Quote Originally Posted by jtdc View Post
Judy flips again! She has argued that this does not affect business taxes. Yet now she argues that it will take away those burdens.

This so-called "FairTax" would supposedly fix the federal tax paid by consumers, but if Congress decided they needed more revenue, lookout businesses, as that would be the only thing they could adjust. So it is a lie to claim that this fraud "fair tax" would protect businesses.

Never say "never"! As already shown, we already have "VAT taxes". We just aren't solely dependent on them.
Who said the FairTax "protects" businesses? It eliminates all federal income based taxes on businesses and individuals. It doesn't change excise taxes, tariffs, imposts or duties that businesses and individuals pay. Those remain in place. No one has ever claimed otherwise, certainly not me.

The FairTax eliminates the present compounding of the income tax. That's all it can do because that's all it does. It doesn't impact any tax other than an income-based tax, i. e. personal income tax, corporate income tax, capital gains tax, dividend tax, gift tax, estate tax, payroll tax, interest tax.

No, the FairTax does not "fix" federal tax paid by consumers and has never claimed it does, no one has, certainly not me. In fact, the FairTax legislation is very specific that Congress is to review the 8.09% earmarked for Social Security and Medicare every two years to ensure that this amount is sufficient to fund the SS Trust Fund, so it's quite obvious from the legislation that from time to time the FairTax rate will change to ensure robust funding of Social Security and Medicare. Any Congress with a cooperating President can also raise or lower the 14.91 General Revenue portion of the FairTax, or make any other adjustment they see fit to do. The difference is you aren't forced to pay it if they raise it. You decide how much FairTax you pay by your spending choices, a choice you don't have with a mandatory income tax.