tag:blogger.com,1999:blog-1250195226200160668.post2255309177570028706..comments2023-07-07T04:02:25.375-04:00Comments on Sane Political Discourse: The FairTax PrimerPatrick Mhttp://www.blogger.com/profile/16377933168305160179noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-1250195226200160668.post-55953885462093022362009-10-09T16:18:30.111-04:002009-10-09T16:18:30.111-04:00Toad: Yes, until it passes and we're free of ...Toad: Yes, until it passes and we're free of government oppression and manipulative theft.<br /><br />Saty: I refer you back to my answer to Tao. In short, enforcement becomes easier because there are 50 states motivated to collect money, and fewer targets. Will it get rid of cheats, no. But it will become much harder.<br /><br />101: I won't wear out. But I'm not going to be able to cover everything in a couple of posts. The FairTax site is much more comprehensive.<br /><br />And yes, you'll still have to pay state and local taxes. those don't change. Just the federal tax burden.Patrick Mhttps://www.blogger.com/profile/16377933168305160179noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-17930731135997034402009-10-08T17:38:15.720-04:002009-10-08T17:38:15.720-04:00It has me $320 less with the "fair tax."...It has me $320 less with the "fair tax." Is that with still paying state and local sales taxes though? And local property taxes also? <br /><br /> Need more info. I'll look at that site instead of wearing you out Patrick.Joe "Truth 101" Kellyhttps://www.blogger.com/profile/08875151516978133598noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-39321765997740437102009-10-08T17:22:57.125-04:002009-10-08T17:22:57.125-04:00I know what you mean Sati but scumbags and cheats ...I know what you mean Sati but scumbags and cheats will always be among us. You gotta move on.Joe "Truth 101" Kellyhttps://www.blogger.com/profile/08875151516978133598noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-21289833859061037682009-10-08T16:08:16.470-04:002009-10-08T16:08:16.470-04:00I still think the black market, which is alive and...I still think the black market, which is alive and well on a good day, would burgeon into a huge underground system.<br /><br />Tax evasion is an American tradition, going back to telling King George to stuff it. It's practically a hobby for some people, and the more money you make, the better you are at it.<br /><br />Every system that can be abused, will be abused, and if the government is putting all its revenue eggs in one basket, any rocking of the nest will have potentially dire consequences.<br /><br />You may feel that it won't be much and the government can keep up on it, but people are unbelievably creative when motivated and huge black markets exist now that operate perfectly successfully. People will find ways to undermine and get around something like this, and the government won't have anything else to fall back on.Satyavati devi dasihttps://www.blogger.com/profile/13980257934310271457noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-18177812912811075392009-10-08T14:38:32.994-04:002009-10-08T14:38:32.994-04:00101: Did you use the FairTax calculator, or your o...101: Did you use the <a href="http://www.fairtax.org/site/PageServer?pagename=calculator" rel="nofollow">FairTax calculator</a>, or your own calculations?<br /><br />On there, when I first ran my numbers, I was breaking even. Now, even with the assumptions adjusted down, I'm making out better. If you want to go over specific numbers, we can work it out over email (in lieu of you putting your personal info out here). I might actually put some numbers based on averages just to show the results.<br /><br />And another advantage of the FairTax (since you brought up you pet cause) is that it would make it easier to finance things like Mediscare, Social inSecurity, and your dreadful single-government-payer system. <br /><br />Beth: They'll have to find meaningful work. Luckily, they're intelligent and detail-oriented people.<br /><br />Tao: <a href="http://www.fairtax.org/site/PageServer?pagename=about_faq_answers#48" rel="nofollow">Here's the long answer</a>.<br /><br />The short answer is that you have state tax collections being able to easily look at the relatively small number of businesses (as compared to the number of individuals) and find those who are trying to evade their taxes (because that would be against the law).<br /><br />Dmarks: Are you agreeing with or mocking Tao? I'm not really sure, thus the lack of commentage. :)Patrick Mhttps://www.blogger.com/profile/16377933168305160179noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-72949687616424092452009-10-08T12:16:58.197-04:002009-10-08T12:16:58.197-04:00Why not? So many businesses incorporate as LLC/etc...Why not? So many businesses incorporate as LLC/etc that would not otherwise, in order to get more protection from the possibility of frivolous lawsuits.dmarkshttps://www.blogger.com/profile/07269773990064736457noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-62726417863722545402009-10-08T08:45:53.693-04:002009-10-08T08:45:53.693-04:00If businesses do not pay taxes then just incorpora...If businesses do not pay taxes then just incorporate yourself and your family and you can live tax free!<br /><br />An LLC or S Corp for every family!TAOhttps://www.blogger.com/profile/11452702225885449029noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-50663604585558585412009-10-07T21:51:11.951-04:002009-10-07T21:51:11.951-04:00What are you going to do with all the idle tax acc...What are you going to do with all the idle tax accountants and tax lawyers?Bethhttps://www.blogger.com/profile/04069893764658122257noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-77946431323749756972009-10-07T17:56:59.142-04:002009-10-07T17:56:59.142-04:00I'm probably wearing out your hit counter toda...I'm probably wearing out your hit counter today Patrick but I needed to keep coming back to read the fair tax proposal.<br /><br /> According to my rough calculations my family would be paying app. 3 grand a year more under the fair tax. I'm including in what I pay now all sales tax. Property tax and Social Security. <br /><br /><br /> I figured the 23% sales tax you cited in addition to state sales tax because I have no reason to think states and localities will give that up which made the fair sales tax rate 32%. At least where I live.<br /><br /><br /> If I'm figuring wrong let me know. I don't want to argue if my nombers are bogus. I'm all for relieving businesses that create jobs tax burden. As I am relieving them of the burden of employee health insurance which a single payer plan like I've advocated would do. (Had to get that in there.)Joe "Truth 101" Kellyhttps://www.blogger.com/profile/08875151516978133598noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-52419209039154883452009-10-07T15:57:58.554-04:002009-10-07T15:57:58.554-04:00101: The simple answer would be no. However, the...101: The simple answer would be no. However, the more complex answer would be this: businesses don't pay taxes. They turn taxes into expenses, and add the expense to the price of the item. This is called an embedded tax.<br /><br />What the FairTax does is consolidate all these hidden taxes into one rate that you can see on your receipt. So businesses, who previously passed on the taxes and their associated costs, do not have to deal with the shell game of taxes. This means more opportunities for productivity, expansion, and more jobs.<br /><br />Jenn: If you're on board, then spread the word! The more people that can talk about this, the closer we are to passing it.Patrick Mhttps://www.blogger.com/profile/16377933168305160179noreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-45592585060276152492009-10-07T15:06:56.065-04:002009-10-07T15:06:56.065-04:00It sounds perfectly rational to me Patrick, I'...It sounds perfectly rational to me Patrick, I'm sold. I'm sure there will be someone that will come along and tell you the error of this plan, but it won't be me!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1250195226200160668.post-65681191962463663392009-10-07T15:01:41.698-04:002009-10-07T15:01:41.698-04:00Do businesses also pay the fair tax on purchases o...Do businesses also pay the fair tax on purchases or just individuals?Joe "Truth 101" Kellyhttps://www.blogger.com/profile/08875151516978133598noreply@blogger.com