View Poll Results: Which do you prefer:

Voters
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  • Income tax - no changes in the status quo

    39 19.80%
  • Flat tax - Everyone pays the same %

    67 34.01%
  • National sales tax - don't spend, you don't pay taxes

    47 23.86%
  • No tax - Unconstitutional - rely on private donations

    10 5.08%
  • Other - explain

    21 10.66%
  • Cookies!

    13 6.60%
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Thread: Income tax; Flat tax; National Sales tax; No tax

  1. #211
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    Re: FairTaxFraud.com

    Quote Originally Posted by rally2xs View Post
    Additionally, the income tax also does not tax the proceeds of the illegal drug trade, prostitution, other smuggling, numbers rackets, etc. The Fair Tax would tax these things when the criminals involved use their "earnings" to buy big-screen TVs, fancy cars, etc. No income tax can ever touch that.
    Or we could legalize, regulate, and tax drugs, brothels, and gambling.

  2. #212
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    Re: FairTaxFraud.com

    Quote Originally Posted by samsmart View Post
    Or we could legalize, regulate, and tax drugs, brothels, and gambling.
    Yeah, but that wouldn't get (good, manufacturing) jobs to come back to the USA.

  3. #213
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by RightinNYC View Post
    Again, I'm sorry but I don't know what you're trying to say. Are you under the impression that GM was kept afloat to protect monied interests?
    Goonion leaders are "moneyed interests".

    So are corrupt Democrat politicians that voted for the GM bailout (if they weren't corrupt, they wouldn't have voted for it.)

  4. #214
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by RightinNYC View Post
    I'm pointing out that the auto bailout was not designed to protect rich people, but rather the employees and larger economy.
    You're either trying to fool others, or you've managed to fool yourself.

    The GM bailout had nothing to do with protecting the little people and everything to do with protecting the Congressmen and their goonion leader friends.

  5. #215
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    Re: FairTaxFraud.com

    Quote Originally Posted by rally2xs View Post
    And existing housed wouldn't. Those buying new houses generally have the $$$ to pay such a tax. Poorer people generally buy existing housing.
    Easy way to make that fair.

    Everyone that buys a house pays either no tax or the same percentage.

    Anything else is not equal and hence unfair.

  6. #216
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    Re: FairTaxFraud.com

    Quote Originally Posted by Scarecrow Akhbar View Post
    Easy way to make that fair.

    Everyone that buys a house pays either no tax or the same percentage.

    Anything else is not equal and hence unfair.
    Not all that hung up on any particular sense of "fair", as much as I am a system that would work to not overburden people that can't afford to be, and raise revenues where those who pay are in a position to be able to, and not really harm anyone.

    "Fair" is just a catch-word.

  7. #217
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Unspinning the FairTax

    We look at the numbers behind the numbers.

    Summary
    In our recent article on the second GOP debate, we called out Gov. Mike Huckabee as well as Reps. Tom Tancredo and Duncan Hunter for their support of the FairTax. We wrote that the bipartisan Advisory Panel on Tax Reform had “calculated that a sales tax would have to be set at 34 percent of retail sales prices to bring in the same revenue as the taxes it would replace, meaning that an automobile with a retail price of $10,000 would cost $13,400 including the new sales tax.” A number of readers pointed out that H.R. 25, the specific bill mentioned by Gov. Huckabee, calls for a 23 percent retail sales tax and not the 34 percent used by the Advisory Panel on Tax Reform. That 23 percent number, however, is misleading and based on some extremely optimistic assumptions. We found that while there are several good economic arguments for the FairTax, unless you earn more than $200,000 per year, fairness is not one of them."

    FactCheck.org: Unspinning the FairTax
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  8. #218
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Catawba View Post
    Unspinning the FairTax

    We look at the numbers behind the numbers.

    Summary
    In our recent article on the second GOP debate, we called out Gov. Mike Huckabee as well as Reps. Tom Tancredo and Duncan Hunter for their support of the FairTax. We wrote that the bipartisan Advisory Panel on Tax Reform had “calculated that a sales tax would have to be set at 34 percent of retail sales prices to bring in the same revenue as the taxes it would replace, meaning that an automobile with a retail price of $10,000 would cost $13,400 including the new sales tax.” A number of readers pointed out that H.R. 25, the specific bill mentioned by Gov. Huckabee, calls for a 23 percent retail sales tax and not the 34 percent used by the Advisory Panel on Tax Reform. That 23 percent number, however, is misleading and based on some extremely optimistic assumptions. We found that while there are several good economic arguments for the FairTax, unless you earn more than $200,000 per year, fairness is not one of them."

    FactCheck.org: Unspinning the FairTax
    The factcheck article is an internet relic of the 2008 presidential campaign, and is, I believe, simply a hit piece on the platform centerpiece of gov. Mike Huckabee.

    At any rate, its misleading on several levels. A rebuttal can be found here:

    Americans For Fair Taxation: A Response to FactCheck.org article "Unspinning the FairTax"

    Factcheck ain't Snopes - unbiased it ain't.

  9. #219
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Maximus Zeebra View Post
    I have heard the super rich gets away with 5% tax if they do it right and exploit all the loopholes, and they can easily afford to do that.
    The richest 1% have an income tax rate of 22.45%, the highest of any group (and almost 9 times the tax rate of the bottom 50%). The richest 0.1%'s income tax rate is slightly lower, at 21.46%

    The Tax Foundation - Summary of Latest Federal Individual Income Tax Data
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  10. #220
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Maximus Zeebra View Post
    I have heard the super rich gets away with 5% tax if they do it right and exploit all the loopholes, and they can easily afford to do that.

    Either way, more or less, the only fair thing is that everyone pays the same % tax.
    You heard? Well, it must be true then.

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