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Buddy Carter is suspiciously silent in exposing the evil nature of the proposed FairTax Act
Quote:
Originally Posted by Goodnight
McCarthy knew in advance that this would never pass, no harm in making a promise to the far right.
I think there is a major problem when a member of Congress misrepresents proposes legislation.
Rep. Buddy Carter has yet to address a number of very real concerns should the FairTax Act be adopted.
Although Buddy Carter presents a piece titled Myth v. Fact: The FairTax Act, nowhere does it address how the proposed legislation would actually increase the federal government’s taxing capabilities and cause more miseries for the American people then they now suffer under the current oppressive and un-American system of taxation.
The sad truth is, Buddy Carter is suspiciously silent when it comes to identifying the devious nature of the FairTax as listed HERE
The only reasonable explanation I can think of as to why Rep. Buddy Carter has latched onto the so-called FairTax is, that he has not studied the text of the Bill himself and is relying on one or more of his lazy staff members representations of H.R. 25 which they may have gotten from the propaganda and misrepresentations found at the fairtax web site, or in the fair tax book authored by Neal Boortz and Congressman John Linder, both of whom have done a disservice to working on real tax reform.
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And what does your sophomoric comment have to do with our Founders' method of taxing consumption, which confirms your comment about taxing consumption favoring the rich is not accurate?
I support the Fair Share Balanced Budget Amendment which would end all federal taxes calculated from profits, gains, wages, tips, and all other lawfully realized "incomes" and returns us to our Constitution's original tax plan. Stop making stuff up.
Your above innuendoes, projections and exaggerations are not conducive to a productive discussion.
That is your personal opinion.
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How would your Fair Share Balanced Budget Amendment collect enough taxes to run the government? It won't, and can't.
The Founders would agree that their tax ideas from 250 years ago would not work today. Society is too complex.
Our current income tax is expressed as an inclusive rate. When directly comparing the FairTax to our current income tax, the FairTax rate is 23 percent. Under the FairTax, if you pay $100 for a good, you pay $77 for the good and an inclusive $23 tax. If you take the $23 as a percentage of the $100 tendered, the tax rate is 23 percent. Unfortunately, opponents of the FairTax typically speak of the FairTax in terms of an exclusive tax, simply because the rate sounds higher to consumers. Not only do opponents of the FairTax fail to admit that the inclusive and exclusive rates have consumers paying the same amount of money, but they also compare the exclusive FairTax rate to the inclusive income tax rate. This is an unfair and misleading comparison.
That proves Buddy is an idiot. Sure, the tax is $23 of the $100 you pay, which is 23%. However, that $23 is 29.8% of the $77 that is the cost of what you are buying. If the real rate was 23%, then the total cost for the $77 item would b 77+(77*.23), which equals $94.71. If the tax is actually 23% of the item, in this case, the tax would be $17.71, not $23
Yes! Why can't you admit that folks in our federal government set their sights on transactions as low as $600.00?
Instead of dwelling on a sematic issue which is really irrelevant at this point in time, would it not be more productive to address the big issue of closing down the IRS and adopting tax reform which ends the federal government's ability to lay and collect taxes calculated from profits, gains, wages, tips, and other lawfully earned "incomes"?
Have we not learned the evil nature of such a tax and the countless miseries unleashed and inflicted upon the American people by folks in our federal government under the so-called “income tax”?
My personal view is to return to our Constitution’s original tax plan by adopting the Fair Share Balanced Budget Amendment which would not only end federal taxes calculated from lawfully earned “incomes”, but it would also encourage members of Congress to start practicing sound fiscal policies which made the United States the economic marvel of the world.
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The US was not the economic marvel of the world until after WWII. Prior to that, it was a mediocre, insular place that was not considered any sort of miracle.
You still haven't explained how your proposed amendment would raise enough taxes to run the country. What would you tax? At what rates? Who administers the tax? Please stop spouting your impractical amendment as the end all, be all cure for our tax system unless you provide some details. Otherwise you are just providing innuendo and not any sort of practical discussion.
Our current income tax is expressed as an inclusive rate. When directly comparing the FairTax to our current income tax, the FairTax rate is 23 percent. Under the FairTax, if you pay $100 for a good, you pay $77 for the good and an inclusive $23 tax. If you take the $23 as a percentage of the $100 tendered, the tax rate is 23 percent. Unfortunately, opponents of the FairTax typically speak of the FairTax in terms of an exclusive tax, simply because the rate sounds higher to consumers. Not only do opponents of the FairTax fail to admit that the inclusive and exclusive rates have consumers paying the same amount of money, but they also compare the exclusive FairTax rate to the inclusive income tax rate. This is an unfair and misleading comparison.
That proves Buddy is an idiot. Sure, the tax is $23 of the $100 you pay, which is 23%. However, that $23 is 29.8% of the $77 that is the cost of what you are buying. If the real rate was 23%, then the total cost for the $77 item would b 77+(77*.23), which equals $94.71. If the tax is actually 23% of the item, in this case, the tax would be $17.71, not $23
The other thing is that cuts into company profits on items. We will need to see prices rise for companies to get the same bite of the apple they already get.
The US was not the economic marvel of the world until after WWII. Prior to that, it was a mediocre, insular place that was not considered any sort of miracle.
There you go again making something up to attack our Founders original tax plan which encourage Congress to follow sound fiscal policies, especially an America first policy which led to the United States becoming the economic marvel of the world.
"By 1890, the United States had by far the world's most productive economy. American industry produced twice as much as its closest competitor--Britain."SOURCE
"By the middle of the 1880s, the United States had surpassed Britain as the world’s leading producer of manufactured goods and steel."SOURCE
Acts of Congress documenting our Constitution's original tax plan
Quote:
Originally Posted by WRM20
You still haven't explained how your proposed amendment would raise enough taxes to run the country. What would you tax? At what rates? Who administers the tax? Please stop spouting your impractical amendment as the end all, be all cure for our tax system unless you provide some details. Otherwise you are just providing innuendo and not any sort of practical discussion.
My proposal is to return to our Constitution's original tax plan, as our Founders intended it to be used.
To answer your question about raising revenue, see our nation's first revenue raising Act:
Well, it was interesting from a historical perspective, and demonstrates how much things have changed in the last 200+ years.
in 2022, income and payroll taxes raised $4.5 trillion. Using the 2022 population estimate, that would be $13,591 per person in the US. What do you think happens when Bob, a small farmer in Mississippi with a wife and 2 children gets a bill for $54,000, or twice his net income?
We should avoid making really bad decisions about how US government revenue is raised.
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Acts of Congress documenting our Constitution's original tax plan
