Moderator: Andrew
Seven Wishes wrote:"Abysmal? He's the most proactive President since Clinton, and he's bringing much-needed change for the better to a nation that has been tyrannized by the worst President since Hoover."- 7 Wishes on Pres. Obama
S2M wrote:Those voting NO...please explain....
artist4perry wrote:S2M wrote:Those voting NO...please explain....
The federal government is already taking too much and spending is out of control..............How will the poor survive it? Have you ever thought of that? So many are unemployed and cannot make it now as it is. What happens when they get their hands on more money? They need more................they want more..............and they pass legislation to get more. Don't give me it is all Bush's fault agenda. Yes he started the whole ugly mess, and he was an idiot.............but why did they continue doing more of the same crap, why follow the behavior of an idiot? Greed. Look how much pork is attatched to every blamed bill! Money for earth worm studies and other useless pocket lining garbage that is killing our country and draining it totally dry.![]()
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conversationpc wrote:I've been a supporter of the Fair Tax for a few years now...
First off, the proposed rate is 23%. This would eliminate all other federal taxes and you would have no deductions from your check. That means most people's income would go up by about the same amount as the taxes they would be paying when they purchase goods and services. People would also get a monthly prebate check equivalent to the fair tax amount paid on essential goods and services up to the poverty level. This essentially eliminates the tax burden for the poor.
In my opinion, it would stimulate tons of economic growth and still be able to fund our government at current spending levels. Their official web site can answer the questions better than me, though... http://www.fairtax.org/site/PageServer? ... aq_answers
artist4perry wrote:conversationpc wrote:I've been a supporter of the Fair Tax for a few years now...
First off, the proposed rate is 23%. This would eliminate all other federal taxes and you would have no deductions from your check. That means most people's income would go up by about the same amount as the taxes they would be paying when they purchase goods and services. People would also get a monthly prebate check equivalent to the fair tax amount paid on essential goods and services up to the poverty level. This essentially eliminates the tax burden for the poor.
In my opinion, it would stimulate tons of economic growth and still be able to fund our government at current spending levels. Their official web site can answer the questions better than me, though... http://www.fairtax.org/site/PageServer? ... aq_answers
What will keep the rate from hiking when the Medical stuff starts coming to a pocketbook near you? And the stimulus bill, and the other new stimulus bill they want..................I hate congress.
conversationpc wrote:artist4perry wrote:conversationpc wrote:I've been a supporter of the Fair Tax for a few years now...
First off, the proposed rate is 23%. This would eliminate all other federal taxes and you would have no deductions from your check. That means most people's income would go up by about the same amount as the taxes they would be paying when they purchase goods and services. People would also get a monthly prebate check equivalent to the fair tax amount paid on essential goods and services up to the poverty level. This essentially eliminates the tax burden for the poor.
In my opinion, it would stimulate tons of economic growth and still be able to fund our government at current spending levels. Their official web site can answer the questions better than me, though... http://www.fairtax.org/site/PageServer? ... aq_answers
What will keep the rate from hiking when the Medical stuff starts coming to a pocketbook near you? And the stimulus bill, and the other new stimulus bill they want..................I hate congress.
From what I understand, it requires an amendment to the constitution to enact it. I'm not sure on the requirements for changing the rate.
artist4perry wrote:conversationpc wrote:artist4perry wrote:conversationpc wrote:I've been a supporter of the Fair Tax for a few years now...
First off, the proposed rate is 23%. This would eliminate all other federal taxes and you would have no deductions from your check. That means most people's income would go up by about the same amount as the taxes they would be paying when they purchase goods and services. People would also get a monthly prebate check equivalent to the fair tax amount paid on essential goods and services up to the poverty level. This essentially eliminates the tax burden for the poor.
In my opinion, it would stimulate tons of economic growth and still be able to fund our government at current spending levels. Their official web site can answer the questions better than me, though... http://www.fairtax.org/site/PageServer? ... aq_answers
What will keep the rate from hiking when the Medical stuff starts coming to a pocketbook near you? And the stimulus bill, and the other new stimulus bill they want..................I hate congress.
From what I understand, it requires an amendment to the constitution to enact it. I'm not sure on the requirements for changing the rate.
I just don't trust them.
Yes, of course Congress can raise the FairTax rate just as it could raise the flat tax rate or can and does raise the income tax rate. And if we in the grass roots allow them to do it, shame on us!
However, the FairTax is highly visible. And because there is only one tax rate, it will be very hard for Congress to adopt the typical divide-and-conquer, hide-and-disguise strategy employed today to ratchet up the burden gradually, by manipulating the income tax code. Ultimately, the tax rate will be dictated by the size of government. If government gets larger, higher tax rates will be required. If government shrinks relative to the economy, then the tax rate will fall. Federalist 21, by Alexander Hamilton, is a great read on the futility of government raising a consumption tax too high, and thus reducing revenues.
conversationpc wrote:artist4perry wrote:conversationpc wrote:artist4perry wrote:conversationpc wrote:I've been a supporter of the Fair Tax for a few years now...
