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Thread: H R 115: the "fair tax"

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    H R 115: the "fair tax"

    Being considered currently in Congress:

    This bill is a tax reform proposal that imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income and corporate income tax, employment and self-employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2019, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property, for property or services purchased for business, export, or investment purposes, and for state government functions.
    Under the bill, family members who are lawful U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon criteria related to family size and poverty guidelines.
    Opinions?
    Last edited by Dittohead not!; 07-17-17 at 12:09 PM.


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    Re: H R 115: the "fair tax"

    My opinion: a bad idea that cripples the federal government's ability to govern effectively and it is a tax that would harm people with lower income.
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    Re: H R 115: the "fair tax"

    Quote Originally Posted by Dittohead not! View Post
    [COLOR=#333333][FONT=Arial]Being considered currently in Congress:



    Opinions?
    Sound's like a 1% wet dream.
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    Re: H R 115: the "fair tax"

    Quote Originally Posted by Dittohead not! View Post
    [COLOR=#333333][FONT=Arial]Being considered currently in Congress:



    Opinions?
    the usual tax shift to benefit the rich
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    Re: H R 115: the "fair tax"

    Horrible idea. Flat tax has not worked anywhere, where they have tried it... especially on the scale needed here.
    PeteEU

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    Re: H R 115: the "fair tax"

    It's a stepping stone to universal income control. In time, under a system like this, all income would be filtered through the government and individuals would be given vouchers for whatever is deemed a "necessity". We'd be the Soviet Union in a matter of years.

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    Re: H R 115: the "fair tax"

    Quote Originally Posted by Lutherf View Post
    It's a stepping stone to universal income control. In time, under a system like this, all income would be filtered through the government and individuals would be given vouchers for whatever is deemed a "necessity". We'd be the Soviet Union in a matter of years.
    Not to mention the social engineering regarding purchases. Have something "deemed" not socially acceptable, raise the tax on that item, get some good campaign contributions from an industry group, well lower the tax on their products.
    "In all those things which deal with people, be liberal, be human. In all those things which deal with people's money, or their economy, or their form of government, be conservative."

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    Re: H R 115: the "fair tax"

    Quote Originally Posted by Lutherf View Post
    It's a stepping stone to universal income control. In time, under a system like this, all income would be filtered through the government and individuals would be given vouchers for whatever is deemed a "necessity". We'd be the Soviet Union in a matter of years.
    they can do that under the current system.
    right now though.

    the fair tax actually helps working people and lower income people. for poor people they get net income back. they are able to save and possibly invest and on top of that
    they will have their full disposable income.

    they are more apt to buy used items rather than new so they wouldn't pay tax on that either.

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    Re: H R 115: the "fair tax"

    Quote Originally Posted by Winchester View Post
    Not to mention the social engineering regarding purchases. Have something "deemed" not socially acceptable, raise the tax on that item, get some good campaign contributions from an industry group, well lower the tax on their products.
    they already do that now I don't see you complaining. they are called sin taxes.

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    Re: H R 115: the "fair tax"

    Quote Originally Posted by ludin View Post
    they already do that now I don't see you complaining. they are called sin taxes.
    Yes they do already do it but to a limited extent and I can complain about sin taxes if you like. But a "fair tax" (I do so love me Orwellian Doublespeak) opens the door to everything being easily manipulated.
    "In all those things which deal with people, be liberal, be human. In all those things which deal with people's money, or their economy, or their form of government, be conservative."

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