The Fair Tax, what rate is appropriate?

nathanbforrest45 · #21 (**permalink**) 02-21-2007, 04:13 PM

Quote:

Originally Posted by gmeyers1944

I am convinced that the fair tax is the way to go. However, knowing politicians, it will be necessary to repeal the 16th amendment ( income tax) or we will have both a fair tax and an income tax.

Boortz acknowledges that. Its like the state lotteries for education. We have the lottery but we also still have the taxes (which aren't being spent on education)

rob · #22 (**permalink**) 02-21-2007, 04:13 PM

Quote:

Originally Posted by gmeyers1944

I am convinced that the fair tax is the way to go. However, knowing politicians, it will be necessary to repeal the 16th amendment ( income tax) or we will have both a fair tax and an income tax.

gm, your right about this. I read the book over a year ago and I still have to go back from time to time to re read portions of the book.

nathanbforrest45 · #23 (**permalink**) 02-21-2007, 04:16 PM

Quote:

Originally Posted by gmeyers1944

I am convinced that the fair tax is the way to go. However, knowing politicians, it will be necessary to repeal the 16th amendment ( income tax) or we will have both a fair tax and an income tax.

gmeyers, I note that we are both celebrating the 41st anniversary of our 21st birthday this year

rob · #24 (**permalink**) 02-21-2007, 04:22 PM

Quote:

Originally Posted by nathanbforrest45

gmeyers, I note that we are both celebrating the 41st anniversary of our 21st birthday this year

Nate, when is the party going to be?

Roman · #25 (**permalink**) 02-22-2007, 11:55 AM

Quote:

Originally Posted by gmeyers1944

I am convinced that the fair tax is the way to go. However, knowing politicians, it will be necessary to repeal the 16th amendment ( income tax) or we will have both a fair tax and an income tax.

That's a great point, Steve Forbes also always talks about that which is why he supports the flat tax. He said on Fox one time that politicans would be only one cause away from bringing it back (income tax) if the fair tax was implemented. Like I said earlier, we need to make sure politicians at the state level don't take advnatge of it as well by increaing state income tax, especially since the state levels are no where near as visible.

Sam · #26 (**permalink**) 02-22-2007, 11:59 AM

Quote:

Originally Posted by rob

The flat tax is a step in the right direction, but the fair tax is actually the best. If you buy something you pay a tax for it and if you save your money and make fewer purchases you pay less in tax. At some point goverment needs to get out of our business and just govern.

Is there a spark notes version of this fair tax you speak of? Does it tax goods like food etc?

rob · #27 (**permalink**) 02-22-2007, 12:06 PM

The book is called the Fair Tax. It can be ordered online or bought at your local book store.

nathanbforrest45 · #28 (**permalink**) 02-22-2007, 01:41 PM

Quote:

Originally Posted by Sam

Is there a spark notes version of this fair tax you speak of? Does it tax goods like food etc?

Sparks Notes???? Why not just read it for yourself and make your own opinions about the ideas presented. The title of the book is "Fair Tax Book, Saying Goodbye to the Income Tax and the IRS" It's authors are Neal Boortz and John Linder and can be found on Amazon.com for about $11.00. Its not a large book and I am sure that someone of your superior talent can read it in very short order.

rob · #29 (**permalink**) 02-22-2007, 02:18 PM

Quote:

Originally Posted by nathanbforrest45

Sparks Notes???? Why not just read it for yourself and make your own opinions about the ideas presented. The title of the book is "Fair Tax Book, Saying Goodbye to the Income Tax and the IRS" It's authors are Neal Boortz and John Linder and can be found on Amazon.com for about $11.00. Its not a large book and I am sure that someone of your superior talent can read it in very short order.

Nathan, Sam will read and then tell us all about it. LO I am just glad to have read the book myself.

Deadshot · #30 (**permalink**) 02-22-2007, 02:30 PM

Quote:

Originally Posted by rob

Nathan, Sam will read and then tell us all about it. LO I am just glad to have read the book myself.

I've heard a little about this book. It's biggest problems are that it's simplistic and it would probably work better!!!

Imagine - No tax Accountants needed, No bueracrcy in the IRS, everyone knowing from day to day or purchase by purchase just how much they've paid to Uncle Sam and how much they'll probably pay in a year, No back taxes, etc.

Ah well, welcome to politics and government. It's never the BEST way, it's the way that is BEST presented.