENT RATES. To argue otherwise is counting the same money twice -- saying employees pay their taxes AND consumers then pay it again. Consumers are paying the WAGES, the taxes are paid by the wage earner at DIFFERENT RATES.
1969was1969 4 months ago
I would support this Fair Tax if: 1) I get free job training paid for by pell grants, not degree, but targeted OJT education that gains me bankable skills 2) I get a voucher for my child so if I don't like public education I can be exempt from that tax and send the child where I want. Since this tax code will also rid the system of tax credits and if we do that AND don't have access to an income we cannot live. I am happy to work, but need a living wage too.
Foreshadow44 4 months ago
@Foreshadow44: You are not factoring in the hidden costs. Right now there is a 22% embedded tax on products and services (on average). If you remove that then you might be talking about a 1% increase, but you do not pay any other federal tax and you get your entire paycheck. THEN, the poticians lose a mechanism of playing one citizen against another with.
whummer98 4 months ago
Bankers+prison=Justice!
This dudes a banker!
We will not pay your debt!
Ron Paul!
debtbully3 5 months ago
Read Neal Boortz's book... The Fair Tax
It might give a better explaination...or better yet, contact the Hermain Cain campaign and ask for a clearer explanation...he is also on facebook....
glasskatx4 5 months ago
So I don't get tax credits, like a credit for education I might get as a student, and then if this tax is applied to my school fee I simply pay a lot more and then when tax time comes I don't get some back as a tax refund. Yes, if 23 percent is applied to the big ticket items you must go into debt for. I don't know. I think it would just raise my cost of living.
Foreshadow44 5 months ago
@CPAsheldon
Do you just do tax preparation or do you also do accounting as well?
HogsBoysMavsCards 6 months ago