Taxes - Fair Tax

[charmed]

After our discussion on taxes I am curious what everyone thinks about "Fair Tax" or a national sales tax instead of income tax... a Replacement.

Here is a link so I don't have to post the entire thing.

Americans For Fair Taxation: Frequently Asked Questions Answers

Personally I am all for this, although I will admit since I typically don't shop much as I am very frugal (most of the time) this would probably create a situation where I don't pay my fair share of taxes to support our government... but it seems "fair" like it suggests.

My husband is all for it.

What do you all think?

[adbullock]

Originally Posted by charmed

After our discussion on taxes I am curious what everyone thinks about "Fair Tax" or a national sales tax instead of income tax... a Replacement.

Here is a link so I don't have to post the entire thing.

Americans For Fair Taxation: Frequently Asked Questions Answers

Personally I am all for this, although I will admit since I typically don't shop much as I am very frugal (most of the time) this would probably create a situation where I don't pay my fair share of taxes to support our government... but it seems "fair" like it suggests.

My husband is all for it.

What do you all think?

Actually that's the beauty of the Fair tax. It is fair. Those that consume more pay more in taxes. Of all the solutions presented I think that is the most equitable AND fair but ONLY if the law that allows the income tax is first repealed and we don't move to things like taxation through required health insurance.

I'm all for the fair tax. The trick lies in getting it introduced and preventing it from becoming a tax in addition to what we already have.

[MrsCyrcus]

Originally Posted by adbullock

Actually that's the beauty of the Fair tax. It is fair. Those that consume more pay more in taxes. Of all the solutions presented I think that is the most equitable AND fair but ONLY if the law that allows the income tax is first repealed and we don't move to things like taxation through required health insurance.

I'm all for the fair tax. The trick lies in getting it introduced and preventing it from becoming a tax in addition to what we already have.

I'd say someone needs to read the Constitution. It states very clearly that we are NOT to be taxed on our labor!!!

[jnmurra]

When Kamie first suggested this years and years ago (how long has it been? 7 or 8 years ago?) I have to admit, I didn't understand the Fair Tax; however, after having read up on it - as long as the income and self-employment taxes are nixed, I am all for it. And I consume...A LOT...ROFL! So I would definitely pay my fair share, but I would almost bet that a Fair Tax for my family would result in thousands of dollars being saved every year and I'm all for that.

[adbullock]

Originally Posted by MrsCyrcus

I'd say someone needs to read the Constitution. It states very clearly that we are NOT to be taxed on our labor!!!

Someone needs to read the fair tax bill as well. The Fair Tax isn't a tax on our labor. It's a tax on our spending.

I know how you feel about taxes it's old hat. The problem is if you don't pay it, whether it's legal or not, they throw your behind in jail. I'm not willing to go there. You can feel free.

[kamie3535]

Don't forget with The Fair Tax there is also the prebate for every family to cover the cost of the basic necessities at the poverty line, every month. So in essence it truly is a voluntary way of paying taxes, and that's what makes it a beautiful thing. You keep 100% of your paycheck on the federal level, and only pay taxes on NEW items purchased. The costs of things would not go up, because of embedded taxes that we pay know.

I've been advocating it for at least 6 years, but to tell the truth I don't think the political class would ever implement it, for it takes to much power away from the government.

[charmed]

Originally Posted by MrsCyrcus

I'd say someone needs to read the Constitution. It states very clearly that we are NOT to be taxed on our labor!!!

Depends on who is reading it. From all my studies and reading of the constitution no where does it stay that our labor is not to be taxed. There have been many cases before the supreme court regarding this.

[CammiB]

I would be for the fair tax. I like the idea of the flat tax better though. Less complicated and still fair.

[adbullock]

Originally Posted by CammiB

I would be for the fair tax. I like the idea of the flat tax better though. Less complicated and still fair.

How on earth is it LESS complicated? With the fair tax we no longer need accountants to figure out our tax liabilities each year. We pay the taxes at the point of sale. It's a no hassle method for the average person for dealing with the taxes.

Don't forget to consider the amount of money that would be saved in accounting fees alone each year just TRYING to comply with a tax code that is too difficult to understand for the average citizen. More importantly, for me at least. those with power and influence won't get around the need to pay taxes altogether.

There are tons of benefits to the Fair Tax (rewards good spending, taxes rank consumption, encourages purchasing used rather than new items so it's a greener plan for taxation because it rewards the philosophy or "reduce, reuse, recycle".

[kamie3535]

Yeah and don't forget with the flat tax, they'll just manipulate it like they always do.