fair tax?

[KillVols]

comments... I find this very interesting.


http://www.fairtax.org/

 

[NYBamaFan]

This has been discussed quite a few times on this board and most support the idea...

 

[92tide]

In theory, I like the idea. Unfortunately, a big part of the success of that would be congress controlling spending. I think investing in wool sweaters to market in hell would be a better bet than counting on that.

 

[KillVols]

This has been discussed quite a few times on this board and most support the idea...

I must have missed those threads.

 

[NYBamaFan]

In theory, I like the idea. Unfortunately, a big part of the success of that would be congress controlling spending. I think investing in wool sweaters to market in hell would be a better bet than counting on that.

There would be $billions$ in savings as agencies like the IRS ceased to exist. There would be almost half a $trillion$ saved each year in fees paid by individuals and companies to prepare taxes.

Of course, one must consider all of those CPAs and accountants out of work...

 

[92tide]

i've always wondered just how much uncle sugar spends on tax publications each year.

Of course, one must consider all of those CPAs and accountants out of work..

lord help us. . . bean counters with no beans to count. it may get ugly

 

[Queasy1]

Actually, accountants would still have work. They just wouldn't be spending their time concocting ways to work around the current tax code. They'd go and do other accounting or concoct ways to get around the new tax code.

 

[doctorgonzo]

Fair Tax Fraud by Laurence Vance

The consumption tax, on the other hand, can only be regarded as a payment for permission-to-live. It implies that a man will not be allowed to advance or even sustain his own life, unless he pays, off the top, a fee to the State for permission to do so. The consumption tax does not strike me, in its philosophical implications, as one whit more noble, or less presumptuous, than the income tax.

http://www.mises.org/story/1814

 

[92tide]

Quote:
The consumption tax, on the other hand, can only be regarded as a payment for permission-to-live. It implies that a man will not be allowed to advance or even sustain his own life, unless he pays, off the top, a fee to the State for permission to do so. The consumption tax does not strike me, in its philosophical implications, as one whit more noble, or less presumptuous, than the income tax.

http://www.mises.org/story/1814

you make your point by quoting a barner?

 

[Mamacalled]

There are several misleading statements in that editorial.
One, is the dr charging taxes on his services. He does that already. Duh. how ignorant to not realize that there are embedded taxes in the service industry. Those embedded taxes would be removed under the fair tax. So yes, we would pay a sales tax on his services but it would only be replacing the taxes dr.s have already added to their fees.
Another one is the thinking that somehow with the current tax system spending is held in check. No, the fair tax doesn't call to limit spending. So nothing changes in that regard.

 

[Queasy1]

Re: Fair Tax Fraud by Laurence Vance

http://www.mises.org/story/1814

This writer is slamming the Fair Tax for not solving problems the Fair Tax is not intended to solve (such as social security and medicare).

He also complains about businesses being sales tax collectors...uh, they already are in all but a couple of states.

The Fair Tax proponents are also pretty open about the repeal of the 16th amendment going hand in hand with the acceptance of the Fair Tax. The writer here is acting like they are expecting to keep the 16th amendment. You can't repeal a constitutional amendment with a bill.

He also sets up preposterous strawmen by asking if babysitters are going to have to charge tax.

As a whole, this man is educated but his arguments are just wrong.

 

[Queasy1]

Another note about the Fair Tax...they had a rally for the Fair Tax at the Gwinnett Convention Center north of Atlanta. They ended up having to turn people away because they filled the convention center.

 

[Queasy1]

Video Highlights of the Fair Tax Rally (WMV ~50MB)