Flat Rate 23.5% sales tax instead of Federal, State, Local and Payroll Taxes.
For most people its a huge drop from ~50% - saving more than half what they pay in tax.
BUT, thats very simplistic. The gains are incredibly higher. Let me explain:
You will be paying taxes only on what you spend, when you spend it.
Lets say you earn 100K, pay 50K in taxes, spend 25K and put 25K in savings.
With the new system, you earn 100K, spend 25K + 5.8K in fair tax = 30.8K in tax and you can now put 69.2K into savings.
You savings has essentially almost tripled in this example!
On top of that, your investments - by virtue of there being no taxes unless you spend money, can grow in the same way Hedge Funds and Real Estate moguls grow their money by taking various tax breaks.
There are people like me, my daughter, and grandaughter who this could help. While we are doing ok we get some assistance, Liheap in winter because ND is damn cold and propane is damn high lol, and Wic and my daughter gets help with insurance for my grandaughter, otherwise we both get our insurance through our employers.
So we are in that middle range where you make enough to live but a little boost now and then can help. I get a small refund every year but I certainly pay income tax and medicare, and social security as well as state income taxes.
Property tax also needs to be abolished. Taxed yearly for the right to own land. Inheritance taxes. Same. Your family paid tax on said money then you pay tax when they die and give it to you. So wrong.
Inheritance taxes are indeed evil and we can thank Clinton for them.
Property taxes are mixed as they are both Constitutional and of great pedigree. Property taxes fund the state, not the fed, so they support states' rights. However, some states do fine without much of them. So I will join with reducers in property taxes but they are not fighting the real fight.
Bubble, don't make this a board where we must get out our weapons to prove the UNFairTax is worse than the beast we now have. I've always respected you, but not today: I cannot accept people saying we should continue to fund the government at current levels but with them taking control over the revenue stream; the high-pressure sales talk aggravates the offense. It would be a pity to have anons fight over the political question of which tax. It diverts resources from our needing to restructure our entire lives around the risk of this hell actually dropping upon us from the smiling McCarthy's clutches.
You're relying on statisticians delivering talking points. That's always wrong.
What idiots are making 100K and paying 50K instead of paying an accountant to structure their affairs to pay much less? These idiots might be swayed to the plan rather than putting their money to work. They won't stay at 100K annually for long with that attitude.
All employers will keep the 7.65% they pay on payroll rather than giving it to the employees from whom it was stolen. They will be quiet about this bribe rather than admit the money was taken out of the payroll loop before the employee saw it all along. If you say this hidden tax is another reason for national sales tax, no, it's another reason for abolishing income tax and replacing it with nothing.
Now that's off the cuff. If this keeps up I will get into details and explain why Ron Paul has been fighting these soul-thieves all his life.
You're relying on statisticians delivering talking points
Where are you getting this? Everything I say is my own opinions based on my own analysis.
What idiots are making 100K and paying 50K instead ?
Tons of people do this, almost any salaried professional. Numbers are just rough amounts, and I am sure they can save a bit with deductions etc, but salaried people dont have a lot of leeway.
All employers will keep the 7.65% they pay on payroll rather than giving it to the employees from whom it was stolen
Thats fantastic. Other employers can then steal the employees at no cost! Free market at work.
The point is, abolishing unconstitutional IRS and abolishing constitutional Income Tax are gonna be a huge huge start in our fight to put an "end to the endless".
There are many arguments you can make regarding sales tax, but not that "its unconstitutional", So it already puts this into a different league.
And dont get me wrong, this may be a huge start, but I will wait for them to follow through with this to limit the debt ceiling, and start lowering it, after collapsing the Fed, and exposing the Magic Money scam to the people.
Bubble, don't make this a board where we must get out our weapons to prove the UNFairTax is worse than the beast we now have
And in this board, we always have to use our weapons to uncover the truth. So, I encourage you to use your weapons to prove what I said is wrong.
Just remember - the concept of taxing income is unconstitutional, but not the concept of taxing commerce. If you dont like the concept of any taxes - thats an entirely different discussion and you should start a whole new thread on it.
That's my whole point. Revenue-neutral is not my goal, it's my servant government's evil self-serving life-destroying goal. Destroying the IRS should be done whether or not we decide to sell ourselves and our posterity down the river a second time. But if we do the latter, we frogs are the ones responsible and not our great-grandparents who were killed by Aldrich and Rockefeller. Later.
This is the reason why this first step is a huge step. Our job is to spread the word on the normie-sphere that they are only getting rid whats unconstitutional.
