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Fair Tax was the original program which required as it's first step repeal of income tax.As I recall it replaced all payroll taxes. somewhere around 30% one time end user sales tax at the point of sale divided between federal and local governments.
It wouldn't apply now anyway but the idea was the consumer controlled taxes and budgets by what the consumer chose to spend. Income tax is the opposite fascist in nature and it's purpose is control of citizens.
The main point is without repeal of one you end up with two and the chances of the percent mentioned not rising are somewhere betwen nil and nought. a chance.
So figure your income tax bill plus a 16% corporate or business tax bill not limited to corporations plus the add on from the new one from every corporation involved in the production of any good or service. You see that limit?
I didn't see either of those two requirements.
Ergo sum it's a Hillary enhanced Pelosi VAT endorsed by two former Libertarians???????
As far as the only one that passes those taxes on to the consumer, I think everyone does it but some don't look at it like I do. Example, (round numbers for example only) If I need $50,000 a year on average to invest in my business to keep up with debt payments and future purchases and my tax on that profit is $5000 then I need a profit of at least $55,000. If I am not there I raise my prices to get there. Of course it is more complicated than this example but at some point it gets passed on.
So for the moment the question should be what does it replace? And if it replaces income tax then where's the part about the amendment to repeal. If it does not do that they will have two taxes the original went from 7% to 77% in eleven years. Do you trust the government that much?
It won't effect me I won't be contributing nor buying anything in the USA..I''ll just be taking...except for income tax can't get around that one. Amazon went international.
Currently, corporations pay tax on their profits from 15% to 35%. Or like my company, I pay tax on the entire amount of profit at whatever tax bracket that I fall in based on my individual return at a rate from 10% to 40%. Then we have all the other taxes. For my company, I have a profit goal so that I have money left over to stay in business. The money to stay in business is after the tax is paid so in an essence I already pass the tax on profit back to the consumer. I suspect everyone else does too. If not they go out of business. Seems to me a lower flat tax would benefit everyone.
What am I not seeing? Is there a better solution? Of course I would like to starve government if at all possible. I'm listening.
Either the seller corporation or the buyer corporation has to pony up the 16% each step of the way. They recoup the cost by increasing their price. Add all those together it's a value subtracted tax as there is no increase in value only in cost the item or service still has same value...only the cost goes up. Each step of the way.
Think of the wooden chair you sit in at yiour wooden table looking at your wooden kitchen cabinets. How many corporations are involved from tree to what supports your butt? who pays. The end consumer. Businesses only collect taxes and at some point turn them in but someone has to pay those taxes. Who cannot pass on the cost of collecting all those sixteen percents? Or was it to be divided up between all those corporations? That's the guy that's sitting in the chair going but but but but....
It's a VAT no matter if it did replace Income Tax-- and that takes an amendment, or an act of congress lowering the tax rate -- it's still a Pelosi favorite. What chance you rate doing away with income tax while their collecting both.
No document just their rhetoric put to the test and taking that they say thinking it through. and it doesn't have ground truth. Cruz and Rand gave you three choices. Two involved higher taxation and one involved voting against them.
It's a perversion of the end user consumption tax with no safeguards in sight.
The new post is: "Angie."---All your kisses still taste sweet.
Hopefully we dont get Hillary or Sanders in November. I think that means Trump gets nominated and wins the election. He wont be anywhere as bad as either Hillary or Sanders.
Nor did I ask if you did drugs. I IMPLIED that the nonsense in your comments made one believe you COULD be on drugs.
Where you live is none of my concern, you're right, as long as you do nothing illegal. Hopefully, it's not Colorado Sprngs.
Incidentally, I dont do drugs, but it would be none of your business or the people you elect for that matter.
I have already explained prohibition, and laws against drugs and drunk driving were not a joint church/state endeavor, but a consequence of progressivism and feminism.
Even the Chinese government realized the damage that opium did to their social order.
Yes, you have a right to "choose" the things you consume. But why are you being obtuse, term? I have said your right to swing your fist ends where my nose begins. Your "choices" not only endanger myself and my family but the social order itself. I will not pick at the details with you; you should be able to ascertain the why of it yourself, and if you cannot, perhaps you have indulged in a little too much drugging.
I suggest you vote for Rand Paul.
If I could only upvote this more than +1. You wrapped up Trump's personality, maturity, and philosophy in five words. Well done.
Using these methods will quickly route out the bull crap but still will leave many interesting questions we can appreciate.
This is a work in progress and only a consequence of my main objectives.
Good luck with that! But how, pray tell?
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