National Sales Tax/Fair Tax

[shootfighter1]

I know we've discussed Flat and Fair taxes before but wondering why this wouldn't be a serious alternative our gov should be discussing.  Utilities and people below the poverty line could apply for exemptions.  Adonis, aren't you in favor of something like this?

"The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach that abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes. Instead it provides for a progressive national retail sales tax of approximately 23%".

[Soul Crusher]

I know we've discussed Flat and Fair taxes before but wondering why this wouldn't be a serious alternative our gov should be discussing.  Utilities and people below the poverty line could apply for exemptions.  Adonis, aren't you in favor of something like this?

"The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach that abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes. Instead it provides for a progressive national retail sales tax of approximately 23%".

It will never happen Shoot. 

The criminal politicians WILL NEVER allow us to have such freedom and will not give up the ability to sell influence by tinkering with the current tax code. 

[MRDUMPLING]

Decker and I have discussed this plenty of times.  There are certain things about the Fair Tax that can be punitive to the poor.  I'm more in favor of a flat tax than anything.

[shootfighter1]

What I posted above defines the Fair tax as a national sales tax at 23%.  Is that what the fair tax has always been?

[Dos Equis]

I like the idea.  Gives the people much more control of their money. 

[MM2K]

The big argument about the fair tax is whether it is really 30% or 23%. It seems to me that it is really 30%. If you buy a pencil that costs a dollar pretax but costs $1.30 after tax, that is 30% because 30 cents is 30% of a dollar. For some reason the proponents of the fair tax are saying that it is 23% because 30 cents is 23% of $1.30 .