Since the SuperCommittee failed, does that mean Bush tax cuts expire?

[davmat787]

How many poor people create jobs?

Jussayin...

I imagine quite a few. How many thousands are employed in administrating welfare, EBT, low income housing, police, etc?

Being facetious, just sayin...

 

[dank69]

Two people buy a car, a rich man and a poor man. Both buy a $1000 beater at 20% tax and pay $200 in tax. The system treated them both fairly and equally.

However, reality says the rich man will buy a $100,000 car...which means he will pay $20,000 in tax. They are still both being treated fairly and equally.

The Fair Tax stops caring about your income and only cares about your outgo. This means the illegals, the drug dealers, the prostitutes, etc., will all start paying taxes.

Basically, it is your standad consumption based tax with some changes to make it fair to those who are poor.

The rich man will buy a $100,000 car 'for the company' and pay zero tax.

 

[blackangst1]

In case you're too dumb to figure it out, consumption tax is regressive. It taxes poor people more than the rich.

Im not seeing much support for a straight consumption tax. The fair tax, however, is seeing some support. It is not as you say though. You might want to read it before assuming you think you know what it is.

 

[blackangst1]

Of course it does- that's why Repubs tout it so strongly.

It's also distractionary bullshit, because it'll never happen- people are too smart for that. The whole argument carries all the credence of "Bigfoot for President!"

It's just another way for Righties to escape reality, retreat into fantasy & denial.

Link? Im not seeing any major push for a straight consumption tax.

 

[cybrsage]

The rich man will buy a $100,000 car 'for the company' and pay zero tax.

Nope.