The Fair Tax Primer

[Muhammed]

I believe we should repeal income taxes and enact a Fair Tax.

I believe consumption taxes are superior to taxes on production.

At the same time, I acknowledge a sales tax is regressive.

There are at least two big advantages to a sales tax, however. First, everyone has to pay it. Second, it is a lot harder to hide a tax hike.

You want to give free puppies to hookers? Fine, we'll raise the sales tax to pay for that.

Say what!?!

Suddenly, people won't be so quick to give away taxpayer dollars any more. The days of "gimme gimme gimme, and make that guy over there pay for it" will end. A hike in the Fair Tax will affect everyone!


The Fair Tax is a kind of sales tax, however it attempts to mitigate the regressive nature of a sales tax with a "prebate".

Each month, every adult American would receive a stipend which would offset the tax on things we all have to buy to survive. The prebate would be the same for everyone. A person in abject poverty gets the same prebate as Bill Gates.

That, in a nutshell, is the Fair Tax.

In subsequent posts, I will discuss some of the difficulties in implementing the Fair Tax. But let's get the ball rolling with your thoughts first.

The huge problem with every "Fair Tax" proposal I've seen is that they are all very regressive.

Regressive taxes fuck poor people and foster bloody revolution.

As I have already explained, the regressive nature of a sales tax is mitigated by the prebate in the Fair Tax.

Dude, "prebate" isn't even a word.

 

[g5000]

The Fair Tax bill was sponsored by Rep. Woodall, Rob [GA-07].


Here are the co-sponsors:

Rep. Bilirakis, Gus M. [R-FL-12]* 01/03/2017
Rep. Bridenstine, Jim [R-OK-1]* 01/03/2017
Rep. Brooks, Mo [R-AL-5]* 01/03/2017
Rep. Carter, John R. [R-TX-31]* 01/03/2017
Rep. Collins, Doug [R-GA-9]* 01/03/2017
Rep. Conaway, K. Michael [R-TX-11]* 01/03/2017
Rep. Culberson, John Abney [R-TX-7]* 01/03/2017
Rep. DesJarlais, Scott [R-TN-4]* 01/03/2017
Rep. Duncan, John J., Jr. [R-TN-2]* 01/03/2017
Rep. Foxx, Virginia [R-NC-5]* 01/03/2017
Rep. Franks, Trent [R-AZ-8]* 01/03/2017
Rep. Graves, Sam [R-MO-6]* 01/03/2017
Rep. Graves, Tom [R-GA-14]* 01/03/2017
Rep. Issa, Darrell E. [R-CA-49]* 01/03/2017
Rep. King, Steve [R-IA-4]* 01/03/2017
Rep. Lucas, Frank D. [R-OK-3]* 01/03/2017
Rep. Massie, Thomas [R-KY-4]* 01/03/2017
Rep. Mullin, Markwayne [R-OK-2]* 01/03/2017
Rep. Olson, Pete [R-TX-22]* 01/03/2017
Rep. Pearce, Stevan [R-NM-2]* 01/03/2017
Rep. Poe, Ted [R-TX-2]* 01/03/2017
Rep. Roe, David P. [R-TN-1]* 01/03/2017
Rep. Sanford, Mark [R-SC-1]* 01/03/2017
Rep. Walberg, Tim [R-MI-7]* 01/03/2017
Rep. Yoho, Ted S. [R-FL-3]* 01/03/2017
Rep. Young, Don [R-AK-At Large]* 01/03/2017
Rep. Emmer, Tom [R-MN-6]* 01/03/2017
Rep. Ratcliffe, John [R-TX-4]* 01/03/2017
Rep. Hice, Jody B. [R-GA-10]* 01/03/2017
Rep. Loudermilk, Barry [R-GA-11]* 01/03/2017
Rep. Carter, Earl L. "Buddy" [R-GA-1]* 01/03/2017
Rep. Chabot, Steve [R-OH-1]* 01/03/2017
Rep. Bishop, Rob [R-UT-1]* 01/03/2017
Rep. Posey, Bill [R-FL-8]* 01/03/2017
Rep. Gaetz, Matt [R-FL-1] 01/10/2017
Rep. Hensarling, Jeb [R-TX-5] 02/13/2017
Rep. Farenthold, Blake [R-TX-27] 03/01/2017
Rep. Garrett, Thomas A., Jr. [R-VA-5] 03/13/2017
Rep. Banks, Jim [R-IN-3] 03/27/2017
Rep. Wittman, Robert J. [R-VA-1] 04/14/2017
Rep. Flores, Bill [R-TX-17] 04/14/2017
Rep. Duncan, Jeff [R-SC-3] 06/28/2017
Rep. DeSantis, Ron [R-FL-6] 07/11/2017
Rep. Long, Billy [R-MO-7] 07/19/2017
Rep. Marchant, Kenny [R-TX-24] 07/28/2017
Rep. Ferguson, A. Drew, IV [R-GA-3]

Gonna' have a hard time passing that without bipartisan support which it will never get.

