this motherfucker knows how to solve the debt crisis

[LyricDreamer95 ! :D]

Bill Gates only pays a 19% effective tax rate

All of those people talking about how half of their money is going to Uncle Sam are lying to gullible people

[Angie223]

I may need to correct that figure to $7,000.




What does that have to do with anything??? People on assistance will still collect money you think may "far exceed $17,000". FailTax doesn't have anything to do with getting rid of welfare programs.


However, the FailTax people will require that your average middle-class family (that is NOT currently on government assistance) also begin getting their $7000 government check, which puts middle-class families into a boat that looks an awful lot like today's welfare programs.

[a_man_could_stand]

except that $1 item today would only be $0.77 on the shelf under the fair-tax. $0.23 tax added at the register and your dollar still buys your travel-size anal lube that you've been buying all along.

[courtt!]

make it harder and more expensive to run a business in the US

bitch at businesses who then leave the US to run business elsewhere

Lose revenue from businesses leaving

raise taxes and fees on remaining businesses to pay for lost revenue

Bitch at more businesses that close up or leave country

increase minimum wage

bitch when companies who are already tight due to economy fire/lay off employees to keep doors open





but hey, it's how to fix things!!!!
at least all the businesses that helped get politicians elected got shitloaRAB of help like zero taxes. Oh wait, even they are moving shit to other countries now.

[veckymksc]

how is a tax system that is already in place at the state and local levels easier to cheat than me filing my taxes every year and fudging on nuraber and making up deductions so i can get a bigger refund? and don't just say "because it is." do you really think that the mom-and-pop shops are so dishonest that they're chomping at the bit to cheat the system (the same one they've been operating under all along)? and do you really think they're going to steal Wal-mart's $420 BILLION in revenue and no one is going to notice they're cheating?





Does the FairTax improve compliance and reduce evasion when compared to the current income tax?

The old aphorism that nothing is certain except death and taxes should be modified to include tax evasion. Tax evasion is chronic under any system so complex as to be incomprehensible. As a percentage of gross domestic product (GDP), tax evasion in 2001 is beyond 2.6 percent, compared to 1.6 percent in 1991. This represents over 16 percent of taxes due. Almost 40 percent of the public, according to the IRS, is out of compliance with the present tax system, mostly unintentionally due to the enormous complexity of the present system. These IRS figures do not include taxes lost on illegal sources of income with a criminal economy estimated at a trillion dollars. All this, despite a major enforcement effort and assessment of tens of millions of civil penalties on American taxpayers in an effort to force compliance with the tax system. Disrespect for the tax system and the law has reached dangerous levels and makes a system based on taxpayer self-assessment less and less viable.

The FairTax reduces rather than increases the problem of tax evasion. The increased fairness, transparency, and legitimacy of the system induces more compliance. The roughly 90-percent reduction in filers enables tax administrators more narrowly and effectively to address noncompliance and increases the likelihood of tax evasion discovery. The relative simplicity of the FairTax promotes compliance. Businesses need answer only one question to determine the tax due: How much was sold to consumers? Finally, because tax rates decrease, tax evasion is less profitable; and because of the dramatic reduction in the nuraber of tax filers, tax evaders are more easily monitored and caught under the FairTax system.

http://www.fairtax.org/site/PageServer?pagename=about_faq_answers#33

[Maadddii x3]

We have record corporate profits and terrible job growth


So obviously we need to increase corporate profits to solve all our job problems

[matotek184]

An item that costs $1 to market on the shelf would cost $1.34 after tax

Almost everyone hates the idea despite many years of trying to polish that turd

[Emmα :)]

you and your AE are the only ones who have been arguing against it. i know your a democrat but your vote only counts once.








oh yeah, DEDKAL is on your side too WINNING!!!

[Rolzey]

My rep!

[Drew K]

Are you sure you know what your effective tax rate is?

Personally, mine varies around 5 to 7 percent. Seems fair enough.


Usually they are talking about all the different taxes they pay corabined. Self employed people see 15% go to payroll tax plus state taxes, and you might even include sales and property taxes every year... shit adRAB up.