1
15
71
shomas, edited by Lord Kilborn
FactCheck.org’s statement is based on a http://www.taxreformpanel.gov/final-report/TaxReform_Ch9.pdf ,Figure 9.4. The chart depicts a sales tax invented by the Treasury Department that doesn't repeal regressive payroll taxes, and has a different tax base than the FairTax, causing the reader to wrongly infer the chart portrays the FairTax. Factcheck either simply erred or engaged in intentional deception.
<p>FactCheck.org’s statement is based on a <a href="http://www.taxreformpanel.gov/final-report/TaxReform_Ch9.pdf" rel="nofollow">http://www.taxreformpanel.gov/final-report/TaxReform_Ch9.pdf</a> ,Figure 9.4. The chart depicts a sales tax invented by the Treasury Department that doesn’t repeal regressive payroll taxes, and has a different tax base than the FairTax, causing the reader to wrongly infer the chart portrays the FairTax. Factcheck either simply erred or engaged in intentional deception.</p>
2008-12-20T07:37:50-08:00
6
123
98.8356489170911
1
125
462
Fairtax.org rebuts factcheck.org fact less analysis
1
1.0
0
1
-0.624698822471804
5
763
2009-04-16T19:31:33-07:00
2610
6
99.2109500946193
published
6
2010-01-31T03:16:12-08:00
1378
1
http://www.fairtax.org/site/News2?news_iv_ctrl=1541&page=NewsArticle&id=8249
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
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7
163800
http://is.gd/1tBUr
published
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2010-01-29T00:23:17-08:00
1378
MichaelPlumb, edited by shomas, Caseyatwork, and Bladen
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll taxes with a national retail sales tax on new retail goods and services, creates a household prebate to reimburse taxes payed on purchases up to the poverty level spending, maintains federal revenue at current levels, and, through companion legislation, repeals of the 16th Amendment.
<p>The FairTax plan is a comprehensive proposal that replaces all federal income and payroll taxes with a national retail sales tax on new retail goods and services, creates a household prebate to reimburse taxes payed on purchases up to the poverty level spending, maintains federal revenue at current levels, and, through companion legislation, repeals of the 16th Amendment.</p>
2008-11-24T06:56:21-08:00
4
113
88.5660782157061
1
123
86
The key word is "replace."
8
7.47619047619048
0
2
0.469714616658926
4
763
2009-03-27T20:50:10-07:00
2171
5
96.5119833085555
published
5
2010-01-31T03:11:12-08:00
3489
1
http://www.fairtax.org/site/PageServer?pagename=about_basics_tagline
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
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2010-01-29T00:23:17-08:00
1378
shomas
The FairTax will pass when our grassroots membership grows large enough. We need at least 10,000 voters in each of the 41 districts represented by a Member on the House Ways and Means Committee. We need at least 3,500 voters in every other district across the nation. That totals nearly two million voters, working for passage of the FairTax out of over 130 million registered voters that’s 1.5%.
<p>The FairTax will pass when our grassroots membership grows large enough. We need at least 10,000 voters in each of the 41 districts represented by a Member on the House Ways and Means Committee. We need at least 3,500 voters in every other district across the nation. That totals nearly two million voters, working for passage of the FairTax out of over 130 million registered voters that’s 1.5%.</p>
2008-11-24T16:47:27-08:00
3
99
75.2032728574488
1
104
119
One way to take Action
5
3.47619047619048
0
0
-2.89770478330064
7
763
2008-11-24T16:47:27-08:00
159
1
75.7817585503386
published
8
2010-01-31T03:13:51-08:00
1378
1
http://www.fairtax.org/site/PageServer?pagename=action_main
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
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1378
The Svedberg, edited by shomas and mikenel54
The FairTax and income tax are quoted inclusively. For example, if $3 of every $10 of your income pays taxes then you are paying 30%. With the FairTax, if the after sales tax cost is $10, $2.30 went to taxes at a 23% inclusive rate.
If both taxes were quoted exclusively, a 30% inclusive income tax becomes a 43% exclusive tax, and a 23% inclusive FairTax becomes a 30% exclusive tax.
