Fair Tax on Comcast

Fair Tax interview by Jamie-Lynn Drohan, Comcast, of Jim Bennett, Co-State Director, Americans for Fair Taxation that aired September 2007

Category:

News & Politics

Tags:

• Fair
• Tax
• FairTax
• Consumption
• Income
• Payroll
• Death
• Estate
• Gift
• Generation-Skipping
• Sales

[jbennettatty]

Diskatopia has had enough of an airing on my site, so now he's blocked for a while. He wasn't rude, but he never cited authority for his naked assertions. He also did not qualify himsef as an economist. He simply had to get in the last word each time and was becoming repetitive. I decided he has spent enough time here. He can crash someone else's site. After all, this is my site. I welcome any well-reasoned comment from anyone else - for or against the Fair Tax.

[printo69]

No capital gains tax, no savings tax & no corporate tax would create a massive economic boom. The fair tax would mean people pay less taxes overall. The fair tax would encourage savings & investments which are necessary for healthy economic growth. The fair tax is also nicer when considering civil liberties. People should not be entitled to the fruits of your labor via an income tax.

[pauliswood]

@dandenoth yep.  very few people realize how much tax is evaded by rich people NOW that can't be evaded under the FT

[FairTaxisaLie]

@HumbleWillis You almost got it, you were on the brink of seeing the trick they are pulling with "income mobility" to fudge the truth... hopefully by now you understand in which income brackets the person "would lose" ( that's $15k to $150k in income) and which they would be "better off" (have higher "utility/'wellbeing'" according to the researchers)-- that is less than $10k and more than $150k in income, and now see what is happening in years 7-8 and 15-16 in Table 13. See Table 5 too.

[HumbleWillis]

@FairTaxisaLie Okay, I looked up table 13 and read the explanation for it. The problem here is that you're illiterate. The table doesn't indicate that the Fair Tax is going to push anyone into poverty. The table is based on a principle that there is a 57.7% chance that you will be in the same income bracket from year to year (regardless of taxing system). Each year the income bracket is shifted up or down randomly just to demonstrate the effect of the tax system. It's a statistics method.

[FairTaxisaLie]

@HumbleWillis Type tinyurl(dot)com(forwardslash)5­93htl. YT doesn't allow url posting. Your unxsourced "numbers" are false-- it is clear you are not using the correct, real world data available from the CBO, IRS, and even Taqx Foundation. The results from Americans for Fair Taxation's own "22million$ of research" are what is at hand-- and unfortunately for supporters of this foolish tax, their OWN numbers show that on average those who make from about $15,000 to $150,000 would pay more in taxes.

[HumbleWillis]

@FairTaxisaLie Do you perhaps have an actual URL or a better search criteria. I can't find your source ... which leads me to believe it's bogus. I've run the numbers .... the numbers work.

[HumbleWillis]

@HayZing And exactly how much of their own money that they worked for is "their fair share"? Who's money is it to begin with?

[FairTaxisaLie]

@HumbleWillis "Fair" Tax AKA National Sales Tax -Inclusive AKA NASTI is a very bad idea, and their OWN research proves this. Go to their research at tinyurl 593htl, and read page 30 on. Look carefuly at tables 10-13, and see what trick they are pulling in table 13 years 7-8 to try and make this sow's ear of a tax into a silk purse.

This tax would destroy the economy wherever it was in effect. It will never be enacted in the USA, thank goodness.

[HumbleWillis]

@FairTaxisaLie If you make at or below poverty income, you pay zero taxes with the prebate. Also, with the prebate, someone who makes around $44K would have an effective tax rate around 11%, and that's IF he spends every last dollar he earns. If he saves any amount of money, the tax rate goes down because there is no tax on saved dollars. As your income goes up, your tax rate gradually moves toward, but with the prebate will never reach 23%.

[HumbleWillis]

If you make at or below poverty income, you pay zero taxes with the prebate. Also, with the prebate, someone who makes around $44K would have an effective tax rate around 11%, and that's IF he spends every last dollar he earns. If he saves any amount of money, the tax rate goes down because there is no tax on saved dollars. As your income goes up, your tax rate gradually moves toward, but with the prebate will never reach 23%.

[HumbleWillis]

@HayZing You obviously haven't actually researched the fair tax. If you make at or below poverty income, you pay zero taxes with the prebate. Also, with the prebate, someone who makes around $44K would have an effective tax rate around 11%, and that's IF he spends every last dollar he earns. If he saves any amount of money, the tax rate goes down because there is no tax on saved dollars. As your income goes up, your tax rate gradually moves toward, but with the prebate will never reach 23%.