LOOK: Huckabee Pushes National Sales Tax in NH

[strategos]

The FairTax is a horrible idea. It doesn't actually get rid of the IRS, it might change their name, but that's it. Also no one is exempt, people below the national poverty level, around $20,000, get a check every month to make up for it. Every one above that line pays the same amount in sales tax, 23%, which in my state would mean something around 30% on top of the actual price.

More shocking is it actually negates tax exempt status for NPOs. Churches would have taxes tacked on to everything they sell.

It actually would severely cut taxes for the rich and raise them exponentially for the middle class.

Also, if I understand this correctly, you have to file your taxes every month as opposed to every year. There is just nothing good about the FairTax and Huckabee's rhetoric indicates he knows it won't be popular to talk about the FairTax in depth. The FairTax won't hurt the poor, it won't hurt the rich, but it will wreck havoc on the middle class.

Oh no, not the churches!

 

[Mesogen]

So now when I buy a new car, for $30k, I pay $6,900 in tax...and then pay 4,5,6....10% interest over 4 years on that extra $6,900?

NO THANKS!

1. Don't buy new cars
2. Don't finance a car

That won't stop the national sales tax, but you won't be overpaying for a car, then paying interest on top of that.

Ever listen to Dave Ramsey? He's right.

 

[Mesogen]

Churches are exempt from sales taxes now. I don't think that'll change.

 

[Mesogen]

Sales Tax in NH??? Ahhh Haaaa Haaa Haa

Granite heads pay hefty property taxes in order to avoid the sales and income taxes. Here comes this southern preacher with the bright idea of ramming a national sales tax down their throats.

Save your air fare Huskster. You will loose big up here.

This is why Huck would never win Tennessee. I loved the no income tax there. They HATE taxes there. Candidates live or die based on their tax policies there.

 

[Naraku]

Churches are exempt from sales taxes now. I don't think that'll change.

Right now it's a state sales tax, the FairTax would not give them exemption.

 

[T206]

1. Don't buy new cars
2. Don't finance a car

That won't stop the national sales tax, but you won't be overpaying for a car, then paying interest on top of that.

Ever listen to Dave Ramsey? He's right.

Ramsey is right for some people. I own a $20k Honda civic that I put a ton of miles on. If I bought a used car, Id just have to buy another one sooner.

 

[Soccrmastr]

Huckabee will do bad in NH

 

[Aldanga]

Ramsey is right for some people. I own a $20k Honda civic that I put a ton of miles on. If I bought a used car, Id just have to buy another one sooner.

But you can save several thousand dollars by buying a car with a couple thousand miles. It's better in the long haul.


This is going to kill Huckleberry's chances in NH. It really is.

 

[krott5333]

But you would have more money in the bank.

It's a neat little proposal, and an improvement over the current system, but I prefer tax cuts.

More money in the bank? As it sits in the bank, even if you're making 5% interest (which is very rare of course), your money is still worth less because of runaway spending and inflation.

Its probably better to spend your money as soon as you get it, because its going to lose value everyday;

 

[ItsTime]

Huck pushing sales tax in a state with NO INCOME and NO SALES tax... good idea... LMAO

 

[smartguy911]

National Sales Tax will ruin our business big time. 23% is really insane. Imagine $50 + $11.5 tax = $61.50. Economy is already slowing and a $11.50 tax on the receipt will turn everyone away. :-( It's the psychology of it.

Just yesterday, paid $5 for gallon of milk, it used to $2.50 something. :-(