<p>The FairTax and income tax are quoted inclusively. For example, if $3 of every $10 of your income pays taxes then you are paying 30%. With the FairTax, if the after sales tax cost is $10, $2.30 went to taxes at a 23% inclusive rate.<br />
If both taxes were quoted exclusively, a 30% inclusive income tax becomes a 43% exclusive tax, and a 23% inclusive FairTax becomes a 30% exclusive tax.</p>
2008-11-23T17:11:42-08:00
3
67
46.1595397961504
8
70
29
FairTax is quoted as inclusive tax for income tax comparison
3
2.47619047619048
0
0
-3.17562254259502
4
763
2008-12-19T11:43:34-08:00
560
3
45.4601077297459
published
12
2010-01-31T03:13:36-08:00
2301
1
www.fairtax.org
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
0
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1378
shomas
Bill Archer, former head of the House Ways and Means Committee, asked Princeton University Econometrics to survey 500 European and Asian companies regarding the effect on their business decisions if the US enacted the FairTax. 400 companies stated they would build their next plant in the United States, and 100 companies said they would move their corporate headquarters to the US.
<p>Bill Archer, former head of the House Ways and Means Committee, asked Princeton University Econometrics to survey 500 European and Asian companies regarding the effect on their business decisions if the US enacted the FairTax. 400 companies stated they would build their next plant in the United States, and 100 companies said they would move their corporate headquarters to the US.</p>
2008-11-27T06:06:08-08:00
1
27
13.4974740253398
0
27
184
The Fair Tax will relocate jobs here
0
0.0
0
0
-0.271058227242323
2
763
2008-11-27T06:06:09-08:00
243
1
13.2264157980974
published
2
2010-01-31T03:14:37-08:00
1378
1
http://en.wikipedia.org/wiki/FairTax#Economic
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
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7
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http://is.gd/1tBUr
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2010-01-29T00:23:17-08:00
1378
oterj0
Highly graduated personal incomes taxes and capital gains taxes make it extremely difficult for the middle class to be upwardly mobile. Earning more money means less marginal value for the extra work (due to higher marginal rates) and any attempt to save and invest will result in more taxes on the gains. Let's promote middle class folks investing more and consuming less by enacting the Fair Tax
<p>Highly graduated personal incomes taxes and capital gains taxes make it extremely difficult for the middle class to be upwardly mobile. Earning more money means less marginal value for the extra work (due to higher marginal rates) and any attempt to save and invest will result in more taxes on the gains. Let’s promote middle class folks investing more and consuming less by enacting the Fair Tax</p>
2008-11-23T20:52:39-08:00
0
27
13.0202658592094
0
29
44
The Fair Tax is Pro-Middle Class
1
0.476190476190476
0
1
-3.19602317517277
5
763
2008-11-23T20:52:39-08:00
57
1
10.3004331602271
published
5
2010-01-31T03:02:59-08:00
1471
1
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
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7
163800
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1378
Caseyatwork, edited by DavidFL10
The Fairtax founders hired independent experts and put them in a room with a single goal - find a better tax system. They thought the experts would come up with a flat income tax. The experts came back with a national sales tax with a high personal exemption. The prebate achieves the exemption.
Each subsequent study supports the concept of the FairTax as preferable to the current income tax!
<p>The Fairtax founders hired independent experts and put them in a room with a single goal – find a better tax system. They thought the experts would come up with a flat income tax. The experts came back with a national sales tax with a high personal exemption. The prebate achieves the exemption. <br />
Each subsequent study supports the concept of the FairTax as preferable to the current income tax!</p>
2008-11-24T16:54:18-08:00
1
25
12.5124516395308
0
26
120
FairTax is fair and sound
1
0.476190476190476
-1
0
-0.351245085190039
2
763
2008-11-24T19:25:11-08:00
164
2
12.6373970305312
published
1
2010-01-31T03:14:02-08:00
3441
1
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
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1
0
7
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http://is.gd/1tBUr
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1378
Lord Kilborn
A recent (Jan. 16, 2009) article noted that 83 of the US's top 100 companies maintained subsidiaries in countries with low or no taxes to avoid the punitive nature of US corporate taxes.
Under the FairTax, the money in those subsidiaries would filter back to the US, because corporations would have NO need to move money to other countries to avoid US taxes that force them to get creative.
