Recent content by wiseoldowl

Your statement baffles me. Yes, if we eliminate personal income taxes, corporate taxes, payroll taxes, estate taxes, gift taxes and capital gains taxes, you are correct, the government will be receiving less money; they would not receive any money. But the FairTax replaces all these taxes with...

I agree we have too many different types of taxes. We have so many we have no idea how much of our hard earned income ends up in governments’ hands. At least the FairTax would eliminate corporate and income taxes, payroll taxes, estate and gift taxes, and capital gains taxes. Unlike our...

1. How does taxing productivity not have a negative effect on productivity? Under our current system, if I work harder the government will take a larger percentage of my income; so why should I work harder? 2. Spending will not decrease under the FairTax because more people will be working...

First of all, with the elimination of all the embedded taxes and compliance cost, prices will not substantially increase. The fact that Americans will be receiving their gross pay with no substantial increase in prices, there will be more available cash for investing. Savings creates...

What makes you think the economy will contract under the FairTax? The FairTax will encourage investing thus creating more jobs; thus improving our economy; thus increasing consumption.

Again, please study the FairTax before you make any more comments. Go to FairTax.org and read the questions and answer section. The prebate is determined by taking 23% of the poverty level income. Even though you may have no income, you still spend money. It doesn’t matter what your actual...

Since you have no idea of how the FairTax works, why don’t you study up on it before you make your uneducated comments. Number one, savings under the FairTax are not taxable. Number two, saying you would probably get it back when filing taxes for the year but that’s still several thousand...

How do you think the FairTax bashers would react if the tables were turned? In other words, what if the FairTax was our current system of taxation and our federal government was trying to replace it with an income tax, a corporate tax, an estate tax, a gift tax, a capital gains tax and payroll...

You are right it will be worth it no matter what. If you look at the actual bill HR25, it states the proposed federal rate is 23%. Also go to FairTax.org and go through their Q&A section.

You and I are both FairTax fans. But I must disagree with you on the state sales tax. It will not be included in the 23% federal tax. If a state has a sales tax, it will still be added separately from the federal sales tax.

We all know government spending is running rampant. But we have no idea how much our current tax system really costs us individually. We can look at our personal tax return, but that doesn’t include all the hidden taxes and compliance cost that is passed on to us in everything we buy...

Rather than just stating the FairTax will shift the burden to the middle class, show me some figures to prove your statement.

Two important things critics fail to consider when comparing our current tax system to the FairTax when it comes to the ability to purchase a high ticket item. One, they fail to consider the increase in spendable income. Two, they fail to consider that prices will come down as the result of...

Heh. More of the same trickledown jingoism, just in a different dress. “More of the same trickledown jingoism” this is a very intelligent response. FairTax bashers make such statements when they have no logical rebuttals.