"I have to agree that Congress could tinker with the Fair Tax after inception. Think about the last downturn, and what they did to encourage buying. We had Cash for Clunkers and tax incentives for green cars. Would Congress reduce…"
Replace All Federal Taxes on Income with the Fair Tax Act of 2011, HR 25 & S 13
Ron Wenrich's Discussions
Fair tax question
Started this discussion. Last reply by chiefcook Apr 20, 2010. 6 Replies 0 Likes
Ron Wenrich's Page
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Ron Wenrich replied to MrGadget's discussion Why is real property included as taxable?"What's to prevent a company to build a house as a business, and paying no tax, flip it and sell it as a residence and pocket the difference? It seems that a tax should be paid when it goes from business to residential.
On the flip…"
Ron Wenrich replied to MrGadget's discussion Why exempt used goods"I understand your broader base. It would be used to offset the taxes on new items. But, that also means that an item that has longer life would be taxed more than those of shorter life spans. A car could be taxed any number…"
Ron Wenrich replied to MrGadget's discussion Why is real property included as taxable?"What would you call a real estate transfer tax? Its levied by states, counties, and municipalities. And that's on property, which includes raw land. Only 13 states do not have a transfer tax.
I'm not sure if…"
Ron Wenrich replied to MrGadget's discussion Why exempt used goods"Let's back up a little bit. You've come on like gangbusters, which I don't mind, but let's look at some of the economics.
The Fair Tax puts the tax at the point of sale, not the point of production. That means…"
Ron Wenrich replied to Arthur Bruce Robertson's discussion First Step to Success for The Fair Tax"I've been following this thread with interest. Like Hank, Terry, and Bruce, I have some reservations about the passage of this bill. And, no, I haven't read the bill. I'm just looking at it from a practical…"
Ron Wenrich replied to steve waszkiewicz's discussion It is up to YOU!"Wouldn't the health insurance premiums be taxable? Or would the employer get a free pass on this, since its deemed a business expense while the private purchaser would get taxed."
Ron Wenrich replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"My conclusion is that FairTax can only work if we try to keep take-home pay (and retail prices) about the same as before ON AVERAGE and accounting for the prebate. Thus, minimum-wage earners would NOT have a reduction in salary. This is the only way…"
Ron Wenrich replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"I'm coming to this party a little late. Hank, I agree with a lot of your thinking, and your math is right on. But, I'm wondering if we're not thinking about savings and retirement funds in a jaded light.
When we put a dollar into…"
Ron Wenrich replied to Arthur Bruce Robertson's discussion Our Best Opportunity for Promoting The FairTax is wasting away!"Thanks for that link. I've taken the time to go over some of the testimony before the committee back in June. There were 90 advisory groups and individuals that made statements. They can be viewed on line.
The Fair Tax was not represented.…"
Ron Wenrich replied to Arthur Bruce Robertson's discussion Our Best Opportunity for Promoting The FairTax is wasting away!"You're probably not going to like what I have to say. I find that one of the failings of the Fair Tax movement is that it is being associated with the political right. That isn't how this issue should be viewed. It isn't a left or…"
chiefcook replied to Ron Wenrich's discussion Fair tax question"When a raw product (farm land) is refined into a new usable product (lots for sale) it becomes a new product. If it is sold to another business (home builder) that will improve the product into an item for retail (home owner) use, the Fair Tax would…"
Joe McCune replied to Ron Wenrich's discussion Fair tax question"The purchase of the farm question is something I've been wondering about. I think I understand that if I purchase an existing home then it would not be taxed.
Now if I purchase a 100 acre farm and keep it intact, there would be no tax on it.…"
cary henderson replied to Ron Wenrich's discussion Fair tax question"> The state tax collection departments would quickly develop methods that will detect this type of fraud. Few businesses need a Ferrari for instance. And if a yacht is used for business purposes an audit can determine if it is also used for…"
Ron Wenrich replied to Ron Wenrich's discussion Fair tax question"Thanks. I sort of figured out the part about the percentage of income. My perspective is that we don't buy any goods or services where the fee is dependent up income. We don't pay a graduated sales tax that is dependent on income. Why…"
Jim Tomasik replied to Ron Wenrich's discussion Fair tax question"I take issue with the claim that a person can only spend 200 million in a lifetime. I challenge Ted to give me 400 million and I bet I can spend it all before the end of the year."
Comment Wall (3 comments)
- At 12:46pm on February 26, 2009,
Bill Rollyson said… - Hi Ron,
Don't forget to join the PA group when you get a chance. Just click on the "Groups" tab at the top and scroll down until you see "Join this group now" and click.
Thank you!
Bill
- At 1:02am on February 12, 2009,
Marilyn Rickert said… - Hi Ron!
Welcome to FairTax Nation!
FairTax Nation a site designed and managed by FairTax volunteers to serve the needs of FairTax advocates by providing a place to share ideas, find resources and create new opportunities with the goal of passing the FairTax HR 25.
On Nation we are working on many projects. One is our 50 State Campaign. We want to link at least 1,000 active volunteers in each state to work together in a national effort to pass the FairTax. That would give us at least 50,000 active volunteers able to communicate, plan events, etc. I know some people want a FairTax rally in Washington D.C. This is how we build the organization to make this event and many others possible.
Please feel free to invite your FairTax friends to join us.
Thank you!
Marilyn Rickert
- At 7:20pm on February 11, 2009, Jim Tomasik said…
- Hello Ron,
Welcome to the site.
Please join your states group under the 'Groups' tab at the top. We are planning a huge year for the FairTax in 2009 so you came to the right place.
Please invite every FairTax supporter you know to join as well. We want to build an army of supporters as quickly as we can.
Thanks for Joining FairTax Nation!
Jim Tomasik
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