Flat Tax

[Ga_Gamecock]

whos for it and why?

I like the idea myself ... 17 or 18% across the board, that way no one can bitch about who pays what ... etc

i know its a complicated subject ... who has some insight?

[Jolly Roger]

To be perfectly honest, I have no idea on how to fix it. I think we should have a "Manhattan Project" with all the top economic minds involved and go from there.

[stiffolcock]

fair tax supporter

[SNEEZ]

Fair Tax
X-Z % sales tax (based on product)-BOOOOOOOOOOM

everyone wins.

dug dealers and illegal asholes lose

[Ga_Gamecock]

what about accountants or the entire IRS and tax industry infrastructure?

[SNEEZ]

what about accountants or the entire IRS and tax industry infrastructure?

http://janusmuseum.org/panabasis/capt021.jpg


:lol::rotfl:

[CreoleCock]

I'm for it...


and LoL @ SNEEZ...

[stiffolcock]

http://janusmuseum.org/panabasis/capt021.jpg


:lol::rotfl:
thats funny as hell there.....

[stiffolcock]

what about accountants or the entire IRS and tax industry infrastructure?
evolve, become exceptional accountant for retirements, god knows we need them now. or teach, teach kids responsible financial decision making. i would pay to send any of my kids to that

[ShutTheSuccop]

Fair Tax looks pretty impressive...I knew little about it but read up it and performed a calculation...pretty amazing

[Spur's Addiction]

what about accountants or the entire IRS and tax industry infrastructure?

Eliminated - boom. Let them do something productive.

I agree with it in principle. Provide it is done the right way. Groceries and basic necesities should not be taxed. But I'm sure the politicians will find a way to screw it up.

[Slacker USC]

what about accountants or the entire IRS and tax industry infrastructure?

Implementation of the FairTax doesn't mean complete annihilation of the IRS." Supporters want the IRS to continue collecting income taxes that were due before the adoption of the FairTax since passage of the FairTax shouldn't be viewed as an amnesty for tax cheats.

We know that will have the IRS until 2011 since the FairTax bill states that "appropriations for any expenses of the Internal Revenue Service … for fiscal years after fiscal year 2011 shall not be authorized." But under the FairTax, the IRS will still be with us after 2011 — it will just be called by another name. Title III of the FairTax bill mandates the setting up of an "Excise Tax Bureau" to administer excise taxes not administered by the BATF, and a "Sales Tax Bureau" to administer the national sales tax implemented by the FairTax.

So basically, it'll not only keep the current IRS but will create other massive new tax collection agencies to monitor and audit businesses to ensure collection. Not to mention the "prebate" that will have to be issued to all citizens each month.

I have a huge problem with the so-called-fairtax. I have no problem with simplifying the current code or considering a flat-tax. I have no vested interest in the current code whatsoever, it just doens't take a genius to do a bit of research and poke holes in all the claims. Even the rate is misrepresented, it's actually a 30% tax rate, but they claim 23% because it looks better.

The issue at the heart of all of this should be spending, not revenue. Cut government spending, and we can easily reduce taxes. It's a zero-sum game, and the money has to come from somewhere (eventually).

Great site that debunks many of the fairtax claims.
http://mises.org/story/2961

Bottom line: Is it worth expending so much effort on changing the way the federal government collects taxes instead of changing the amount that the federal government collects in taxes?

[Slacker USC]

I agree with it in principle. Provide it is done the right way. Groceries and basic necesities should not be taxed. But I'm sure the politicians will find a way to screw it up.

Picking apart things not to be taxes is the sure way to make sure it IS NOT done the right way.

The current tax code started as something simple, and as exceptions/deductions/loopholes were added and removed, it just grew and grew.

The only things currently exempted from the fairtax are education and job-related training courses. Since we know how irrational Congress is, who knows what's next...