The "FAIR TAX" - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 348 (permalink) Old 11-30-2007, 12:08 AM Thread Starter
RB
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The "FAIR TAX"

Wouldn't you love to abolish the IRS ...
Keep all the money in your paycheck ...
Pay taxes on what you spend, not what you earn ...
And eliminate all the fraud, hassle, and waste of our current system?

Then the FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan, replacing the federal income tax and withholding system with a simple 23 percent retail sales tax on new goods and services. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than six hundred thousand taxpayers signing on in support of the plan.

As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable, and equitable tax collection system. Among other benefits, it will:

* Make America's tax code truly voluntary, without reducing revenue
* Replace today's indecipherable tax code with one simple sales tax
* Protect lower-income Americans by covering the tax on basic necessities
* Eliminate billions of dollars in embedded taxes we don't even know we're paying
* Bring offshore corporate dollars back into the U.S. economy

Endorsed by scores of leading economists and supported by a huge and growing grassroots movement, the FairTax Plan could revolutionize the way America pays for itself. In this straight-talking book, Neal Boortz and John Linder show you how it would work -- and how you can help make it happen.

[quote author=crazyduckme link=topic=177063.msg3770321#msg3770321 date=1282314647]
I told Brandon.... we can try it out once we're married. that's just my rule.

and I dun look mexican, do I?
[/quote]
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post #2 of 348 (permalink) Old 11-30-2007, 12:11 AM
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Re: The "FAIR TAX"

Doesn't seem like a terrible idea, hopefully gas prices would be unaffected by it.

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post #3 of 348 (permalink) Old 11-30-2007, 12:11 AM
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Re: The "FAIR TAX"

sounds okay but - 23 percent retail sales tax on new goods and services - isnt that kinda a lot?



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post #4 of 348 (permalink) Old 11-30-2007, 12:22 AM
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Re: The "FAIR TAX"

yea its alot lol, thats almost a 1/4 what it will cost, and btw this will never happen


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post #5 of 348 (permalink) Old 11-30-2007, 12:26 AM Thread Starter
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Re: The "FAIR TAX"

[quote author=araw at bituin link=topic=95998.msg1886919#msg1886919 date=1196399488]
sounds okay but - 23 percent retail sales tax on new goods and services - isnt that kinda a lot?
[/quote]

You need to read the book to really understand the Fair Tax proposal. Embedded taxes in our current structure, etc.

[quote author=crazyduckme link=topic=177063.msg3770321#msg3770321 date=1282314647]
I told Brandon.... we can try it out once we're married. that's just my rule.

and I dun look mexican, do I?
[/quote]
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post #6 of 348 (permalink) Old 11-30-2007, 12:28 AM Thread Starter
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Re: The "FAIR TAX"

[quote author=willowofwisp link=topic=95998.msg1886956#msg1886956 date=1196400142]
yea its alot lol, thats almost a 1/4 what it will cost, and btw this will never happen
[/quote]

The idea is gaining momentum, so never say never.

[quote author=crazyduckme link=topic=177063.msg3770321#msg3770321 date=1282314647]
I told Brandon.... we can try it out once we're married. that's just my rule.

and I dun look mexican, do I?
[/quote]
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post #7 of 348 (permalink) Old 11-30-2007, 12:44 AM
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Re: The "FAIR TAX"

and what do you mean NEW goods and services? will old goods and services be non taxable?



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post #8 of 348 (permalink) Old 11-30-2007, 01:02 AM
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Re: The "FAIR TAX"

Unfortunately, the effect of that tax system would be that people will be encouraged NOT to buy. And if nobody's buying then businesses will no longer make money and people will lose their jobs. If people don't have jobs, then people will no longer have income. No Income, no spending, no spending, no taxes ... Therefore, we will have total and complete Economy Failure.

It sucks, but this is not an option to replace our current tax system.


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post #9 of 348 (permalink) Old 11-30-2007, 01:05 AM Thread Starter
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Re: The "FAIR TAX"

Erroneous. Read the book, please.

[quote author=crazyduckme link=topic=177063.msg3770321#msg3770321 date=1282314647]
I told Brandon.... we can try it out once we're married. that's just my rule.

and I dun look mexican, do I?
[/quote]
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post #10 of 348 (permalink) Old 11-30-2007, 01:13 AM
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Re: The "FAIR TAX"

[quote author=RB link=topic=95998.msg1887033#msg1887033 date=1196402752]
Erroneous. Read the book, please.
[/quote]

+1


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