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Voidwar · 06-12-08, 01:22 PM

The Fair Tax is idiocy. It is a VAT tax, and haphazardly applied.

Used cars would be worth 23% more than new ones under this silly tax.

How would it impact New homes vs existing ones ?

If you try to tax while they spend, they will simply spend outside your taxing jurisdiction. Tax while they earn, since your government provides the umbrella under which they do so.

The proper tax is 20% of income no deductions. (capital gains IS income)

20 cents of the first dollar, 20 cents of the millionth dollar.

The "fair tax" is a poorly thought out plan, based on an initial error of where to apply taxation.

06-12-08, 01:22 PM	#4 (permalink)
Voidwar Temp Suspended Join Date: Jul 2006 Last Online: Today 06:30 PM Posts: 3,298 Thanks: 220 Thanked 284 Times in 210 Posts Current Mood:	Re: Some things I would like to see happen The Fair Tax is idiocy. It is a VAT tax, and haphazardly applied. Used cars would be worth 23% more than new ones under this silly tax. How would it impact New homes vs existing ones ? If you try to tax while they spend, they will simply spend outside your taxing jurisdiction. Tax while they earn, since your government provides the umbrella under which they do so. The proper tax is 20% of income no deductions. (capital gains IS income) 20 cents of the first dollar, 20 cents of the millionth dollar. The "fair tax" is a poorly thought out plan, based on an initial error of where to apply taxation.