For most people its a huge drop from ~50% - saving more than half what they pay in tax.
BUT, thats very simplistic. The gains are incredibly higher. Let me explain:
You will be paying taxes only on what you spend, when you spend it.
Lets say you earn 100K, pay 50K in taxes, spend 25K and put 25K in savings.
With the new system, you earn 100K, spend 25K + 5.8K in fair tax = 30.8K in tax and you can now put 69.2K into savings.
You savings has essentially almost tripled in this example!
On top of that, your investments - by virtue of there being no taxes unless you spend money, can grow in the same way Hedge Funds and Real Estate moguls grow their money by taking various tax breaks.
In theory....but 52% live off the government and pay 0 in taxes.
It will all change, I am hopeful
There are people like me, my daughter, and grandaughter who this could help. While we are doing ok we get some assistance, Liheap in winter because ND is damn cold and propane is damn high lol, and Wic and my daughter gets help with insurance for my grandaughter, otherwise we both get our insurance through our employers.
So we are in that middle range where you make enough to live but a little boost now and then can help. I get a small refund every year but I certainly pay income tax and medicare, and social security as well as state income taxes.
Property tax also needs to be abolished. Taxed yearly for the right to own land. Inheritance taxes. Same. Your family paid tax on said money then you pay tax when they die and give it to you. So wrong.
Agreed on all counts there.
Inheritance taxes are indeed evil and we can thank Clinton for them.
Property taxes are mixed as they are both Constitutional and of great pedigree. Property taxes fund the state, not the fed, so they support states' rights. However, some states do fine without much of them. So I will join with reducers in property taxes but they are not fighting the real fight.
But OP tax, doubly evil.
And a no tax until you pass fed poverty rate spending. It’s great. Except the rate is very high.
Bubble, don't make this a board where we must get out our weapons to prove the UNFairTax is worse than the beast we now have. I've always respected you, but not today: I cannot accept people saying we should continue to fund the government at current levels but with them taking control over the revenue stream; the high-pressure sales talk aggravates the offense. It would be a pity to have anons fight over the political question of which tax. It diverts resources from our needing to restructure our entire lives around the risk of this hell actually dropping upon us from the smiling McCarthy's clutches.
Tell me which part of my analysis is wrong.
You're relying on statisticians delivering talking points. That's always wrong.
What idiots are making 100K and paying 50K instead of paying an accountant to structure their affairs to pay much less? These idiots might be swayed to the plan rather than putting their money to work. They won't stay at 100K annually for long with that attitude.
All employers will keep the 7.65% they pay on payroll rather than giving it to the employees from whom it was stolen. They will be quiet about this bribe rather than admit the money was taken out of the payroll loop before the employee saw it all along. If you say this hidden tax is another reason for national sales tax, no, it's another reason for abolishing income tax and replacing it with nothing.
Now that's off the cuff. If this keeps up I will get into details and explain why Ron Paul has been fighting these soul-thieves all his life.
Where are you getting this? Everything I say is my own opinions based on my own analysis.
Tons of people do this, almost any salaried professional. Numbers are just rough amounts, and I am sure they can save a bit with deductions etc, but salaried people dont have a lot of leeway.
Thats fantastic. Other employers can then steal the employees at no cost! Free market at work.
The point is, abolishing unconstitutional IRS and abolishing constitutional Income Tax are gonna be a huge huge start in our fight to put an "end to the endless".
There are many arguments you can make regarding sales tax, but not that "its unconstitutional", So it already puts this into a different league.
And dont get me wrong, this may be a huge start, but I will wait for them to follow through with this to limit the debt ceiling, and start lowering it, after collapsing the Fed, and exposing the Magic Money scam to the people.
And in this board, we always have to use our weapons to uncover the truth. So, I encourage you to use your weapons to prove what I said is wrong.
Just remember - the concept of taxing income is unconstitutional, but not the concept of taxing commerce. If you dont like the concept of any taxes - thats an entirely different discussion and you should start a whole new thread on it.
That's my whole point. Revenue-neutral is not my goal, it's my servant government's evil self-serving life-destroying goal. Destroying the IRS should be done whether or not we decide to sell ourselves and our posterity down the river a second time. But if we do the latter, we frogs are the ones responsible and not our great-grandparents who were killed by Aldrich and Rockefeller. Later.
This is the reason why this first step is a huge step. Our job is to spread the word on the normie-sphere that they are only getting rid whats unconstitutional.