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Fair Tax

Discussion in 'Politics & Religion' started by ncz_nate, Jan 8, 2008.

  1. myp

    myp Well-Known Member

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    #21
    Basically there are no taxes other than a set sales tax. The sales tax would be higher though (projected in the 23%-35% range). Some people think it would make it more fair, hence the name.SEMrush
     
    myp, Jan 8, 2008 IP
    SEMrush
  2. d16man

    d16man Well-Known Member

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    #22
    It would be SET at 23%...not higher (most people that don't know about the fairtax think 30% or 35%, but this is just ignorance because they haven't read)...

    Visit the fairtax link in my previous posts...that should help answer your questions.
     
    d16man, Jan 8, 2008 IP
  3. GRIM

    GRIM Prominent Member

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    #23
    No answer?

    .
     
    GRIM, Jan 8, 2008 IP
  4. myp

    myp Well-Known Member

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    #24
    Yea, thats what I thought, but after reading a few threads on this forum I saw many people saying 30 and stuff so I just assumed it wasn't settled yet.
     
    myp, Jan 8, 2008 IP
  5. d16man

    d16man Well-Known Member

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    #25
    It is...the writer of the bill, Congressman Lindler of SC did a book with Neal Boortz about it...they have a followup book coming out in about a month I think...you can pre-order it here:

    http://www.amazon.com/FairTax-Answe...1540463?ie=UTF8&s=books&qid=1199707742&sr=8-1

    edit: Lindler is from GA, not SC.
     
    d16man, Jan 8, 2008 IP
  6. GRIM

    GRIM Prominent Member

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    #26
    Don't believe anything, 'nothing is settled' when it comes to a bill or something such as this.

    The final proposal might be, not what would be attempted to be voted though ;)


    ----
    and for those of you who support the fair tax.

    Yet again you do not honestly think a merchant is going to keep a product at $100 and pay $23 to taxes do you? The merchant will raise the product to AT LEAST $123 if not higher ;)
    I should know I am a merchant!
     
    GRIM, Jan 8, 2008 IP
  7. guerilla

    guerilla Notable Member

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    #27
    So if the government doesn't collect enough revenues at 23%, they can't raise it?
     
    guerilla, Jan 8, 2008 IP
  8. GRIM

    GRIM Prominent Member

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    #28
    Yeah and no bills, or anything like that ever gets changed for compromise in order to get it though :rolleyes:

    Talk about 'ignorance'

    Still no answer on the $100 product that will remain $100 when the merchant now has to pay $23 of that into taxes.
     
    GRIM, Jan 8, 2008 IP
  9. d16man

    d16man Well-Known Member

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    #29
    thats the beauty of the fairtax...23% is high enough...the reason being is that now ALL people will be paying tax, whether it is americans, visitors, illegals, whoever. You pay a tax on the good you buy, not on the money you make.

    I think this will help...not only does it show the difference between the current tax system and the fairtax, but it gives a breakdown of why a good that cost 100$ will still cost 100$ after the FT. This is from the link I posted earlier to the FT website, which I think some people might have skipped over. Please let me know if this does not make sense.

     
    d16man, Jan 8, 2008 IP
  10. GRIM

    GRIM Prominent Member

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    #30
    So according to this, 'very hard to read btw' the $100 item is in fact $125 as Joe paid $125 to the storekeeper,
    $100 is for the item bought, $25 is for the taxes. He paid it directly to taxes NOT the merchant. The merchant simply forwards the amount, just like sales tax now.

    Talk about ignorance, not even knowing what he supports and how it works.

    :rolleyes:

    Which does not look like
     
    GRIM, Jan 8, 2008 IP
  11. mookie9920

    mookie9920 Peon

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    #31
    it will put more money into the economy. if they don't tax your income, then you can buy whatever you want. a drug dealer can't buy a million dollar house because he never paid taxes on those million dollars...with the fair tax no one is lookin at his income so therefore he can buy a million dollar house and a bently
     
    mookie9920, Jan 8, 2008 IP
  12. GRIM

    GRIM Prominent Member

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    #32
    and the millionaire can sit idle and not buy much of anything, hoarding his money.

    The poor person wont buy much of anything as it is more expensive now, even if only mentally as people do not comprehend 'even if it's the same' they only see the price tag when they buy.
     
    GRIM, Jan 8, 2008 IP
  13. d16man

    d16man Well-Known Member

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    #33
    exactly...I think the confusion and the ignorance of people is the difference though between tax inclusive and tax exclusive. Those that say the cost of good will go up don't know the difference between the two and are unwilling to learn. These are also the people that claim it will really be a 30% sales tax....I really wish more people would read...thanks for your explanation mookie.
     
    d16man, Jan 8, 2008 IP
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  14. GRIM

    GRIM Prominent Member

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    #34
    Nobody sees how this will create a black market?

    5-10% on sales tax not much of a point, add in 23% extra and wow could be profitable for many to sell under the table ;)
     
    GRIM, Jan 8, 2008 IP
  15. mookie9920

    mookie9920 Peon

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    #35
    also my father will be spending alot more, he spends every dime he has now and he is taxed at 35%...if he was only taxed 23-25% he would be driving a new car and spending even more money
     
    mookie9920, Jan 8, 2008 IP
    d16man likes this.
  16. d16man

    d16man Well-Known Member

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    #36
    I just found this wonderful explanation of the fairtax, and it sums things up quite nicely! (www.fairtax.org)
     
    d16man, Jan 8, 2008 IP
  17. d16man

    d16man Well-Known Member

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    #37
    normally I don't respond to people on ignore, but your post shows your own ignorance. It is not a 5-10% tax PLUS an additional 23%...how about read about it and then bring a decent argument. you are back on ignore.
     
    d16man, Jan 8, 2008 IP
  18. GRIM

    GRIM Prominent Member

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    #38
    Ahh yes because one person and how he decides should be the factor in figuring out how everyone on every tax level will be as well.
     
    GRIM, Jan 8, 2008 IP
  19. mookie9920

    mookie9920 Peon

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    #39
    also for the drug dealer part....that could easily put millions, if not billions back into the economy....even if the drug dealer puts it in the bank, instead of it being mattress money or brown paper bag money in their closet it would help.
     
    mookie9920, Jan 8, 2008 IP
  20. GRIM

    GRIM Prominent Member

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    #40
    Oh so the feds will do away with state sales tax now will they?

    :rolleyes:

    the 5-10% I put out there was a rough estimate of STATE and County Sales tax.

    Talk about IGNORANCE

    BTW you were owned above :D
     
    GRIM, Jan 8, 2008 IP