Fairtax.org

[Leadfoot_mf]

everyone help out and lets get this passed
www.fairtax.org

[Sack Attack]

I so wish they would pass that law. But if they do that then whos gonna owe the IRS?

Fairtax is the good way because I get 1099 and the shits a hassle. With 1099 you have a lot of write offs you can do but too complicated.

[d993s]

everyone help out and lets get this passed
www.fairtax.org

I haven't looked into this in a while.
What is the proposed tax %?







Actually, I'm too busy with www.lower-the-age-of-consent.com

[Sack Attack]

I haven't looked into this in a while.
What is the proposed tax %?







Actually, I'm too busy with www.lower-the-age-of-consent.com

I like both ideas. hahah

I dont know what tax percent it will be but at least EVERYONE would have to pay instead of only americans.

[KPowerEP3]

I'm a big FairTax supporter, I honestly think it's the best system going. Hell, Ireland's been using something similar, and look at their economy as of late...through the roof.

[Capt._Ron]

Its a great idea and im for it but OMFG we wont need the IRS to waste tax money and you know what else it will hard for the government to squeeze more money out of the dumbass public if tax is a straight percentage so i say it will never pass.

[Leadfoot_mf]

Its a great idea and im for it but OMFG we wont need the IRS to waste tax money and you know what else it will hard for the government to squeeze more money out of the dumbass public if tax is a straight percentage so i say it will never pass.

well with an attitude like that negative nancy your right it wont pass but if u start to support it. that support could spread and who knows maybe it will.

[JITB]

can someone break it down to retard terms...

[BTLFED]

can someone break it down to retard terms...

LOL

[SniperJoe]

BTLFED Notes on the FairTax:

Because of the system we have in place right now, everything is (on average) 23% more expensive than it should be. This is the cost of the accountants, embedded taxes and everything else that companies pay. (i.e. If a car costs you $10,000, $2,300 of that is going to the IRS, CPAs and other embedded costs of the tax system.) You also pay income taxes, Social Security taxes and Medicare taxes. The FairTax would take the income taxes, Social Security taxes and Medicare taxes away and add in a 23% inclusive sales tax on items. So instead of having taxes taken away in your paycheck before you see it, they would be taken out when you buy things. Prices would also drop 23% due the companies no longer having to pay the costs of the system and other taxes.

In a REAL nutshell:
You would now get all of your paycheck and item costs would stay the same.

[BTLFED]

BTLFED Notes on the FairTax:

Because of the system we have in place right now, everything is (on average) 23% more expensive than it should be. This is the cost of the accountants, embedded taxes and everything else that companies pay. (i.e. If a car costs you $10,000, $2,300 of that is going to the IRS, CPAs and other embedded costs of the tax system.) You also pay income taxes, Social Security taxes and Medicare taxes. The FairTax would take the income taxes, Social Security taxes and Medicare taxes away and add in a 23% inclusive sales tax on items. So instead of having taxes taken away in your paycheck before you see it, they would be taken out when you buy things. Prices would also drop 23% due the companies no longer having to pay the costs of the system and other taxes.

In a REAL nutshell:
You would now get all of your paycheck and item costs would stay the same.

LOL @ BTLFED Notes.

Reps awarded.

[JITB]

BTLFED Notes on the FairTax:

Because of the system we have in place right now, everything is (on average) 23% more expensive than it should be. This is the cost of the accountants, embedded taxes and everything else that companies pay. (i.e. If a car costs you $10,000, $2,300 of that is going to the IRS, CPAs and other embedded costs of the tax system.) You also pay income taxes, Social Security taxes and Medicare taxes. The FairTax would take the income taxes, Social Security taxes and Medicare taxes away and add in a 23% inclusive sales tax on items. So instead of having taxes taken away in your paycheck before you see it, they would be taken out when you buy things. Prices would also drop 23% due the companies no longer having to pay the costs of the system and other taxes.

In a REAL nutshell:
You would now get all of your paycheck and item costs would stay the same.

yeeeeeees sounds good, but is there qa bad side to it? kind of sounds to good to be true.


so you would buy a xbox 360 and pay..250$ for it instead of 300$, and pay 23% on the 250$? but you wouldnt come out the ass in taxes with ur paycheck? Would the government just collect all their taxes thru the 23% tax on the merchandise? How would u colect your social security?