<p>A recent (Jan. 16, 2009) article noted that 83 of the US’s top 100 companies maintained subsidiaries in countries with low or no taxes to avoid the punitive nature of US corporate taxes.</p>
<p>Under the FairTax, the money in those subsidiaries would filter back to the US, because corporations would have NO need to move money to other countries to avoid US taxes that force them to get creative.</p>
2009-01-17T18:10:33-08:00
0
28
12.1269310370423
0
28
676
FairTax would end the necessity of corporate tax havens
0
0.0
0
0
-0.17562254259502
1
763
2009-01-17T18:10:33-08:00
832
1
11.9513084944473
published
1
2010-01-31T03:18:49-08:00
6750
1
http://apnews.myway.com/article/20090116/D95OHIB80.html
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
0
7
163800
http://is.gd/1tBUr
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2010-01-29T00:23:17-08:00
1378
Growlith69
When you have a consumption tax you pay tax on the money that you spend. If you are rich and you buy more stuff or more expensive stuff you pay more tax. PLUS the fairtax issues a prebate to EVERY head of household in the ammount of the predetermined tax burden on necessities. This is a short list, my recommendation is to read the fairtax book. You dont know enough about it to comment my friend.
<p>When you have a consumption tax you pay tax on the money that you spend. If you are rich and you buy more stuff or more expensive stuff you pay more tax. <span class="caps">PLUS</span> the fairtax issues a prebate to <span class="caps">EVERY</span> head of household in the ammount of the predetermined tax burden on necessities. This is a short list, my recommendation is to read the fairtax book. You dont know enough about it to comment my friend.</p>
2008-11-24T21:42:24-08:00
0
21
10.4832296912425
1
23
122
To the guy who thinks the fairtax is a tax cut for the rich
1
1.616
-1
1
-1.81030888945849
3
763
2008-11-24T21:42:24-08:00
165
1
10.288920801784
published
3
2010-01-31T03:14:13-08:00
2640
0
www.fairtax.org
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
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7
163800
http://is.gd/1tBUr
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2010-01-29T00:23:17-08:00
1378
LimeyGeek
Rather than preemptively taking a percentage of your income, the FairTax only collects revenue for the government *as you spend*.
Poorer people, with less 'buffer room' in their household budgets, will be able to economize with the knowledge that every penny they save will be tax free. This provides a potent route towards improving financial situations.
<p>Rather than preemptively taking a percentage of your income, the FairTax only collects revenue for the government <strong>as you spend</strong>.<br />
Poorer people, with less ‘buffer room’ in their household budgets, will be able to economize with the knowledge that every penny they save will be tax free. This provides a potent route towards improving financial situations.</p>
2008-11-26T05:32:32-08:00
0
22
9.76830735867309
0
23
169
FairTax Empowers the Poor
1
0.476190476190476
0
0
0.0
0
763
2008-11-26T05:32:32-08:00
222
1
10.2444978348636
published
0
2010-01-31T03:03:52-08:00
1878
1
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
0
7
163800
http://is.gd/1tBUr
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2010-01-29T00:23:17-08:00
1378
pianoman#1, edited by pfred
Everyone who is a legal resident in the US would benefit from the fair tax. Read the bill or the book if you can read. If not, ask someone to read the book or the bill to you. It is simple. you get money from the government each month.
Above is condescending, While I encourage all to read it...
What I like most is that it will flip most of the ills we are currently facing, no more space left.
<p>Everyone who is a legal resident in the US would benefit from the fair tax. Read the bill or the book if you can read. If not, ask someone to read the book or the bill to you. It is simple. you get money from the government each month.<br />
Above is condescending, While I encourage all to read it…<br />
What I like most is that it will flip most of the ills we are currently facing, no more space left.</p>
2008-11-23T15:32:03-08:00
1
21
9.73321140494993
2
22
19
Those that oppose have no clue about benefits for all.
1
-0.523809523809524
1
0
-3.47697555612515
5
763
2008-11-30T06:18:28-08:00
292
2
5.73242632501525
published
8
2010-01-31T03:13:10-08:00
2174
1
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
0
7
163800
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2010-01-29T00:23:17-08:00
1378
MCass
Most people don't truly understand the burdens our current system puts on us. To do your taxes once a year does not seem at all a burden. However, talk to your local small business owner. They have to deal with tax issues on a daily basis. This costs time and money, not to mention the unfair burden of responsiblity and liability that has been passed on to them in cases where mistakes are made.
