Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
Pretty Good 'FairTax vs flat tax' article in Real Clear Politics
Replies to This Discussion
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Permalink Reply by RC Woodworth on
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EE=employEE payroll taxes and ER =employER payroll taxes :)
Anyway, that's a lot that is swept under the rug in the flat income tax discussion usually. 17% sounds good - but add 7.65% payroll on the first 90 k or so AND add employers' costs too.
Along these lines, business taxes will still be hidden in prices ...
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Permalink Reply by micheleking on
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Thanks Mr. Woolworth, you are right on time. Just finished reading Mr. Dunn's article on flat taxes and your point about the EE &ER were not mentioned. So your point that 17% quickly turns into 34% is notated. The font on his article is easy to read and it's like talking to y'all, my neighbors.
Mr. J. Mccune's comments on "free market advertisement" still puzzle me. I always labeled lobbying into 2 groups: those that want to pay less taxes and barter favors to get cuts; and those who want to dictate how the taxes are spent because they are either owed favors or scream the loudest. (Somewhere in my head the vocab word "free-for-all" is creeping in..) I don't mind folks contacting their elected with needs, is this the "free markt ad?"
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Sorry for the confusion Michele, I think I misread or misunderstood your comment about lobbying on the spend side. For some reason I was thinking trying to get the people to buy certain things, but now I realize you were refering to getting the Government to spend on specific things. My mistake, sorry.
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No. I am squirrelly and have to learn everything all over again. But after 2 days I still didn't get it.
What will keep the lobbying from getting out of hand on the spend side? People have the right to advertise. There has got to be something more than term limits. I can remember Lincoln dallying in this when he shoulda been at home taking care of his sick wife. He also said he nobody would talk to him for 2yrs when newley elected. That has to stop.
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Sorry Mr. Woodworth. I thought I'd fixed my spelling.
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Permalink Reply by Nancy L. Gatchel on -
When it comes to a flat tax, there are just too many questions left unanswered, too many issues unaddressed, simply no body of research to which to refer, except the historical one that has left us with what we have today. Probably the best summary I've read so far is "Fair Tax: How does it compare?" located on fairtax.org. Since there is no one flat tax version to which we can refer, my conclusion is that it's a plan left wide open to a variety of bugs and does nothing to irradicate the root problem of our present taxation system.
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