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Intriguing - I'll have to read more about it..

Reform is GOOD!!
 
Doc, I've read the book & agree its the way to go...Mickey, FWIW, the name of the book Congtressman Lindler & Neil Bortz wrote is "The Fair Tax Book"....I'd send you mine but I gave it to my son-in-law.
 
Very interesting. I can't see it passing though, at least not in its present simple format. There will be way too many lawyers involved for that to happen.

But I may be pleasantly surprised.......
 
hmmmm... sounds neat!

looks like I have some reading to do!
 
I for one would LOVE to see this happen!
I`m sure any further comment on my part will reflect those of many many others.
Therefore I shall refrain!
 
from the information in that article, it sounds good to me. However, I think I need to read the other documents suggested for the finer details. The theories of having more expendable income sounds good, but it'd be negated if the sales tax on items beyond your "Tax Exempt allotment" is at 30%...
 
Rob - read the book that covers the proposal!
 
I've two copies, one is "out on loan" just now. But there's now a paperback updated version at most booksellers' places. I HIGHLY recommend reading it to anyone/everyone. Linder is the Congressman who introduced it (as HR25).

Makes too much sense to allow it to go unknown. READ the book!!!
 
DrEntropy said:
Makes too much sense to allow it to go unknown.
Click to expand...
/bcforum/images/%%GRAEMLIN_URL%%/savewave.gif
 
I have always felt that an excise tax was a much better way for the feds to collect taxes. There have been lots of studies on this, and the federal government always seems to come out with more money then the way they are doing it now.

Let's face it, the IRS system has turned all of us into liars and cheats, looking for just another way to lower our tax burden. An excise or sales tax is straight forward, and if we don't want to pay, then we don't buy. At least we have some control.

The only other system the is 'fair', is a flat tax...everyone justs pays xx% of income and that's it. No loopholes, no ifs ands or buts. I had a brother-in-law that made over a million bucks one year awhile back, and he payed less income tax then I did making fifty grand. /bcforum/images/%%GRAEMLIN_URL%%/wall.gif

Anyway, I'm going to get a copy of that book.
 
yup, ditto on the book.

I'd like to say that some of the logic in the article makes total sense to me, but at the same time knowing 'big business' as we all should, I personally wouldn't expect the prices of stuff made in the U.S.A. to come down... At least, not for a long time.
 
Stop at B&N or equal on the way home tonight and get the book, you may get a surprise.
 
But Gee, because of a job reduction, look at all those nice IRS people who might loose their jobs, or get a transfer to the true working force. DC needs more street cleaners! I love those people, doesn't it show?
 
Let 'em go find a way to *earn* their keep like the rest of us have had to do, while supporting THEM all these years. See how ~they~ like the REAL world for a change!
 
<div class="ubbcode-block"><div class="ubbcode-header">Quote:]To replace this revenue loss, the Fair Tax will tax all goods and services purchased at the retail level. [/QUOTE]

And a "prebate" too?

And I suppose there'll be exemptions and/or differential rates for food, and medicine and "essentials".

Excuse my scepticism, but this will/would turnout to have as many corners cut and boondoggles doggled as the current system....

ANY tax scheme subject to political tinkering would...
 
This allows NO "tinkering" if passed.

The "prebate" is based on a household per-capita basis. Fixed. No "differential rate" involved.

Assuage your skepticism, read the book.
 
DrEntropy said:
This allows NO "tinkering" if passed.
Assuage your skepticism, read the book.
Click to expand...

What it "allows" and what politicians eventually do to it aren't the same thing. What politicians create they can foul up.

Income tax started out as a far, far simpler and perhaps even more "fair" system. So too for "sales taxes".

The nature of the taxation beast is that some people will eventually feel hard done by and want their politicians to tinker a little with it... just for the "general good" of course, if not to make it all a little "more fair" than it already purports to be.

Besides, what politician is going to put forward a tax proposal and call it anything but "fair"?

My scepticism is well-founded when it comes to taxes.

Fine theory tends to get corrupted by practice....
 
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