"Scout" wrote in
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"Gray Ghost" wrote in message
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RD Sandman wrote in
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Gray Ghost wrote in
. 97.142:

RD Sandman wrote in
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gfn wrote in
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com
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On May 24, 3:00 pm, RD Sandman
wrote:
gfn wrote
innews:fafaebf4-7788-4906-a699-839c2c5dac6b@
s2g2000yql.googlegroups.com:









On May 24, 2:34 pm, RD Sandman
wrote:
gfn wrote
innews:5111f00d-80ed-4513-9bae-c9a63b5cdb40@
x3g2000yqj.googlegroups.com:

On May 24, 1:23 pm, RD Sandman
wrote:
gfn wrote in
news:75946acf-fb50-4a71-9677-e0b1afec14b0
@w19g2000yql.googlegroups.com:

On May 24, 11:24 am, John Smith
wrote:
On 5/24/2011 8:20 AM, gfn wrote:

...

Where are some credible souces to back up any of that
innuendo you
keep
attempting to push?

Truth is, sure looks like the wealthiest 1% are not
paying 42% of all
of
governments costs, and sure looks like the top 19% are
not paying half of governments costs, until that
happens they are NOT paying their
fair
share ... a flat tax can fix that ...

Regards,
JS

I already said the tax data is at irs.gov

Now, as for a flat tax I agree with you 100%. The one I
advocate is the FairTax.

That is not a flat tax, it is a sales tax.

It's a sales tax but it is flat. It's a flat 23%.

You had better spend some time learning what a flat tax is.

I'm perfectly familiar with a flat tax.

Not sure about that since it has nothing to do with sales.


Sure I do. The "flat tax" has the government deriving its
revenue from the income tax.

Yep....at a flat rate for everybody.

The FairTax is related because it is a flat sales
tax that generates revenue from sales. It replaces the income
tax as the method of funding government. If you fully understand
the FairTax you will see exactly where I am coming from.

Then to keep it from becoming regressive you must drop that sales
tax from certain items, like food, housing, public transportation,
gasoline, etc.. or you end up with the poor paying a much larger
percentage of their income on those taxes than the wealthy.

The FairTax is a replacement

for the income tax.

Yes....and a flat tax is another method of figuring income tax.


Yeah....and they both accomplish the same thing. The FairTax is
better because a flat tax still involves taxing income which then
leads to exemptions, deductions, and keeps the 16th amendment in
place as well as the IRS, and I can go on and on about the
pitfalls of our current tax system.

A flat tax on income replaces the current tax system. If properly
administered it only has ONE deduction and that is poverty level
wages for a family of four. Everyone gets that ONE deduction, or
exemption if you prefer, and no other. You can do your tax on a
postcard.

It uses a flat 23% as the revenue generator.

Call it what you will, the FairTax is a winner.

You may think so. I don't. I think it needs too many
adjustments so that it does not become regressive.


I don't think so, I know so. Tell me how this is regressive?

Current tax system:

Taxpayer earns $1000 a year.
IRS takes 25%: $250.
Taxpayer has $750 left to spend.
Taxpayer buys a new toaster for a FINAL total of $130.
Taxpayer has $620 left.

Fairtax system:

Taxpayer earns $1000 a year.
IRS takes 0%: $0
Taxpayer has $1000 left to spend
Taxpayer buys a new toaster for a FINAL total of $130.
Taxpayer has $870 left.

I'll go one better under the fairtax system.

Taxpayer earns $1000 a year.
IRS takes 0%: $0
Taxpayer has $1000 left to spend
Taxpayer buys a USED toaster for a total of $100.
Taxpayer pays NO fairtax sales tax.
Taxpayer has $900 left.

So, again, how is that regressive.

Same taxpayer......buys $100 worth of groceries.....pays $123 for
them. Rich guy, he eats the same, so he buys a $100 worth of
groceries...pays $123 for them. Which one spent the bigger
percentage of their income on a necessity? OK, let's fix it....we
will not pay that tax on groceries....oooops, you just generated
an exception.

Three suggestions for you to find out why as well as any other
questions you might have:

1) go visit fairtax.org and read it from front to back. Pay
particular attention to the FAQ.
2) Buy and read "The FairTax Book" by Linder and Boortz.
3) Then buy and read "FairTax:The Truth: Answering the Critics"

It will all become crystal clear.

I am familiar with sales tax schemes, they have been around for
years. With exemptions, they become just as convoluted as the
current system. Excise luxury taxes were another attempt to soak
the rich as poor poeple would never buy luxury taxed items. How
did that work out?



Ask John Kerry.


YOu mean after claiming everyone should pay their fair burden, he
moors his yacht where the taxes are much less than if he moors it at
home?


Indeed.

Yep, and goes to show how a prohibitive taxation rate reduces revenue.
Before he probably would have moored it at home and paid some taxes on
it. Now he moors it elsewhere and we get NO tax revenue from him for
it.

We get less, but his home state gets none. Same thing you are saying,
just a difference of degree.

Then, of course, there is all the fallout lose of tax revenue. Makers
who don't pay taxes because they are out of business. Workers who
don't pay taxes because they lost their jobs. People who would have
provided goods and services to those workers who didn't because those
workers aren't buying stuff because they lost their jobs, and so on
and so forth.

We saw the same thing when they passed some taxes on luxury boats in the
80s. I was in Florida at the time and the boat manufactuing business
took a big hit as did the Carolinas.

In one quick swoop in an attempt to "stick it to the rich" we all but
wiped out one whole segment of the economy and sent it abroad.

Bingo!. The French sold a lot of yachts for that reason.

And you can't simply reverse the taxation and get it all back, because
the expertise and experience has been dissipated and you can't just
put the egg back together again.

Well, not all at once.


--
Sleep well tonight....RD (The Sandman)

If you woke up this morning....
Don't complain.