Showing posts with label Fair Tax. Show all posts
Showing posts with label Fair Tax. Show all posts

Sunday, September 23, 2007

FAIR TAX AIN'T FAIR EITHER?

FAIR TAX AIN'T FAIR EITHER?
Real Tax Reform Please

Though it is true our present tax code is convoluted and far too high I see nothing fair-minded about the proposed ‘fair tax’ either. Both are a rouĂ©!
Americans For Fair Taxation.org wish to levy a tax that collects 23 cents on every dollar spent is outrageous....Do they realize how many times a single dollar exchanges hands every day? Or how many times a single product changes hands every day as well?

Let us compare their idea this way....... Keeping in mind the Gross National Income indicates the majority of citizens earn $39,452.74 per lets go shopping.....A purchase of $10.00 worth of groceries would need an additional $2.30 to cover the Federal ‘fair tax’ plus a city sales tax of 7 or 8 cents per one dollar as well. That almost equals the price of a gallon of milk or one gallon of gasoline?

....or how about considering $100.00 of groceries purchased gleans $31.00 in Federal ‘fair tax’ and the city tax making the total tax equal a half of a tank of gasoline.....

....to say nothing of all the middle men who touch a product each paying said per dollar....No Thank You. There is nothing fair here. The Americans For Fair Taxation.org still grows the government richer while hurting more citizens.

We do not even know the effect this Federal ‘fair tax’ will have on the Gross National Product (GND)....which under the present horrible income tax shows the GNP per capita $.84 per $1.00. The ‘fair tax’ supporters made no mention of city, school districts, county and state property taxes which must also be subtracted from ones annual income.

Though I certainly want a well staffed and funded federal government we must remember we Republicans expect both tax cuts and cuts in government spending regardless of the tax collection system used. However taxes to fund said must be fair to everyone.......Were they suggesting a quarter of a cent on $10.00 spent perhaps I might consider their arrogance.....

....the ‘fair tax” flaunted implication is that one could spent as much as or as little as one wanted but I fear that attitude in its self has the potential to decrease the economy's growth quite rapidly. That is not fair either.

Think less tax – Less control - Less government spending – with fewer programs funded by all government agencies...including state, county and city....

....not less spending by our citizenry but less taxation!

Written by river west, iFrist Volunteer Leader

Friday, September 7, 2007

THE FAIR TAX - BRUCE BARTLETT IS AT IT AGAIN

Ok, all you supporters of the fair tax. Bruce Bartlett, the guy who attacked the Fair Tax a few weeks ago with his op-ed in the Wall Street Journal is at it again. As you may recall, I asked all of you to vote on whether you favored the fair tax or not. Almost 250 of you responded, which is pretty good for my new blog just getting started. Now Mr. Bartlett has a another article, this time in the New Republic. He starts out really attacking the Church of Scientology, then toward the end of the op-ed he again attacks the Fair Tax. What I would like for all of you to do is read his op-ed in the New Republic, and then leave a comment here. I will wait a few days, then forward those comments directly to Mr. Bartlett or a publication that will do so.

Monday, August 27, 2007

NEAL BOORTZ RESPONDS TO BARTLETT

Neal Boortz has responded to the column in the Wall Street Journal by Bruce Bartlett entitled "Fair Tax, Flawed Tax". Boortz makes several important points rebutting what Bartlett had to say. Read his entire article, and let me know what you think.

Sunday, August 26, 2007

THE FAIR TAX

I must admit that I have never really understood how the Fair Tax could benefit the average American. Sure, I want to see the Internal Revenue Code simplified. But I'm not sure that the Fair Tax is the answer. The Wall Street Journal has a thoughtful editorial by Bruce Bartlett in which Mr. Bartlett argues that the Fair Tax is a flawed tax. According to Mr. Bartlett legislation has already been introduced in Congress to implement the Fair Tax. Under this legislation, a rate of 23% would be utilized. Mr. Bartlett argues that the Fair Tax rate is not 23%. He also argues that the Federal government would have to pay taxes on itself on all of its purchases of goods and services, as would state and local governments. According to Mr. Bartlett, Congress's Joint Committee on Taxation, in a 2000 estimate , found that the tax-inclusive rate would have to be 36% and the tax exclusive rate would be 57%. What do you think? Do you favor the Fair Tax?