Replace All Federal Taxes on Income with the Fair Tax Act of 2011, HR 25 & S 13
Monthly Webinar Series: Understanding The FairTax
WHAT: Understanding the FairTax webinar for Sept., 2009 and Special Topic: Why does the FairTax tax services?
WHEN: Fourth Thursday each month
TIME: 8 – 8:45pm Eastern Time
7 – 7:45pm Central, 6 – 6:45 Mountain, 5 – 5:45 Pacific
WHERE: Your home, your Personal Computer
WHY: To provide an interactive forum for people who cannot get to local meetings to learn about the FairTax and to present Special Topics that are frequently misunderstood or not generally discussed. Education is the weapon of the FairTax grassroots organizations and we educate on the web.
Join Marc Manieri (ma-nair-ee), Americans For Taxation Community Coordinator for the Greater Orlando Area in Florida. Marc’s webinars are drawing national participation from seasoned FairTax supporters as well as those just getting started as a supporter. We help build the knowledge base of those on the front lines as well as those wanting to know what the FairTax is about.
To participate it is necessary to pre-register at this web link
https://www2.gotomeeting.com/register/476518786
You will receive a confirmation email with instructions for signing in at the time of the Webinar.
WHEN: Fourth Thursday each month
TIME: 8 – 8:45pm Eastern Time
7 – 7:45pm Central, 6 – 6:45 Mountain, 5 – 5:45 Pacific
WHERE: Your home, your Personal Computer
WHY: To provide an interactive forum for people who cannot get to local meetings to learn about the FairTax and to present Special Topics that are frequently misunderstood or not generally discussed. Education is the weapon of the FairTax grassroots organizations and we educate on the web.
Join Marc Manieri (ma-nair-ee), Americans For Taxation Community Coordinator for the Greater Orlando Area in Florida. Marc’s webinars are drawing national participation from seasoned FairTax supporters as well as those just getting started as a supporter. We help build the knowledge base of those on the front lines as well as those wanting to know what the FairTax is about.
To participate it is necessary to pre-register at this web link
https://www2.gotomeeting.com/register/476518786
You will receive a confirmation email with instructions for signing in at the time of the Webinar.
Tags: FairTax, Services, Webinar
Replies to This Discussion
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Permalink Reply by Pete Malone on -
Sorry this is so tardy, but I haven't checked in at Fair Tax Nation in a couple of weeks. I'm not sure where your question is aimed, but if you assumed the Fair Tax is an "adder" to current prices, that is incorrect. When the Fair Tax goes into effect, retail prices will quickly DROP as a result of the END of federal taxes on corporations. Competition will do that for us, in the same way it does now within one day for airline fares or car prices. The AVERAGE federal tax (and compliance costs) component in American product pricing is 25.9%. When that is removed and the 23% Fair Tax is added at checkout, net prices paid will be about the same, but should usually be a tad LESS. That will be true for services too. But remember, your take home pay will be 30% GREATER. Sales, production, employment and SAVINGS will all increase. Economists say the growth rate of the economy will TRIPLE. Does that answer your questioin?
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Permalink Reply by Larry Walters on
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I don't know what question you are referring to Pete. If you are talking about the SPECIAL TOPIC in our webinar, read the announcement again and you may get a differenct impression.
The webinar answered the question, Why does the FairTax tax services.
Aside from the question, you are not correct in stating the "average" embedded costs are 25.9%. The research stated that the embedded costs are from 20% to 25% depending on the industry (35 were identified).
However when you consider that part of those embedded costs are the payroll and withholding taxes from an employee you will conclude that if the employee is going to bring home the full paycheck then that amount of money cannot also be used to calculate the lower prices to the consumer. Prices will actually rise a little but the fact that everyone takes home a larger paycheck and gets the prebate means there is no loss in purchasing power. -
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