Even 5% would be acceptable so long as no income taxes are stolen. People would be able to save way more and most likely spend more when time is right. As the world becomes more awake, less evil is needed to show them.
We should eliminate property taxes while we're at it. If there's one thing you should own that nobody can take from you it should be your house. As long as you have to pay property taxes, it's nothing more than renting your land from the government.
In confused by the 16th amendment then, what does this mean if not that they can tax income? "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
Technically, "income" means "profit." With regards to the 16th amendment, only a corporation (a "legal entity" or "legal fiction" AKA not a natural person) can accumulate profit. A person engaged in trade, AKA a "like kind exchange," which includes the exchange of labor for other goods and services does not include any profit.
When you get into the exchange of money however (Federal Reserve Notes), things get a little more tricky. Exchanging FRNs for labor is not a like kind exchange because money has no value, on the contrary, it is a note of debt. It is kinda like negative value. Labor on the other hand has positive value. Exchanging something with negative value for something with positive value is not a "fair" exchange, and thus has different rules. Those rules (called the Tax Code) are up to the corporation that owns that "money" (the Federal Reserve). Or more specifically, their agency that makes all those rules, the private organization called the IRS. They dictate the rules of money. The Tax Code and Federal Law (illegally created, but "law" nonetheless) are sometimes congruent, but not always.
I think the way they manage it is because there may be a corporation, a trust, that is created in your name, through Social Security, and that is what is taxed. You are not subject to paying "income taxes" but the corporation, that has the same name as you, is. And you, as a signatory to your Social Security Number (or Taxpayer Identification Number) are legally bound to pay the taxes for that corporation.
I still need to figure out exactly how this is accomplished, but I think that is how it works.
Interesting thoughts. However, when you sign on behalf of a corporation, or entity other than yourself, you include your title so as to designate you are acting on behalf of the entity. For example, you would include president, treasurer, director, member, manager, etc.
If you sign just your name, that means you and not an entity.
Since none of us know if some other entity exists to represent us, it would be a clear violation of contract law and any of these contracts would be non-binding.
You can't be a party to a contract if you never legally agreed to be a party to a contract.
If that wasn't the case, I could sign anyone's name on a loan and make them pay it for me. While that might be nice, it's not going to happen. 😉
Seems on point to me. All connected to legal name fraud. Birth certificate fraud. Accepting the corporate entity as yourself verbally and/or in writing.
In confused by the 16th amendment then, what does this mean if not that they can tax income? "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
That amendment was NEVER properly or lawfully ratified. It is as fraudulent as the last handful of elections.
Income tax and IRS are unconstitutional and always will be.
property tax = you don't own property, you rent it. because if you stop paying property tax the govt will take it away from you. do you call that ownership?
It's the same thing renting from an HOA. You don't pay their bullshit fines, they put a lien on your house. You don't pay the lien fast enough for them, they'll repo your house. They're basically a government. HOA's should be unconstitutional.
Most states have a way of collateralizing liens. Make a cash payment to the local court of 115% or so of the amount of the lien and it is now not encumbering your property. It is then up to the lien holder to figure out how to foreclose on the collateral. Which nobody seems to understand. And the timelines to do so are much shorter in this regard. Where I used to live, you got 2 years to do it or it goes away. Doesn’t mean you can’t still file suit over the money; just that you do not have any security interest in property while you do it. Some asshole contractor tried that shit on me. He never figured out how to get the money lol
Edit: forgot to add, after the 2 years is up with no action you get your collateral back
Because the entire point is to make them figure out how to foreclose on the collateral. When they don't do it, you get the money back. If the do, then they'll only recover what the lien was for, not the excess. Courts will make you deposit more than the amount to collateralize. Perhaps to cover court costs in the event you lose the proceeding.
My Town apparently voted for local taxes. I remember they tried this 20 years ago. I don't think anybody ever filled it out and then they ended up doing way with it. I certainly won't be filling it out this time either.
It is based on spending. It is one way that the rich will pay more taxes than the poor. I have nothing against honest rich people, but it is a very fair tax. The people who have little money to spend on extras will pay less taxes.
"It is based on spending. It is one way that the rich will pay more taxes than the poor."
Wrong, laddie. That's only true in absolute terms. Proportionately, this "fair" tax would take a bigger and bigger proportion of income as the amount of income decreases.
There is no way this can be rationalized. It's a flagrant steal, plain and simple.
If you and a guy who makes $250k more per year than you both buy a loaf of bread, why do you get to pay no tax and he have to pay 100% tax?
Thats patently unequal treatment under the law. You should both pay 20% combined for all levels of government and be done with it. If you spend nothing, the government gets nothing.
Most people are talking about the shadow economy where you pay billy to wash your car every week for $40, and then neither of you reports it to the IRS so billy doesnt have to pay taxes on it.
