Thread: The FairTax -- The Truth

THIS IS A BIG DEAL, AND DESERVES TO READ IN ITS ENTIRETY.

The FairTax -- The Truth
By Neal Boortz
Tuesday, November 27, 2007

Last Thursday Townhall contributor Hank Adler published a column on this website entitled “A Hard Look At The Fair Tax (sic)â€

[b]Every household in America will receive a check or a credit to an account at the beginning of every month equal to the amount of FairTax that household would be expected to pay during that month on the basic necessities of life. Poverty figures for various family sizes from the Commerce Department will be used to calculate the size of this “prebate.â€

I would rather have this tax then a flat tax on income.

I am pretty sure I had also.

I just don't understand it. I don't have a problem with a sales tax. That does sound good. Everyone would be contributing that way. It's just when they start 'monkeying' around with the rules I get lost.

I'm not sure it needs to be as high as 22/23% though.

A flat sales tax - maybe just have food, medicene, etc., tax exempt and that's it.

There would be almost no beauracy involved. Don't know what all those IRS people would do - or tax attorneys - or CPA's - but I'm willing.

When they talk flat tax, are they talking EVERYTHING - new/used - homes - real estate???

Buying a home would be subject to the tax, BUT buying a home as investment property would NOT be subject to the tax. People wealthy enough to buy homes for investment get away tax-free while home buyers are stiffed.

What about State and Local sales taxes??? These govts. have to run also...so add those on. And what about taking money out of savings that has ALREADY been taxed and buying something, you will be taxed again, right?

I can't imagine the nightmare of trying to figure out just what each family would get at the beginning of the month and how much fraud this would entail. This is idiotic! It's a waste of time and money, just do, what has been suggested, and eliminate the tax on necessities!

In 2004, 144 million people or about 44% of the population had NO tax liability! This would certainly bring them into the fold, but do you think they will ever go along with paying something, that in their mind, they are NOT paying now??

The IRS is a massive agency with a LOT of power and don't think it will ever go away in our lifetime even though it's an interesting discussion. Congresspeople aren't going to give up their power to wield taxing authority. The tax business is BIG business. The throngs of people and businesses associated with taxes will never allow this to happen.

The answer is eliminate federal income taxes. The govt. would still have a couple trillion dollars to spend. End the massive entitlements. I recently read that 2 out of every 3 dollars spent by the govt goes to some type of entitlement program.

I'm with you, gofer, I don't think it will happen at not in any simple form.

I would like to see a simpler method, a more fair method, one that didn't need or have the government changing and pushing it one direction and then another.

The government/politicians use their deduction granting power to pay back contribitors by directing money into certain industries, etc. They won't give that up without a fight.

Personally, I've always felt that a flat tax of 10% for all individuals would be all that we need. 10% for each person... married or not, in all financial brackets... with no special tax breaks. That way, everyone would be paying a fair share: Ten cents on every dollar of income.

What do you all think?

I would rather see a 10/12% sales tax - no deduction - no exemption except for food and medicene.

Every year our CPA laughingly tells my husband how many more people, citizens that is, in this country are not paying taxes and don't even file a return. It's kinda like a newsflash he gives us every year when we send our papers.

So evidently lots of Americans are not paying taxes, more every year. It could mean they just aren't filing - but unless they owe money or are entitled to a small refund, I'm thinking most due a refund or EITC would file.

The illegals by and large pay no taxes.

A sales tax would get the illegals, those who don't pay income tax - the whole bunch, with very little enforcing or beauracy involved.

Of course, we might have to cut back on some of those things the federal government has mandated the states provide. It might be like the last tax cut when monies back to the states were cut. Our state found all kind of creative ways to increase the income to the state 'without raising taxes'.
I still came out of our pockets, however.

I think I like Ron Paul's idea best.

Eliminate the Federal Income tax and replace it with NOTHING.

To pay for it, eliminate EVERY government agency that's unconstitutional.

The IRS, for one.

Socialist Security for another. (A lot of us will never get a DIME.)

Eliminate most Cabinet positions that waste our money, and return those responsibilities to the States, where they Constitutionally BELONG.

It'll take TIME to get it done, and the time to start is NOW!

Ron Paul is the ONLY candidate WILLING TO SPEAK THE TRUTH about these things.

Don't forget to donate day after tomorrow, either.

Originally Posted by CitizenJustice

I would rather have this tax then a flat tax on income.

I'd rather have no tax

Also, this might be something to think about.

When inflation rises, usually prices go up and we all know that our wages do not increase with the "real inflation". Therefore, your dollar is buying less BUT you are still paying on that inflated amount per item. So in essence, you are earning less and paying more in taxes.

At least that is how i understand it.