Flat Tax vs Fair Tax

Discussion in 'Politics' started by akelch, Nov 28, 2012.

  1. akelch
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    akelch Senior Member

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    We all agree the tax system is broke. The question is how do we fix it or do we replace it with something else?

    Do you support a Flat Tax or the Fair Tax plans and why?
     
  2. editec
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    editec Mr. Forgot-it-All

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    No, I do not support a flat tax.

    It's a simple solution to a complex problem that will not work.

    As to a Fair tax?


    Describe it first, and then perhaps we can comment on it.
     
  3. akelch
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    akelch Senior Member

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    The Fair Tax replaces income tax, social Security tax, capital gains tax, Medicare tax and replaces it with a consumption tax at the point if sale.

    So no more filing of taxes, you keep all the money you earn, businesses produce and export with no taxes attached (help compete in the global market.) This will also help keep jobs in US. Everyone pays it including the illegal workers, underground economy (drug deals, etc.) and foreign visitors. Very hard to avoid but easier to regulate.

    Most of all it is a level playing field. Politicians can not play favorites. If you raise the tax you raise it on everyone.

    The bill in on Capital Hill and it is only 33 pages long compare that to 77,000 pages of the income tax.
     
  4. Scorpion
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    Scorpion VIP Member

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    Fair tax,but too many people favor the status quo and change scares the crap out of them.
    And the elites wouldn't be in favor of anything that would eliminate their power to manipulate the masses.
     
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  5. akelch
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    akelch Senior Member

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    True ...but I don't care what they want. If the people want it bad enough then it will happen.
     
  6. Scorpion
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    Scorpion VIP Member

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    The other consideration is how are local and state revenues met for expenses?
    How do you transition to all fair?
     
  7. RDD_1210
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    RDD_1210 Forms his own opinions

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    How will our massively bloated military budget be sustained with a "Fair Tax"?
     
  8. akelch
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    akelch Senior Member

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    The fair tax only affects federal taxes. State tax and local taxes will stay the same.
     
  9. akelch
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    akelch Senior Member

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    The fair tax is designed to be revenue neutral. The government will get the same amount of money.
     
  10. editec
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    editec Mr. Forgot-it-All

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    How about this?

    FLAT SOCIAL SECUITY taxation.

    Do you want that?

    Of course you don't. Your masters would have to pay at the same rate as working people do.

    Hypocrital liberatarian ALERT.
     

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