Fair Tax Proponents help me out.

[socoj2]

I just dont get it. It is not appealling to me at ALL. So i go from currently an 21% tax rate - Fed SS and Medicare to paying 30% on all consumables and services? And your going to give me back a rebate of 4%

Now granted, i dont necessarily spend my entire check in one year, there are times when i would purchase more then my income. Ie buying a car. and i would have to finance that huge ass $12,000 tax bill on my car for 5 years.

For the record because i know one of you are going to point it out. The Rate for the Fair tax is 30% *well 29.5 but we know the gubment doesnt round down.*, but because it is an inclusive tax its calculated after including the tax...

Ie.
A coke cost $1

1 * .30 = $1.30
$1/$1.30 = .77
100%-.77= 23%

[Chappy]

I'm a firm beliver in the flat tax if they would ever put it out - its fair across the board say 10% across the board poor to rich we would all pay the same amount. No more tax breaks for the rich and only the poor suffer. Also this would bring in so much tax money we could run the whole country and remove the deficit. you could also get rid of sale tax and still have money left over

[MrWizard]

Dude's its the road to socialism. 100% of all monies paid by personal income tax go to transfer of wealth...I.E. it doesn't buy planes or forest rangers or anything like that. It all goes to a check to someone else. After 70 percent is skimmed by GS whatevers to manage it. 42 million ppl a month get a federal check...Remember when and who instituted the personal income tax.....

Alan Keyes explained this way: "Give me permission to take as much of your money as I need and guess how much I will take? I will take as much as I can until you physically stop me or you starve to death"...

Once you begin to argue which is better: IRS or Fair tax you have lost. The arguement should be why should we have a personal income tax at all. What right does the Government have to take my money and directly give it to someone else who didn't study as hard in school as I did or work 60 hrs a week like I still do. Why do I have to get drug tested to keep my job but people who get my money thru government programs don't. Fair Tax is something borrowed from George Orwell...doublespeak.

[socoj2]

Originally Posted by Chappy

I'm a firm beliver in the flat tax if they would ever put it out - its fair across the board say 10% across the board poor to rich we would all pay the same amount. No more tax breaks for the rich and only the poor suffer. Also this would bring in so much tax money we could run the whole country and remove the deficit. you could also get rid of sale tax and still have money left over

I am more a fan of the 40k Flat tax. at 15%

First 40k no tax 15% on every dollar after that.

[socoj2]

Originally Posted by MrWizard

Dude's its the road to socialism. 100% of all monies paid by personal income tax go to transfer of wealth...I.E. it doesn't buy planes or forest rangers or anything like that. It all goes to a check to someone else. After 70 percent is skimmed by GS whatevers to manage it. 42 million ppl a month get a federal check...Remember when and who instituted the personal income tax.....

Alan Keyes explained this way: "Give me permission to take as much of your money as I need and guess how much I will take? I will take as much as I can until you physically stop me or you starve to death"...

Once you begin to argue which is better: IRS or Fair tax you have lost. The arguement should be why should we have a personal income tax at all. What right does the Government have to take my money and directly give it to someone else who didn't study as hard in school as I did or work 60 hrs a week like I still do. Why do I have to get drug tested to keep my job but people who get my money thru government programs don't. Fair Tax is something borrowed from George Orwell...doublespeak.

Amen WIZARD! i agree, yet i do think we need some kind of tax to pay for defense, Roads, Schools.

How ever that Health care, Well Fare, rest of the retard social programs that are broken and abused can kiss my a...

[WebFisher]

Chappy, I can see your point, and I almost agree with you.

However, on a flat rate federal tax, someone who only makes $10,000 per year would be more impacted by a 10% tax ($1000.00) than someone making $200,000 per year ($20,000). I'm afraid that there is no easy answer for the tax problem in our country. Our government seems to think that throwing our money at it will fix it. All we need is one more program (paid for with more taxes so our congressmen can get a pay raise as now they have another thing to monitor, which requires more aides and more government employees to manage. This causes us to raise taxes to pay the new employees. And it snowballs from there.)