I think if the American people were more educated on the subject of taxation, they would cry out for this. We need a grass roots movement, and some leadership with balls.

I'm actually working on a book which will have a whole chapter devoted to taxation.

 

[Some Guy]

I never thought of that.

Interesting!

You don't read your own links?

Everyone Pays Their Fair Share

Tax evasion and the underground economy cost each taxpayer an additional $2,500 every year! But by taxing new products and services consumed, the FairTax puts everyone in the country at the same level at the cash register. Further, only legal residents are eligible for the prebate.

 

[g5000]

I believe we should repeal income taxes and enact a Fair Tax.

I believe consumption taxes are superior to taxes on production.

At the same time, I acknowledge a sales tax is regressive.

There are at least two big advantages to a sales tax, however. First, everyone has to pay it. Second, it is a lot harder to hide a tax hike.

You want to give free puppies to hookers? Fine, we'll raise the sales tax to pay for that.

Say what!?!

Suddenly, people won't be so quick to give away taxpayer dollars any more. The days of "gimme gimme gimme, and make that guy over there pay for it" will end. A hike in the Fair Tax will affect everyone!


The Fair Tax is a kind of sales tax, however it attempts to mitigate the regressive nature of a sales tax with a "prebate".

Each month, every adult American would receive a stipend which would offset the tax on things we all have to buy to survive. The prebate would be the same for everyone. A person in abject poverty gets the same prebate as Bill Gates.

That, in a nutshell, is the Fair Tax.

In subsequent posts, I will discuss some of the difficulties in implementing the Fair Tax. But let's get the ball rolling with your thoughts first.

The huge problem with every "Fair Tax" proposal I've seen is that they are all very regressive.

Regressive taxes fuck poor people and foster bloody revolution.

As I have already explained, the regressive nature of a sales tax is mitigated by the prebate in the Fair Tax.

Dude, "prebate" isn't even a word.

Neither were "photobomb" or "vape" until recently.

 

[g5000]

I never thought of that.

Interesting!

You don't read your own links?

Everyone Pays Their Fair Share

Tax evasion and the underground economy cost each taxpayer an additional $2,500 every year! But by taxing new products and services consumed, the FairTax puts everyone in the country at the same level at the cash register. Further, only legal residents are eligible for the prebate.

I guess that didn't jump out at me.

I suppose that would be a YUGE selling point with Trumpies!

 

[HappyJoy]

The Fair Tax bill was sponsored by Rep. Woodall, Rob [GA-07].


Here are the co-sponsors:

Rep. Bilirakis, Gus M. [R-FL-12]* 01/03/2017
Rep. Bridenstine, Jim [R-OK-1]* 01/03/2017
Rep. Brooks, Mo [R-AL-5]* 01/03/2017
Rep. Carter, John R. [R-TX-31]* 01/03/2017
Rep. Collins, Doug [R-GA-9]* 01/03/2017
Rep. Conaway, K. Michael [R-TX-11]* 01/03/2017
Rep. Culberson, John Abney [R-TX-7]* 01/03/2017
Rep. DesJarlais, Scott [R-TN-4]* 01/03/2017
Rep. Duncan, John J., Jr. [R-TN-2]* 01/03/2017
Rep. Foxx, Virginia [R-NC-5]* 01/03/2017
Rep. Franks, Trent [R-AZ-8]* 01/03/2017
Rep. Graves, Sam [R-MO-6]* 01/03/2017
Rep. Graves, Tom [R-GA-14]* 01/03/2017
Rep. Issa, Darrell E. [R-CA-49]* 01/03/2017
Rep. King, Steve [R-IA-4]* 01/03/2017
Rep. Lucas, Frank D. [R-OK-3]* 01/03/2017
Rep. Massie, Thomas [R-KY-4]* 01/03/2017
Rep. Mullin, Markwayne [R-OK-2]* 01/03/2017
Rep. Olson, Pete [R-TX-22]* 01/03/2017
Rep. Pearce, Stevan [R-NM-2]* 01/03/2017
Rep. Poe, Ted [R-TX-2]* 01/03/2017
Rep. Roe, David P. [R-TN-1]* 01/03/2017
Rep. Sanford, Mark [R-SC-1]* 01/03/2017
Rep. Walberg, Tim [R-MI-7]* 01/03/2017
Rep. Yoho, Ted S. [R-FL-3]* 01/03/2017
Rep. Young, Don [R-AK-At Large]* 01/03/2017
Rep. Emmer, Tom [R-MN-6]* 01/03/2017
Rep. Ratcliffe, John [R-TX-4]* 01/03/2017
Rep. Hice, Jody B. [R-GA-10]* 01/03/2017
Rep. Loudermilk, Barry [R-GA-11]* 01/03/2017
Rep. Carter, Earl L. "Buddy" [R-GA-1]* 01/03/2017
Rep. Chabot, Steve [R-OH-1]* 01/03/2017
Rep. Bishop, Rob [R-UT-1]* 01/03/2017
Rep. Posey, Bill [R-FL-8]* 01/03/2017
Rep. Gaetz, Matt [R-FL-1] 01/10/2017
Rep. Hensarling, Jeb [R-TX-5] 02/13/2017
Rep. Farenthold, Blake [R-TX-27] 03/01/2017
Rep. Garrett, Thomas A., Jr. [R-VA-5] 03/13/2017
Rep. Banks, Jim [R-IN-3] 03/27/2017
Rep. Wittman, Robert J. [R-VA-1] 04/14/2017
Rep. Flores, Bill [R-TX-17] 04/14/2017
Rep. Duncan, Jeff [R-SC-3] 06/28/2017
Rep. DeSantis, Ron [R-FL-6] 07/11/2017
Rep. Long, Billy [R-MO-7] 07/19/2017
Rep. Marchant, Kenny [R-TX-24] 07/28/2017
Rep. Ferguson, A. Drew, IV [R-GA-3]

Gonna' have a hard time passing that without bipartisan support which it will never get.

I think if the American people were more educated on the subject of taxation, they would cry out for this. We need a grass roots movement, and some leadership with balls.

I'm actually working on a book which will have a whole chapter devoted to taxation.

Eh, I have different views on taxation. This would only shift the tax burden further on the poor where everyone would pay the same tax rate. The rich could easilfy of course afford this so there spending most likely wouldn't change by much. The poor on the other hand would spend less and I think that would have an impact on the economy.

It's just not for me.

 

[C_Clayton_Jones]

First cut BLOATED government spending then we can talk about taxes.

Start with the Pentagon.

 

[Geaux4it]

First cut BLOATED government spending then we can talk about taxes.

Start with the Pentagon.

Without the Pentagon, we would not be here to discuss squat

-Geaux

 

[Some Guy]

Gonna' have a hard time passing that without bipartisan support which it will never get.

True. The modern left doesn't like the idea of having to spend their own money on the things that they want while the republicans have too many powerful types in their pockets giving them breaks using the convoluted system we have today.

 

[g5000]

First cut BLOATED government spending then we can talk about taxes.

Start with the Pentagon.

Raise the Social Security and Medicare eligibility age to 70, and index the age to 9 percent of the population going forward.

 

[HappyJoy]

First cut BLOATED government spending then we can talk about taxes.

Start with the Pentagon.

Without the Pentagon, we would not be here to discuss squat

-Geaux

Thank god nobody offered to blow it up.

 

[g5000]

Gonna' have a hard time passing that without bipartisan support which it will never get.

True. The modern left doesn't like the idea of having to spend their own money on the things that they want while the republicans have too many powerful types in their pockets giving them breaks using the convoluted system we have today.

Wow. That's exactly right.

The Republicans are the biggest culprits when it comes to sneaking tax expenditures into the tax code. Bigly.

The Democrats buy votes by giving away freebies, and then expect "the rich" to foot the bill.

 

[HappyJoy]

Gonna' have a hard time passing that without bipartisan support which it will never get.

True. The modern left doesn't like the idea of having to spend their own money on the things that they want while the republicans have too many powerful types in their pockets giving them breaks using the convoluted system we have today.

I think a lot of people don't think the poor should be paying the same tax rate as a millionaire. Shifting the tax burden to poorer Americans (including the middle class) doesn't really help anyone that I can see.

 

[C_Clayton_Jones]

The Military/Industrial Complex- the ultimate sacred cow.

 

[Some Guy]

Eh, I have different views on taxation. This would only shift the tax burden further on the poor where everyone would pay the same tax rate. The rich could easilfy of course afford this so there spending most likely wouldn't change by much. The poor on the other hand would spend less and I think that would have an impact on the economy.

It's just not for me.

Did you miss the part about the prebate, which would ensure that the poor pay $0 in taxes for necessities?

I'd be curious as to what your views on taxation are. Sounds like you're really only concerned with taking as much from the rich via taxes as possible while probably acknowledging that the same rich are the ones that have the current politicians who make tax law to their benefit in their pockets. If so, well then, color me confused.

 

[HappyJoy]

Eh, I have different views on taxation. This would only shift the tax burden further on the poor where everyone would pay the same tax rate. The rich could easilfy of course afford this so there spending most likely wouldn't change by much. The poor on the other hand would spend less and I think that would have an impact on the economy.

It's just not for me.

Did you miss the part about the prebate, which would ensure that the poor pay $0 for necessities?

I'd be curious as to what your views on taxation are. Sounds like you're really only concerned with taking as much from the rich via taxes as possible while probably acknowledging that the same rich are ones that have the current politicians who make tax law to their benefit in their pockets. If so, well then, color me confused.

How generous. You're still shifting the tax burden down to poorer Americans and away from those that can easily afford to pay a higher rate. I don't see an advantage here other than offering to streamline filing taxes.

 

[Some Guy]

How generous. You're still shifting the tax burden down to poorer Americans and away from those that can easily afford to pay a higher rate. I don't see an advantage here other than offering to streamline filing taxes.

So the issue for you isn't so much that people should be in control of how much taxes they pay via how much they choose to consume. It's really about taxing the rich cause they're rich.

The rich are the ones that are buying a whole bunch of shit, be it in their personal lives or as part of expanding their business. The only way they could avoid having to pay oodles of taxes still would be to not spend their money in a somewhat proportionate rate to what they make.

 

[ThoughtCrimes]

I believe we should repeal income taxes and enact a Fair Tax.

I believe consumption taxes are superior to taxes on production.

At the same time, I acknowledge a sales tax is regressive.

There are at least two big advantages to a sales tax, however. First, everyone has to pay it. Second, it is a lot harder to hide a tax hike.

You want to give free puppies to hookers? Fine, we'll raise the sales tax to pay for that.

Say what!?!

Suddenly, people won't be so quick to give away taxpayer dollars any more. The days of "gimme gimme gimme, and make that guy over there pay for it" will end. A hike in the Fair Tax will affect everyone!


The Fair Tax is a kind of sales tax, however it attempts to mitigate the regressive nature of a sales tax with a "prebate".

Each month, every adult American would receive a stipend which would offset the tax on things we all have to buy to survive. The prebate would be the same for everyone. A person in abject poverty gets the same prebate as Bill Gates.

That, in a nutshell, is the Fair Tax.

In subsequent posts, I will discuss some of the difficulties in implementing the Fair Tax. But let's get the ball rolling with your thoughts first.

Where is the work around the wealth donors, manufacturers, etc who actually own (lobby) Congress and the State governments? They just luv them deductions! Not that the flat tax you describe would be a terrible thing in most instances, but who is looking out for whom? Especially with the recent explosion of swamp creatures as of late!

Also, is industry to be paying the tax on their purchases of raw and semi-finished goods? If the income tax is repealed, how would that indirect tax be collected from businesses? Or is the plan for business to go untaxed and the complete burden of Federal taxation with the end of the direct tax to be placed on the shoulders of the individual consumer? How much would the price of a new car rise? How negatively would this new tax impact the sales of ALL high priced goods. How about service companies? Doctors, Lawyers and Indian Chiefs don't sell goods, but they would be collecting taxes under those "no exemption" requirements on the outgoing side of the equation, neh?

If I could be convinced that special interests and Congress would be barred from fiddling with the basics like with Amendment XVI with rates and conditions left to the whim of the lobbyists and tribalists of the R & D persuasion, it could be made workable, but only with an absolute non-partisan approach!

 

[HappyJoy]

How generous. You're still shifting the tax burden down to poorer Americans and away from those that can easily afford to pay a higher rate. I don't see an advantage here other than offering to streamline filing taxes.

So the issue for you isn't so much that people should be in control of how much taxes they pay via how much they choose to consume. It's really about taxing the rich cause they're rich.

Oh, this is about freedom, huh? I don't have any kids I have no problems with others deducting their own, it makes sense to me. I have no problem with the poor paying zero income taxes (not talking payroll here) as it's not easy not having money, been there it sucks. I have no problems with people writing off their education expenses. You lose all of that when you go to a flat tax and the burden isn't equal, only the percentages.