Its a government wet dream to be able to tax all of this, which is why they are desperate for you to venmo/whatever your money everywhere.
Yes, which is why i support a sales-tax-only model. Shit between friends doesnt need the governments nose in it, which is why it shouldnt have a vested interest in monitoring everything.
I don't think the Fair Tax applies to essential foods or basic clothing. I may be wrong about that (its been a while since I even seen it mentioned), but I am pretty sure that was the case.
UBI is also part of the Fair Tax. It replaces replaces welfare. UBI is also used to offset the impact of the Fair Tax on the poor.
Things may have changed. Regardless, I would be for this so long as the income tax is ABOLISHED and the cap for the Fair Tax is set to something reasonable. At one point, the Fair Tax was proposed as a 20% tax .... I've seen it go as high as 30% ... I think the range is on purpose though ... if the tax can be capped at 30% and introduced at something like 20%, raising it should be a pain in the ass as people would feel the impact of it the day after it is increased.
I would much prefer to control what I am paying in taxes. Taxing income is fucking barbaric and pathetic ... the 'progressive' system makes it even worse.
The Laffer curve agrees. Revenue peaks around 22-25% (total tax rate… sales, income, state, federal, etc) and anything more starts to lower total revenue collected, as I recall.
Yeah, income tax is unconstitutional. Tax on commerce is the only tax that is required. It also helps people who spend less and save more to grow their savings pre-tax. Levels the playing field with all the million loop holes they have for hedge funds etc
There are also exemptions, so not everything will be 30%. This tax would allow people to save their money if they wish to. I like the idea. I just don't trust what Democrats would do when they get back into power.
The only way that happens is with fixed elections. COMPLETELY fixed elections. Oh, and all the criminals going to prison, or Gitmo. I am also 100% for putting every single person who is found guilty of voter fraud in prison for many years. Even at the lowest levels. WHEN they are released, if ever, make it a felony for any of them to touch a ballot.
First it's going to be 20-30% . Then it'll be changed to 50%. Then 100%. This effectively gives government better ability to induce inflation at a whim.
No more taxes! Government needs funding? Reenact tariffs instead.
Tariffs are pretty much identical to a sales tax, the item is just taxed on import instead at time of sale. The American people still pay the cost of a tariff.
The Fair Tax should concern everyone of any age who has managed to save any of their earnings. We already paid income tax on the money we earned. Now they want to tax those earnings again when we spend it.
Finally..the correct response! The elected rich want to keep their money flowing in…first to get re-elected by how much they spend to make you think you’re happy, but mainly to enrich themselves. They will NEVER allow it.
Tax is not the problem. The government does need income in order to operate, and you would not want to live somewhere with any sizeable population without some form of functional government.
The questions are how to appropriately fund the government and how to ensure that the government serves the population rather than itself.
Good points from u/Simpleton9 (not sure the person who down-voted you even understands what you're saying) and you. I would think that would be a simple enough mechanism to implement - whatever savings and already-taxed assets one has before a FT implementation date are exempt from further taxation. It could be as simple as getting an exempt debit card for whatever amount you choose to withdraw from your savings account, for example. Go to a store or shop online, purchase the goods, use the card and no tax can be taken. Banks would simply have to keep an additional data point on record until such a time as the already-taxed account shows a zero balance.
It was simple to understand and a very good point, too. I imagine the down-votes are from knee-jerk reactions from those who (erroneously) think you're against the FT completely. In fact, your point that already-taxed assets need to be considered and protected when implementing a FT don't detract from the benefits and good sense of a properly implemented FT system whatsoever; it strengthens the "fair" aspect of it. Thanks for bringing the topic up in this post.
It eliminates the income tax so that there would only be a sales tax at the federal level. States would still be in charge their own tax plans whatever they may be.
Well right. But if i got paid 100,000 last year and was only able to get 60,000 because of taxes, then that 60,000 is already-taxed money. Fairtax bill passes tomorrow, now my taxed 60,000 in the bank is going to be taxed again at 30%. So it sucks for savers if this passes, your amassed savings accounts got taxed as income tax AND fair tax
I see your point. I am sure that before we can transition to the new system there needs to be the financial cleanup, and probably retunr of trillions already stolen by various means. Some of this can fund the transition.
If the tax on work for pay is actually eliminated, sure. If they are taxing one's labors as a service; No Way Over Hell. Same applies to taxing savings again once one decides to spend it.
If you think about it, you already are paying more taxes when you spend, even before the FairTax. It's just the hidden tax that every company has to build into their prices to pay their own income taxes, and payroll taxes. The FairTax removes those burdens from companies and consumer prices will come down.
As long as the Federal government sees fit to waste my tax money on stupid shit like gender studies for Pakistanis, and “weapons of war” in Ukraine, they don’t deserve a single penny.
