Would create a 30% to 89% sales tax on all purchases

FairTax as written proposes a 30% sales tax on all purchases. But with a sales tax so high, lots of people will try to get out of paying it. That’s why the nonpartisan Brookings Institution estimates that with enforcement it will have to be a 65% tax, Congress’s tax experts say 57%, and the Treasury Department says 89%. Whichever it is, it’s ridiculously high.

Talking points helpful to opposers

“fair tax” would only tax the money you buy things with, middle income earners (<200k/yr) who spend nearly all their money to maintain their standard of living, would pay taxes on nearly all their income. while high income earners would pay less taxes then they currently do (currently 35% on income + sales tax on consumption) and they wouldn’t be taxed on most of their business transactions (where they keep most of their money) allowing the rich to become richer, faster, from these transactions.

1 opposer found this helpful.

While a national sales tax look like a winning idea at first, no more dogging the system by having an illegal and undisclosed source of income and so on, it has one major draw back. We live in a nation that has a credit economy. Adding a 25% national sales tax to what we already charge to high intrest credit cards is only going to make things worse for us, the tax payers. Plus, a thirty year morgage pays the bank six times the value of loan. Add an addition 25% to the principle in taxes.

1 opposer found this helpful.

Fairtax is an absurd deception - its actually a massive new tax on cities and states that Fairtax deliberately hides in their fine print. Fairtax leaders have no intention of even having Congressional hearings on this farce. because in ten minutes, this absurd deception of a new massive tax would be exposed. Fairtax has NOT fooled corporations, who do NOT support it. Nor have they fooled retailers, who oppose it. Fairtax is an ironic name – its really the FARCE tax.

2 opposers found this helpful.

Recent activity on this talking point
Lester Bennett marked Would create a 30% to 89% sales tax on all purchases unhelpful Wed Oct 07 19:49:30 -0700 2009 Comment
Faux Outrage marked Would create a 30% to 89% sales tax on all purchases helpful Wed Aug 12 10:06:36 -0700 2009 Comment
H. Evers marked Would create a 30% to 89% sales tax on all purchases unhelpful Wed Aug 05 08:41:20 -0700 2009 Comment
savannah marked Would create a 30% to 89% sales tax on all purchases helpful Tue Jun 02 02:47:36 -0700 2009 Comment
laughingcossack marked Would create a 30% to 89% sales tax on all purchases helpful Fri May 01 22:19:50 -0700 2009 Comment
James Atkinson marked Would create a 30% to 89% sales tax on all purchases helpful Wed Apr 22 14:47:19 -0700 2009 Comment
Patriot Actor marked Would create a 30% to 89% sales tax on all purchases helpful Mon Apr 13 15:56:10 -0700 2009 Comment
ziglet1 marked Would create a 30% to 89% sales tax on all purchases unhelpful Wed Apr 08 15:45:25 -0700 2009 Comment
herfmonster marked Would create a 30% to 89% sales tax on all purchases unhelpful Fri Mar 27 04:06:55 -0700 2009 Comment
Concerned marked Would create a 30% to 89% sales tax on all purchases unhelpful Thu Mar 26 13:46:13 -0700 2009 Comment

Authors
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Helpful to endorsers?
Chart?chco=009933,ccff99&cht=p&chd=s:b9&chs=50x50      3 YES
     123 NO
Helpful to undeclared?
Chart?chco=ffcc00,ffff99&cht=p&chd=s:9t&chs=50x50      4 YES
     3 NO
Helpful to opposers?
Chart?chco=cc0000,ffd6d6&cht=p&chd=s:9a&chs=50x50      17 YES
     0 NO
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