Originally Posted by Jaimecbr900
This is the only person that has a clue how a Fair tax/consumption tax works.
You no longer have ANY INCOME tax. You no longer have any payroll tax. No capital gains tax. No death tax. No double tax. No estate tax. NO TAX other than consumption.
So explain to me HOW the "poor", who BTW PAY LITTLE TO NO TAX NOW, are going to be any more "poor" if they are going to receive their entire paycheck (if they work at all) and then on TOP OF THAT will receive a monthly rebate check for necessities such as FOOD? So the gov't will PAY every month with REAL MONEY for you to FEED your family and YOU pay for what you use thereafter. You also have to consider the fact that all goods and services have an inbedded "tax" ALREADY on them, so therefore it's not going to automatically (as the Dems. want to portray it) raise sticker prices for everything 23%.
For example, an employer now has to pay someone $5/hr partly BECAUSE they have to pay payroll tax, FICA, unemployment, insurance, etc. So if you free up their additional tax burden, they will now be able to either A: Keep paying that position at $5 but be able to hire MORE employees; B: Be able to afford to RAISE that pay slightly and STILL make the same amount or more. Both win-win situations. Same thing will happen with the vast majority of goods and services since they too will no longer have the added taxes they pay now, which we all know are simply passed on to the consumer as part of the price of that good/service.
BTW, Obama wants to eliminate something that doesn't exist.....Capital gains on "small business". Small businesses pay INCOME TAXES, NOT Capital gains. So it's a total "now you see it, now you don't" scheme. It means absolutely nothing to small businesses. NOTHING. :rolleyes: Much like telling someone that DOES NOT PAY TAXES NOW that you are going to raise taxes.......hell, what do they care....they don't pay taxes NOW, WON'T pay taxes later, so what do they care.....right? Same thing as the proposal that we are suddenly going to tax the "rich" to ease the burden on the "poor"......the "poor" DON'T PAY squat NOW, so why would they care? It's not going to bring one single dime back into any tax pool because all the "rich" are going to do is pass that "new" cost onto somewhere else......guess where? :rolleyes:
