why is the fairtax wrong?

[spivey378]

need to argue with some huck supporter. isnt it double taxation?

 

[Lord Xar]

why don't you just bring up his amnesty positions, his dishonesty, the fact he put arkansas in shambles, his tax raising..

taxhikemike.org

http://www.mises.org/story/1814
http://www.mises.org/story/1975


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[sirachman]

I don't see why it is, however there are MANY other things you can slam a huckchuck supporter on.. stick with those.

 

[brianbb98]

because its a tax on things we dont need and should be paying for. like dr paul said.. he wants a flat tax... a really flat tax.... nothing.

 

[ronpaulfollower999]

need to argue with some dumb huck supporter. isnt it double taxation?

There is no such thing as fair tax, sense taxing is unfair.

 

[Adamsa]

Huckabee's history will destroy him.

 

[garrettwombat]

fair tax isnt wrong.. but its not that great either... paul already said he would vote for it if it came to the floor in congress as an alternative to what we have now... so i wouldnt try to argue that its wrong... but i would make it a statement that what ron paul advocates is way better... and to understand that... i hope you understand his plan for the irs and taxation and the inflation tax.. yada yada...

 

[madRazor]

In theory, it seems sound. Much better than the current system.

But it is also meant to be 'revenue-neutral', just shifting the entire tax payment to the point of purchase of new retail goods. But it hides the real issue: that our large government stays just as large. So in and of itself, without government cuts, it won't accomplish much at all.

I would be fine with a fair tax system after RP hacks up the government, so that the effective rate would be more like 10%.

Ask the Huck supporter why Huckabee doesn't want to CUT taxes, but just shift them around..

 

[kotetu]

The problem with Huck's idea is that he does not want to abolish the income tax, he wants to ADD a national sales tax. Doing that means we will be taxed for producing and taxed for consuming.

FYI, an EXCISE tax, which is what Ron Paul says is good enough to support the government, is essentially, a sales tax.

If Huck wants to support a national sales tax, that's fine with me, but he had BETTER also support abolishing all forms of the income tax!

 

[twister5400]

this is why fairtax is wrong... my family is in the homebuilding business... the fairtax calls for a sales tax on new goods, and not for used goods...

if you bought your house before the fairtax was implemented, you are in a great spot... if you try to build a new home or for that matter a new business afterwards, get ready to add a 23% sales tax to the house... that could range anywhere from $20k- millions in extra costs... we would most likely have to shut the doors to our construction company, and go bankrupt...

that's my personal problem with it.

 

[twister5400]

it puts a damper on any new construction....

 

[Kap]

need to argue with some dumb huck supporter. isnt it double taxation?

Not sure if it's been posted before, but try this. Huckabee's fair tax will fail to help the economy. The value of the dollar is plummeting, which is something he's in denial about.

You can get rid of the IRS, even place a fair tax in order to fix it, but until the value of the dollar is addressed we're all going to hell anyway. Ron Paul understands this, Huckabee doesn't.

 

[JordanL]

need to argue with some dumb huck supporter. isnt it double taxation?

Actually I like it better than what RP advocates. It also makes a tad more sense historically and Constitutionally.

That's not the subject you should argue with a Huck supporter about.

EDIT: Please note, the FAIR Tax and the gold standard are not mutually exclusive. I'd like both, please.

 

[garrettwombat]

you guys make fair tax seem like its horrible... its not horrible... you get FREE healthcare, FREE medication, and a lot of other FREE services..
at the same time, you can get around paying taxes by not buying new goods... go to used furnature outlets, buy a used car... its not that bad and paul would back it up if it came to the floor....

its just that its not solving the problem, its only making it a little better...

ron paul will solve the problem all together... ron paul will have to cut a lot of government programs to be able to do what he is saying he wants to do... all huckabee has to do is end the irs and increase sales taxes.

iv been to australia and they use the fairtax system and its not that bad... but at the same time its not constitutional just like the IRS, so which would you rather have

FAIRTAX: increase all your spending by 23%

NOTAX: gain a couple extra grand in your pocket every year.

 

[asdf]

Its a horrible idea, heres why:

If every US good and service was taxed 26%, that would cause a collapse of our currency.

Who would want dollars if they were suddenly worth 26% LESS?

Your savings would suddenly buy 26% less goods and services, the same savings you ALREADY paid income tax on.

Not to mention FOREX traders would go mad and make the USD worthless.

 

[MGreen]

The fairtax is great - but I'd rather have a 1 or 2% national sales tax than a 23% sales tax.

Seriously, how is "the fairtax can replace the income tax!" better than "let's get rid of the income tax all together"?

 

[garrettwombat]

It a horrible idea, heres why:

If everything good and service was taxed 26% in the US, that would cause a collapse of our currency.

if thats true than how do so many countries around the world succesfully have a fair tax and have an excellent economy, and a stable currency? plus better healthcare.

 

[JordanL]

It a horrible idea, heres why:

If everything good and service was taxed 26% in the US, that would cause a collapse of our currency.

Who would want dollars if they were suddenly worth 26% LESS?

FOREX traders would go mad and make the USD worthless.

You completely misunderstand what the FAIR tax is. It doesn't just aboloish the Income tax, like RP want to. It abolishes ALL taxes... death taxes, gift taxes, income taxes, payroll taxes, corporate taxes, excise taxes... everything.

Corporate taxes account for almost 30% of most companies overall costs, allowing a free market which is something that most RP supporters like, to lower the pre-tax costs due to decreased pressure from the top via government taxes on corporations. It's unlike a VAT in that it would cost a corporation literally no taxes to make something in the US and export it oversees, which would help our import/export ratio a bunch.

The FAIR tax doesn't just raises costs 26%, it also raises income about 35% and lowers overhead about 30%. It makes it free to invest and save money, something that every free trade American should believe in.

And if RP gets rid of as much government as he wants to, there's no reason that the tax would need to be as high as 26%. With the kind of spending RP wants to reduce, we could probably skate by with as little as 15% or so, maybe even less.

if thats true than how do so many countries around the world succesfully have a fair tax and have an excellent economy, and a stable currency? plus better healthcare.

Other countries have a VAT tax, not a FAIR tax. They are different in that a VAT is a production tax while a FAIR tax is a consumption tax. Basically you are taxed on what you use, not what you make.

 

[kotetu]

this is why fairtax is wrong... my family is in the homebuilding business... the fairtax calls for a sales tax on new goods, and not for used goods...

if you bought your house before the fairtax was implemented, you are in a great spot... if you try to build a new home or for that matter a new business afterwards, get ready to add a 23% sales tax to the house... that could range anywhere from $20k- millions in extra costs... we would most likely have to shut the doors to our construction company, and go bankrupt...

that's my personal problem with it.

To add $1 million in tax (23%) the cost of the home would have to start at $4,347,826. If you can afford a $4.5 million dollar home, you can afford a $5.5 million dollar home.

The people who make enough money to buy a $4 million dollar home are guys like Arnold Schwarzenegger who make $30 million a year and pay $10 million in tax. Sounds like he would have saved about $4.5 million. I think he'd have very little problem with that.

Remember guys, the fundamental difference in taxing consumption instead of production is that taxing consumption encourages you to save, while taxing production DISCOURAGES you from producing.

 

[fedup100]

READ THE CONSTITUTION!! It is real simple. No man shall be taxed on his labor.

Fair tax my arse. If they get that through, you wait, it will be at 50% of your income or more as time goes by.