First off, the proposed rate is 23%. This would eliminate all other federal taxes and you would have no deductions from your check. That means most people's income would go up by about the same amount as the taxes they would be paying when they purchase goods and services. People would also get a monthly prebate check equivalent to the fair tax amount paid on essential goods and services up to the poverty level. This essentially eliminates the tax burden for the poor.
In my opinion, it would stimulate tons of economic growth and still be able to fund our government at current spending levels. Their official web site can answer the questions better than me, though... http://www.fairtax.org/site/PageServer? ... aq_answers
What will keep the rate from hiking when the Medical stuff starts coming to a pocketbook near you? And the stimulus bill, and the other new stimulus bill they want..................I hate congress.
From what I understand, it requires an amendment to the constitution to enact it. I'm not sure on the requirements for changing the rate.
I just don't trust them.
Here's what the Fair Tax FAQ says on this...Yes, of course Congress can raise the FairTax rate just as it could raise the flat tax rate or can and does raise the income tax rate. And if we in the grass roots allow them to do it, shame on us!
However, the FairTax is highly visible. And because there is only one tax rate, it will be very hard for Congress to adopt the typical divide-and-conquer, hide-and-disguise strategy employed today to ratchet up the burden gradually, by manipulating the income tax code. Ultimately, the tax rate will be dictated by the size of government. If government gets larger, higher tax rates will be required. If government shrinks relative to the economy, then the tax rate will fall. Federalist 21, by Alexander Hamilton, is a great read on the futility of government raising a consumption tax too high, and thus reducing revenues.
artist4perry wrote:But what if some greedy sorry excuse for a congress..........like the one we have now..........goes on a massive shopping spree and Big Government........cradle to grave...........pocket lining...........sorry excuse of a group hikes it way up? I don't see anything too fair about that. I see trouble brewing down the line for us all. I am afraid we need to pay off any debts and save as much as we can. We may lose our shirts before it is all said and done.
AlteredDNA wrote:artist4perry wrote:But what if some greedy sorry excuse for a congress..........like the one we have now..........goes on a massive shopping spree and Big Government........cradle to grave...........pocket lining...........sorry excuse of a group hikes it way up? I don't see anything too fair about that. I see trouble brewing down the line for us all. I am afraid we need to pay off any debts and save as much as we can. We may lose our shirts before it is all said and done.
You don't think that happens now?
The big difference would be that your tax burden would not be tied to your income, but your spending, which you ultimately would have more control over...
steveo777 wrote:I'm in favor of eliminating the tiered tax system and going with a flat 10% across the board. No deductions, just a flat tax and they could fire 2/3 of the IRS that way.
Ehwmatt wrote:The flat tax is about as fair as it can get. Is it regressive? Yes. But in the aggregate, it's the fairest theoretical system out there.
The fair tax is nice, but even I think it has the potential to be overly regressive, and for me to think that... well I think most of you know my politics.
Either way, it'll never happen. Too many corrupt politicians, lawyers, accountants, etc rely on the complex system of taxation in place. What a goofy system we've developed.
Don wrote:Countries currently using a flat tax.
1. Bulgaria
2. Albania
3. Czech Republic
4. Estonia
5. Georgia
6. Guernsey
7. Kazakhstan
8. Iraq
9. Jersey
10. Kyrgyzstan
11. Latvia
12. Lithuania
13. Macedonia
14. Mongolia
15. Montenegro
16. Mauritius
17. Romania
Now a different list, the countries with the highest percentage of taxes. I'll limit it to the top 17 to correspond with the first list.
Tax in % of GDP
1. Sweden 51.3
2. Denmark 50.3
3. Belgium 45.5
4. Norway 44.3
5. France 44.0
6. Finland 43.9
7. Iceland 42.4
8. Austria 42.0
9. Italy 40.6
10. Slovenia 40.5
11. Germany 38.8
12. Hungary 38.5
13. Luxembourg 38.2
13. The Netherlands 38.2
15. Brazil 37.4
16. United Kingdom 37.0
17. New Zealand 36.6
Now, cross reference both lists with Countries rated with the highest standard of living.
1. Norway
2. Australia
3. Canada
4. Ireland
5. Netherlands
6. Sweden
7. France
8. Switzerland
9. Japan
10. Luxembourg
11. Finland
12. United States
13. Austria
14. Spain
15. Denmark
16. Belgium
17. Iceland
As we can see, none of the Flat Tax countries have made it on to the last (and for most folks, the most important) list.