Absolutely. When the governments are not allowed to print unlimited money via Central Banks, there will be no way to fund Cabal ops like gender studies in pakistan, or for that matter would there be a way to fund any wars.
Income Taxes are purely needed to pay interest to the Central Banks for the privilege of letting them print our money. No CB, no Income Tax.
The only tax thats valid is commercial tax - either domestic or international or both. Its purely a policy decision and people need to vote accordingly.
Those communities that can live tight and dont need too much "common goods" can stick with import tax only - low sales tax. Those who want to go crazy with virtue signalling will have to vote for higher taxes. Every program needs to be ear marked with the % of sales tax its costing - so people can make informed decision.
The "federal government" is a private trust, acting as a corporation, masquerading as the "American government". They have a money tree. They don't need one dime from us to operate. "Taxes" exist to ensure the continuation of their neo-feudalism.
That's what they want us to think. Why would the private owners of the Fed need our phony phiat when they can just print up their own currency any time they want and not be under any obligation to tell their servants about it?
when they can just print up their own currency any time they want
This is a common misconception. They can't print currency just like that without exposing their nefarious schemes.
The entire field of modern economics and financial system is essentially a complex system to keep this scam going without getting caught, and to explain away whatever problems that do happen in terms of abstract concepts that ordinary person has no chances of piercing through.
This requires using thousands of economists who are unwitting participants in this fraud (just like doctors in the vaccine fraud), and hence they need a solid sounding basis for their scheme.
Its a "Narradigm" - fake paradigm created through narrative, and taxes are very much necessary for this paradigm to work.
How would you know? You think somebody would tell you, the public?
How hard is it to type up some digits and send them to the secret accounts of your choice?
It's a private corporation - The Crown corporation. They can, and do whatever they want. They own the printer. They own the banks. They own the governments. They own everything.
They gave official US Treasury $20 & $100 printing plates to the former Soviet Union in the 1950s and 1980s as well as the current CCP in the 1990s and 2000s.
They are lying about everything and cheating in every conceivable way. There isn't an ounce of truth in their "official" documents. Those are just the books to keep the sheeple asleep.
Very simple. If they just keep printing money then all the prices will shoot to the moon and we will be in Weimar republic in no time. Since it hasn't happened, I know that they have an elaborate system in place.
Not if nobody knows about it. They've been secretly printing money for themselves since time immemorial. Probably 1000x what the official numbers are. Maybe even more. It's an absolute certainty.
Weimar was deliberate debasement due to the completely unfair and impossible Versailles sanctions. Everybody, including the Germans, knew what they were doing. They said "you want us to pay impossible amounts? Very well, we'll print impossible sums".
Consider the fraud of implementing the Fed itself. How can you not realize they wouldn't be printing money for themselves to the nth degree? Of course they are. If you or I had the moral character to do what they did to gain control of the money printer, we'd do the same.
Do you think they told the Soviets and CCP to make sure they only printed XYZ zillion bills? Do you think the Soviet and CCP leaders respected those wishes? LOL.
It's an inarguable certainty that this is what's going on. It's human nature for those on the dark path. Greed.
All the M1, M2, M3, etc. figures are pure fantasy. They're whatever the owners of the Fed want them to be. It's all lies. Just like their employment numbers, CPI, jobs reports, fake news, viruses, wars, medicine, legal system, education, history. I hate to break it to you, but it's all lies from top to bottom.
I think you are missing my whole point. You think I am saying "they are not printing unlimited money" and you keep arguing accordingly.
What I am saying is "They are printing unlimited amounts, but thats not the whole story. They also need to build a whole economic system around it to keep the scam going. If you simply print unlimited amount without the necessary subterfuges, then it becomes obvious due to hyperinflation"
Complete garbage. There are provisions for people who do not make enough money, just like there is in the tax code now.
The fair tax is something you can control, where as IRS is not. If you want to pay low taxes, buy less stuff. Rich people will have to pay the 30% for things like multiple houses, cars, yachts, all the stuff they buy to stay on top of their "one up" game will be taxed.
Only buy the stuff you need and on occasion, stuff you want. It will certainly help you to save money and consume less.
Read Neal Bortz's fair tax book. Quick read and explains in a way that any government educated person can follow. It's not a terrible plan compared to today's bullshit.
ok just saw this posting so I'm a few days behind. "read the fairtax book". Where is this book, if it's a real thing? This fair tax debate has been around for MANY years and I'd like to read this book. You know, all in one place, no MAJOR output to understand the fundimentals (sp-sounds that way anyway). Will you so kindly, regardless of how stupid I sound, clue me in?
Please dear God. I don't mind suffering a little longer
When people realise this, it means GA is working. Its not just waking up normies to the evils of the world, but also waking up the awoken for the necessity of the time its taking.
