The FairTax

speeddemon · 07-07-2008, 05:34 AM

How many of you have heard about the FairTax. It is a revenue replacement system that would eliminate taxes being taken out of your paycheck. You can check it out here... www.fairtax.org ....Warning! The information you will learn while reading the book on the fairtax will reall make you angry and aware on just how much our government couldnt care less about you. And I welcome any PM's concerning questions about this tax overhaul plan. Do your homework before you make false claims about what the fairtax is, because I have done my homework.

steeltoe · 07-07-2008, 01:51 PM

Glad to see another supporter of this legislation on the board. I have researched a great deal and believe that the system could be great for our country as a whole. Bottom line is the fact that our current system is a disaster and must be fixed.

I have always said that if every person in America had to write a check for their income taxes at the end of the year, instead of it being taken out of your paycheck on a weekly basis, we would have another revolution. Americans have forgotten that this is our earned income, not the governments.

toonertoo · 07-07-2008, 02:57 PM

Wait a minute, I missed the train, Ive been gone a few days.
I love Neal Boortz, and I love the fair tax, I want the fair tax.
Everyone always says, Oh it will be so hard to change.
Well its so screwed up now, with the IRS, why not try it. We could always go back. I want to take my whole paycheck home. Imagine the idiots amongst us who have credit card debt, we could wipe it out in months with our extra income, and fuel the economy.
We could afford gas again.
And the coffers would overflow. With tax dollars!!
I dont think it will ever happen, but I can dream.
The beautiful part, is even the hookers on Main St. would pay taxes. Even the drug dealers, even the illegals who are not (I do realize many are) paying, Everyone would pay, and get rebates up to the poverty level. So the truly poor would still not pay, and the awful rich could get richer, instead of being punished for achieving. And create more jobs for those people in need of a job. Makes sense to me...............

scratch · 07-07-2008, 03:01 PM

I like the FairTax Plan too. But the problem I see is that the politicians are not ever going to vote it in because they will lose power. They enjoy wasting our money, I can't ever see them doing the right thing and giving it up.

UpstateNYUPSer · 07-07-2008, 03:06 PM

I am also a big fan of the Fair Tax plan but also have come to the conclusion that it will never come to fruition.

07-07-2008, 03:22 PM

Quote:

Originally Posted by scratch

I like the FairTax Plan too. But the problem I see is that the politicians are not ever going to vote it in because they will lose power. They enjoy wasting our money, I can't ever see them doing the right thing and giving it up.

You are right about the politicians but you are mistaken about the prospects of the FairTax becoming the practice in the US of A. The reason I say that is there are more people aware of the federal debt and other silliness and more people willing to vote their own members out of office than ever before. I talk to many people who say ,often under their breathe, that we need Bob Barr or Ron Paul as President not more of the same old stuff promoted by the media.
We, together, can help make it happen.
Ken Howe
Clearwater, FL

rushfan · 07-07-2008, 03:40 PM

Same here. I love the idea-many politicians hate it.

upseng · 07-07-2008, 04:20 PM

Hello everyone. First time poster here, have been reading BC for a while though. I love the Fair Tax and I wish we could all be less negative about it becoming a reality. We all just need to speak more with our votes. I know, I know, but I can dream can't I?

toonertoo · 07-07-2008, 04:27 PM

Welcome to brown cafe, great first post, and yes we can vote them out, and get someone in, more people have to care. Unfortunately most people are living paycheck to paycheck, and think their votes dont count. And are too busy surviving to band together and let their voices be heard.

moreluck · 07-07-2008, 04:28 PM

You'd think that anything that totally takes away the IRS would be extremely popular.....or do I have it wrong?

UpstateNYUPSer · 07-07-2008, 04:35 PM

I think one of the problems is not so much the information but the misinformation that is being presented. My son was asking me about it as I have a bumper sticker on my Colorado and when I told him about the 23% sales tax he stopped listening before I had a chance to outline all of the positives. The fact that it is basically a user fee really appeals to me. Plus, it will be so nice not to have to buy the new Turbo Tax each year, keep track of all of my deductions and spend the time preparing my return.

