House to vote on Consumption Tax and abolish the IRS

[Blues Man]

The reason for the prebate is because a sales tax is regressive. The prebate covers the tax on necessities, and everyone gets the same prebate amount regardless of their income.

It makes no sense to charge X% and then give some of that money back to people just charge a lower rate to begin with and skip the extra step and the costs associated with it.

 

[g5000]

Only fair if progressive.

Everyone pays the same tax rate. The prebate offsets the regressive nature of a sales tax.

 

[g5000]

It makes no sense to charge X% and then give some of that money back to people just charge a lower rate to begin with and skip the extra step and the costs associated with it.

You are clearly not understanding the regressive nature of a sales tax.

 

[Blues Man]

A sales tax is not progressive. In fact, it is regressive. Everyone pays the same tax on their purchases.

When everyone pays the same rate the tax is not regressive it it fair and equal treatment under the law.

 

[g5000]

you only pay that income tax if you don't sell at a loss.

You always take a risk of a loss when you buy stocks.

 

[Blues Man]

Everyone pays the same tax rate. The prebate offsets the regressive nature of a sales tax.

A lower rate without the monthly welfare check would accomplish the same thing.

 

[g5000]

When everyone pays the same rate the tax is not regressive it it fair and equal treatment under the law.

You are wrong. When everyone pays the same sales tax, it is by nature a regressive tax. The tax takes a larger proportion of the income of the poor.

Thus the prebate.

 

[Blues Man]

You always take a risk of a loss when you buy stocks.

Irrelevant you don't pay income tax on a loss. So the sales tax would not be comparable to the capital gains tax

 

[CarsomyrPlusSix]

And let the show begin!.... marching bands... circus clowns... come one come all and watch the show!!

This has about as much chance as getting anywhere as a vote to cut their own salaries.
It might get 100 votes overall.

Excellent bill proposal. Glad to see Congress doing something correct for a change.

Should come with a Constitutional Amendment proposal to overturn the 16th so the income tax can’t come back.

 

[g5000]

A lower rate without the monthly welfare check would accomplish the same thing.

No, it would not.

Is Sales Tax Regressive? [Infographic]

Sales tax is considered a regressive tax. Find out what this means, and how the poor share an unfair burden, with this brand new sales tax infographic.

www.accuratetax.com

 

[Blues Man]

You are wrong. When everyone pays the same sales tax, it is by nature a regressive tax. The tax takes a larger proportion of the income of the poor.

Thus the prebate.

Yeah that's what you people say I call it punishing those who make more money.

 

[g5000]

Excellent bill proposal. Glad to see Congress doing something correct for a change.

Should come with a Constitutional Amendment proposal to overturn the 16th so the income tax can’t come back.

Actually, it would be far more important to enact legislation forbidding any exemptions to the Fair Tax or we will be right back where we started.

 

[there4eyeM]

So you want everyone to have access to your income records? I don't. The possibility for fraud is far too high

See post # 117. No details are necessary, merely the category of tax the employer(s) pay the person. When the person consumes, the tax percentage corresponds. It isn't that complicated, but it is certainly more fair.

 

[Blues Man]

No, it would not.

Is Sales Tax Regressive? [Infographic]

Sales tax is considered a regressive tax. Find out what this means, and how the poor share an unfair burden, with this brand new sales tax infographic.

www.accuratetax.com

Of course it would.

If you are going to pay 500 a month in sales tax then get a 250 dollar welfare check you still paid 250 in sales taxes

So just charge 250 and skip the welfare check

 

[g5000]

Yeah that's what you people say I call it punishing those who make more money.

That's because you are innumerate.

 

[Blues Man]

See post # 117. No details are necessary, merely the category of tax the employer(s) pay the person. When the person consumes, the tax percentage corresponds. It isn't that complicated, but it is certainly more fair.

No thanks.

 

[Blues Man]

That's because you are innumerate.

No it's because progressive taxes are by definition unfair.

 

[there4eyeM]

You are wrong. When everyone pays the same sales tax, it is by nature a regressive tax. The tax takes a larger proportion of the income of the poor.

Thus the prebate.

Yes, regressive taxes = poor pay for the rich.

 

[Blues Man]

Yes, regressive taxes = poor pay for the rich.

Nope.

Equitable taxes means everyone actually pays a fair share.

 

[g5000]

No it's because progressive taxes are by definition unfair.

The Fair Tax is not a progressive tax. You are posting out of your ass, as you obviously don't know a thing about the Fair Tax.