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Old 06-18-2015, 05:33 PM
 
Location: Raleigh, NC
354 posts, read 590,841 times
Reputation: 469

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Quote:
Originally Posted by saturnfan View Post
These legislators need to be gone next year.
Everyone always says this, but no one ever takes action at election time because we all just vote our party, and incumbents always win the primaries.

What's the state politician incumbency rate? 99%?
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Old 06-18-2015, 05:59 PM
 
958 posts, read 1,591,338 times
Reputation: 623
I want the fairtax.org too. It would definitely hurt me because of retirement savings. However my generation f'd this up and I want it fixed for my kids.
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Old 06-18-2015, 06:02 PM
 
Location: Cary, NC
31,636 posts, read 55,362,882 times
Reputation: 30188
Quote:
Originally Posted by Rich6896 View Post
I want the fairtax.org too. It would definitely hurt me because of retirement savings. However my generation f'd this up and I want it fixed for my kids.
I lean that way.
It is "the right thing to do."
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Old 06-18-2015, 06:07 PM
 
3,278 posts, read 4,951,759 times
Reputation: 2297
Quote:
Originally Posted by saturnfan View Post
Just when you thought our government couldn't do any worse, it's back to the old game.

Many of the teaching assistants in the schools will be laid off.

Drivers' ed will go up from $50 to about $400 so many families will not be able to afford it.

These legislators need to be gone next year.
So when I turn 18, I'll go to the DMV and get a full license (no provisional strings). I am SURE that will decrease the number of accidents/deaths on the road. Instead of the two-years (or whatever it is now) gradual increase kids get now.
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Old 06-18-2015, 07:03 PM
 
Location: Raleigh NC
3,148 posts, read 6,958,182 times
Reputation: 3640
Quote:
Originally Posted by static_g View Post
That's an unfair characterization.

You're attempting to debate the moral goodness of progressive taxes. Progressive taxes have been universally accepted since the early 1900's as being more fair. A billionaire's 20% is not a teacher's 20%.

Thus, FairTax is not fair.
Think you might be confusing the flat tax with the fair tax. Two totally different concepts.


https://fairtax.org/about/how-fairtax-works
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Old 06-18-2015, 07:06 PM
 
Location: Apex NC, the Peak of Good Loving.
1,456 posts, read 1,645,904 times
Reputation: 2183
Quote:
Originally Posted by underPSI View Post
And I am still waiting to hear why you think I should pay your taxes.
The simple answer is this: I don't make the rules, I just play by them. I can't explain or defend the rules which govern Federal income tax deductions.

There are plenty of elements in our Federal tax code which seem unfair to me and might seem perfectly reasonable to you. My neighbor has six young children so he gets a $1,000 tax credit for each. I have no young children so I am (in a sense) paying more taxes to subsidize his reproductive choices.
.
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Old 06-18-2015, 07:16 PM
 
Location: Apex NC, the Peak of Good Loving.
1,456 posts, read 1,645,904 times
Reputation: 2183
Quote:
Originally Posted by MikeJaquish View Post
... Face it. You are a minority. There are many more votes among people who have not been as responsible.
Ah, but retirees have allies in our opposition to the Fair Tax.

Consider that 43% of US taxpayers pay no Federal Income Tax. (Source: numerous web sites including Who doesn't have to pay federal income taxes? 43% of Americans - Aug. 29, 2013) All those people will gain nothing by elimination of the Federal Income Tax but they will lose plenty when they pay 26.5% sales tax. If they vote (and this pocketbook issue may motivate them to do so) there will be a formidable opposition to the Fair Tax.

.
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Old 06-18-2015, 07:27 PM
 
Location: Raleigh NC
3,148 posts, read 6,958,182 times
Reputation: 3640
Quote:
Originally Posted by danielbmartin View Post
Ah, but retirees have allies in our opposition to the Fair Tax.

Consider that 43% of US taxpayers pay no Federal Income Tax. (Source: numerous web sites including Who doesn't have to pay federal income taxes? 43% of Americans - Aug. 29, 2013) All those people will gain nothing by elimination of the Federal Income Tax but they will lose plenty when they pay 26.5% sales tax. If they vote (and this pocketbook issue may motivate them to do so) there will be a formidable opposition to the Fair Tax.

.
So we are on the same page. I'm just fortunate to be young enough to have the option to invest my retirement savings post-tax in a Roth 401K and IRA.
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Old 06-18-2015, 07:32 PM
 
Location: Cary, NC
31,636 posts, read 55,362,882 times
Reputation: 30188
Quote:
Originally Posted by danielbmartin View Post
Ah, but retirees have allies in our opposition to the Fair Tax.

Consider that 43% of US taxpayers pay no Federal Income Tax. (Source: numerous web sites including Who doesn't have to pay federal income taxes? 43% of Americans - Aug. 29, 2013) All those people will gain nothing by elimination of the Federal Income Tax but they will lose plenty when they pay 26.5% sales tax. If they vote (and this pocketbook issue may motivate them to do so) there will be a formidable opposition to the Fair Tax.

.
Not exactly. Read the Fair Tax regarding "prebate."
A strength, and a weakness, is the compensation up to poverty level of tax expense to all families, so that at least to that extent folks will not pay tax.
The weakness, IMO, is the limit to poverty level, rather than 150% of poverty level.

ETA: How about a 23% tax rate? No Social Security tax. No corporate income tax. No sales tax on used items.
https://en.wikipedia.org/wiki/FairTax
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Old 06-18-2015, 07:35 PM
 
958 posts, read 1,591,338 times
Reputation: 623
Quote:
Originally Posted by danielbmartin View Post
Ah, but retirees have allies in our opposition to the Fair Tax.

Consider that 43% of US taxpayers pay no Federal Income Tax. (Source: numerous web sites including Who doesn't have to pay federal income taxes? 43% of Americans - Aug. 29, 2013) All those people will gain nothing by elimination of the Federal Income Tax but they will lose plenty when they pay 26.5% sales tax. If they vote (and this pocketbook issue may motivate them to do so) there will be a formidable opposition to the Fair Tax.

.
That is not completely true. It's been a while since I read the FairTax info, but I believe there is a prebate for low-income families and individuals to pay for necessities.
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