I have nothing against rich people, I've had years where I've had to pay a lot of taxes and I've had years where I've had huge tax rebates such as last year for my home solar system. Nobody ever went broke paying taxes....unless they didn't pay them.

The rich are the ones that are buying a whole bunch of shit, be it in their personal lives or as part of expanding their business. The only way they could avoid having to pay oodles of taxes still would be to not spend their money in a somewhat proportionate rate to what they make.

They'll pay less as a percentage since they won't pay any taxes on money they don't spend and they have a lot of that.

I can understand reviewing and removing unnecessary tax write offs or those that don't benefit society I just think a progressive tax system is the fairest.

 

[bendog]

The Fair Tax bill was sponsored by Rep. Woodall, Rob [GA-07].


Here are the co-sponsors:

Rep. Bilirakis, Gus M. [R-FL-12]* 01/03/2017
Rep. Bridenstine, Jim [R-OK-1]* 01/03/2017
Rep. Brooks, Mo [R-AL-5]* 01/03/2017
Rep. Carter, John R. [R-TX-31]* 01/03/2017
Rep. Collins, Doug [R-GA-9]* 01/03/2017
Rep. Conaway, K. Michael [R-TX-11]* 01/03/2017
Rep. Culberson, John Abney [R-TX-7]* 01/03/2017
Rep. DesJarlais, Scott [R-TN-4]* 01/03/2017
Rep. Duncan, John J., Jr. [R-TN-2]* 01/03/2017
Rep. Foxx, Virginia [R-NC-5]* 01/03/2017
Rep. Franks, Trent [R-AZ-8]* 01/03/2017
Rep. Graves, Sam [R-MO-6]* 01/03/2017
Rep. Graves, Tom [R-GA-14]* 01/03/2017
Rep. Issa, Darrell E. [R-CA-49]* 01/03/2017
Rep. King, Steve [R-IA-4]* 01/03/2017
Rep. Lucas, Frank D. [R-OK-3]* 01/03/2017
Rep. Massie, Thomas [R-KY-4]* 01/03/2017
Rep. Mullin, Markwayne [R-OK-2]* 01/03/2017
Rep. Olson, Pete [R-TX-22]* 01/03/2017
Rep. Pearce, Stevan [R-NM-2]* 01/03/2017
Rep. Poe, Ted [R-TX-2]* 01/03/2017
Rep. Roe, David P. [R-TN-1]* 01/03/2017
Rep. Sanford, Mark [R-SC-1]* 01/03/2017
Rep. Walberg, Tim [R-MI-7]* 01/03/2017
Rep. Yoho, Ted S. [R-FL-3]* 01/03/2017
Rep. Young, Don [R-AK-At Large]* 01/03/2017
Rep. Emmer, Tom [R-MN-6]* 01/03/2017
Rep. Ratcliffe, John [R-TX-4]* 01/03/2017
Rep. Hice, Jody B. [R-GA-10]* 01/03/2017
Rep. Loudermilk, Barry [R-GA-11]* 01/03/2017
Rep. Carter, Earl L. "Buddy" [R-GA-1]* 01/03/2017
Rep. Chabot, Steve [R-OH-1]* 01/03/2017
Rep. Bishop, Rob [R-UT-1]* 01/03/2017
Rep. Posey, Bill [R-FL-8]* 01/03/2017
Rep. Gaetz, Matt [R-FL-1] 01/10/2017
Rep. Hensarling, Jeb [R-TX-5] 02/13/2017
Rep. Farenthold, Blake [R-TX-27] 03/01/2017
Rep. Garrett, Thomas A., Jr. [R-VA-5] 03/13/2017
Rep. Banks, Jim [R-IN-3] 03/27/2017
Rep. Wittman, Robert J. [R-VA-1] 04/14/2017
Rep. Flores, Bill [R-TX-17] 04/14/2017
Rep. Duncan, Jeff [R-SC-3] 06/28/2017
Rep. DeSantis, Ron [R-FL-6] 07/11/2017
Rep. Long, Billy [R-MO-7] 07/19/2017
Rep. Marchant, Kenny [R-TX-24] 07/28/2017
Rep. Ferguson, A. Drew, IV [R-GA-3]

Gonna' have a hard time passing that without bipartisan support which it will never get.

Not necessarily. The dems want soc sec and medicare. With the current leadership in both parties it's a no go though