FairTax

[gatorjohn]

He is a Republican and is the bills sponsor in congress. The idea came from economists from several major universities. If enough of the peoples voices are heard (write to your congressmen and senators) this could be law by the 08 election.

[Bigscrb15]

I hope it is law soon. Would solve A LOT of our problems. Look at Canada, they pay 15% sales tax on everything and they get free health care. imagine what we could do with 23% on new our stuff.

[dnigels]

I cast a No vote.  The problem I see is the big ticket items (house, autos), the logic that the pass through costs will be eliminated thereby reducing the base price of items, is a pipe dream that WILL NEVER happen folks.  I am in favor of a flat rate 15% income tax.  We can than take the current tax code and throw it on a bonfire.

Canada's free health care sucks so bad, most people who need any timely or detailed treatment travel to the U.S. and pay huge (no insurance) for it.

[Mr. Fixit]

With a flat tax illegals still do not pay taxes and we still support them. With the fair tax they do pay taxes and take the bourdon off us.

[Mr. Fixit]

As far as houses and autos,if two dealers are selling the same car,they will always try to under cut each other. The same as two gas statoins on the same corner. If one is priced at 2.20 and one at 2.25 where are all the people going to get gas. Soon the other will drop his price to stay competitive. 

[tat2mike]

what about property taxes i suppose they will be affected as well right?   

[Bigscrb15]

what about property taxes i suppose they will be affected as well right?  

No, you will still pay property tax because that is on the local level. Fair Tax is just Federal

[dnigels]

With a flat tax illegals still do not pay taxes and we still support them. With the fair tax they do pay taxes and take the bourdon off us.

The govt. could certainly do more to combat illegal aliens.  But the biggest problem is the greed of the American Citizen (me included).  Don't hire illegal aliens!  Supply and demand dictates if they don't have any money (taxed or not taxed) the problem, as far as whether they pay tax on it is moot.  They can't buy goods either, so the attraction of coming here will be diminished considerably.

I don't want to pay to support illegal aliens either!

The money made from taxing 15% of the mega-rich incomes (much of which is now loop-holed out) is 100 fold more than what we are shelling out for illegal alien support programs and lost taxes.

Combine these ingredients, and I believe you will have a winner!  Thats just my 2cts.

[Quadracer]

I think it is a great tax!

[dreadhed]

I cast a No vote.  The problem I see is the big ticket items (house, autos), the logic that the pass through costs will be eliminated thereby reducing the base price of items, is a pipe dream that WILL NEVER happen folks.  I am in favor of a flat rate 15% income tax.  We can than take the current tax code and throw it on a bonfire.

Canada's free health care sucks so bad, most people who need any timely or detailed treatment travel to the U.S. and pay huge (no insurance) for it.

The tax would only be on new cars & homes.  Just think how many taxes are in a new house now.  Everyone who works on the house & all of the supplies have taxes that are passed on the the buyer.  I like the Fair Tax, but I would also take for the flat tax over the current system.

[scamutz]

The way I see it, the best thing about the Fair Tax is that I don't get penalized for the amount of money that I work to earn.  AND, I am in control of how much tax I pay.  If I don't want to pay excess taxes, don't buy new cars, grow a garden, drink more water, etc. etc.  Reality is that i'm probably too lazy to do those things, but as least I'm in control...  I don't see that there's a loser anywhere.

[gatorjohn]

The way I see it, the best thing about the Fair Tax is that I don't get penalized for the amount of money that I work to earn.  AND, I am in control of how much tax I pay.  If I don't want to pay excess taxes, don't buy new cars, grow a garden, drink more water, etc. etc.  Reality is that i'm probably too lazy to do those things, but as least I'm in control...  I don't see that there's a loser anywhere.

All excelent points! Please check out the website and sign the petition. The more names the better.

[dnigels]

The talk is the use tax on new items replacing income tax.  Incom tax is Federal.  Current sales taxes are State taxes.  THEY ARE NOT GOING AWAY!