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<blockquote data-quote="bacha29" data-source="post: 5670451" data-attributes="member: 58386"><p>Then why should the public bonds and the liability that goes with them be dumped onto the guy who can't afford to go to the game.?</p><p></p><p>And your so called "Fair Tax"?</p><p>Even if in the unlikely event a "Fair Tax' bill even makes it into congressional committee before it can even get out of committee here are the kinds of questions that will require answers:</p><p></p><p>1. What will the setup costs be for an entirely new system of taxation?</p><p>2. What will the collection enforcement costs be and what percentage of the total Fair Tax liability can the enforcement network</p><p> be able to collect 70%....50%....30%?</p><p>3. If the 23% VAT tax fails to fully replace dollar for dollar the eliminated revenue streams, when the proponents said it will what </p><p> options will Congress have at it's disposal to make up the shortfall when 71% of all federal spending is mandated by law and </p><p> there's no going back to the old system></p><p>4. When you slap a 23% surcharge on medical supplies and equipment what impact will it have on healthcare spending </p><p> including Medicare?</p><p> </p><p>5. What impact will the elimination of the tax deduction incentive have on charitable giving and the charities ability to care for </p><p> the needy?</p><p>6. What impact will the elimination of the tax deduction incentive have on churches and the humanitarian causes they serve </p><p> both here and abroad? </p><p></p><p>I'm certain Wally that you took all of these matters into consideration before coming out in support of a VAT tax. So tell us</p><p>your solutions to these troubling questions.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5670451, member: 58386"] Then why should the public bonds and the liability that goes with them be dumped onto the guy who can't afford to go to the game.? And your so called "Fair Tax"? Even if in the unlikely event a "Fair Tax' bill even makes it into congressional committee before it can even get out of committee here are the kinds of questions that will require answers: 1. What will the setup costs be for an entirely new system of taxation? 2. What will the collection enforcement costs be and what percentage of the total Fair Tax liability can the enforcement network be able to collect 70%....50%....30%? 3. If the 23% VAT tax fails to fully replace dollar for dollar the eliminated revenue streams, when the proponents said it will what options will Congress have at it's disposal to make up the shortfall when 71% of all federal spending is mandated by law and there's no going back to the old system> 4. When you slap a 23% surcharge on medical supplies and equipment what impact will it have on healthcare spending including Medicare? 5. What impact will the elimination of the tax deduction incentive have on charitable giving and the charities ability to care for the needy? 6. What impact will the elimination of the tax deduction incentive have on churches and the humanitarian causes they serve both here and abroad? I'm certain Wally that you took all of these matters into consideration before coming out in support of a VAT tax. So tell us your solutions to these troubling questions. [/QUOTE]
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