[SniperJoe]

yeeeeeees sounds good, but is there qa bad side to it? kind of sounds to good to be true.


so you would buy a xbox 360 and pay..250$ for it instead of 300$, and pay 23% on the 250$? but you wouldnt come out the ass in taxes with ur paycheck? Would the government just collect all their taxes thru the 23% tax on the merchandise? How would u colect your social security?

Pretty much. It is designed to be revenue neutral, which means that the government would take in a similar amount of money. The XBox would still cost $300, but 23% would go to the Feds.

You would still have things like state income tax and property tax, though. But you'd get your entire paycheck rather than a chunk of it.

[ironchef]

Pretty much. It is designed to be revenue neutral, which means that the government would take in a similar amount of money. The XBox would still cost $300, but 23% would go to the Feds.

You would still have things like state income tax and property tax, though. But you'd get your entire paycheck rather than a chunk of it.

I believe its both state and fed income taxes that would be gone. Another big one would be capital gains, which would be nice.

[KPowerEP3]

Pretty much. It is designed to be revenue neutral, which means that the government would take in a similar amount of money. The XBox would still cost $300, but 23% would go to the Feds.

You would still have things like state income tax and property tax, though. But you'd get your entire paycheck rather than a chunk of it.

Another plus is that there would be no taxes on essential to life items such as food etc., up to a certain amount per person per family.

[ironchef]

Not every tax would be gone. There will still be taxes on certain things, but no longer any taxes on income, medicare, and such.

[SLOWR/T]

i signed this a earlier this year. sound like a good thing. hope it goes through.

[JITB]

so the price for merchandise really wouldnt go up or down? But the manufacturer would get a little less profit?

[SniperJoe]

so the price for merchandise really wouldnt go up or down? But the manufacturer would get a little less profit?

To answer a couple of questions:

The manufacturer would make the same amount of profit.

The problem is that the cost of our current tax system represents 23% of the cost of anything you buy. That cost would no longer be there for the manufacturer, so they would drop prices by 23%. The Fed would then add in the 23% FairTax and the price would be the same.

Example:

I am a car manufacturer and my car cost $10,000 for you to buy. I make $1,000 on every car in the form of profit. By dropping the current tax system, I can now sell the same car for $7,700, maintaining the $1,000 profit on every car. With the $2,300 in federal FairTax added in, the price to the consumer would be the same $10,000, yet the manufacturer would earn the same amount of profit.

The state income taxes would still exist, unless the states were to adopt something similar to the FairTax on their own level.

The reasons the FairTax works are pretty simple: First, the cost to have all the accountants and documentation in order to comply with our current tax system is astronomical. Have you ever seen how many accountants work for not only for the public, but for major companies? They're an army! Those costs would no longer exist. Our current tax law is something like 14,400 pages long. I'm in the financial industry and even I don't have a shot at understanding it. Secondly, all those people who weren't paying taxes (illegals, foreigners, etc.) are now paying the tax just like everyone else.

[JITB]

Sounds great.. i wonder if the tax would change per state?

[ironchef]

There in lies the downside to the Fairtax in which many people, such as accountants, would lose their jobs.

[JITB]

There in lies the downside to the Fairtax in which many people, such as accountants, would lose their jobs.

i never liked math anyway..

[SniperJoe]

There in lies the downside to the Fairtax in which many people, such as accountants, would lose their jobs.

I can live with that. Hell, I'm a financial planner and long term tax management strategies are one of the key things that I do for my clients. The FairTax would eliminate one of the big parts of my business and its passage would almost certainly affect my personal business negatively. However, so certain am I that the FairTax would help America that I am willing to make that sacrifice of a little money in my pocket to support it.

[SL65AMG]

FAIR TAX FTW
ILLEGALS FTL

[ironchef]

FAIR TAX FTW
ILLEGALS FTL

That brings up a good point. Whenever illegals buy something they only pay about 7% sales tax but no income tax at all, with the fairtax they would be contributing a lot more to society, finally.

