there are no "write-offs" under the Fair Tax. you buy something, you pay taxes on it. simple as that. whether it's a Co. or a person it dosen't matter.Originally Posted by admin
there are no "write-offs" under the Fair Tax. you buy something, you pay taxes on it. simple as that. whether it's a Co. or a person it dosen't matter.
wrong under Fair Tax:
"If, however, they use their money to build job-creating factories, finance research and development to create new products, or fund charitable activities (all of which help improve the standard of living of others), then those activities are not taxed."
loops holes like this will help the rich get richer while the lower 50% of the USA pays more for taxes under this plan
1st I don't knwo if that is accurate, let me check tonight and I'll get back to you.wrong under Fair Tax:
"If, however, they use their money to build job-creating factories, finance research and development to create new products, or fund charitable activities (all of which help improve the standard of living of others), then those activities are not taxed."
loops holes like this will help the rich get richer while the lower 50% of the USA pays more for taxes under this plan
ok, you went from buying a Porsche to building a factory and funding charity?
ANYTHING is better than the current tax system. also, the "rich" will get richer and the poor will get poorer no matter what. that's why they are like that to begin with.
wrong under Fair Tax:
"If, however, they use their money to build job-creating factories, finance research and development to create new products, or fund charitable activities (all of which help improve the standard of living of others), then those activities are not taxed."
loops holes like this will help the rich get richer while the lower 50% of the USA pays more for taxes under this plan
Interesting. Where does that say my new ferrari wont be taxed because its a "company" car?
U do have a point, either way, we are screwed, im just trying to be screwed with lub, instead of raw.catch my drift?
I will continue to dissagree with you that "the rich wont miss it" refering to the so called little tax money they pay.lol
I know when i sell a land deal, i try to wait a year. because if i dont, its short term capital gains = 45% tax. And there is no getting around that. This is the business i am begining to know, so i see the taxes. Now do other sectors maybe get away with getting a 100% write off on the CEOs new ferrari? I hope not. But im sure there are people that pull it off.
Im going to research that quote of yours tonight, if that really can be used to the point your claiming it can be, i will be dissapointed. Thanks for shedding light.
And of course a stock boy shouldnt pay as much taxes as a million dollar ceo. But he should pay the same precent. That doesnt happen. We punish the producers and support the abusers. Its simple as that. You are obvious for this way of thinking. I am not.
"The 1911 is a collection of subsystems that must work together. Each part must be prepared and fit properly not only in and of itself, but also with regard to the other parts with which it must operate for the gun to function and appear as desired."
It doesn't say anywhere that it won't be taxed but we are discussing personal income tax.. i know if i owned a company i would use all major purchases as company write off's... which can be easily done when you have a staff dedicated to your accountingInteresting. Where does that say my new ferrari wont be taxed because its a "company" car?
U do have a point, either way, we are screwed, im just trying to be screwed with lub, instead of raw.
I will continue to dissagree with you that "the rich wont miss it" refering to the so called little tax money they pay.lol
I know when i sell a land deal, i try to wait a year. because if i dont, its short term capital gains = 45% tax. And there is no getting around that. This is the business i am begining to know, so i see the taxes. Now do other sectors maybe get away with getting a 100% write off on the CEOs new ferrari? I hope not. But im sure there are people that pull it off.
Im going to research that quote of yours tonight, if that really can be used to the point your claiming it can be, i will be dissapointed. Thanks for shedding light.
And of course a stock boy shouldnt pay as much taxes as a million dollar ceo. But he should pay the same precent. That doesnt happen. We punish the producers and support the abusers. Its simple as that. You are obvious for this way of thinking. I am not.
now my question is why should a stock boy not be entitled to the same? some will say he is but in reality we all know the truth to that question. I know within 2 years my wife and i will be in the upper paying brackets, but that is expected... You make more you spend more you pay more. Its just how it is. But I don't see the Fair Tax fixing all of our issues.. i'm totaly for it if we have a full proof plan but it isn't there yet nor are we ready to go that route. This isn't a thing we can just try out to see if it works we are talking about reinventing the wheel.
Loop holes will the fall of this system much like our current tax system. If its a fair tax there should be NO loop holes. I'm sorry but multi million dollar churches should have to pay the same in taxes that a mom/pop shop does. The problem is where the lines are drawn on where taxes don't have to be paid.
One other big assumption about Fair Tax is the spending habits... the Top 50% of tax payers pay roughly 95+% according to the 2001 tax break down above. So that Lower 50% is only going to continue to provide 5% of taxes? Sorry but thats a big assumption to this system; just b/c some people make more doesn't mean they are going to be purchasing more and the % will stay the same. I would be awful afraid to see what would happen if they are wrong.(some things would be nice to loose welfare, etc but i education and other things may start to get cut)
ps. that quote was from fairtax.org if i'm not mistaken... i'll have to find it again.
it's a little more complicated than that, but I don't feel like spending the rest of the day typing(I'll spare you and everyone here anymore of my grammar) about the Fair Tax. you should call Boortz and ask these ?'s, or if you Really want I'll BUY the book for you for christmas. seriously.It doesn't say anywhere that it won't be taxed but we are discussing personal income tax.. i know if i owned a company i would use all major purchases as company write off's... which can be easily done when you have a staff dedicated to your accounting
now my question is why should a stock boy not be entitled to the same? some will say he is but in reality we all know the truth to that question. I know within 2 years my wife and i will be in the upper paying brackets, but that is expected... You make more you spend more you pay more. Its just how it is. But I don't see the Fair Tax fixing all of our issues.. i'm totaly for it if we have a full proof plan but it isn't there yet nor are we ready to go that route. This isn't a thing we can just try out to see if it works we are talking about reinventing the wheel.
Loop holes will the fall of this system much like our current tax system. If its a fair tax there should be NO loop holes. I'm sorry but multi million dollar churches should have to pay the same in taxes that a mom/pop shop does. The problem is where the lines are drawn on where taxes don't have to be paid.
One other big assumption about Fair Tax is the spending habits... the Top 50% of tax payers pay roughly 95+% according to the 2001 tax break down above. So that Lower 50% is only going to continue to provide 5% of taxes? Sorry but thats a big assumption to this system; just b/c some people make more doesn't mean they are going to be purchasing more and the % will stay the same. I would be awful afraid to see what would happen if they are wrong.
ps. that quote was from fairtax.org if i'm not mistaken... i'll have to find it again.
if your gonna buy people books, get me a copy of it lolit's a little more complicated than that, but I don't feel like spending the rest of the day typing(I'll spare you and everyone here anymore of my grammar) about the Fair Tax. you should call Boortz and ask these ?'s, or if you Really want I'll BUY the book for you for christmas. seriously.
Val for President
ok explain but i thought the point of fair tax was to make it easier? i am fimiliar w/ fair tax maybe not 100% on everything but i've read about it and listen to Boortz.it's a little more complicated than that, but I don't feel like spending the rest of the day typing(I'll spare you and everyone here anymore of my grammar) about the Fair Tax. you should call Boortz and ask these ?'s, or if you Really want I'll BUY the book for you for christmas. seriously.
there are loop holes i've already posted them... and there is a big assumption w/ the plan that tax % will essentially be the same as cost are going down on goods. i don't really see that happening. thats just me. I personally don't see any advantage for the Million Dollar man to go this route if he can't write of his house/cars
Posting Permissions
(lol)
Reply With Quote