End the corruption first, then put a team of patriot geek's together to shake out a maximum, fair tax. Stop throwing out bs #'s without accountability of the exact breakdowns.
But perhaps first we need to tear down the military industrial complex, alphabets, black op financials, etc etc
There is no fair tax. I don't care who is pushing it. This taxing shit has got to stop. Even if they imposed a very tiny tax IT WILL NEVER STAY THAT WAY. Once the people agree to something, that door is OPEN. I highly question if the feds can constitutionally tax us anyway. Property and income taxation are UNCONSTITUTIONAL. Your property includes your house and land, your means of transportation and your own body. Take a wrecking ball to every level of government, get rid of every agency, org, act, bureau and the like....especially get rid of the IRS and fed reserve. THEN see how small your government is supposed to be.
I see what they do locally. We are the poorest county and have the highest taxes in Taxachusetts. Stop the effing insanity, stop all the damned taxes, fire 99% of the parasites destroying the town. Then see how little it takes to chip in and run reasonable things. These filth are robbing the stupid people, building, building, pissing away money like it grows on trees. They have a ready pot of gold to do as they please and they are out of control. THEY WORK FOR US, DAMMIT.
Income tax, property tax, estate tax, inheritance - all of these are unconstitutional and against natural law. Commercial taxes are entirely constitutional.
If our country adhered to the Constitution, there would be almost no tax at all, only for defense of our country, and ONLY our country. Any plan that ignores the Constitution is fuckery.
They will never be "in power" again. We have taken our country back. We are witnessing the fallout. Can't wait for "The Best Is Yet To Come" part. Movie is in its final act.
I answered this in another comment - but my stand is that Fed should only run on import duties and interstate commerce tax. Local sales tax should be set by the State, and the amount is a policy decision, left to the people, depending on how generously they want their government to spend their money.
Chuck can hide his Ukraine kickbacks and hire tax attorneys to beat the irs. He knows he can’t beat the point of sale invoice at his Cadillac dealer or boat dealer. He will be just like the normal people that he hates.
23-30% is WAY too high. I'd bet that a federal sales tax of 2% across the board would generate more revenue than they take in now..
Even 5% would be acceptable so long as no income taxes are stolen. People would be able to save way more and most likely spend more when time is right. As the world becomes more awake, less evil is needed to show them.
We should eliminate property taxes while we're at it. If there's one thing you should own that nobody can take from you it should be your house. As long as you have to pay property taxes, it's nothing more than renting your land from the government.
No inheritance tax either. My kids shouldn’t have to lose out on my sacrifice because Uncle Sam wants to double dip.
Allof the. are unconstitutional. Government can only tax commerce.
In confused by the 16th amendment then, what does this mean if not that they can tax income? "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
Abolish the 16th!!!!! It is theft!!!
Technically, "income" means "profit." With regards to the 16th amendment, only a corporation (a "legal entity" or "legal fiction" AKA not a natural person) can accumulate profit. A person engaged in trade, AKA a "like kind exchange," which includes the exchange of labor for other goods and services does not include any profit.
When you get into the exchange of money however (Federal Reserve Notes), things get a little more tricky. Exchanging FRNs for labor is not a like kind exchange because money has no value, on the contrary, it is a note of debt. It is kinda like negative value. Labor on the other hand has positive value. Exchanging something with negative value for something with positive value is not a "fair" exchange, and thus has different rules. Those rules (called the Tax Code) are up to the corporation that owns that "money" (the Federal Reserve). Or more specifically, their agency that makes all those rules, the private organization called the IRS. They dictate the rules of money. The Tax Code and Federal Law (illegally created, but "law" nonetheless) are sometimes congruent, but not always.
I think the way they manage it is because there may be a corporation, a trust, that is created in your name, through Social Security, and that is what is taxed. You are not subject to paying "income taxes" but the corporation, that has the same name as you, is. And you, as a signatory to your Social Security Number (or Taxpayer Identification Number) are legally bound to pay the taxes for that corporation.
I still need to figure out exactly how this is accomplished, but I think that is how it works.
Interesting thoughts. However, when you sign on behalf of a corporation, or entity other than yourself, you include your title so as to designate you are acting on behalf of the entity. For example, you would include president, treasurer, director, member, manager, etc.
If you sign just your name, that means you and not an entity.
Since none of us know if some other entity exists to represent us, it would be a clear violation of contract law and any of these contracts would be non-binding.
You can't be a party to a contract if you never legally agreed to be a party to a contract.
If that wasn't the case, I could sign anyone's name on a loan and make them pay it for me. While that might be nice, it's not going to happen. 😉
Seems on point to me. All connected to legal name fraud. Birth certificate fraud. Accepting the corporate entity as yourself verbally and/or in writing.
