View Poll Results: Do you support the Fair Tax?

Voters
63. You may not vote on this poll
  • yes

    39 61.90%
  • no

    19 30.16%
  • other

    5 7.94%
Page 1 of 10 123 ... LastLast
Results 1 to 10 of 100

Thread: The Fair Tax

  1. #1
    Sage

    Join Date
    Apr 2005
    Location
    America (A.K.A., a red state)
    Last Seen
    09-24-13 @ 11:19 AM
    Gender
    Lean
    Conservative
    Posts
    7,317

    The Fair Tax

    The FairTax Act (HR 25, S 296) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.

    The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

    The FairTax:

    -Enables workers to keep their entire paychecks

    -Enables retirees to keep their entire pensions

    -Refunds in advance the tax on purchases of basic necessities

    -Allows American products to compete fairly

    -Brings transparency and accountability to tax policy

    -Ensures Social Security and Medicare funding

    -Closes all loopholes and brings fairness to taxation

    -Abolishes the IRS

    Click here to see the national petition.
    Democracy is two wolves and a sheep voting on what's for dinner (paraphrasing James Bovard).

  2. #2
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 06:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: The Fair Tax

    I'm not a huge fan of sales taxes as a rule, but the Fair Tax is a better option than the current tax code obscenity we have today.

  3. #3
    Banned
    Join Date
    May 2009
    Last Seen
    08-04-11 @ 04:28 AM
    Gender
    Lean
    Libertarian
    Posts
    45

    Re: The Fair Tax

    Quote Originally Posted by celticlord View Post
    I'm not a huge fan of sales taxes as a rule, but the Fair Tax is a better option than the current tax code obscenity we have today.
    I agree. It's not the perfect solution, but it is much better that what we have now. It's a tax I could live with without too much heartache.

  4. #4
    Guru

    Join Date
    Mar 2007
    Last Seen
    Today @ 11:36 AM
    Lean
    Undisclosed
    Posts
    4,339

    Re: The Fair Tax

    That change will never be made in the US for the simple fact that there are too many folks with vested interests in the current system. In many cases it is their profession and way of making a living. They will throw everything they have in opposition; more time and money and whatever else they can muster. They have a lot more to lose than the common person would gain. It is also pretty easy to demagogue (as you will see shortly).

    IMO, a consumption tax at the retail level in place of taxes on production would be great from an economic POV, but it just ain't gonna happen.


    .

  5. #5
    Global Moderator
    The Hammer of Chaos
    Goshin's Avatar
    Join Date
    Mar 2009
    Location
    Dixie
    Last Seen
    Today @ 02:19 PM
    Gender
    Lean
    Independent
    Posts
    40,457

    Re: The Fair Tax

    Whether I would support it or not would depend in part on the rate. I've heard rates quoted at more than .35 cents on the dollar... this I would not support. If you keep feeding the beast it keeps getting bigger, and there would be no legal mechanism to stop them from raising the rate even higher.

    Would I have to pay this tax on services like my utilities? My power bill? Phone and internet bills? If so this would push me completely under the water. I couldn't live a normal lifestyle and pay that on my current earnings.

    The Federal budget is bloated beyond imagining already. They put me, my child, and my hypothetical grandkids further in debt every year with deficit spending.

    Throw in a balanced budget amendment and I might be more intrested.

    Eliminate property tax on private dwellings and I'd be ecstatic.

    Otherwise this just means I'm getting robbed out of my left pocket instead of my right, to pay for the same bloated, intrusive, outta-control government.

    G.

    Fiddling While Rome Burns
    Carthago Delenda Est
    "I used to roll the dice; see the fear in my enemies' eyes... listen as the crowd would sing, 'now the old king is dead, Long Live the King.'.."

  6. #6
    Guru
    tlmorg02's Avatar
    Join Date
    Nov 2007
    Location
    Louisville, Ky
    Last Seen
    07-23-15 @ 09:48 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    3,347

    Re: The Fair Tax

    Like Goshin, I support it in theory, unless the rate is outrageous.

  7. #7
    Sage
    Oftencold's Avatar
    Join Date
    Dec 2008
    Location
    A small village in Alaska
    Last Seen
    05-08-14 @ 10:53 PM
    Gender
    Lean
    Very Conservative
    Posts
    5,044

    Re: The Fair Tax

    I suspect that you'll eventually get something like the Fair Tax or a National Sales Tax -- and the Income Tax.

    This is why I have a greater preference for a universal Flat Income Tax.
    Quod scripsi, scripsi

  8. #8
    Global Moderator
    The Hammer of Chaos
    Goshin's Avatar
    Join Date
    Mar 2009
    Location
    Dixie
    Last Seen
    Today @ 02:19 PM
    Gender
    Lean
    Independent
    Posts
    40,457

    Re: The Fair Tax

    Quote Originally Posted by Oftencold View Post
    I suspect that you'll eventually get something like the Fair Tax or a National Sales Tax -- and the Income Tax.

    This is why I have a greater preference for a universal Flat Income Tax.
    I think you're correct. They are greedy SOB's in DC.

    Barring a Constitutional amendment (and considering how often they ignore the Const anyway) preventing them from doing so, they would eventually re-introduce an income tax under new legislation. They'd probably start off like they did the first time..."oh, it only affects the 3% richest people in America, so don't worry about it..." and then it expands, and expands, and expands...

    Fiddling While Rome Burns
    Carthago Delenda Est
    "I used to roll the dice; see the fear in my enemies' eyes... listen as the crowd would sing, 'now the old king is dead, Long Live the King.'.."

  9. #9
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 06:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: The Fair Tax

    Quote Originally Posted by Goshin View Post
    Would I have to pay this tax on services like my utilities? My power bill? Phone and internet bills? If so this would push me completely under the water. I couldn't live a normal lifestyle and pay that on my current earnings.
    I don't think there's any doubt this would have an inflationary effect in the short term. It would force prices up across the board.

    However, the inflationary effect would be short-lived, as once the tax was in place and markets priced its effects into the costs of goods and services, future upward pressure on prices from the Fair Tax would be zero.

  10. #10
    Global Moderator
    The Hammer of Chaos
    Goshin's Avatar
    Join Date
    Mar 2009
    Location
    Dixie
    Last Seen
    Today @ 02:19 PM
    Gender
    Lean
    Independent
    Posts
    40,457

    Re: The Fair Tax

    Quote Originally Posted by celticlord View Post
    However, the inflationary effect would be short-lived, as once the tax was in place and markets priced its effects into the costs of goods and services, future upward pressure on prices from the Fair Tax would be zero.
    Until they raised the rate.

    As long as the power to tax without limit is in the hands of Congress, they won't be happy until the rate (of whatever tax) is 100%... and they'll probably cry and moan and do deficit spending even then.

    Fiddling While Rome Burns
    Carthago Delenda Est
    "I used to roll the dice; see the fear in my enemies' eyes... listen as the crowd would sing, 'now the old king is dead, Long Live the King.'.."

Page 1 of 10 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •