tag:blogger.com,1999:blog-1114913315450007912.post5257478295902642348..comments2023-10-22T07:06:46.528-04:00Comments on Hello Michigan: Why the BIG push for FairTax?Rosehttp://www.blogger.com/profile/06590050296137331759noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1114913315450007912.post-68879147870910037272009-05-29T08:02:17.911-04:002009-05-29T08:02:17.911-04:00"Income tax advocates look down upon [Rose Lear] w..."Income tax advocates look down upon [Rose Lear] with smug chortling, as [she] is doing their work for them."<br /><br />Come on Ian, you and Daar are just sore because I wouldn't post your prepared rebuttal to Vance's article "FairTax Fraud".<br /><br />What you Fair Taxer's seem to miss is that we have every intention of having the Federal Reserve Act repealed. Let me see, aren't their 179 co-signers on HR 1207 to audit the Fed? That's the first steep. <br /><br />Richard is the only one who gets it. CUT SPENDING. Government doesn't need to be so big.Rosehttps://www.blogger.com/profile/06590050296137331759noreply@blogger.comtag:blogger.com,1999:blog-1114913315450007912.post-12448410601652074452009-05-29T04:21:30.324-04:002009-05-29T04:21:30.324-04:00For years Conservatives have posited that a VAT is...For years Conservatives have posited that a VAT is bad policy, fearing it would become additional to an income tax (it was called a "money machine"). Circa 1980, conservative intellectuals touted <B>Hall-Rabushka "subtraction method"</B>[ <B>H-R</B> ] <B>VAT</B> which taxed business value added at the business side and labor value added at the labor side. Unlike European VATs (identical in scope), H-R became favorite of Dick Armey and Steve Forbes. It eliminated steeply progressive tax rates and tax on savings. Because of the prior VAT criticisms, <B>H-R was packaged as the "flat tax" and is sold as an income tax to this day, rather than the VAT that its DNA characterizes it as being.</B> <br /><br />Some conservative commentators have called for the repeal of the 16th Amendment and for the adoption of the flat tax, (despite the fact that it is styled as a direct tax and could not be adopted with such repeal). Mr. Bartlett has called the national sales tax [ie, the FairTax] a VAT (which it isn't), castigated VATs as evil, and has said that sales taxes have become VATs in Europe (which they didn't). In the next breath, he "throws his arms around" the flat tax (which is a VAT). He quotes Bill Gale that the [FairTax] would have to be imposed at 60 percent, but glaringly fails to recognize that if the two bases are the same, he would have to impose that rate for the flat tax to be revenue neutral. In truth, all economists know that the two plans differ NOT in economic effect or base, but in administration. <br /><br />An income tax taxes savings and investment multiple times. Both flat tax and FairTax are neutral as to savings and investment, tax income only once, and are both consumption taxes. Both are single rate taxes, have nearly the same base, and would improve the U.S. standard of living. Neither redistributes wealth.<br /><br />[T]he flat tax taxes value added at each stage in the production process, but <B>the FairTax prefers to tax it when it is added up at the end and eliminate the need to make everyone a taxpayer and collector</B>.<br /><br />Substantive commonalities between the flat tax and FairTax doesn't mean that there are NO key political and policy distinctions that could be exploited in pitting one against the other...<br /><br /><I>• The flat tax will make small firms and farmers pay the tax <B>even if they have no profit</B> <br />• The flat tax is opposed by many small business groups <br />• The flat taxers implicitly support big government by disguising even more of the overall tax burden as the current law <br />• The flat tax has been kicking around for nearly 20 years <br />• The flat tax makes everyone a taxpayer and collector, while <B>the FairTax exempts 115 million filers</B> [2000 figure] from ever having to deal with the IRS <br />• The flat tax is regressive, but <B>the FairTax would enable everyone to keep his full paycheck</B>. <br />• The flat tax has not only stalled, it has lost public and Congressional support. <br />• The FairTax is instantly understood, while even some proponents of the flat tax don’t understand it <br />• There are no transition rules developed for the flat tax and they would be very difficult to craft <br />• The flat tax taxes exports and relieves imports from tax <br />• The flat tax confuses tax reform with temporary tax reduction and makes both twice as hard <br />• The flat tax <B>retains the entire income tax apparatus which erodes as quickly as you can say, “tax bill”</B></I>[I]n the battle for tax reform, <B>the real enemy is our current system</B>.<br /><br />Income tax advocates look down upon [Rose Lear] with smug chortling, as [she] is doing their work for them. The IRS and the liberals who want an income tax to ensure (1) taxes can be raised <B>without the American people knowing it</B>, and (2) wealth can be redistributed from the middle class to the poor, do not even need to fight us - we're killing ourselves!<br /><br /><I>( <B><A HREF="http://snipr.com/mastroflatvsfair" REL="nofollow">Source</A></B> - Addit'l at FairTax.org <B><A HREF="http://snipr.com/fairvsflat" REL="nofollow">Whitepaper</A></B> - May republish in whole or part. - Ian)</I>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114913315450007912.post-48056348847580574182009-05-29T01:01:15.237-04:002009-05-29T01:01:15.237-04:00If the FairTax is revenue neutral, meaning bringin...If the FairTax is revenue neutral, meaning bringing in the same about of money in taxes, then how could this be an economic stimulus? We'll still be being taxed that same about. It doesn't matter how they collect the money, they shouldn't be collecting it to begin with.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1114913315450007912.post-20178428262647963872009-05-28T23:53:25.358-04:002009-05-28T23:53:25.358-04:00I agree with Richard, that the Fair Tax Plan or th...I agree with Richard, that the Fair Tax Plan or the tax structure is a separate issue from the unconstitutional destructive spending by the Feds including the Reserve. <br /><br />The difference between the Fair Tax and the Flat tax is with the flat tax we keep the same corrupt Washington lobbyist tax loopholing even though the flat tax is claimed to remain so. <br /><br />The income tax, all payroll tax, corporate tax, near all tax we have today ends up hidden in the cost of American products. Continuing with these taxes will leave in place as the penalty excise tax on domestic manufacturing making for unfair free trade. <br /><br />The Fair Tax will eliminate all the hidden tax in domestic production making American manufacturing more able to compete with imports thus a renewal of jobs in America which is what is needed to eliminate all this socialism demand which will finish us off. Fair Tax is our saving economic plan and returning to the respect of the constitution as written is our saving grace to return our properity in liberty and freedom of the indivdual.RGeorgeDunnhttps://www.blogger.com/profile/09241829225646333052noreply@blogger.comtag:blogger.com,1999:blog-1114913315450007912.post-12661678873712181662009-05-28T11:20:10.660-04:002009-05-28T11:20:10.660-04:00The big push for the FairTax is about being "reven...The big push for the FairTax is about being "revenue neutral". At least that's what they said when I was debating them in the Bush days. The founder of the FairTax movement is an ex-Federal Reserve chairman or something. I'd need to look it up again. So there is a fundamental difference in opinion here. FairTax aims to remain revenue neutral, but make you feel like some positive change has happened whereas people like yourself wish to cut the revenue coming into the government.Anonymousnoreply@blogger.com