That amendment was NEVER properly or lawfully ratified. It is as fraudulent as the last handful of elections.
Income tax and IRS are unconstitutional and always will be.
It was forcefully ratified.
And man this is a good thread!!! Lots of good info in here!!!
u/#pepeguitar
And capital gains and gambling tax
They'll pass that after the die off.
property tax = you don't own property, you rent it. because if you stop paying property tax the govt will take it away from you. do you call that ownership?
It's the same thing renting from an HOA. You don't pay their bullshit fines, they put a lien on your house. You don't pay the lien fast enough for them, they'll repo your house. They're basically a government. HOA's should be unconstitutional.
Most states have a way of collateralizing liens. Make a cash payment to the local court of 115% or so of the amount of the lien and it is now not encumbering your property. It is then up to the lien holder to figure out how to foreclose on the collateral. Which nobody seems to understand. And the timelines to do so are much shorter in this regard. Where I used to live, you got 2 years to do it or it goes away. Doesn’t mean you can’t still file suit over the money; just that you do not have any security interest in property while you do it. Some asshole contractor tried that shit on me. He never figured out how to get the money lol
Edit: forgot to add, after the 2 years is up with no action you get your collateral back
Why pay more than what the lien is?
Because the entire point is to make them figure out how to foreclose on the collateral. When they don't do it, you get the money back. If the do, then they'll only recover what the lien was for, not the excess. Courts will make you deposit more than the amount to collateralize. Perhaps to cover court costs in the event you lose the proceeding.
Shut up. You’ll own nothing and be happy. Now eat your bugs.
Then people can quit complaining about Bill Gates buying up all the farmland, because he doesn't really own that, either. Can't have it both ways.
My Town apparently voted for local taxes. I remember they tried this 20 years ago. I don't think anybody ever filled it out and then they ended up doing way with it. I certainly won't be filling it out this time either.
“Voted”
Worst most evil tax in my opinion.
It is based on spending. It is one way that the rich will pay more taxes than the poor. I have nothing against honest rich people, but it is a very fair tax. The people who have little money to spend on extras will pay less taxes.
"It is based on spending. It is one way that the rich will pay more taxes than the poor."
Wrong, laddie. That's only true in absolute terms. Proportionately, this "fair" tax would take a bigger and bigger proportion of income as the amount of income decreases.
There is no way this can be rationalized. It's a flagrant steal, plain and simple.
"Proportionate" taxation is a theft tactic.
If you and a guy who makes $250k more per year than you both buy a loaf of bread, why do you get to pay no tax and he have to pay 100% tax?
Thats patently unequal treatment under the law. You should both pay 20% combined for all levels of government and be done with it. If you spend nothing, the government gets nothing.
...and for those with illegal, unreported income to actually pay taxes.
Honest question, what's illegal, unreported income to you?
Most people are talking about the shadow economy where you pay billy to wash your car every week for $40, and then neither of you reports it to the IRS so billy doesnt have to pay taxes on it.
Its a government wet dream to be able to tax all of this, which is why they are desperate for you to venmo/whatever your money everywhere.
What if a friend bought tickets to a concert/movie and you're just reimbursing them? All this shit is insane.
Yes, which is why i support a sales-tax-only model. Shit between friends doesnt need the governments nose in it, which is why it shouldnt have a vested interest in monitoring everything.
$1 to the federal (or any) government is too much. It’s my money. I earned it. Not them.
They started out with 23% just a few weeks ago. Now they are at 30%. None of those idiots can be trusted.
Dude, if that's federal tax, $100 in groceries turns into $123, and that's before any state taxes. That's insane.
I don't think the Fair Tax applies to essential foods or basic clothing. I may be wrong about that (its been a while since I even seen it mentioned), but I am pretty sure that was the case.
UBI is also part of the Fair Tax. It replaces replaces welfare. UBI is also used to offset the impact of the Fair Tax on the poor.
Things may have changed. Regardless, I would be for this so long as the income tax is ABOLISHED and the cap for the Fair Tax is set to something reasonable. At one point, the Fair Tax was proposed as a 20% tax .... I've seen it go as high as 30% ... I think the range is on purpose though ... if the tax can be capped at 30% and introduced at something like 20%, raising it should be a pain in the ass as people would feel the impact of it the day after it is increased.
I would much prefer to control what I am paying in taxes. Taxing income is fucking barbaric and pathetic ... the 'progressive' system makes it even worse.
I agree the rate is too high, but look what is stolen in from your paycheck each pay period and compare that with that $23/week.
What--23%?!?!? What happened to 15%, which is still about five times too high?
They already taking 30-35% of my paycheck
what the fuck? so it's more than 50% of your income
The Laffer curve agrees. Revenue peaks around 22-25% (total tax rate… sales, income, state, federal, etc) and anything more starts to lower total revenue collected, as I recall.
