Fair Tax...

[awpitt]

Originally Posted by bcp

the prebate provision would have to go. It would still not be a fair tax if someone is getting a check from the government to offset the tax paid for their consumption of tangible goods.

The idea behind the prebate is the thought that expenses for basic living should not be taxed so the prebate is the way of tax exempting the first XXX dollars of everyones' expenses.

[bcp (Premo)]

Originally Posted by awpitt

The idea behind the prebate is the thought that expenses for basic living should not be taxed so the prebate is the way of tax exempting the first XXX dollars of everyones' expenses.

up to poverty level, and this means that the bottom will still not pay tax,

[awpitt]

Originally Posted by bcp

up to poverty level, and this means that the bottom will still not pay tax,

Yes and you and I would be tax expempted on expenses up to that same level.

[bcp (Premo)]

Originally Posted by awpitt

Yes and you and I would be tax expempted on expenses up to that same level.

I dont think that is a good idea.
we, as in all, you, me those more or less fortunate need to pay from the very first dollar spent.

[SamSpade]

Originally Posted by bcp

I dont think that is a good idea.
we, as in all, you, me those more or less fortunate need to pay from the very first dollar spent.

I'm going to pull out my catch phrase from another thread - do you want to make a point or make a difference? A tax that increases the tax burden on nearly half of all Americans isn't going to pass either half of Congress.

You can insist that taxing the first to last dollar is "fair" but you will absolutely never get the vote of half of the country.

To paraphrase Rumsfeld - you go with the bill that you can pass. A tax that is slightly progressive will work.

[bcp (Premo)]

look at it this way.
its just you and me funding our personal government.
lets say it cost our "government" 30k a year to operate.
They know that 100,000 will be in circulation between us.
now, lets go on and say that out of that 100k, I make 24k, you make the rest.
we both are tax free for the first 24,0000, out of the 100 made this leaves 52,000 available for tax (providing you spend every penny and dont save so you can be poor like me when you retire)
Now, in order for our "government" to make the required revenue, they now will have to tax your dollars at a rate of 60%. Of course if you do happen to save some, then that percentage has to go up because our government is going to still require their 30k.
and to further insult you, my 24k is in the form of assistance from our government.
To put it simply, you give me 24k, and cover the other 6k needed too.

I thank you.

It would have to be charged from dollar 1 regardless of income level.

[bcp (Premo)]

Originally Posted by SamSpade

To paraphrase Rumsfeld - you go with the bill that you can pass. A tax that is slightly progressive will work.

Less of evils? do something, do anything but just do something?


Larry????

[SamSpade]

Originally Posted by bcp

Less of evils? do something, do anything but just do something?


Larry????

Bear in mind, everyone pays the 23 (read 30) percent. It's not a flat tax rate. It's built into the cost of everything. I realize it looks like an income tax, but it isn't - everyone gets the prebate. Everyone. The prebate I agree is the best way to make certain everyone has enough of their income to get what they need to function. You can't quadruple the cost of everything and say "f**k the poor, ha-ha." THEIR contribution doesn't amount to hardly anything.

[bcp (Premo)]

Originally Posted by SamSpade

Bear in mind, everyone pays the 23 (read 30) percent. It's not a flat tax rate. It's built into the cost of everything. I realize it looks like an income tax, but it isn't - everyone gets the prebate. Everyone. The prebate I agree is the best way to make certain everyone has enough of their income to get what they need to function. You can't quadruple the cost of everything and say "f**k the poor, ha-ha." THEIR contribution doesn't amount to hardly anything.

Lets see.
they dont want to work, (Im not talking about those that are poor becuase of real disabilities)
so
we pay for their house, their car, their phone their food, their health care, their spending money

at what point does it become too much?

[awpitt]

Originally Posted by bcp

Lets see.
they dont want to work, (Im not talking about those that are poor becuase of real disabilities)
so
we pay for their house, their car, their phone their food, their health care, their spending money

at what point does it become too much?

This is a problem that needs to be dealt with but I wouldn't sh!t can a good tax reform proposal because of it.