I still think that RP's 0% flat tax is far superior. It relies on CUTTING SPENDING, which is what we really need.
This is the only fair tax I support.
I still think that RP's 0% flat tax is far superior. It relies on CUTTING SPENDING, which is what we really need.
Don't believe all the misinformation people are toughing against the FairTax. If it were to be implimented as the bill is written it would be an awesome improvement.
Critics always say the rate is 30% instead of 23% to scare people. Both figures are technically correct and the only difference is that the 23% figure is if you calculate the tax "inclusively" (after the purchase) and the 30% figure is if you calculate the tax "exclusively" (before the purchase). If people are going to cry foul about using the "inclusive" method of calsulation then you have to be fair and use that same logic on out current income tax, because it is currently calculated "inclusively". That is specifically why the are using the same method for the FairTax.
Listen, we can't whine and complain around here about the way the media misleads the public on Ron's positions and then do the same thing on other candidates postions. Especially on a pretty good proposal like the FairTax. http://www.fairtax.org/site/News2?news_iv_ctrl=1541&page=NewsArticle&id=8248
Of course someone like Huckabee should not be trusted to guide the FairTax into law. But those critizisms should rest on the flaws of Huckabee not the flaws of the FairTax.
I repeat, the current income tax is calculated in the same way as the FairTaxe's inclusive rate.
everyone gets the prebate. its the amount of tax that you would spend up the the poverty level. So if the poverty level is 20K (pulling numbers out my ass) then everyone would get a check for the tax on 20K
This comment is particularly disappointing to find on a Ron Paul message board because if you should immediately understand that corporations don't set the prices. The market does. It's not that they wouldn't want to pad their prices, its that the laws of economics makes it impossible. Have we learned nothing about economics from Ron Paul?
This is how I understand it. Feel free to correct me if I'm wrong.
The Fairtax charges all purchases at a very high rate. So if you are a low-income family, your grocery bill could shoot up to $130 from $100 (maybe $140 with local taxes). That would really hurt families. Also, even church items are taxable - so much for separation of church and state. What I see is the FairTax hurting a lot of low-income families, seniors, churches and non-profits. Big Business will not be effected whatsoever.
Wrong. The FairTax is only on new products, never on used product. This way, everything is taxed only once. Unlike now were stuff is taxed at every stage (when we profit from reselling a product, while earning the money, while investing the money, while inheriting the money, while manufacturing a product, while running a business which makes product which in turn makes the products more expensive, etc.)
Let's see... what do I want... new 30,000 car plus 10,000 tax.. or slightly used car for 28,000 and no tax? Or 20,000 dollar car and no tax?
New 100,000 car and 33,000 in taxes? Or used car for 90,000?
This "FairTax" is another amazing chapter how people can believe anything.