I don't like it because everything is a bait and switch. The already high 23.5% rate will increase over time. The prebate will decrease. That's just how it works. All the happy talk about having more control is just that - happy talk. The tax applies to essentials like food and gas. This gives the government more control over how much we pay for those essentials. You know, the same government that is orchestrating food and energy shortages. If the rate goes up, retailers will have no choice but to charge it. We need food and gas and will have no choice but to pay it.
At least now, we can find alternatives to paying income taxes with the underground economy, filing as exempt or not filing at all. The government doesn't control that. I like it that way.
Actually the fair tax makes it so everyone is taxed the same and it’s based on what you buy. No more IRS, no more filing taxes, no more taxation multiple times on the same thing. It’s the fair tax because it is the same for everyone, and it’s on goods so the stores don’t have to charge more for their goods they charge the price and the tax gets tacked on at the end… I don’t think you understand the point of the fair tax, it’s to take it out of the hands of the government.
I might agree with you if essentials like food and energy were exempt. I don't see how this is taken out of the hands of the government. They set the tax rate and the "prebate" amount and income levels. That's a huge amount of control. Once this is in place, they can raise the tax to whatever they want. How much control do we have at that point, especially with things like food and gas? None, because we need those things to live.
I understand that more people will be paying, thus making that aspect of it more fair. And I think it's a great idea to get rid of the IRS and the complicated tax code. However, 23.5% is absolutely outrageous. And it will only go up from there. I think you're underestimating and glossing over the amount of control the government still has.
Also, states charge sales tax and income tax. That has to be factored in. Some states already charge tax on food and it's different in every state. That has to be considered in how much people pay.
Further, why is this "revenue neutral?" Ninety percent of the government is unconstitutional bloat. The senseless wars, the needless busy-body bureaucrat class, weaponized agencies, surveillance apparatus, research on defecating habits of Chinese LGBTQ salamanders and every other money laundering scheme are all baked into that 23.5% rate. It's a bamboozle.
Change it to 2% and they're never allowed to raise it and they've got a deal. Make them live within their means for a change. If I'm misstating something, please correct me.
I think you should go read the fair tax proposal again you are stating things that are covered in it. Your what if’s are covered. About 15 years ago I studied it and was an advocate of it for a while, then moved on due to no traction by government officials because it took their financing away. Their ability to manipulate and redirect funds goes away. It has been years since I delved into it, but if you read it it will answer these questions you have. It is the best plan out there. And FYI you pay about 50% taxes now you just don’t realize it.
I did go back and read it more carefully. I will concede I was not giving the prebate the credence it deserves and I was underestimating the potential benefits to businesses and thus, society at large, by eliminating the burden the IRS and tax code impose on them. My default is to not trust anything Congress does as all trust was broken a long time ago. However, after reading through the plan more thoroughly, I am somewhat more optimistic about it. I will keep an open mind. Thank you for your feedback.
I don't like it because everything is a bait and switch. The already high 23.5% rate will increase over time. The prebate will decrease. That's just how it works. All the happy talk about having more control is just that - happy talk. The tax applies to essentials like food and gas. This gives the government more control over how much we pay for those essentials. You know, the same government that is orchestrating food and energy shortages. If the rate goes up, retailers will have no choice but to charge it. We need food and gas and will have no choice but to pay it.
At least now, we can find alternatives to paying income taxes with the underground economy, filing as exempt or not filing at all. The government doesn't control that. I like it that way.
Actually the fair tax makes it so everyone is taxed the same and it’s based on what you buy. No more IRS, no more filing taxes, no more taxation multiple times on the same thing. It’s the fair tax because it is the same for everyone, and it’s on goods so the stores don’t have to charge more for their goods they charge the price and the tax gets tacked on at the end… I don’t think you understand the point of the fair tax, it’s to take it out of the hands of the government.
I might agree with you if essentials like food and energy were exempt. I don't see how this is taken out of the hands of the government. They set the tax rate and the "prebate" amount and income levels. That's a huge amount of control. Once this is in place, they can raise the tax to whatever they want. How much control do we have at that point, especially with things like food and gas? None, because we need those things to live.
I understand that more people will be paying, thus making that aspect of it more fair. And I think it's a great idea to get rid of the IRS and the complicated tax code. However, 23.5% is absolutely outrageous. And it will only go up from there. I think you're underestimating and glossing over the amount of control the government still has.
Also, states charge sales tax and income tax. That has to be factored in. Some states already charge tax on food and it's different in every state. That has to be considered in how much people pay.
Further, why is this "revenue neutral?" Ninety percent of the government is unconstitutional bloat. The senseless wars, the needless busy-body bureaucrat class, weaponized agencies, surveillance apparatus, research on defecating habits of Chinese LGBTQ salamanders and every other money laundering scheme are all baked into that 23.5% rate. It's a bamboozle.
Change it to 2% and they're never allowed to raise it and they've got a deal. Make them live within their means for a change. If I'm misstating something, please correct me.
I think you should go read the fair tax proposal again you are stating things that are covered in it. Your what if’s are covered. About 15 years ago I studied it and was an advocate of it for a while, then moved on due to no traction by government officials because it took their financing away. Their ability to manipulate and redirect funds goes away. It has been years since I delved into it, but if you read it it will answer these questions you have. It is the best plan out there. And FYI you pay about 50% taxes now you just don’t realize it.
I did go back and read it more carefully. I will concede I was not giving the prebate the credence it deserves and I was underestimating the potential benefits to businesses and thus, society at large, by eliminating the burden the IRS and tax code impose on them. My default is to not trust anything Congress does as all trust was broken a long time ago. However, after reading through the plan more thoroughly, I am somewhat more optimistic about it. I will keep an open mind. Thank you for your feedback.