I would lean more toward a nationwide flat rate sales tax. Employees wouldn't have taxes taken out of their checks, but instead, would only pay tax when they spend it. I would think that with Americans having more disposable income, they could afford more, and thus spend more which would stimulate the economy even more. Any money a person wants to put into savings, would not be taxed until it is spent. Of course, I think there should be some items that should remain tax free (i.e. Utilities such as water, electric, gas, etc.) Also, there should be no sales tax on OTC FDA Approved medicines or food.

I could go on and on about this topic forever, but I'm sure it would put all of you to sleep, so I'll stop now.

Let's all drive to Washington DC and flip off the IRS!!

[MrWizard]

Originally Posted by socoj2

Amen WIZARD! i agree, yet i do think we need some kind of tax to pay for defense, Roads, Schools.

How ever that Health care, Well Fare, rest of the retard social programs that are broken and abused can kiss my a...

All that stuff is paid for by fees, corporate taxes, etc. Again, not a drop of personal income tax goes to the things the pols will cry about having to stop providing when this comes up. Its all smoke and mirrors so they can keep a dependent class on the dole to keep themselves re-elected. 70% goes to some government guy would decides who gets a check for the other 30% that's left. For you young guys we didn't have a personal income tax until Roosevelt, the patron saint of libs....

Gov. Dixie Lee Ray descibed the last stages of Democracy as when the major of the voters discover they can vote themselves the wealth of the country and plunge it into a socialist darkness of ineffectiveness.

[socoj2]

Originally Posted by WebFisher

Chappy, I can see your point, and I almost agree with you.

However, on a flat rate federal tax, someone who only makes $10,000 per year would be more impacted by a 10% tax ($1000.00) than someone making $200,000 per year ($20,000). I'm afraid that there is no easy answer for the tax problem in our country. Our government seems to think that throwing our money at it will fix it. All we need is one more program (paid for with more taxes so our congressmen can get a pay raise as now they have another thing to monitor, which requires more aides and more government employees to manage. This causes us to raise taxes to pay the new employees. And it snowballs from there.)

I would lean more toward a nationwide flat rate sales tax. Employees wouldn't have taxes taken out of their checks, but instead, would only pay tax when they spend it. I would think that with Americans having more disposable income, they could afford more, and thus spend more which would stimulate the economy even more. Any money a person wants to put into savings, would not be taxed until it is spent. Of course, I think there should be some items that should remain tax free (i.e. Utilities such as water, electric, gas, etc.) Also, there should be no sales tax on OTC FDA Approved medicines or food.

I could go on and on about this topic forever, but I'm sure it would put all of you to sleep, so I'll stop now.

Let's all drive to Washington DC and flip off the IRS!!

Thats exactly what i suport a 40+ flat rate.

[Silverback]

Te only thing that OUR income taxes pay is the INTEREST we owe the FEDERAL RESERVE, who lends the money to the government to spend. Taxes from business, tariffs and all the LEGAL taxes imposed actually run the government. Do away with the FEDERAL RESERVE, and there's no longer a reason to impose a DIRECT income tax; with is UNCONSTITUTIONAL in the first place.

And you pay A HELL of alot more than you 22%, sales tax on everything, look at your utility bills at all the taxes listed. Some people pay close to 70% of their income back in taxes. I figure mine to years ago at roughly 58%.

The "Boston Tea Party" was over a 3% tax on tea coming from England, which also start the expression, "No taxation without representation!"

"Thus, endth he lesson..."

[DarkNinja]

Originally Posted by MrWizard

All that stuff is paid for by fees, corporate taxes, etc. Again, not a drop of personal income tax goes to the things the pols will cry about having to stop providing when this comes up. Its all smoke and mirrors so they can keep a dependent class on the dole to keep themselves re-elected. .

...so what's that big chunk out of my paycheck called FICA go to?
Okay, it's A different line item than "personal income tax" but it's still coming out of my "personal butt"

It's not "just" income tax, it's being taxed when you spend it, taxed if you invest it and make anything (tax on interest income, but what about when an investment loses?) taxes tacked onto food, electricity, liscenses, phone, and on and on and on and on.....58%???...probably a conservative estimate