<p>Most people don’t truly understand the burdens our current system puts on us. To do your taxes once a year does not seem at all a burden. However, talk to your local small business owner. They have to deal with tax issues on a daily basis. This costs time and money, not to mention the unfair burden of responsiblity and liability that has been passed on to them in cases where mistakes are made.</p>
2009-01-23T07:58:27-08:00
0
18
8.85202714729613
0
18
771
Ask small businesses how this would effect them.
0
0.0
0
0
-0.307692307692308
1
763
2009-01-23T07:58:27-08:00
940
1
8.54433483960382
published
1
2010-01-01T07:49:09-08:00
5951
1
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
0
7
163800
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2010-01-29T00:23:17-08:00
1378
Wardo, edited by Lord Kilborn
It makes the rate of taxation obvious if you spend $100 and on your receipt you see that $23 of it was for taxes. Currently, you see your take home pay (after taxes) and you never see the excise taxes, duties, fees, etc. hidden in the price of everything you buy. When people receive "refunds", they get back money they have overpaid the government - yet it looks like the govt is giving them money.
<p>It makes the rate of taxation obvious if you spend $100 and on your receipt you see that $23 of it was for taxes. Currently, you see your take home pay (after taxes) and you never see the excise taxes, duties, fees, etc. hidden in the price of everything you buy. When people receive “refunds”, they get back money they have overpaid the government – yet it looks like the govt is giving them money.</p>
2008-12-26T15:41:19-08:00
1
13
6.32135163821756
0
13
552
It makes everyone aware of the rate of taxation.
0
0.0
0
0
0.0
0
763
2009-01-14T19:19:38-08:00
817
2
6.32135163821756
published
0
2010-01-31T03:05:22-08:00
2004
1
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
0
7
163800
http://is.gd/1tBUr
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2010-01-29T00:23:17-08:00
1378
Lord Kilborn, edited by shomas
Opponents of the FairTax attempt to derail the FairTax revolution by deceptively claiming that the FairTax will impose an ADDITIONAL 30% tax ON TOP of what we presently pay. In reality The FairTax replaces the 22% embedded production taxes with a sales tax totaling 23% of all that we buy, with the prebate covering 100% of the tax on purchases up to the poverty level of spending.
<p>Opponents of the FairTax attempt to derail the FairTax revolution by deceptively claiming that the FairTax will impose an <span class="caps">ADDITIONAL</span> 30% tax ON <span class="caps">TOP</span> of what we presently pay. In reality The FairTax replaces the 22% embedded production taxes with a sales tax totaling 23% of all that we buy, with the prebate covering 100% of the tax on purchases up to the poverty level of spending.</p>
2009-01-12T01:07:44-08:00
3
17
5.99904492311925
0
17
642
Opponents often misrepresent the rate
0
0.0
0
0
0.0
0
763
2009-03-14T11:30:25-07:00
1620
4
5.99904492311925
published
0
2010-01-31T03:18:08-08:00
6750
1
http://www.fairtax.org/PDF/TheFairTaxGoodForTaxpayersBusinessEconomy.pdf
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
0
7
163800
http://is.gd/1tBUr
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2010-01-29T00:23:17-08:00
1378
deerichards
I wonder if the politicians have even thought about the fact that FairTax would turn all illegal immigrants into illegal taxpaying visitors. Huge problem solved.
<p>I wonder if the politicians have even thought about the fact that FairTax would turn all illegal immigrants into illegal taxpaying visitors. Huge problem solved.</p>
2009-03-26T17:53:14-07:00
0
10
5.87489104952974
0
10
1756
FairTax answering the illegal immigrant problem
0
0.0
0
0
0.0
0
763
2009-03-26T17:53:14-07:00
2117
1
5.87489104952974
published
0
2010-01-31T03:09:41-08:00
2306
1
Taxes
2
431
2008-11-14T16:10:47-08:00
679
46
11
431
40
6248
763
false
Replace the federal income tax with the FairTax
3
8
0
-1
112
1
1
0
1
0
1
0
1
0
7
163800
http://is.gd/1tBUr
published
0
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2010-01-29T00:23:17-08:00
1378