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No, a 'Fair Tax' is not a good idea

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Posted By: FlyRight, 5/31/2023 7:45:56 AM

Let's take a look at the "Fair Tax" and see how fair it really is. Yes, it would tax health care and health insurance. Why would people think United Health Care, Aetna, and other very profitable companies would not only not pay income taxes or payroll taxes, but would also be somehow exempt from the fair tax as well? What about cars? GM, Carvana, all car manufacturers, and car-dealers would not only not pay income taxes or payroll taxes, but also be exempt from the national sales tax? Almost everything would be taxed, or else they wouldn't collect the money the federal government supposedly need.

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Reply 1 - Posted by: Mcscow sailor 5/31/2023 7:54:58 AM (No. 1481349)
The fair tax would exempt the lower tier of families, and would reduce taxes on the highest income families. The middle class would see huge effective tax increases. It’s political suicide. Housing sales would fall…moving to jobs would slow…our streets would look like Havana with old cars…yeech
10 people like this.

Reply 2 - Posted by: Fosterdad 5/31/2023 8:14:20 AM (No. 1481368)
A national sales tax is a terrible idea. Not only for the reasons outlined in the article, but because of the fact that the 16th Amendment would still be on the books. What would prevent a future Democrat Congress from imposing an income tax on top of the national sales tax? Nothing at all.
16 people like this.

Reply 3 - Posted by: Clinger 5/31/2023 8:14:32 AM (No. 1481369)
One sure fire way to get people to vote for bigger government and more taxes is to assure them that the other guy is paying. I haven't hit on the right way to present the argument but the tax burden no matter what form it takes no matter how hard you try to target certain people, finds its way to everybody in the effect on the prices people must pay for producers to be sufficiently better off for having produced something, and wages producers must pay for workers to sign on to the deal so both parties are sufficiently better off for the employment agreement. That is of course predicated on there being some degree of economic freedom for equilibrium to result from the reaction to the tax code. If the net real gain from working 80 hour weeks vs 40, taking on the risk of losing your house and everything else you own is to afford steak once a month the motivated "greedy" capitalists simply won't innovate and produce jobs. Haven't we seen this somewhere in world history?
12 people like this.

Reply 4 - Posted by: red1066 5/31/2023 9:08:12 AM (No. 1481419)
The reason it works in Europe is because the countries are smaller in size, and they aren't spending almost a trillion dollars a year on their defense. That expense is handled by the U.S. taxpayer.
18 people like this.

Reply 5 - Posted by: lawdoc 5/31/2023 9:09:18 AM (No. 1481420)
If you don't understand the details of the Fair Tax don't knock it. Read the book The Fair Tax because it explains it we'll.
16 people like this.

Reply 6 - Posted by: jdano 5/31/2023 9:30:12 AM (No. 1481440)
The black marketeers, mostly Chinese and Russians, must be lobbying for this fair tax crapola.
5 people like this.

Reply 7 - Posted by: stablemoney 5/31/2023 9:55:43 AM (No. 1481460)
The government is financed by a progressive income tax, 15% to 35%, and a social security tax of 15.3%, all paid by the middle class, and used to finance 60% of government expenditures. The remaining 40% of government expenditures are financed by the inflation tax, paid by the lower and middle class. The wealthy pay a 23.8% capital gains tax. For 40% of government expenditures, we already have a national sales tax. Changing the tax system will do little, but distract from the real problem, which is a bloated government, both state and local, which eats up half the GDP.
10 people like this.

Reply 8 - Posted by: commonsence 5/31/2023 9:57:32 AM (No. 1481463)
To support a fair tax, you have to trust the government. A previous poster asked what would stop them from putting back the income tax along with the sales tax. I can see a democratic president on the podium saying "we have to do this for the children" . Women and the liberals would hen be demanding it.
12 people like this.

Reply 9 - Posted by: snakeoil 5/31/2023 10:07:17 AM (No. 1481473)
The Big Question, which the author doesn't address, is would people pay more or less in taxes? I don't know. I use Turbo Tax. Screen after screen of questions, some of which are baffling. I hate it. Add to the sum on line 47jxy the square root of the number of dogs under your porch. The IRS, tax preparation services, and CPAs oppose this because it will negatively impact them. I want to know what it would do to us.
11 people like this.

Reply 10 - Posted by: mc squared 5/31/2023 10:43:33 AM (No. 1481514)
Don't confuse the 'fair tax' with a flat tax. IMHO flat is the way to go, but the income tax has to be dead and buried.
17 people like this.

Reply 11 - Posted by: Kate318 5/31/2023 12:05:39 PM (No. 1481587)
Every time the discussion of alternatives to the IRS comes up, we get people like this telling us it won’t work. When it comes to making changes to better our country, some of us are our own worst enemies.
7 people like this.

Reply 12 - Posted by: joew9 6/1/2023 7:08:15 AM (No. 1482131)
It wouldn't make any difference. The left would still claim the rich aren't paying enough.
6 people like this.

Reply 13 - Posted by: helpme 6/1/2023 7:55:01 AM (No. 1482143)
The author, like most others, has failed to mention the biggest problem with the current tax system. It is the root cause of the problems that he discusses. The biggest problem is: Money is Political Power. As long as Congressmen and Senators can manipulate the Tax code for their constituents, individual, collective and national, the US Tax Code will never be workable, visible, nor fair.
9 people like this.

Reply 14 - Posted by: helpme 6/1/2023 8:00:50 AM (No. 1482146)
So I'm taxed on income going into a retirement account, and I'm taxed when I withdraw and spend it? Who would want this?
12 people like this.

Reply 15 - Posted by: Strike3 6/1/2023 8:41:51 AM (No. 1482170)
Taxation is not the problem, overspending by a corrupt, bloated government is. We have the worst of both worlds, government taking too much of the money of productive citizens and giving that money to the parasites of society to bribe them into voting for more bloated government. National defense and infrastructure should be financed by taxes. Everything else, like the environment, medical care, academia, interference in world politics, space exploration, and on and on and on should not. There is no such thing as a fair tax as long as those collecting the money have the power to abuse those who pay. They will always want more. Introduce cheating into the voting process and you have the perfect storm.
12 people like this.

Reply 16 - Posted by: Rumblehog 6/1/2023 9:39:22 AM (No. 1482215)
"Fair" is what we define it to be... courtesy of leftists in government. /s Why doesn't the Federal Government get taxed on all their income obtained from taxation? The BEST system would be one that caused the Feds to look for ways to "save money" and spend frugally?
9 people like this.

Reply 17 - Posted by: Zigrid 6/1/2023 11:57:03 AM (No. 1482305)
Canada has such a tax...it's called a consumption tax...and that's why Canacks shop in Detroit....and Minneapolis and any other city close to the border...consumers are very bright...they know how to get around the edges....what the globalists don't understanding is....ready for it?....capitalism 101....it's called survival....
0 people like this.

Reply 18 - Posted by: Proud Texan 6/1/2023 1:55:51 PM (No. 1482377)
A better solution might be to simply allow government employees and our "representatives" in government to have their taxes go up twice as much as ours every time taxes get increased. This would need to be for all tax-supported entities, cities, states, national governments, hospitals, tax districts, all of them. The lower tier employees must be included with the bureaucrats so they learn to be more efficient. This may make government employment less attractive to people, but that would be a good thing.
2 people like this.

Reply 19 - Posted by: danu 6/1/2023 4:05:53 PM (No. 1482474)
didnt take long for the 189 snake oil peddlers to roll out their over-priced toxic junk - less than 24 hrs, it would seem.
0 people like this.

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