Posted by moy23 on 6/28/2014 12:43:00 PM (view original):
Posted by bad_luck on 6/28/2014 11:42:00 AM (view original):
Posted by moy23 on 6/28/2014 5:38:00 AM (view original):
Posted by bad_luck on 6/27/2014 11:30:00 PM (view original):
I don't really care about enforcement. I quoted that line to show that rent would be taxed. 30 cents for every dollar
so what - so will housekeepers, personal chefs, and au pairs.... your point? get a roommate - you are poor. problem solved. Your $1000 rent which would now be $1230 / 2 with a roommate is $615 per person.....and each person gets a $210 prebate.
Family of 4 kids - can't get a roommate - your $1230 rent is offset with a $749 monthly prebate. By used clothes for the kids, etc at 0% and you'll be better off here than if you were getting taxed 15% from your payroll on every dollar and then retaxed between 7-50% in sales taxes when you spend that money.
Putting that last scenario in real numbers...
$749 prebate
-$230 rent tax
=$519 left over.... Buy used clothes furniture etc at 0%
Leaves you with enough money to buy $2256 ($519/.23) in food, smokes, and gas without paying a single cent in taxes.
I don't even spend $2256 monthly on gas and food.... Not even close. In this scenario this family of 4 could truly have a negative tax rate, meaning less than 0%. Nowhere can you get that now. So if you truly advocate for the poor you can now clearly see how this plan is better for them than anything we have today.
i take it you choose the democratic states of america, right?
Problem solved? No, not really. There's a reason the fair tax isn't taken seriously, it's a joke.
It's a 30% (not 23) tax on everything that not only increases the tax burden on the poor, it leaves government revenue way short. The WaPo analysis found that we'd need a sales tax rate above 40% to match revenue, assuming that people didn't find ways to avoid the tax.
The fair tax is a gift to upper bracket taxpayers. Don't be so gullible.
Its 23%. If you by something for $1 you tack on 23 cents.
I get that you can play tricks with the #s but quite frankly that's just stupidity at its best. Chicago has a 12% sales tax but I don't try and flip that number around to try and inflate it to make a point.
The fair tax is not taken seriously because it severely limits the ways that politicians/lobbyists can manipulate the tax code for personal gains. That's why its not taken seriously. BP enjoys the tax break they get... So do many other companies.
Again, I don't care if it helps the upper tax brackets as long as it also helps the lower tax brackets. The fair tax helps everyone.... And that's a good thing, unless of course you hate the rich.
Sorry, but that is incorrect. It is a 30% tax. Look it up.
They use the 23% line to garner more support and to more adequately equate it to "tax rate" currently being paid on income.
If you purchase something for $77, add the 30% tax ($23) = $100.
So they say you pay $23 OUT OF EVERY $100 spent. Which is more easily comparable to an income tax rate, where a 25% tax bracket has you paying $25 out of every $100 earned.