It's a sales tax and eliminates the IRS.
Yeah, income tax is unconstitutional. Tax on commerce is the only tax that is required. It also helps people who spend less and save more to grow their savings pre-tax. Levels the playing field with all the million loop holes they have for hedge funds etc
There are also exemptions, so not everything will be 30%. This tax would allow people to save their money if they wish to. I like the idea. I just don't trust what Democrats would do when they get back into power.
My fervent hope is that the demon party will, as Q states, cease to exist.
https://qalerts.app/?q=%232635
The only way that happens is with fixed elections. COMPLETELY fixed elections. Oh, and all the criminals going to prison, or Gitmo. I am also 100% for putting every single person who is found guilty of voter fraud in prison for many years. Even at the lowest levels. WHEN they are released, if ever, make it a felony for any of them to touch a ballot.
Amen.
And the route to completely fixed elections is the Awakening.
Needs to be 1/10 of that, to be "FAIR"
We already pay 50% in income tax, plus sales tax, can this dude not do math? and his statement sounds exactly like Joe's, using the same words.
First it's going to be 20-30% . Then it'll be changed to 50%. Then 100%. This effectively gives government better ability to induce inflation at a whim.
No more taxes! Government needs funding? Reenact tariffs instead.
Tariffs are pretty much identical to a sales tax, the item is just taxed on import instead at time of sale. The American people still pay the cost of a tariff.
"Tariffs are pretty much identical to a sales tax,"
No, they are not. Tariffs only affect imported goods.
Until we produce our own goods domestically.
Tariffs are the same too lol
A national "sales tax" would:
It makes too much sense for Politicians to implement. If they actually solve problems, then their donor money gravy train ceases.
But the Fair Tax considers work for pay a saleable item. Unless they prevent this, it should be a no-go no-brainer.
https://fairtax.org/
The Fair Tax should concern everyone of any age who has managed to save any of their earnings. We already paid income tax on the money we earned. Now they want to tax those earnings again when we spend it.
How about zero taxes? Taxation is theft!!!!
Finally..the correct response! The elected rich want to keep their money flowing in…first to get re-elected by how much they spend to make you think you’re happy, but mainly to enrich themselves. They will NEVER allow it.
Tax is not the problem. The government does need income in order to operate, and you would not want to live somewhere with any sizeable population without some form of functional government.
The questions are how to appropriately fund the government and how to ensure that the government serves the population rather than itself.
Thank you. Only voice of reason here. This has the added benefit of bringing education back into the house.
fair tax is instead of income tax.
But what we have in savings account has already been income taxed. If it's Fair-taxed when spent it got double taxed
Good points from u/Simpleton9 (not sure the person who down-voted you even understands what you're saying) and you. I would think that would be a simple enough mechanism to implement - whatever savings and already-taxed assets one has before a FT implementation date are exempt from further taxation. It could be as simple as getting an exempt debit card for whatever amount you choose to withdraw from your savings account, for example. Go to a store or shop online, purchase the goods, use the card and no tax can be taken. Banks would simply have to keep an additional data point on record until such a time as the already-taxed account shows a zero balance.
Thanks. I re-read what I wrote. Seems pretty simple to understand.
It was simple to understand and a very good point, too. I imagine the down-votes are from knee-jerk reactions from those who (erroneously) think you're against the FT completely. In fact, your point that already-taxed assets need to be considered and protected when implementing a FT don't detract from the benefits and good sense of a properly implemented FT system whatsoever; it strengthens the "fair" aspect of it. Thanks for bringing the topic up in this post.
Bingo
It eliminates the income tax so that there would only be a sales tax at the federal level. States would still be in charge their own tax plans whatever they may be.
Well right. But if i got paid 100,000 last year and was only able to get 60,000 because of taxes, then that 60,000 is already-taxed money. Fairtax bill passes tomorrow, now my taxed 60,000 in the bank is going to be taxed again at 30%. So it sucks for savers if this passes, your amassed savings accounts got taxed as income tax AND fair tax
True, I don't like the fact that it doesn't go backwards but if it stops the bleed for me in the future, I'll take what I can get.
Well I would probably just spend everything before it hit to lose as little as possible
I see your point. I am sure that before we can transition to the new system there needs to be the financial cleanup, and probably retunr of trillions already stolen by various means. Some of this can fund the transition.
If the tax on work for pay is actually eliminated, sure. If they are taxing one's labors as a service; No Way Over Hell. Same applies to taxing savings again once one decides to spend it.
Zero taxes!!!
If you think about it, you already are paying more taxes when you spend, even before the FairTax. It's just the hidden tax that every company has to build into their prices to pay their own income taxes, and payroll taxes. The FairTax removes those burdens from companies and consumer prices will come down.
