How can someone not support the Fair Tax Plan?
The FairTax plan is a proposal that replaces all federal income & payroll based taxes with a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, & the repeal of the 16th Amendment. The FairTax Act (HR 25, S 1025) abolishes all federal personal & corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, & self-employment taxes & replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, & intelligent solution to the frustration & inequity of our current tax system. The FairTax:Abolishes the IRS, Closes all loopholes & brings fairness to taxation, Ensures Social Security funding check it out: fairtax.org
Public Comments
- There is no way most people can't support it but for those who are the takers in the world they will not because they don't want to pay more than nothing. They do not understand that somebody always pays and they always pay one way or the other.
- Because the Fair Tax Plan would result in them paying more taxes. Who would voluntarily pay more taxes? Life isn't fair. Expecting that people will behave "fairly" is unrealistic. People behave in their own best interest.
- Sounds great to me, but this needs to be incorporated with restrictions on how the tax money is spent so that it goes for the benefit of the taxpayer, not those undeserving of the money, such as illegal immigrants. The line item veto would prevent special interest from clandestinely enacting legislation that would constantly cause this rate to increase without the consent of the taxpayers.
- First, it doesn't close all loopholes. Second, government has NEVER abolished a type of tax such as the income tax. What we'll end up with is both taxes. Third, how will we support Social Security and Medicare if we don't collect tax revenues? Fourth, we use the current tax code to encourage certain activities (such as owning a home and saving for retirement) and discourage other activities (smoking, etc.). How are you going to fold that into your sales tax plan? Fifth, how do you make a sales tax progressive? It won't be progressive because the millionaire will pay the same sales tax when he buys a pack of gum as someone just over the poverty level. That's not progressive. Sixth, even if it ensures Social Security fund, as you say, it will co-mingle the general revenue and Social Security revenue. This would have the impact of making SS a line item in the general budget which would be a HUGE mistake. Seventh, if you think all the tax lawyers and accounts who work now to minimize the impact of taxes are just going to go into other lines of work you're being dangerously naive. They'll continue to work to find legitimate tax-minimizing strategies. This will drive much of our consumption overseas and onto the Internet from international sources thereby evading the sales tax. It's a stupid idea. That's how someone can not support the Stupid National Sales Tax Plan.
- Isn't the "fair tax" like 38% or something? Seems pretty high. Depending on how much you bought, I think you would end up paying more taxes. Plus, it does not stimulate growth in our economy because people are less likely to buy things if they have a really high tax on each thing
- The simple answer is people have been feed commie ideas for so long that they would never get the idea of not "soaking" the rich. The Government would never go for it because it would remove some of their power!
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