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anyone heard of the fair tax?

R

robothouse77

Golden Member
i guess you only get taxed at 23% on all NEW purchases. period. plus you get "rebates" at the beginning of every month in order for lower income families to purchase food, ect. so if the rich choose to live lavishly, they'll be taxed on it. if you buy a new car, you'll get taxed. if you buy a used car, you'll WON'T be taxed. if it gets implemented, all of a sudden you get revenue from drug traffic because they buy expensive things, but didn't get taxes before because they dodge the income tax. kinda neat...

http://www.fairtaxvolunteer.org/smart/f...B30=0&bcsi_scan_filename=faq-main.html
 
Originally posted by: iversonyin
Originally posted by: Koenigsegg
Would be impossible to convert over from our current system..
Click to expand...


Unless we have the whole country agrees on it. That possibility is close to 0.
Click to expand...

Why would someone argue? What's the downside I guess.

Edit: I guess it'd be a problem if people quit buying lots of things. That won't happen in america though.
 
Are there any legitimate academic studies on this? That would be interesting to read.
I'll have to look later if I remember.
 
Originally posted by: Zanix
Originally posted by: iversonyin
Originally posted by: Koenigsegg
Would be impossible to convert over from our current system..
Click to expand...


Unless we have the whole country agrees on it. That possibility is close to 0.
Click to expand...

Why would someone argue? What's the downside I guess.
Click to expand...
Doesn't "tax the rich" enough for the liberals.
 
Originally posted by: everman
Are there any legitimate academic studies on this? That would be interesting to read.
I'll have to look later if I remember.
Click to expand...

I seem to remember a couple. I can't remember where to look though. 🙁

There is a Fair Tax Book coming out on August 2nd. It is written by Neal Boortz and John Linder, two huge proponents of the Fair Tax plan.

And of course, there is the Fair Tax Website.
 
Originally posted by: zendari
Originally posted by: Zanix
Originally posted by: iversonyin
Originally posted by: Koenigsegg
Would be impossible to convert over from our current system..
Click to expand...


Unless we have the whole country agrees on it. That possibility is close to 0.
Click to expand...

Why would someone argue? What's the downside I guess.
Click to expand...
Doesn't "tax the rich" enough for the liberals.
Click to expand...

man... f that... 23% on a $60,000 car is alot more than 23% on a $10,000 car. I think that's fair.
 
Originally posted by: Toasthead
yeah its been around a while. It makes too much sense for politicians to ever approve it.
Click to expand...
yeah, our fearless leaders are too pussified to implement anything remotely close.

they're too busy hawking up religion in the edumacation system and warmongering the ME for sludge :roll:
 
Originally posted by: zendari
Originally posted by: Zanix
Originally posted by: iversonyin
Originally posted by: Koenigsegg
Would be impossible to convert over from our current system..
Click to expand...


Unless we have the whole country agrees on it. That possibility is close to 0.
Click to expand...

Why would someone argue? What's the downside I guess.
Click to expand...
Doesn't "tax the rich" enough for the liberals.
Click to expand...


For every type of tax reform, there people not going to be happy. There a recent article on this in the Businessweek. I can link you if you are too lazy. They explain the pros and cons of each tax reforms.
 
Overly complicated, although it does prove without question that a "progressive" sales tax is possible (i.e. a sales tax that hits the rich harder than the poor).

It won't go through though because the government likes knowing how much you make. They want to know your income. Remember, they brought down Al Capone for nothing other than income tax evasion.
 
Originally posted by: m2kewl
Originally posted by: Toasthead
yeah its been around a while. It makes too much sense for politicians to ever approve it.
Click to expand...
yeah, our fearless leaders are too pussified to implement anything remotely close.

they're too busy hawking up religion in the edumacation system and warmongering the ME for sludge :roll:
Click to expand...

yet it's the democrats you vote for that are adamantly against a national sales tax replacing income tax...
 
Originally posted by: Vic
Overly complicated, although it does prove without question that a "progressive" sales tax is possible (i.e. a sales tax that hits the rich harder than the poor).

It won't go through though because the government likes knowing how much you make. They want to know your income. Remember, they brought down Al Capone for nothing other than income tax evasion.
Click to expand...

I like this idea even more now that you mention that point.
 
Originally posted by: Toasthead
yeah its been around a while. It makes too much sense for politicians to ever approve it.
Click to expand...

Another reason they won't implement it is because of someone like me. I get taxed probably somewhere around the 26-28% range and I don't buy a whole lot of stuff, so there goes a revenue stream.

It's a shame, but I don't think well ever see the day where the government is collecting less tax and therefore has to make intelligent decisions on how to spend it. *sigh*

 
Originally posted by: Vic
Overly complicated, although it does prove without question that a "progressive" sales tax is possible (i.e. a sales tax that hits the rich harder than the poor).

It won't go through though because the government likes knowing how much you make. They want to know your income. Remember, they brought down Al Capone for nothing other than income tax evasion.
Click to expand...

How is it overly complicated? Compared to our current tax system this is "See Spot Run".

23% sales tax. The hardest part comes in giving a refund every month to people for basic needs.

The reason it won't go through (or at least very difficult to make it go through) is not because the gov't likes to know what people makes but likes to have the power of vote buying tax breaks and "reforms". Also, there are extremely powerful lobbyists that would be out of business should this ever pass. So, they will poopoo it forever.
 
Originally posted by: Vic
Overly complicated, although it does prove without question that a "progressive" sales tax is possible (i.e. a sales tax that hits the rich harder than the poor).

It won't go through though because the government likes knowing how much you make. They want to know your income. Remember, they brought down Al Capone for nothing other than income tax evasion.
Click to expand...

How is this overly complicated compared to our current system?
 
I assume since it's only on "NEW" purchases that houses and stocks that have had a previous owner would not be taxed?
 
Originally posted by: Kalbi
Originally posted by: m2kewl
Originally posted by: Toasthead
yeah its been around a while. It makes too much sense for politicians to ever approve it.
Click to expand...
yeah, our fearless leaders are too pussified to implement anything remotely close.

they're too busy hawking up religion in the edumacation system and warmongering the ME for sludge :roll:
Click to expand...

yet it's the democrats you vote for that are adamantly against a national sales tax replacing income tax...
Click to expand...

hey i'm an independent. i've advocated tax changes and end of SS since i registered on ATOT. i was for steve forbes tax changes when he ran, too bad the public was too brainwashed by the democratic/republican propoganda machine...

and how did you know how i voted??? 😛
 
Ahhh...the true rise of the black market in the United States would be upon us. A whole new type of crime syndicate involved.
 
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