The FAIL Tax

EPIC FAIL

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[SolomonGrundy101]

Hi, brainless cunthair! Enjoy hell!

[DavidThePatriot]

Umm, ok. I'm agnostic. Do you have an intelligent rebuttal, or are you just a moron as it appears?

[bootme21]

Nice! Aphex Twin!

[DavidThePatriot]

yeah it's from a sample album I mixed back in 2000 using that aphex twin loop some other loop I no longer have nor remember and added synths, changed breaks, etc.... pulled it out of mothballs so to speak...

[nasanction]

If a robber takes your wallet, do you owe him? They are thieves!

Banksters need to be arrested right now!

From the beginning of time through the 19th century, everyone knew that making money on money was evil and down right wrong.

Guess what!

It still is....

Clear your debt and stop feeding the machine...

[dmurray2012]

Yes - it is a replacement tax. What does it accomplish? It removes special interest influence from the tax system. It allows individuals to have a measure of determination on the taxes they pay - taxes are based on spending habits. As we've seen, the rich currently pay between 15-20 % of their income and capital gains - with their spending habits under the fair tax they would be paying 23% effective rate. You want to change the size of government, that is a different issue.

[RimbeyPower]

Read a book about Fair Tax. Make up your own mine! Anyone that is looking here is not getting all the information!!!!!

You will get a prebate everymonth. It will cover the fairtax paid for basic needs only people that spend a lot of money pay a lot of tax. And only new products are taxed. So buy used car or clothing and pay no tax on them. Read the book. It is free at the library.

[mlgturner]

I totally agree that we need less government. But our country is so much different than it was when there were no federal taxes. We have highways, that need replacing, etc. I do feel that the rich would pay more, since they consume more, and purchase more expensive items. The prebates would cover the poor for their living expenses. Our people would pay attention more to HOW they spend and possibly become savers. Loopholes in our tax system would be gone, thus no place to hide their money.

[asleeperj]

@DavidThePatriot Okay first rebuttal about the fair tax....

Massive sales taxes on homes and automobiles.

You are assuming that you do not pay taxes already. It's called embedded taxation, and you already pay 22-33 percent on ALL Goods you buy, just because it isn't on the receipt doesn't mean the business that produced it didn't pass them along. Think.

[asleeperj]

@DavidThePatriot Man, i was all prepared to rebut you, but i thought you where just a mindless socialist who loves a tax on income to support crap we don't need. It turns out you are probably a libertarian, and I agree with you. Though i think, if the fair tax did pass, then people would really see what the federal government is really costing them, then hopefully minds will change. Hell now if you ask Americans, most think they Get money BACK, instead of considering their withholdings.

[xtremejohnny69]

I have to say I disagree that the rich would benefit and the poor would be put down. The rich consume more and consume more expensive goods so they would end up paying more in consumption. The poor also receive a monthly prebate to cover costs of living with their household size taken into account. There is also no capital gains tax or most corporate taxes. So that brings jobs back to the US. This is what we need right now

[KenMacMillan]

@brotherkantutta It's called an evil religion because it was founded by a murdering warlord who killed, raped, & plundered his way across the Arabian peninsula. A man who all other muslims are supposed to emulate until the end of day.

[KenMacMillan]

It doesn't matter what kind of tax they give us, they will find a way to game the system into their advantage. Eventually they will decide to tax one item at a higher rate than another & before you know it it's 70% for gas like in England. The best thing to do is to remove all federal taxes completely & assign them a flat percentage paid by each state per quarter. Also, with state taxes we'd get taxed twice on everything we buy.

[brotherkantutta]

Islam prohibited interest 1500 years ago. Now you know who call it evil religion.

[EchoMike03]

1.) I have not heard anyone sugest, or read that the Fair Tax will DRAMATICALLY increase the cost of any particular item more than it's current cost. So this does not seem valid. A $500 TV will still end up costing about $500. So this point seems invaild

2.) If you would, as some have suggested (including Milton Freidman), submit lesiglation that caps total federal spending at a certain % of GDP this would eliminate pols from coming in afterwards and start a spending spree again.