re: Questions about a federal fair tax.

With the collapse of the Petrodollar the Great Reset is here

Under the current income tax system, "middle class" WAGE EARNERS shoulder most of the burden by paying more than their share.

The Fair Tax addresses the underground cash economy where income is never reported. Everyone who enjoys the benefits of living in this country should have "skin in the game". If you make a little, you should pay a little... make a lot, pay a lot. Work for cash, you're taxed when you spend it.

The Fair Tax has a built-in adjustment to address the needs of those who are below poverty level. Everyone would receive a "prebate" equal to the amount of tax that would be collected on sales up to poverty level purchases. That way, everyone receives the same exemption, no special carve-outs.

Aside from that, consider that the IRS takes "their" share out of your paycheck BEFORE you are entitiled to it. With the Fair Tax, YOU decide when to pay a tax, not the IRS. No more April 15th or tax accountants, No taxes on your savings unless you spend it.

I'm sure many of you can see other benefits from doing away with the current inefficient and unfair system of taxation. Our country needs taxes to pay for our NEEDS but the average citizen shouldn't be subjected to abusive agency scrutiny or unfair burden along the way.

The Fair Tax is more in line with what you would expect to see in a "Free Society". It's YOUR money, not the IRS's!

Numbers I saw from some time ago estimated that a flat tax would be around 15% and a consumption tax would be around 15%. They just tax different things.

Like I said the government is going to get its money no matter the system used.

So let's pick the least intrusive and least violent one.

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people who say they're for it, don't realize they will ultimately pay more in taxes.

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Then they might start paying more attention to who they vote for.

The income tax is not about generating revenue — it is about governing behavior.

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So, by taxing building materials and then taxing the home sale, the home is being taxed twice?

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The material is taxed at point of purchase which aggregates toward the whole cost of the house. There isn’t another tax at closing so the levy is once when materials are bought

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My biggest question is this, how much revenue would it potentially generate for the government? If it generates the same or more revenue than who the hell would be against it?



The 47% of the country not paying any income tax. Pretty nifty that 47% experience no direct consequences of their voting as it relates to taxes.

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53% do pay income tax.

The 47% is the minority. That's the inconvenient quiet part that they refuse to acknowledge out loud. That side is always so "anti-Electoral College" and "pro-Popular Vote"... except for on this one issue where the majority actually have a tax liability and should support a fair tax. Make more, spend more, have ability to buy more and pay more. Make less, spend less, don't have the potential liability of those who make more. It's simple.

Problem is, Congress doesn't want to have to do their primary job, which is to pass an annual balanced budget. How many of them even realize that passing a budget is their main job? They have failed to do so since way back when I was in high school in the 90s when the last actual budget was passed. They just ram everything through in omnibus bills that allow spending on items and proposals that are prohibited by the U.S. Constitution.

And we fricking allow it! Instead of demanding that Congress do their job and look at whatever funds are available to allocate them where they are best spent, we just let them keep raising the credit card limit and lowering the minimum payments and practicing actively long term dereliction of duty. Soon, well over 50% of the populace will not pay taxes, and actually be the majority that gets to give an excuse to tax us even more.

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The material is taxed at point of purchase which aggregates toward the whole cost of the house. There isn’t another tax at closing so the levy is once when materials are bought

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This makes sense.

So the cost of the house winds up being what 25% more? Or is the price of the materials reduced before the sales tax due to the reduction of other taxes that are currently baked into the costs?

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Of the systems, the fair tax is the least abusive to the citizens.

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Not true, it disproportionately impacts the people who can least afford it. Shifting the burden from the people who can to the people who can’t. If passed either a massive increase in welfare would be required simply for the bottom to be able to exist or there’d be mass chaos/thefts followed by I’d imagine revolution. When people can’t even survive as it is currently the last thing they feel like hearing is the people who can whining they don’t pay enough (enough of what?).