okay now some facts about the "facttwist" er
"factcheck" site
i decide to call it the crap tax becouse some thought
the other name was an oxymoron. what ever you call it,
it is what it is.
the purpose was to reform the tax code. reform has
been tried in the past and sometimes it was actually
was siomplified only to be made more complicated again
as congress and lobbist for special interest started
adding this and adding that until we are back with a
15000 page tax code that even the IRS can't be
depended on to give a reliable answers to questions
about it and we are as a nation spending more than 4
billion dollas a year just to do paperwork to try to
comply with this monster.
the only way to stap this cycle is to get rid of the
16th admendment and the irs, get congress out of
changing the laws in response to multimillionair
lobbist trying to game the system. there in is the
main opposition if you are making a million dollar
salary lobbying for loopholes in the code then you
don't want reform. for congressman this is a loss of
power. it is a powerful tool to be able to reward
cirtain behaviors or lack of behaviors with a tax
break. so there is a lot of incentive to twist
information against this. when they put in a change
now no one notices until the next filling a yar away.
if there is a sales tax people are going to know right
away that taxes have went up. so it will be harder for
congress to tinker with this.
now some facts omitted by the fact omit site.
1. this is the most studied piece of tax legislation
in history.
2. the politicians introducing this bill did not come
up with the %. this was tast to a team of 20 harvard
people with doctors degrees and many years of
ecconomics experience. you know harvard that baston of
right wing thought.
3 the Avisory council of tax reform was made up of a
handfull of washington insiders and their staffs with
experience in "compromise" washington style and not
much in the way of ecconomics experience. they were
task to study all the different ideas of tax reform
and report back to the president. if you remember they
came back with only a few suggestions to tweak some of
the deductions and very little else.
4 corps do not pay taxes, consumers do. oh the corps
did file papers and send in money to the government,
but then they just add it into their cost of business
and guess who gets the bill. their customers. if you
don't understand this point just quit reading because
you are not going to understand much of this.
5. derivived from fact 4 is that there are taxes
imbedded in everything we buy already as part of the
price.
6. the harvad guys were suppose to come up with % that
would be revenue neutral meaning the government would
collect as much revenue under the new plan as under
the present plan. the % was stated inclusive just as
the income tax was inclusive so as to compare "apples
to apples" not apples to oranges" as the advisory
committee did after changing the way it was written.
and as reported by "facttwist" site.
7 the advisory committee said "as written this plan is
the only plan that completely takes the tax burden off
the poor." that was before they proceded to alter it
washington style.
8 the harvard guys set the 23% and also set the
imbeded taxes in the price at 22 or 23 %
okay so now less address the "factcheck" facts. first
the 34 percent is already addressed in fact omited
number 6. 34 is and excluseive quote while leaving the
income tax inclusive. so it that were all the supposed
10000 priced item would be $12300 not $13400, but what
about the other facts omitted. the imbeded 22 %
already in the price would in short order be forced
out of the price by compettive pressure of the free
market. the truely momopolistic companies might have
to be handled by the anti trust laws. this would alter
the $10000 item would now be $7800 before tax. 7800
adding 23 % is $9594 not $12300 or $13400 as presented
by the committee and further by "facttwist." some one
is benifited already. the companies can sell good
cheaper and compete better overseas. jobs quit being
outsourced because now america is the tax haven. who
benifits most by jobs staying in this country? hmm
but wait. you get a increase in your takehome pay as
there are no deductions for federal tax, social
security tax, or medicare tax. you make $400 you take
home $400 less only the state deductions. more monbey
to pay for cheaper goods. who does not benifit, but
wait there is the prebate of an amount = to the tax on
amounts spent up to the povaty level. so you have
money to pay the 23 % up to povaty level spending
before you even spend. who does not benifit? of cousre
those in povaty are not forced to buy at only povaty
level the plan does not purport to make spending
decisions for the poor, it just purports to make it
possible for them to be tax free.
questions. how doe the 23 percent replace the 22 %
that the govermennt now gets thought corp taxes
imbeded in todays prices plus the other feder taxes
collected, income tax, ss tax, medicaRE tax, excise
tax, gasoline tax. i do not know everything the
harvard guys took into consideration, but some of it
is that a considerable showdow ecconomy not paying
taxes now would be forced into being taxed. those
dealling in cash and not bothering to file would find
it hjarder to avoid sales tax. oh i am sure some would
try, but it would be harder i think. tourist visiting
would pay. 12-20 million illegal aliens would pay.
would they get the prebate, i don't know. should they
get the prebate. it'd certainly be an incentive to try
to get legal, but that is another discussion.
i am sure there is more that i do not know about.
www.fairtax.org faq tries to answer questions.
congressman linder co-arthored a book "the fair tax
book" and is now doing another "answering the critic,
the fair tax" sorry i can't call the books or the
website crap tax they have their names.
if you guys want to take the factcheck.com site as a
tresure trove of information, knock yourselves out,
but keep in mind that what they leave out might just
make them a treasure trove of BS.
again given what we have now, i'd take my chances with
crap tax if it were my choice. hell just not having to
try to keep all the records and filling out that
onerous forms would be worth something to me.
hope this is more lagically presented than when i was
dead tired and 90 % asleep the other night.
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