Of course, making a $1,000 purchase and having to pay $1,230 to do so will be a hard thing to get used to at first but when I get to bring home every penny that I earned---priceless.

tieguy · 07-07-2008, 04:36 PM

there is no such thing as a fair tax as long as politicians continue to waste the proceeds.

UpstateNYUPSer · 07-07-2008, 04:37 PM

Quote:

Originally Posted by tieguy

there is no such thing as a fair tax as long as politicians continue to waste the proceeds.

...and therein lies the problem.

drewed · 07-07-2008, 04:39 PM

Quote:

Originally Posted by UpstateNYUPSer

...and therein lies the problem.

run for office then, thats the only way things will ever get changed GRASS ROOTS

UpstateNYUPSer · 07-07-2008, 04:43 PM

Thank you for the compliment, but I will Obama run things for the next 8 years.

toonertoo · 07-07-2008, 04:46 PM

Quote:

Originally Posted by UpstateNYUPSer

Thank you for the compliment, but I will Obama run things for the next 8 years.

But then we will take home even less than now, no worry about that 1200 dollar item, he will spend it for you.

mittam · 07-07-2008, 06:09 PM

GREAT to hear people wanting the fair tax! Hopefully someday some politician will have the intestinal fortitude to get it passed.

tourists24 · 07-07-2008, 06:11 PM

Quote:

Originally Posted by UpstateNYUPSer

Thank you for the compliment, but I will Obama run things for the next 8 years.

Well Ive heard he's a dynamic speaker, so that means he should make a great president.

beentheredonethat · 07-07-2008, 06:22 PM

I'll admit the idea of a sales tax instead of an income tax sounds appealing. However, as others said, I don't see Congress giving up that kind of power. Also, I've never seen a tax go away before. I could see Congress enacting the sales tax and then "slowly" phase out the income tax. But then the next year, they extend the deadline for phasing out the income tax. Before long, we permanently have both the sales and income tax.

av8torntn · 07-07-2008, 06:34 PM

Quote:

Originally Posted by beentheredonethat

Before long, we permanently have both the sales and income tax.

That is the biggest concern that I have about the fair tax.

filthpig · 07-07-2008, 07:20 PM

"Render unto Caesar that which is Caesar's."
Filthpig has spoken.

satellitedriver · 07-07-2008, 07:50 PM

Quote:

Originally Posted by UpstateNYUPSer

...and therein lies the problem.

Exactly, NY.
There in lies the rub.
I look at things from percentages, when it comes to money.
This is to suppose to help the lower class wage earner.
How?
We have a progressive tax structure, the less you make, the less percentage you pay.
The lower wage earner only pays nearly zero( less than 10%) in IRS taxes and has to only has to pay the local county sales tax of(roughly on an average, 8%).
To make the starting point of a "fair tax" at 23% is going to hurt the poorer working class than the present tax structure does.
I have not studied this subject in any depth. I can only look at my personal situation as a UPS driver.
My last filing with IRS for 2007 was $100,000. 00 in personal income.
Straight simple 1040 form, standard deductions. I have no debt and I have no extra deductions, since my wife and I have shut down our side business's.
My effective tax rate paid, due to it being a progressive tax structure, was 13.98%.
I can live with that.
Add the average 8% sales local sales tax to my Federal tax rate and I save 1.2% of my money over the "fair tax".
People will see more in their weekly check, but will give greater pause in spending it when they see a Big Mac and fries costs $10.50.
Less spending equals a slow down in the economy, IMHO.
As to the ability of the politicians being able to spend our money as they wish, well that is another thread.

toonertoo · 07-08-2008, 03:24 AM

The poorer in the country will get what is called a prebate, everyone will get it every month for the amount of sales tax a family of that size will have paid, up to the poverty level, then it ends. Same=Same

Buy a used car, no sales tax, buy a new car pay the tax.
buy a used tv, range, refrigerator, no tax, the tax was paid, how and when you pay tax will be your decision.
Spend 100.00 on groceries, pay 123. But you will have brought your whole paycheck home, not missing that extra 400 every week.
I do not have the book, I have just followed it for years. Check out the website, www.fairtax.org.
I think you will agree when you get the facts.
But yes, the income tax must be rescinded, before it can be passed and that is a large issue.,