by 
ninja man
ANSWERS: 6
-
I don't know enough yet about the FairTax to answer that, but I know it's not "Huckabee's" tax.
-
No, it's just another attempt to shift the tax burden further away from the wealthy. Note how everyone *except* those making more that $200k per year will pay MORE under the "Fair Tax" than the current system: http://www.factcheck.org/taxes/unspinning_the_fairtax.html I am further dissuaded by the fact that the "23%" tax is in reality 30% (or probably 34%) http://www.brookings.edu/views/articles/gale/20050516.pdf
-
No, but it could be made more "fair" by exempting so-called necessity items such as food, clothing, and (perhaps) a primary residence from taxation. This way only discretionary items would be taxed. By definition, these are not necessities, so the tax would be more fair. If not more fair, it would certainly be more honest. When I buy something, I know it will be X + tax%. I know the true cost before I even leave the store. I can choose to buy the item then and there. Income-based taxes are taken before I even see them. Imagine instead of paying income taxes with each paycheque that everybody had to pay in a lump sum on April 15th. People would refuse to pay such extortion and revolt, which is why it comes out of paycheques.
-
Yes... this is the best approach to taxes of anything that has been proposed or done so far. Much, much better than the current system and will provide the stimulus needed to get our economy back on track.
-
I like the Fair Tax. It would bring jobs back to the US. And take a burden of payroll taxes withholding and matching off of the small business man. I do like the idea that instead of this pre-bate check that neccesssites are exempt from the tax. http://www.fairtax.org
-
Anything a Republican is enthusiastic about, I get nervous about. Particularly in the fine print.
Moongrim RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC