My Fairtax Vid

I am a big supporter of the fairtax, so i made a movie about it for computer class, any and all comments are welcome, as this is my first video

Category:

Education

Tags:

• fairtax
• fair
• tax
• government

[JohnnyFairTax]

Mark,

Tax is already paid on all the things you mention. It is simply harder to see because it is embedded in the cost of the goods and services.

[straysheep333]

mdc, you love using this "worlds highest sales tax" in all of your posts, don't forget to mention that people will be bringing home "THEIR" "largest paychecks ever" also don't forget that market competition will drive prices down, its simple economics. Dont fight this man, its going to happen!

[Hithard177]

The most important aspect of any alternative tax proposal is the net result - who pays more, who pays less.

If you analyze the Fair Tax proposal you will find that it substantially broadens the base of what is currently subject to sales tax, and in many cases it is burdensome. As a landlord, I'm now required to collect 23% of whatever rent I charge and forward it as a sales tax.

Right now I rent 2 houses $850 each. New rent would be need to be $1,050/month!

[Diskatopia]

If everyone brings home 100 % of gross pay (they won't be, but let's play along), prices would rise a minimum of 20% when the tax is added on, and likely much more. Do the math-- the middle classes would be bringing home an extra 8-18%i, and wealthiest quintile would bring home 26%i more, so guess who loses under an FT/NST..

Yep, the middle classes lose, with their efffective federal rate being 15-25% higher on average, and the top 20% wealthy get tax cut of 10-40% or more.

"Fair" Tax=FAIL.

[chwparker]

Good video, just a few small problems. The Fairtax is a federal tax replacment, not state (although, it CAN be passed on the state level, and this is part of the idea). In addition, I think the prebate system is worth noting. other than that, great video, and keep fighting for it!

[chwparker]

That 800billion figure is actually based on the taxes that the government would pay in money that it is already spending. It can pay for it, because it already is. And another thing, the Fairtax leaders are trying ardently to pass the Fairtax. Any small bit of research will prove this within a few minutes.

[JohnnyFairTax]

As you might be able to guess from my name, I am a supporter of the FairTax. Your presentation is not entirely accurate.

At 0:26, you say the FairTax would eliminate all federal, state, and local taxes. This is not true. What it would eliminate are federal income and payroll taxes, corporate taxes, capital gains taxes, the death tax, the AMT, and the gift tax. The 23% inclusive sales tax is a federal tax. The states would likely follow suit, but they are not covered by the FairTax.