The fair tax is awesome for people with poor math skills. Have you run the calculations on total estimated collections against total government expenses? Here's a fun clue for you: The fair tax would massively reduce taxes to the wealthy, no real change for the middle class and would modestly increase taxes for the poor. Did you get it? Massive tax cuts for the rich not replaced by taxes from others.
are you stupid or simply ignorant? the fair tax is a consumption tax, and it gets rid of all other taxes! Yeah, if the bottom 50% were able to keep their entire paycheck, and then only get taxed on what they buy..., you tell us what wrong with that!!
@dangerouslytalented As things currently stand, the rich pay less in taxes than people think because most of them do not have significant earned income, which gets taxed the most. Most rich people make or hold their fortune in real estate. They use depreciation to reduce their on paper profit and therefore reduce their taxes. Now I will have to go and buy some office buildings and shopping centers.
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.
@forexrobots212 What will happen is the lobbyists will try to engineer it in order to make sure the rich will pay as little as possible and the poor and middle class will get screwed.
The K Street Lobbyists will prevent Congress as it is currently structured from passing anything like the Fairtax. Instead we need the state legislatures to call for a convention to repeal the 16th Amendment and/or restructure Congress. See Article V of the Constitution for how that is done. By restructure Congress I mean repeal the 17th Amendment and drastically increase the size of the House of Representatives.
@BritBoyProductions I'll look into them and more into their research, thanks!
Don't get too excited about holding Congress accountable. Once a bill is passed, with or without our approval, it's near impossible to repeal. We can replace them individually thru election, but their disasterous legacy remains!
@BritBoyProductions You're still assuming that the other taxes will go away, which the current bill proposes will happen, but it's not assured. You're also assuming that the FT will bill resended, which it may not. When Congress starts collecting money they get to spend, they just never want to stop!
When people have to pay more for everyday things, they buy only the necessities which will affect the economy dramatically.
@DMurrayx2
The fair tax is awesome for people with poor math skills. Have you run the calculations on total estimated collections against total government expenses? Here's a fun clue for you: The fair tax would massively reduce taxes to the wealthy, no real change for the middle class and would modestly increase taxes for the poor. Did you get it? Massive tax cuts for the rich not replaced by taxes from others.
It's a scam designed just for you.
dtorfleming 4 months ago
@dtorfleming
are you stupid or simply ignorant? the fair tax is a consumption tax, and it gets rid of all other taxes! Yeah, if the bottom 50% were able to keep their entire paycheck, and then only get taxed on what they buy..., you tell us what wrong with that!!
DMurrayx2 4 months ago
Horray! Let's tax the poor. We can spare the rich a modest tax cut by seizing 1/2 of everything the bottom 50% of US citizens own. Let's do it!
dtorfleming 4 months ago
Love it!
hrsweat0097 8 months ago
@dangerouslytalented As things currently stand, the rich pay less in taxes than people think because most of them do not have significant earned income, which gets taxed the most. Most rich people make or hold their fortune in real estate. They use depreciation to reduce their on paper profit and therefore reduce their taxes. Now I will have to go and buy some office buildings and shopping centers.
forexrobots212 1 year ago
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.
urgener 1 year ago
@forexrobots212 What will happen is the lobbyists will try to engineer it in order to make sure the rich will pay as little as possible and the poor and middle class will get screwed.
dangerouslytalented 1 year ago
The K Street Lobbyists will prevent Congress as it is currently structured from passing anything like the Fairtax. Instead we need the state legislatures to call for a convention to repeal the 16th Amendment and/or restructure Congress. See Article V of the Constitution for how that is done. By restructure Congress I mean repeal the 17th Amendment and drastically increase the size of the House of Representatives.
forexrobots212 1 year ago
@BritBoyProductions I'll look into them and more into their research, thanks!
Don't get too excited about holding Congress accountable. Once a bill is passed, with or without our approval, it's near impossible to repeal. We can replace them individually thru election, but their disasterous legacy remains!
Sentry353 1 year ago
@BritBoyProductions You're still assuming that the other taxes will go away, which the current bill proposes will happen, but it's not assured. You're also assuming that the FT will bill resended, which it may not. When Congress starts collecting money they get to spend, they just never want to stop!
When people have to pay more for everyday things, they buy only the necessities which will affect the economy dramatically.
Sentry353 1 year ago