Emmett
Active Member
Lets have everbody's thoughts on the FAIR TAX! Ready....Set...........Go!
My thought is start tomorrow!
My thought is start tomorrow!
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
PsuedoGhost said:There is hardly anything fair about the fair tax. People who are wealthier tend to not spend their money on materialistic items as frequently as people who are trying to climb their way up to the top. Again we have the problem of disproportional taxation. For the people at the bottom, 30% sales tax is huge on a $77 sale, whereas for people at the top, the sales tax is almost irrelevant. Furthermore, we complain about how American values are dying because our population growth is stagnating. If the sales tax passes, there will be ZERO motivation for people to have more than two children, as they will just get butchered in consumption taxes.
PsuedoGhost said:There is hardly anything fair about the fair tax. People who are wealthier tend to not spend their money on materialistic items as frequently as people who are trying to climb their way up to the top. Again we have the problem of disproportional taxation. For the people at the bottom, 30% sales tax is huge on a $77 sale, whereas for people at the top, the sales tax is almost irrelevant. Furthermore, we complain about how American values are dying because our population growth is stagnating. If the sales tax passes, there will be ZERO motivation for people to have more than two children, as they will just get butchered in consumption taxes.
No sale...that's called a picnic.:rotflmao:William Joyce said:I'm against the fair tax. People should be able to attend large outdoor gatherings where crafts and foods are sold tax-free.
pegwinn said:Convenient. You overlooked the fact that a sales tax on materialistic items is by choice. You also overlooked the prebate. Yeah, the word for today is convenient
Just wondering if you have really looked into this? From your post it doesn't sound like you really have.PsuedoGhost said:By choice... So if no one bought anything, then there would be no taxes... Right? I can't help but think that adding on such a huge sales tax would essentially gimp the economy. I also like how the "fair tax" taxes new goods, but does not tax used goods. In which case, a house or car that is used is a better buy than a new house on which you pay a ludicrous amount of taxes on.
Mr.Conley said:I think we need the progressive income tax. Not because of an ideological standpoint, but as a matter of practicality.
Look at it this way, the top 10-20% of the population pay a huge majority of the tax bill. If we lose all that money because of a smaller flat tax, or a tax on goods and services, then I'd imagine we'd see a big drop in the tax revenues. With two wars, a massive deficit, a huge military budget, and social security, Medicare, and Medicaid programs that we won't be able to get rid of for decades if ever, the last thing we need to do is reduce the tax revenues, otherwise we'll end up being evermore at the mercy of other states who have bought a lot of our debt. I know that only 1/3 of the debt is controlled by foriegners, but that's more than enough to start a chain reaction and throw the economy completely out of whack. That would be too dangerous, especially with the markets on edge the past few weeks. The only way we could enact a new tax system I see is my simulataniously having massive reductions in spending. The problem is that a lot of our budget is locked in (interest on current debt, social security, medicare). The only other areas we can really cut without destroying the entire federal government are the military, Homeland Security, along with huge cuts in spending and the dissolution of entire Federal agencies and money the federal government gives to the states . I know that a lot of people would love that, but it's impractical. Too many people have government jobs and too many people rely on government services for everything from welfare to regulation, to highways, and important statistic and national information. It's just not practical yet.
PsuedoGhost said:By choice... So if no one bought anything, then there would be no taxes... Right? Theoretically? Yeah, if no one bought any goods or services. Nada, Zip. Now since theoretical street isn't in the real world neighborhood, what was your point?
I can't help but think that adding on such a huge sales tax would essentially gimp the economy. Well that is a bold statement. Before I run up the BS flag, I will ask you expand on it.
I also like how the "fair tax" taxes new goods, but does not tax used goods. In which case, a house or car that is used is a better buy than a new house on which you pay a ludicrous amount of taxes on. Ludicrous is in the eye of the beholder. The point is to tax everything one time only. You haven't trotted out the poor and downtrodden yet. But isn't it good that since they are biggest consumer at flea markets and second hand stuff, they won't be taxed?
GunnyL said:What you call practicality I call legal robbery. I detest paying a higher percentage rate because I earn "more." I earn more because I go out and bust my butt to get it; yet. I am penalized for those that don't, for WHATEVER reason.
Mr.Conley said:Oh, I agree with you, I'm just saying that is would be really painful to switch over to a flat tax.