As long as the Federal government sees fit to waste my tax money on stupid shit like gender studies for Pakistanis, and “weapons of war” in Ukraine, they don’t deserve a single penny.
Absolutely. When the governments are not allowed to print unlimited money via Central Banks, there will be no way to fund Cabal ops like gender studies in pakistan, or for that matter would there be a way to fund any wars.
Income Taxes are purely needed to pay interest to the Central Banks for the privilege of letting them print our money. No CB, no Income Tax.
The only tax thats valid is commercial tax - either domestic or international or both. Its purely a policy decision and people need to vote accordingly.
Those communities that can live tight and dont need too much "common goods" can stick with import tax only - low sales tax. Those who want to go crazy with virtue signalling will have to vote for higher taxes. Every program needs to be ear marked with the % of sales tax its costing - so people can make informed decision.
The "federal government" is a private trust, acting as a corporation, masquerading as the "American government". They have a money tree. They don't need one dime from us to operate. "Taxes" exist to ensure the continuation of their neo-feudalism.
IRS was created same year as Fed. Income tax is used mostly to pay the interest to the Fed, for the privilege of letting them enslaving us.
That's what they want us to think. Why would the private owners of the Fed need our phony phiat when they can just print up their own currency any time they want and not be under any obligation to tell their servants about it?
Simplicity!
This is a common misconception. They can't print currency just like that without exposing their nefarious schemes.
The entire field of modern economics and financial system is essentially a complex system to keep this scam going without getting caught, and to explain away whatever problems that do happen in terms of abstract concepts that ordinary person has no chances of piercing through.
This requires using thousands of economists who are unwitting participants in this fraud (just like doctors in the vaccine fraud), and hence they need a solid sounding basis for their scheme.
Its a "Narradigm" - fake paradigm created through narrative, and taxes are very much necessary for this paradigm to work.
How would you know? You think somebody would tell you, the public?
How hard is it to type up some digits and send them to the secret accounts of your choice?
It's a private corporation - The Crown corporation. They can, and do whatever they want. They own the printer. They own the banks. They own the governments. They own everything.
They gave official US Treasury $20 & $100 printing plates to the former Soviet Union in the 1950s and 1980s as well as the current CCP in the 1990s and 2000s.
They are lying about everything and cheating in every conceivable way. There isn't an ounce of truth in their "official" documents. Those are just the books to keep the sheeple asleep.
Very simple. If they just keep printing money then all the prices will shoot to the moon and we will be in Weimar republic in no time. Since it hasn't happened, I know that they have an elaborate system in place.
Not if nobody knows about it. They've been secretly printing money for themselves since time immemorial. Probably 1000x what the official numbers are. Maybe even more. It's an absolute certainty.
Weimar was deliberate debasement due to the completely unfair and impossible Versailles sanctions. Everybody, including the Germans, knew what they were doing. They said "you want us to pay impossible amounts? Very well, we'll print impossible sums".
Consider the fraud of implementing the Fed itself. How can you not realize they wouldn't be printing money for themselves to the nth degree? Of course they are. If you or I had the moral character to do what they did to gain control of the money printer, we'd do the same.
Do you think they told the Soviets and CCP to make sure they only printed XYZ zillion bills? Do you think the Soviet and CCP leaders respected those wishes? LOL.
It's an inarguable certainty that this is what's going on. It's human nature for those on the dark path. Greed.
All the M1, M2, M3, etc. figures are pure fantasy. They're whatever the owners of the Fed want them to be. It's all lies. Just like their employment numbers, CPI, jobs reports, fake news, viruses, wars, medicine, legal system, education, history. I hate to break it to you, but it's all lies from top to bottom.
I think you are missing my whole point. You think I am saying "they are not printing unlimited money" and you keep arguing accordingly.
What I am saying is "They are printing unlimited amounts, but thats not the whole story. They also need to build a whole economic system around it to keep the scam going. If you simply print unlimited amount without the necessary subterfuges, then it becomes obvious due to hyperinflation"
If he’s against it, I’m for it!
What is the modern day tea we could dump over board?
Let's do voting machines. Then we could take care of 2 problems at once.
Bankers (after first making sure they are wearing safety vests, of course 😂 )
If schumer hates it, it is good for Americans.
excellent comment!
Taxation is theft. And is the fair tax really that high?
Just a reminder of Schumer's gleeful participation in the coverup of Ruby Ridge and Waco.
https://www.youtube.com/watch?v=5iT5Gx6eaRA
Complete garbage. There are provisions for people who do not make enough money, just like there is in the tax code now.
The fair tax is something you can control, where as IRS is not. If you want to pay low taxes, buy less stuff. Rich people will have to pay the 30% for things like multiple houses, cars, yachts, all the stuff they buy to stay on top of their "one up" game will be taxed.