[SampaGuy]

That brings up a good point. Whenever illegals buy something they only pay about 7% sales tax but no income tax at all, with the fairtax they would be contributing a lot more to society, finally.

i dont want to jack this thread but illegals dont have the right to vote, cant get a real job, they have to pay out-of-state tuition in universities, live in fear of being deported and what not, etc. i think its almost fair that they dont have to pay income tax. trust me, they wouldnt mind paying more taxes AT ALL if they just had a way to become legal.

[josh green]

i dont want to jack this thread but illegals dont have the right to vote, cant get a real job, they have to pay out-of-state tuition in universities, live in fear of being deported and what not, etc. i think its almost fair that they dont have to pay income tax. trust me, they wouldnt mind paying more taxes AT ALL if they just had a way to become legal.

Not even going to go into that subject. Thats like driving with the fear of getting pulled over when you have no license, tell me who is the dumbass?

Fair tax FTW!

[ironchef]

i dont want to jack this thread but illegals dont have the right to vote, cant get a real job, they have to pay out-of-state tuition in universities, live in fear of being deported and what not, etc. i think its almost fair that they dont have to pay income tax. trust me, they wouldnt mind paying more taxes AT ALL if they just had a way to become legal.

So many other people do it legally, why is it hard for them not to? My family did it, sure it wasnt easy, but they still did it, and we're all now citizens.

[Hektik]

i dont want to jack this thread but illegals dont have the right to vote, cant get a real job, they have to pay out-of-state tuition in universities, live in fear of being deported and what not, etc. i think its almost fair that they dont have to pay income tax. trust me, they wouldnt mind paying more taxes AT ALL if they just had a way to become legal.

....Heres an idea... If you dont want to do it the right way... Stay in your own fucking country... Oh and just in case you think im being racist... I'm hispanic and my parents along with with me and my brother migrated to this country, and did it legally and have ALWAYS paid our taxes and contributed to this country. I went as far as serving in the military here. So dont tell me that some fuckheads can come here and dont have to pay taxes and steal OUR tax money so they can buy some ranchos in venezuela somewhere, only becasue they cant fucking vote or have to pay higher tuitions....




NOW BACK ON TOPIC.... FAIRTAX FTW

[Julio]

bump.. fairtax > all

[Cool Cat Racing]

Fair Tax would also make private sales even more profitable because essentially you could receive your entire check. Buy something from a private seller i.e. a set of wheels on IA and you would have never payed a cent of tax on the money you spent on those wheels.

[{X}Echo419]

FAIR TAX FTMFW!!!! and accountants wouldn't lose their jobs. ask 1, they've got more to do than income taxes.

[_Christian_]

already petitioned for it! good thing to post. reps.

[man]

Anarchy!!!!!!!!!

[SampaGuy]

http://www.path2usa.com/immigration/...green_card.htm

What are the different ways to get a Green card? How to get a Green card?

There are certain conditions and categories applied by INS for green card, important ones are discussed here. For more information checkout INS website.

There are 5 main ways an individual can obtain permanent residency or green card for United States:

* Sponsorship by an Employer
* Investment
* Sponsorship by a close Family Member in the United States
* The Diversity Visa Lottery Program
* Asylum & Refugee Status

Qualification to apply for DV Lottery

* Not all countries , citizens are allowed.
Citizen from certain countries who has already sent more then 50,000 immigrants (green cards holders) in last 5 years.

For DV-2007, natives of the following countries are not eligible to apply because they sent a total of more than 50,000 immigrants to the U.S. in the previous five years:

CANADA, CHINA (mainland-born), COLOMBIA, DOMINICAN REPUBLIC, EL SALVADOR, HAITI, INDIA, JAMAICA, MEXICO, PAKISTAN, PHILIPPINES, POLAND, RUSSIA, SOUTH KOREA, UNITED KINGDOM (except Northern Ireland) and its dependent territories, and VIETNAM. Persons born in Hong Kong SAR, Macau SAR and Taiwan are eligible.

[Julio]

Or you can just get married to an american... and in 2 years you are legal.. bleh.

[jwrape]

Good Documentary on the IRS and income Tax made by film producer Arron Russo
http://video.google.com/videoplay?docid=-1656880303867390173