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goofy? he wants to abolish the IRS and the Federal Income tax.
if you choose you cannot pay taxes. Even if your not a citizen you pay taxes. Its easy just buy something to pay taxes. By design the rich pay more because they have more to spend and the poor keep more because they get their money back for necessities.
Personal - I know the theory. I know the myth. I know it sounds good. But you dont know crap about the effects it would have. What effect would a high sales tax have on nursing home patients? I bet you dont know. Do renters know they will have to pay 23% extra for their rent? I bet they dont. Can the military pay 200 billion a year in sales tax? I bet it cant. Will cancer patients be able to pay 23% tax on surgery and chemo? I bet they cant.
Reimbursed health care VOUCHERS? Are you mental? Yes, I konw Gravel well enough to know he is a great guy. I admire him. I know he really has a good heart. But on this, his misses fundamental reality of the FT -- it wont work.
Reimbursed for everything? Nonsense, unless MIke has a far different version than Fairtax org, and Boortz book. But regarldless, you cant send VOUCHERS for all that - thats like giving exemptions. If you exempt health care from the taxable spending, your 23% isnt near enough. The math wont work, unless health care is in there.
Personal, you dont know what you are talking about. If you reimburse all these tax payments -- may as well not charge them. It would be stupid to charge the taxes, then send everyone a voucher for it. Yes, tourist and illegals wouldnt get the vouchers. But their spending would be about 1 /100000 of what you need. Their tax rate would have to 600000 %. I sorta think you wouldnt get a lot of tourist.
No - those hit hardest would be the young, the sick, the old. Those in nursing homes, those fighting cancer to stay alive, those who dont have houses, cars, assets. Dont worry , this plan is absurd. Even Washington isnt dumb enough to walk into this trap and take the blame.
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if you choose you cannot pay taxes. Even if your not a citizen you pay taxes. Its easy just buy something to pay taxes. By design the rich pay more because they have more to spend and the poor keep more because they get their money back for necessities.
How in the hell is that goofy?
Dont worry , this plan is absurd. Even Washington isnt dumb enough to walk into this trap and take the blame.