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Started By
Message
re: Questions about a federal fair tax.
Posted on 6/17/24 at 8:01 pm to DavidTheGnome
Posted on 6/17/24 at 8:01 pm to DavidTheGnome
quote:
Unless we own a business. And it still exists, isn't abolished
The footprint and cost difference of surveillance of millions of individuals v a few million businesses is a huge benefit.
Get your head out of your arse.
Posted on 6/17/24 at 8:05 pm to DavidTheGnome
quote:
Unless we own a business. And it still exists, isn't abolished.
You're looking for reasons to get blown out of the water about the matter and convince yourself that it's a bad idea.
Posted on 6/17/24 at 8:11 pm to VoxDawg
I'm not going to latch onto it without exploring the negatives, no. And I don't have a hatred of the income tax other than we let the code itself get far too convoluted. Eliminate all exemptions and deductions and credits and such and just tax income at x Y and Z % period.
And what about regarding the prebates though? The government would still need to determine your income to see if you qualify so income forms and annual interaction with the IRS or whatever name you'd call it next since IRS = evil each year?
And what about regarding the prebates though? The government would still need to determine your income to see if you qualify so income forms and annual interaction with the IRS or whatever name you'd call it next since IRS = evil each year?
Posted on 6/17/24 at 8:13 pm to TrueTiger
quote:
The footprint and cost difference of surveillance of millions of individuals v a few million businesses is a huge benefit.
What about the footprint and cost to determine income to see who gets prebates and then anticipation of how much theyll spend each month and then mail them checks to counteract the tax?
Posted on 6/17/24 at 8:19 pm to DavidTheGnome
Lighten up, Francis. It's a chart that is calculated once a year.
Single person = $X/mo.
2 people in household = $Y/mo.
3 person household
4, 5, 6, etc.
It's wholly independent of income, etc.
ETA - Speaking of which - under the plan, how much money you make is no longer the federal government's business.
Single person = $X/mo.
2 people in household = $Y/mo.
3 person household
4, 5, 6, etc.
It's wholly independent of income, etc.
ETA - Speaking of which - under the plan, how much money you make is no longer the federal government's business.
This post was edited on 6/17/24 at 8:24 pm
Posted on 6/17/24 at 8:28 pm to VoxDawg
quote:
Lighten up, Francis. It's a chart that is calculated once a year.
Okay so we are back to an annual interaction with the IRS. Giving rebates to the poor so everyone isn't "paying their fair share". And we're anticipating how much individual Americans will spend in a given month, comparing that to their income, and then issuing them checks accordingly.
It seems to overly complicate things just so we can say we aren't taxing income. When just simplifying the existing tax code and eliminating all loop holes, deductions, credits, everything and just say for X amount of income your rate is this, for Y amount over that it's this, and on and on.
Posted on 6/17/24 at 8:49 pm to DavidTheGnome
If you don't understand the difference between spreading the tax burden among 250M people vs 150M people, when there's a zero shift in money out on new goods they're already buying but they're taking home all of their earnings... and the current flaming shite show on ice where the government gets first rights to your wages at the point of a gun if you don't comply, then I don't know what to tell ya. You do you, baw.
Posted on 6/17/24 at 8:51 pm to DavidTheGnome
quote:
And we're anticipating how much individual Americans will spend in a given month, comparing that to their income, and then issuing them checks accordingly.

Posted on 6/17/24 at 9:08 pm to VoxDawg
Do not forget about Drug Dealers, illegal immigrants, and other dark money. They will be paying taxes every time they purchase goods. Also, the Fair Tax folks point out trillions of overseas money will flow back into the country once all the Corporate taxes are removed.
Posted on 6/18/24 at 8:27 am to BlueDogTiger
Excellent point. The boo-birds often attempt to understate just how smooth of a transition this would be for average Americans. Folding in the entire cash/shadow economy, foreign visitors' spending, etc is massive.
Not to mention the previous costs of compliance, accounting, etc. all going away for both individuals and corporations.
Besides, the retailers are getting paid by the Treasury for their role in the collection/payment efforts.
Not to mention the previous costs of compliance, accounting, etc. all going away for both individuals and corporations.
Besides, the retailers are getting paid by the Treasury for their role in the collection/payment efforts.
Posted on 6/18/24 at 8:29 am to BlueDogTiger
quote:
the Fair Tax folks point out trillions of overseas money will flow back into the country once all the Corporate taxes are removed.
I'd be curious to read their explanation of why they think that is.
ETA: We already switched to a participation exemption regime after 2017, so I'm not sure this isn't an older, pre-TCJA justification for the Fair Tax.
This post was edited on 6/18/24 at 8:34 am
Posted on 6/18/24 at 8:43 am to Jack Bauers HnK
quote:
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
And /\ THIS /\ is why I'm for it until I see something bad about it - then we can tailor the bad part down.
but FIRST you have to somehow eliminate the PARASITE society from the population mix.
Posted on 6/18/24 at 8:51 am to novabill
quote:
I'd like to see more math on this
If I am taxed the same overall, what is the excitement about
the 'excitement' is knowing that there are no total freeloaders - and that would require the Democrats to try a little harder to earn votes = and would disincentivise them from creating more parasites.
Posted on 6/18/24 at 9:08 am to VoxDawg
quote:
How so? According to your link that's what a prebate is?
Posted on 6/18/24 at 9:25 am to bhtigerfan
quote:
If it generates the same or more revenue than who the hell would be against it?
People who don't pay federal taxes now.
Posted on 6/18/24 at 9:30 am to RiverCityTider
If you actually read the FairTax legislation, you’d know that every household would get a prebate equal to the amount of tax they’d pay on essential goods each month. So they in essence are tax free.
Posted on 6/18/24 at 9:35 am to Jack Bauers HnK
quote:
The 47% of the country not paying any income tax.
Only if they don't understand the concept of the prebate.
Posted on 6/18/24 at 9:47 am to DavidTheGnome
quote:
How so?
You appear to be among that group of Americans who are so cucked by the concept of the income tax and the IRS in general that you can't discuss the matter of alternative methods of taxation without it being inextricably linked to income. It damned-near borders on Stockholm Syndrome.
Under the FairTax - (expand your mind for the briefest of moments):
INCOME.
DOES.
NOT.
FACTOR.
INTO.
THE.
EQUATION.
Multiple posters have said it multiple times, and each time you respond, you erroneously loop back to the concept of how much someone making as being integral to the prebate concept, what impact it would have on new home/vehicle sales, ad infinitum, and you have yet to take the first step towards understanding the most basic of concepts that make H.R. 25 such a beautiful thing:
It's none of the federal government's goddamned business how much or how little money you make.
When you can process that fact - really wrap your brain around it, accept it, embrace it - the other details surrounding the plan would likely come into focus. If that ever happens for you, the rest of the plan is really gonna bake your noodle.
Posted on 6/18/24 at 9:48 am to Jax-Tiger
quote:
Only if they don't understand the concept of the prebate.
And/Or understand the concept of embedded corporate income taxes.
Posted on 6/18/24 at 9:50 am to bhtigerfan
“Poor people” are the only ones that spend money anymore so let them pay for everything
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