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10-20-2013, 08:12 AM
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AKA Sister Mary JJ
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Join Date: May 2009
Location: Upper East Tennessee
Posts: 5,897
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A thread for Dave...
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"Get your facts first, and then you can distort them as much as you please." (Mark Twain)
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10-20-2013, 08:31 AM
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Ready
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Join Date: Oct 2013
Posts: 19,122
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Nice piece of work, that presentation.
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10-20-2013, 08:50 AM
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Senior Member
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Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 8,176
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TP'ers still won't believe it because FOX tells them so.
Barney
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10-20-2013, 08:59 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Let's see; 1976 was given as a year wealth distribution was noticeably more equitable. I remember 1976, it seems to me this country had a lot more industry and strong paying jobs that year than it does now.
So, where is the enduring prosperity for all St. Ronnies "Trickle Down" economics promised?
Could the Gipper have been wrong?
I think so.
Unless todays curve is what he and his ilk had hoped to achieve.
If so, I'd say America would have been better off if not for eight years of Reagans BS and the movement he fostered..........
Have a nice day!
Dave
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"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Last edited by BlueStreak; 10-20-2013 at 09:18 AM.
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10-20-2013, 12:19 PM
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Senior Member
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Join Date: Oct 2011
Location: San Diego via Vermilion Ohio and Points Between
Posts: 11,536
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Hey John how would monthly consumption have been measured if that hare-brained Fair Tax scheme you like so much had been in effect during a government shutdown?
Actually for the Fair Tax to be implemented you would need large governmental intervention in personal lives hitherto never attempted.
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Never was there a time when I did not exist, nor you, nor in the future shall any of us cease to be.
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10-20-2013, 12:26 PM
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AKA Sister Mary JJ
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Join Date: May 2009
Location: Upper East Tennessee
Posts: 5,897
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Ice, monthly consumption would not have to be measured at he personal level. You pay the tax at the retail level for new items only. The retailer then pays the taxes collected to the Federal Govt.
Why would we need "large governmental intervention in personal lives"?
You would get the answers to all of these questions in the FAQ section of the website. Take a few minutes and read it.
__________________
"Get your facts first, and then you can distort them as much as you please." (Mark Twain)
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10-20-2013, 12:35 PM
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Senior Member
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Join Date: Oct 2011
Location: San Diego via Vermilion Ohio and Points Between
Posts: 11,536
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So Biff at the Seven-Eleven enters your purchase of Old English 800 into government data base.......it would have to be tied to your ssn in some fashion. Or when you buy a table at the Ikea store maybe you swipe a national id card with your SSN so the IRS knows what you bought and how much tax you paid?
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Never was there a time when I did not exist, nor you, nor in the future shall any of us cease to be.
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10-20-2013, 01:08 PM
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AKA Sister Mary JJ
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Join Date: May 2009
Location: Upper East Tennessee
Posts: 5,897
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Quote:
Originally Posted by icenine
So Biff at the Seven-Eleven enters your purchase of Old English 800 into government data base.......it would have to be tied to your ssn in some fashion. Or when you buy a table at the Ikea store maybe you swipe a national id card with your SSN so the IRS knows what you bought and how much tax you paid?
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Nope. The tax is not tied to you personally at all. The Feds have no idea what you bought. The tax is built into the price of the item. That's as far as it goes. Retail businesses collect the tax from the consumer, just as state sales tax systems already do in 45 states; the FairTax is simply an additional line on the current sales tax reporting form. Retailers simply collect the tax and send it to the state taxing authority. All businesses serving as collection agents receive a fee for collection, and the states also receive a collection fee. The tax revenues from the states are then sent to the U.S. Treasury. There would be no IRS as we know it. The bill does away with them over a period of time. They would have to hang around long enough to deal with tax cheats left over from out current system.
(Bolded from the site)
Read the FAQs.
__________________
"Get your facts first, and then you can distort them as much as you please." (Mark Twain)
Last edited by JJIII; 10-20-2013 at 01:19 PM.
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10-20-2013, 01:24 PM
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Senior Member
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Join Date: Oct 2011
Location: San Diego via Vermilion Ohio and Points Between
Posts: 11,536
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I think you are describing a Value Added Tax or VAT, which is extremely non-progressive.
__________________
Never was there a time when I did not exist, nor you, nor in the future shall any of us cease to be.
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10-20-2013, 02:46 PM
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AKA Sister Mary JJ
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Join Date: May 2009
Location: Upper East Tennessee
Posts: 5,897
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Quote:
Originally Posted by icenine
I think you are describing a Value Added Tax or VAT, which is extremely non-progressive.
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Once again from the site...
While VATs are also consumption taxes, and better than income taxes, the FairTax is not a VAT. A VAT works very differently. It taxes every stage of production. It is much more complex and is typically hidden from the retail consumer. Second, in industrialized countries that have a VAT, it coexists with high-rate income tax, payroll, and many other taxes that, in some instances, have led to marginal tax rates as high as 70 percent. Third, all other industrialized countries, except Australia and Japan, have a much larger tax burden than the U.S., which requires higher rates and makes tax administration much more difficult. Lastly, a VAT is a lobbyist’s dream, allowing them to install their loopholes unbeknownst to the purchaser. A retail sales tax, in contrast, is a lobbyist’s nightmare, applied as it is under the bright lights of the retail counter."
Are going to make me end up quoting the entire FAQ section? Why are you so averse to reading this for yourself? Go to the FAQ section and click on the questions, the answers are all there.
__________________
"Get your facts first, and then you can distort them as much as you please." (Mark Twain)
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