Only buy the stuff you need and on occasion, stuff you want. It will certainly help you to save money and consume less.
https://www.congress.gov/bill/118th-congress/house-bill/25?s=1&r=18**
Or better yet, drop taxes to zero, implement import tax, stop unnecessary spending/stealing of federal tax funds… win all around
Read Neal Bortz's fair tax book. Quick read and explains in a way that any government educated person can follow. It's not a terrible plan compared to today's bullshit.
Thanks, here is a link (for my own reference)
I would suggest to anyone on the fence, to read the fairtax book. The fairtax imo is very very good
ok just saw this posting so I'm a few days behind. "read the fairtax book". Where is this book, if it's a real thing? This fair tax debate has been around for MANY years and I'd like to read this book. You know, all in one place, no MAJOR output to understand the fundimentals (sp-sounds that way anyway). Will you so kindly, regardless of how stupid I sound, clue me in?
somehow this passes and we get it to work
People become more frugal with their money
Federal govt tax money pool dries up like the Sahara
Politicians only get paid a working mans salary
Everyone is happy but the black hats
Please dear God. I don't mind suffering a little longer
When people realise this, it means GA is working. Its not just waking up normies to the evils of the world, but also waking up the awoken for the necessity of the time its taking.
This is what winning looks like. No one believes this person anymore.
Why should we tax citizens? Why can't we get all our revenue from tariffs?
Is this a 5D chess move? Get Democrats to rage against fair tax act. GOP says ok, compromise we abolish IRS and 0% fair tax.
End the corruption first, then put a team of patriot geek's together to shake out a maximum, fair tax. Stop throwing out bs #'s without accountability of the exact breakdowns.
But perhaps first we need to tear down the military industrial complex, alphabets, black op financials, etc etc
Fed needs to go before anything
Facts
I would trust Ron Paul over Neil Boortz any day. Just say no to any hidden 'tax on work for pay!
I like how he touches on the subject.of Social Security not being available. "We dont know if it will be there"
So, who is going to stop taxing us for that then?
There is no fair tax. I don't care who is pushing it. This taxing shit has got to stop. Even if they imposed a very tiny tax IT WILL NEVER STAY THAT WAY. Once the people agree to something, that door is OPEN. I highly question if the feds can constitutionally tax us anyway. Property and income taxation are UNCONSTITUTIONAL. Your property includes your house and land, your means of transportation and your own body. Take a wrecking ball to every level of government, get rid of every agency, org, act, bureau and the like....especially get rid of the IRS and fed reserve. THEN see how small your government is supposed to be.
I see what they do locally. We are the poorest county and have the highest taxes in Taxachusetts. Stop the effing insanity, stop all the damned taxes, fire 99% of the parasites destroying the town. Then see how little it takes to chip in and run reasonable things. These filth are robbing the stupid people, building, building, pissing away money like it grows on trees. They have a ready pot of gold to do as they please and they are out of control. THEY WORK FOR US, DAMMIT.
Income tax, property tax, estate tax, inheritance - all of these are unconstitutional and against natural law. Commercial taxes are entirely constitutional.
It’s a prep for nesera
Appears to be a step in that direction if it were to ever happen
Fuck you, Upchuck. You want to steal 30% of my money? Isn't the current inflation bad enough?
Upchuck Schumer. I love it.
If our country adhered to the Constitution, there would be almost no tax at all, only for defense of our country, and ONLY our country. Any plan that ignores the Constitution is fuckery.
So the Demonrats are now all on camera condemning income tax. Yeah, sounds like Trap bait to me. LOLOL Bring on the Fair Tax.
This is a 5D chess move to get rid of income tax. By democrats condemning a “fair tax” they can’t backtrack and propose it. The goal is no tax.
Agree. My comment. You drew the inference perfectly.
Taxation is shit i get it. But it IS one way to combat inflation. Probably the most effective too.
This is the big lief the modern monetary theory. I will make a longer comment tomorrow.
Look forward to it.
This applies to the Fed and inflation as well. End The Fed!
So is not spending trillions on woke crap.
So is not bailing out the shitty banking system that has "crises" every 8-10 years...
What's going to keep DC from inching it up to 35%, then 40%, then 45%...
They will never be "in power" again. We have taken our country back. We are witnessing the fallout. Can't wait for "The Best Is Yet To Come" part. Movie is in its final act.
I answered this in another comment - but my stand is that Fed should only run on import duties and interstate commerce tax. Local sales tax should be set by the State, and the amount is a policy decision, left to the people, depending on how generously they want their government to spend their money.
What stops them from doing it to income tax?
Chuck can hide his Ukraine kickbacks and hire tax attorneys to beat the irs. He knows he can’t beat the point of sale invoice at his Cadillac dealer or boat dealer. He will be just like the normal people that he hates.
www.fairtax.org is the way
https://fairtax.org/