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It would be hard to do #2 after you've done #1.
That is why I like the Fair Tax plan.
With NO cost to businesses (income taxes, SS, Medicare, capital gains, etc.)
There will be a explosion of investment and foreign companies moving to the US.
Current US companies currently have around $2 to $3 Trillion dollars sitting overseas that is not coming back to the US because of the "triple" taxes they would incur.
This alone would increase federal revenue.
Plus, we would widen the tax base to illegal jobs (drug dealers, theft, etc.) and to foreign visitors and tourist.
More investment
More jobs
More people paying taxes
More government revenue
How much will prices increase under this plan?
That is why I like the Fair Tax plan.
With NO cost to businesses (income taxes, SS, Medicare, capital gains, etc.)
There will be a explosion of investment and foreign companies moving to the US.
Current US companies currently have around $2 to $3 Trillion dollars sitting overseas that is not coming back to the US because of the "triple" taxes they would incur.
This alone would increase federal revenue.
Plus, we would widen the tax base to illegal jobs (drug dealers, theft, etc.) and to foreign visitors and tourist.
More investment
More jobs
More people paying taxes
More government revenue
How much will prices increase under this plan?
None!
We replace the embedded cost of the current tax code (income tax, payroll taxes, SS, capital gains, etc.) that are added to all products a services (about 22% give or take) and replace it with a one time embedded tax of 23%.
Plus, no more income tax forms and billions of dollars lost paying for accountants to figure it all out.
Read up on it...And let me know what you think.
Americans For Fair Taxation
How much will prices increase under this plan?
None!
We replace the embedded cost of the current tax code (income tax, payroll taxes, SS, capital gains, etc.) that are added to all products a services (about 22% give or take) and replace it with a one time embedded tax of 23%.
Plus, no more income tax forms and billions of dollars lost paying for accountants to figure it all out.
Read up on it...And let me know what you think.
Americans For Fair Taxation
We replace the embedded cost of the current tax code (income tax, payroll taxes, SS, capital gains, etc.) that are added to all products a services (about 22% give or take) and replace it with a one time embedded tax of 23%.
So my take home pay increases and the things I buy don't increase?
YOu want to eliminate all taxation while you live?
How about imposing a 100% inheritence tax on everybody at death?
It's entirely FAIR, isn't it?
100% Fair, but 100% stupid, is probably what you are thinking, right?
That's exactly what most of us think about the "FAIR" FLAT TAX, too.
YOu want to eliminate all taxation while you live?
How about imposing a 100% inheritence tax on everybody at death?
It's entirely FAIR, isn't it?
100% Fair, but 100% stupid, is probably what you are thinking, right?
That's exactly what most of us think about the "FAIR" FLAT TAX, too.
YOu want to eliminate all taxation while you live?
How about imposing a 100% inheritence tax on everybody at death?
It's entirely FAIR, isn't it?
100% Fair, but 100% stupid, is probably what you are thinking, right?
That's exactly what most of us think about the "FAIR" FLAT TAX, too.
OK...then the current 70,000 pages of the income tax code is the best tax system?
Sad
YOu want to eliminate all taxation while you live?
How about imposing a 100% inheritence tax on everybody at death?
It's entirely FAIR, isn't it?
100% Fair, but 100% stupid, is probably what you are thinking, right?
That's exactly what most of us think about the "FAIR" FLAT TAX, too.
OK...then the current 70,000 pages of the income tax code is the best tax system?
Sad
Nice try lad, but I am not responsible for defending things I clearly did NOT say.
We do not live in a world where we have ONLY two choices as it regards taxation.
I can loath the current tax system we have without therefore concluding that another proposed system "Fair Tax" must be the only alternative.
