FairTax

I just want to say I know that won't last.

Carry on.

 

I am not sure what spending your money on what you want has to do with my point but as long as one of does I guess it is OK.

You don't have a choice on paying what you owe in taxes. You do have a choice on when and how you pay it. You can pay more than you need to and try to get a refund, or you can bring home more money per check and use that money to make you more money. You will have enough to pay only what you need to and if you are smart a little more do go buy something........like race entries.

The first way is easy and ives people a feeling of free money come tax time. In reality you could very easily be costing you some cash.

 

Strick's doing just fine. Really, I'm tired of arguing this.

 

We shall see.

 

With this type of endorsment I am frantically searching for the 'eject' button.









Just kidding my little believer buddy.:up:

 

Especially since there's strong lobbying from guys with masters in taxation, who have a vested interest in keeping the tax code as convoluted as it is so that even the IRS can't figure it out any longer. Won't need those guys with fair tax - all of thier knowledge of stupid rules, regulations and loopholes will become useless, and therefore extinct. The H&R Block's of the world will have to figure out another business model. Maybe you can point out a bad thing about that scenario.

 

huh?

 

Dont forget the IRS itself. Government entities don't go away... just find something else to justify their budgets and keep their jobs.

 

What?

 

I can list plenty that have gone away. Think about it for a while and I bet you can too.

 

I am confused which scenario I am supposed to point out the bad thing about and why.

 

It helps if you sound out the big words.

 

Can't think of any gov't entities that were disbanded... what are you thinking of Frank?

So, concerning this fairtax website, it appears business don't pay the tax on the things they buy? that doesn't sound very "fair" to anyone but business owners.

The other thing I didn't see addressed was the assumption that this consumption tax won't induce people to over save. Wasn't that a contributing factor to Japan's stagnation even with 0% interest? Their society saves TOO much, to the point where economic stimulating strategies weren't working?

 

But is it from a prominent university?

 

I don't think it matters from where he gets it. University of Phoenix would be fine. Just any kind of background at all. The degree is pretty crap anyway, it just lets you get the job, and *that's* where you get the experience.

Edit: scratch that--the degree *prepares* you for the job. I don't want someone saying I said the degree was pointless. It's definitely helpful.

 

I got my last degree a decade or so after I got the job. What it did do was satisfy the HR department's requirements for me to advance up the ladder.

 

Jay, ever find out who is behind the web site and where the money is coming from?

 

Really easy to ask them directly. [email protected]

Hmmm, says in this pdf they are based in Tejas. http://www.fairtaxvolunteer.org/pdf/PocketCardEnglishversion.pdf

Read the book yet?

 

I didn't read this whole thread so excuse me if someone already posted it. "Fair tax" is just a sales tax. Here is a "Real Fair Tax".

Government income $ devided by # of citizens over 21 = your tax obligation.
USA Net income/Cit over 21= Tax liability = "Real Fair Tax"

Everyone pays the same amount no matter how much they make. That would be fair. When five guys buy a pizza they split it five ways. They don't split up the bill based on who makes what.