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 Tangentspund rated 33 months ago- Most people who I've seen oppose the fair tax idea are CPA's. I don't know enough about this to say that it's a bad idea, but I do know enough about the current tax situation to know that it is PATHETIC!
One persons argument for opposing this "What about a multi-milliona...
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36 Reviews
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- tjphillips rated 7 months ago
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This is really the answer.
- RoadGeek rated 21 months ago
- Excellent!!!
 educazione rated 23 months ago- I have not read the book by Boortz and Linder but the information I have been able to find on it and this supposed "fair" tax says this concept of a national sales tax is severely flawed. The biggest issues seem to be the rather overly optimistic assumptions made by the authors regarding the benevolence of American business people and the calculations used to determine the sales tax rates. The idea that corporations will voluntarily hand over 7.65% raises to all employees and gleefully pass on the corporate tax savings to consumers is not born out by history. The assumption that all people will continue to purchase exactly as they do now and be honest about paying their taxes is also not supported by the literature. Far too rosy a picture is painted of human nature and far too little attention is paid to the costs if the rosy predictions do not come true.
My personal concern is that this plan seems to trade the existing tax dodges for new ones on the consumption side of the equation. Everyone currently tries to pressure the tax codes to their benefit and this "fair" plan already sets forth exemptions for certain groups and individuals. For example, a "new" home would be subject to the tax but not a "used" home. This clearly favors the person who owns an existing home and creates a serious problem for the construction industry building new homes.
Continuing with the issue of "new" homes versus "used" ones, purchases by businesses for their own use would not be taxed. Given these rules, how do we tax the materials used to remodel a "used" home purchased by a contractor for renovation and then resale? The contractor's materials would be considered for his own use and the building would still be considered "used" so who pays the taxes on the materials?
I would love to see our current tax system fixed to get rid of all the loopholes that exist but a national sales tax as proposed by this group does not make sense to me. I will accept the possibility that changing the basis for taxation from income to consumption might work but this plan is not sound enough to be the foundation for that conversion.
- zenetik rated 24 months ago
- What is great about the idea of a "Fair Tax" is that it actually could work -- and be fair! It's troubling that the best tax system is the one that people know the least about, while the most inefficient, unfair and irresponsible system is the one currently in use and constantly being modified by Congressional representatives that know virtually nothing about fiscal responsibility and financial management.
- anneliese rated 29 months ago
- It looks interesting.
- tomspro rated 24 months ago
- The cynic in me says it will never happen, but we sure as hell need to try! Join the movement to trash the current system.
- mkirkp44 rated 25 months ago
- The only thing that bothers me about this idea is that I can't find anything wrong with it. I think its about time we give the IRS an enema.
- helldogmusic rated 31 months ago
- http://www.fairtax.org
About the ONLY thing that makes sense...
- Mr-Eclecticity rated 30 months ago
- I'm all for this, especially after reading the Boortz book. Before you call this "regressive" or "un"fair, you'd better check out the facts on both sides. Read the book, make up your mind, avoid the liberal knee jerk.
- tortdog rated 31 months ago
- Site for advocates to remove the income tax (and the IRS) and replace it with a simple sales tax. It really is the most efficient way to tax.
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