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Obama Administration
opposes
opposed
FactCheck.org on the Fair Tax
FactCheck.org did an analysis of the claims in support by proponents of the Fair Tax. Please visit the following link to view the faulty logic of Fair Tax proponents. Fairtax.org provides a rebuttal full of holes and faulty logic at http://www.fairtax.org/site/News2?news_iv_ctrl=1541&page=NewsArticle&id=8249. It’s time for Fair Tax proponents to be honest with the American people about its faults.
22 opposers found this helpful, 1 didn't.
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.
17 opposers found this helpful.
Bruce Bartlett, a top economic advisor to Reagan and Bush, has analyzed the FairTax in enormous detail and thinks it’s “deeply flawed”, its proponents are “dishonest”, and it “simply would not work at all if it were tried, which is why no country has ever attempted to collect all its revenue from a retail sales tax.”
18 opposers found this helpful.
Orwell rolls in his grave………
6 opposers found this helpful, 1 didn't.
The FairTax proposal is actually a 30% tax. That is, if you buy something for $1, with tax it will come to $1.30. Proponents try to minimize this by calling it a 23% tax, since if you spend $1 total, only 23 cents will go to the government. But nobody else calculates sales taxes this way — it’s just deceptive.
7 opposers found this helpful, 1 didn't.
opposed
Phoney as a three-dollar bill
This priority is a shame of deceitful logic. The “Fair” is a fair as the PATRIOT Act is patriotic. Teddy Roosevelt was right that only a progressive tax that taxes the rich proportionally is a “fair” tax. The phony attempt to insulate wealth behind a so-called "fair sales tax is not fair at all or in any way.
7 opposers found this helpful.
While those making $15,000 or less would not be subject to prohibitive sales taxes on everything – cars, homes, gasoline, you name it — it’s those making from $15,000 to $200,000 who will make up the difference. Too many deceptions to name — starting with how 23 percent is a lie. it’s at least 30 percent due to deceptive calculations. Stop this priority now. Oppose it.
6 opposers found this helpful.
Income tax can and should be the most progressive possible tax. In contrast, a sales tax is, by its nature, a regressive tax that taxes less as incomes rise. Either of these taxes can be made complex by adding special provisions, but what we need is a simple progressive tax. In other words, an income tax without a lot of complex special incentives.
6 opposers found this helpful.
“The consumption tax, on the other hand, can only be regarded as a payment for permission-to-live. It implies that a man will not be allowed to advance or even sustain his own life, unless he pays, off the top, a fee to the State for permission to do so. The consumption tax does not strike me, in its philosophical implications, as one whit more noble, or less presumptuous, than the income tax.”
8 opposers found this helpful.
The “FT” pushes the tax burden down onto those who benefit rather little from our current system. If you’re posting here, you’re likely in the top 20% group, or have very high hopes of being there in your lifetime, or your children. But are you really top 1%? (19% of us think we are. Neat trick!)
6 opposers found this helpful.
Under $15k will get bigger tax pre-refunds. Over $200K pay less taxes than now. From $15k – $25K to $200,000 pay much more taxes than we do now. That’s what you find when you really research it.
5 opposers found this helpful.
Obama campaigned on a completely different platform, and the “Fair Tax” didn’t get enough support to get out of the Republican primaries. It is very unlikely President Obama will enact this.
5 opposers found this helpful, 2 didn't.
Fairtax sounds great — but its absurd nonsense, and the Fairtax moonies know it. Fairtax is a con game — look at page 148, the Fairtax book “The federal government ITSELF will become a MAJOR taxpayer” Here is a clue — When the government writes itself checks for this 1.5 trillion in sales tax — who the hello is going to PAY those checks? Fairtax is garbage — it’s not a serious plan. It pretends to get 1.5 trillion dollars in some magical tax on the government.
6 opposers found this helpful.
opposed
the fair tax is not fair
the fair tax is not fair. it tries to be more fair but in the end it just ends up being a nice sounding name for a very bad idea. lets et back to the nice sounding name and change the course of this discussion to something productive.
6 opposers found this helpful.
Other suggestions welcome!
4 opposers found this helpful.
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