"There is no way to completely solve this problem. One idea that could help is to offer a higher prebate based on the age someone starts receiving S.S. benefits. For example at age 62 you could receive an additional $100 per month; if you wait until…"
Replace All Federal Taxes on Income with the Fair Tax Act of 2011, HR 25 & S 13
Steve Keller's Page
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Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"I would like all the FairTax bashers to respond to the following assumption. Let’s assume for a moment that the FairTax is our current tax system. Let’s further assume there is a new FairerTax bill in congress that would replace the…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"For me it is worth $200 per month to know my kids and grandkids can save anyway they choose with before tax dollars. The only regret I have is knowing my savings have been ripped off by our current tax system from the time I invested my very first…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"It's not the FairTax will treat retires unfairly; it is our current system that requires them to save with after tax dollars that has for year treated them unfairly. Saying the FairTax is unfair to retires is like saying a surgeon is at fault…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"I agree with you 100% but, have you ever seen our federal government pass a bill as originally written. If HR25 is ever approved, it will probably end up being over 2000 pages and during the next 10 years they will add another 10,000 pages; this is…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"Hank, your income is almost identical to our income. Our combined S.S. income is $26,400 per year and my pension and our after tax savings represents an additional $16,000 per year. Of this $42,400 we were able to save approximately $10,000 last…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"If a retired couple is trying to survive solely on S.S. their combined income averages around $1800 per month. If they were to spend their entire income, which I am sure they do, their tax under the FairTax would be $4968. This couple’s…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"During the past 225 years over 1-million Americans have sacrificed their lives for the betterment of their children and future genterations. Now we have those who complain about their current after taxed savings being taxed again under the FairTax;…"
Marilyn Rickert left a comment for Steve Keller"Welcome to FairTax Nation!
This is the site where the grassroots share ideas, plan events, and work together to pass the FairTax!
We have begun the Grassroots Freedom Ride on June 2 which will be a caravan of motorcycles, trucks and cars that will…"
"Steve, WELCOME, WELCOME, WELCOME, to FTN from the desert section of WA state! Be sure to go to all the candidate's websites in your state and send them an email asking them if they would "endorse the FairTax on their website & pledge…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"I now see there is a new bill being presented to congress called a Federal retail sales tax. It calls for a 1% tax on every transaction me make. It would even be charged when we use an ATM machine. This is an add-on tax. We can not let this happen.…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"I understand, I am retired and my wife and I are trying to survive on our Social Security checks and a small pension. Under our current system, we pay no income tax. I just feel our country needs the FairTax for future generations. I recently…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"You remind me of my farmer grandfather. I can remember my dad telling me this story. For many years after the invention of the tractor my grandfather still used a team of horses to plow his fields. His reasoning was that if he bought a tractor he…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"Exactly, so which is the better tax system for those wishing to sell their business? We can stick with our old broken down system and continue to punish all those who wish to sell their businesses sometime in the future or we can approve the…"
Steve Keller replied to E Wolf's discussion On Implementation of Fair Tax - Taxed Twice on Savings?"Just think, if your friend would sell his business under the FairTax, he would receive the entire $1-million. He could invest this money and pay no tax on the earnings from this investment. He would pay no embedded taxes and compliance cost…"
Profile Information
- Name or Internet Handle
- Wiseoldowl
- City, Town or County
- Eustis
- State / U.S. Territory
- FL
- Zip Code
- 32726
Comment Wall (2 comments)
- At 12:04pm on August 2, 2010, Marilyn Rickert said…
- Welcome to FairTax Nation!
This is the site where the grassroots share ideas, plan events, and work together to pass the FairTax!
We have begun the Grassroots Freedom Ride on June 2 which will be a caravan of motorcycles, trucks and cars that will travel the 48 states educating the public on the FairTax.
We also have 150+ other FairTax groups you may be interested in joining. Just click on the "groups" tab at the top of the page.
Our Forum and Blog pages are also popular areas for sharing FairTax ideas. Don't miss the live chat at the far bottom of the page or the calendar with lots of events to attend.
Questions? Just ask!
Again Welcome!
Marilyn
- At 5:19am on July 18, 2010,
Jamie Wheeler said…
- Steve, WELCOME, WELCOME, WELCOME, to FTN from the desert section of WA state! Be sure to go to all the candidate's websites in your state and send them an email asking them if they would "endorse the FairTax on their website & pledge to cosponsor the FairTax upon being elected".
Gooooooo FairTax! Now go get all the FairTax supporters you know signed up on here, FTN, so we can boast of over 10,000 supporters! Have a great week!
Be sure to join your state group so you won't miss out on emails sent to the group's members with the latest!!
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