AlteredDNA wrote:
Statistics can be tricky...
AlteredDNA wrote:Don wrote:Countries currently using a flat tax.
1. Bulgaria
2. Albania
3. Czech Republic
4. Estonia
5. Georgia
6. Guernsey
7. Kazakhstan
8. Iraq
9. Jersey
10. Kyrgyzstan
11. Latvia
12. Lithuania
13. Macedonia
14. Mongolia
15. Montenegro
16. Mauritius
17. Romania
Now a different list, the countries with the highest percentage of taxes. I'll limit it to the top 17 to correspond with the first list.
Tax in % of GDP
1. Sweden 51.3
2. Denmark 50.3
3. Belgium 45.5
4. Norway 44.3
5. France 44.0
6. Finland 43.9
7. Iceland 42.4
8. Austria 42.0
9. Italy 40.6
10. Slovenia 40.5
11. Germany 38.8
12. Hungary 38.5
13. Luxembourg 38.2
13. The Netherlands 38.2
15. Brazil 37.4
16. United Kingdom 37.0
17. New Zealand 36.6
Now, cross reference both lists with Countries rated with the highest standard of living.
1. Norway
2. Australia
3. Canada
4. Ireland
5. Netherlands
6. Sweden
7. France
8. Switzerland
9. Japan
10. Luxembourg
11. Finland
12. United States
13. Austria
14. Spain
15. Denmark
16. Belgium
17. Iceland
As we can see, none of the Flat Tax countries have made it on to the last (and for most folks, the most important) list.
I don't think the flat tax in those countries you listed has anything to do with their lower standard of living. Also, what factors into determining a "standard of living"...
Statistics can be tricky...
Don wrote:AlteredDNA wrote:I don't think the flat tax in those countries you listed has anything to do with their lower standard of living. Also, what factors into determining a "standard of living"...
Statistics can be tricky...
I do stats all days so I know all about lies, damn lies and statistics.
I'm going to go out on a hunch and say I would prefer to live in any country on the high tax list as compared to the countries on the flat tax list.
Can you even picture the U.S. on that first list with those other countries. That isn't a random sampling, those are the only countries actually using flat tax. I know the UK flirted with the idea but even they realized it's not going to be the great cure all that people make it out to be. If it was, there would be other countries of at least comfortable living status on that list.
I have been to 10 of the countries on the standard of living top 17 and can say that I feel that living conditions are greater if not equal to what I enjoy here in the states so I feel pretty confident about the criteria used to compile those numbers.
AlteredDNA wrote:Don wrote:AlteredDNA wrote:I don't think the flat tax in those countries you listed has anything to do with their lower standard of living. Also, what factors into determining a "standard of living"...
Statistics can be tricky...
I do stats all days so I know all about lies, damn lies and statistics.
I'm going to go out on a hunch and say I would prefer to live in any country on the high tax list as compared to the countries on the flat tax list.
Can you even picture the U.S. on that first list with those other countries. That isn't a random sampling, those are the only countries actually using flat tax. I know the UK flirted with the idea but even they realized it's not going to be the great cure all that people make it out to be. If it was, there would be other countries of at least comfortable living status on that list.
I have been to 10 of the countries on the standard of living top 17 and can say that I feel that living conditions are greater if not equal to what I enjoy here in the states so I feel pretty confident about the criteria used to compile those numbers.
I know you do, that's what I put that...
My point is that it's too simple to say that the flat tax is the cause of those countries lower standard of living.
Don wrote:AlteredDNA wrote:Don wrote:AlteredDNA wrote:I don't think the flat tax in those countries you listed has anything to do with their lower standard of living. Also, what factors into determining a "standard of living"...
Statistics can be tricky...
I do stats all days so I know all about lies, damn lies and statistics.
I'm going to go out on a hunch and say I would prefer to live in any country on the high tax list as compared to the countries on the flat tax list.
Can you even picture the U.S. on that first list with those other countries. That isn't a random sampling, those are the only countries actually using flat tax. I know the UK flirted with the idea but even they realized it's not going to be the great cure all that people make it out to be. If it was, there would be other countries of at least comfortable living status on that list.
I have been to 10 of the countries on the standard of living top 17 and can say that I feel that living conditions are greater if not equal to what I enjoy here in the states so I feel pretty confident about the criteria used to compile those numbers.
I know you do, that's what I put that...
My point is that it's too simple to say that the flat tax is the cause of those countries lower standard of living.
Yeah, I know. I'm thinking a lot of those countries were under the sphere of Soviet influence back in the day also.
I'm just saying that for the U.S. to go that direction would be big departure from what the rest of the economic powers have ever done and there must be a good reason for avoiding that road.
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