Liberal free for all coming to an end

[Suckslut]

If we adopted the fair tax, everyone would pay taxes.

Illegals have to buy stuff, as well as drug dealers and prostitutes.

[transjen]

Originally Posted by Suckslut

If we adopted the fair tax, everyone would pay taxes.

Illegals have to buy stuff, as well as drug dealers and prostitutes.

A fair tax sounds good at first but once you really look in to it more it's another GOP FU to the poor and working poor
A fair tax will place a 30% tax on everything your phone bill cable bill rent food you name it there's that 30% or higher tax plus there will be on top of that the state tax
no thanks rule number one only a fool would trust the GOP to fix or make a fair tax system
JG J

[Suckslut]

Originally Posted by transjen

A fair tax sounds good at first but once you really look in to it more it's another GOP FU to the poor and working poor
A fair tax will place a 30% tax on everything your phone bill cable bill rent food you name it there's that 30% or higher tax plus there will be on top of that the state tax
no thanks rule number one only a fool would trust the GOP to fix or make a fair tax system
JG J

But if you read the fair tax proposal, the government will send out rebates each month to poor families.

So if the poverty rate is $12,000 per person per year, and the fair tax is 25%, the government will send the poor people $3,000 a year back.

The way I would do it is to make water, bread, milk, fruits, vegetables, rent, and all the essentials not subject to the tax.

[smc]

Originally Posted by Suckslut

But if you read the fair tax proposal, the government will send out rebates each month to poor families.

So if the poverty rate is $12,000 per person per year, and the fair tax is 25%, the government will send the poor people $3,000 a year back.

The way I would do it is to make water, bread, milk, fruits, vegetables, rent, and all the essentials not subject to the tax.

Where I live (Massachusetts, USA), water, bread, milk, fruits, vegetables, rents, and even "non-luxury" clothing are all non-taxable.

A poor person earning $12,000 a year can ill-afford an outlay of 1/4 of effective annual income then wait for it to be rebated, even if it's on a monthly basis.

In addition, such a tax serves to marginalize even further the have-nots. Imagine you are a poor family making perhaps $20,000 annually. Once each year, for one day, your family can afford a "vacation" ... say, an early-morning drive to the beach and nearby amusement park, and back that night because you can't even afford a motel room to crowd the family into. Suddenly, the cost of everything associated with that is 30% greater. The haves suffer not from this imposition; the have-nots no longer can afford this minuscule piece of what might make life living.

You have not thought through your proposal, I imagine, but I guarantee those who came up with the idea and advocate it have. They see it as another smoke-and-mirrors way of protecting the wealth and privilege of the exploiters and taking from the mass of people, who are viewed as less than human and whose existence only has meaning to the wealthy in two regards: as a source of labor (to the degree this is even needed any more, in the age of wealthmaking via electronic financial transactions based on speculation and phony money) and as a constant thorn in their side, always seeking "entitlements" and a "safety net."

If you want to see a "fair tax," let's have a 100% tax on all income over $250,000. That'll sort things out for sure. No one needs more money than that to live a decent life.

[transjen]

So how does this do away with the IRS? some one still needs to collect the tax plus issue refunds checks
Like i said it sounds nice until you sit down and really think it out
And under this system you'll be paying that high tax on every single car payment so a stanard 5 year car loan means you will pay that high tax 60 times on your new car
no thanks

[Suckslut]

First off, I never said this would do away with the IRS. What it would do is cut it by about 90% and do away with filing income taxes for about 90% of people. Plus it would eliminate all the headaches associated with different tax rates for different kinds of income (wages, rent, long term capital gains, social security, deductions, loopholes, etc).

The IRS would only have to look at forms filed by businesses in the US (say 3 million) as opposed to forms filed by almost every single citizen over 18 (say 200 million)

Second of all, you are assuming everything will be 30% more expensive than it is now. That is not true. Income taxes are already figured in to company's margins and expenses. If I'm selling a product and I want to make a $1000 profit and the taxes are 33%, I'm going to sell it for $1500 (assuming other costs are $0, which they aren't, buy I'm trying to keep this simple). Now, with a fair tax at 33% and I want to make a $1000 profit, I could sell it for $1000 (again assuming costs are $0) and the customer pays the 33% tax for a total of $1,333.


I don't trust Republicans either, but I do like this proposal. In fact Mike Gavel, former Democrat Senator for Alaska is for this.

[smc]

Originally Posted by Suckslut

First off, I never said this would do away with the IRS. What it would do is cut it by about 90% and do away with filing income taxes for about 90% of people. Plus it would eliminate all the headaches associated with different tax rates for different kinds of income (wages, rent, long term capital gains, social security, deductions, loopholes, etc).

The IRS would only have to look at forms filed by businesses in the US (say 3 million) as opposed to forms filed by almost every single citizen over 18 (say 200 million)

Second of all, you are assuming everything will be 30% more expensive than it is now. That is not true. Income taxes are already figured in to company's margins and expenses. If I'm selling a product and I want to make a $1000 profit and the taxes are 33%, I'm going to sell it for $1500 (assuming other costs are $0, which they aren't, buy I'm trying to keep this simple). Now, with a fair tax at 33% and I want to make a $1000 profit, I could sell it for $1000 (again assuming costs are $0) and the customer pays the 33% tax for a total of $1,333.


I don't trust Republicans either, but I do like this proposal. In fact Mike Gavel, former Democrat Senator for Alaska is for this.

Taking your points in reverse order.

1. The fact that a Democrat is for this doesn't matter one wit to me. I do not support any politicians of the Republocrat Party.

2. I think you are being na?ve about prices to consumers. Businesses exist to maximize profits. Without some "fair tax"-related price controls, there is nothing to stop a business from continuing to charge the same as before. Sure, so-called "market forces" may result in adjustments of the sort you describe, but while you may be willing to rely on the market, I think we've had enough experience to known that there is no guarantee of the market adjusting in favor of consumers. (And I'm being kind to the market by only saying that.)

3. More to the point about prices, your construct seems flawed. Are you saying that the seller (i.e., a corporation) will no longer pay a tax? Seems to be what you wrote.

Most important, your proposal would replace a progressive tax (income) with a regressive tax. The solution is to fix the progressive taxation by making the wealthy pay more, not impose yet another hardship on working people. To be honest, you sound like the very thing you claim not to trust.

[Suckslut]

A corporation would pay the fair tax on the goods and services it buys, but not on the profits. Profits would go to the shareholders, managers, employees, tax free. Just like how an employee's salary and wages will be tax free. Everyone would only pay a tax when they buy things.

Smc, I think that a truly free market would resolve prices, but we haven't had a truly free market for a long time. Big companies get regulation passed so small companies can't compete and even conservative republicans can't vote to eliminate oil subsidies or jets for billionaires.

I wouldn't be opposed to a progressive fair tax. Purchases under $1,000 pay 10% tax, under $10,000 but over $1,000, 20% etc. If need be you could make exceptions for houses and cars, which most people need.

But this could turn into a luxury tax. You want to purchase a $5 million home, go right ahead. You'll pay a 50% tax on it, or whatever.