The Fair Tax

[djones520]

Economics isn't my strong point, but initially this jumps out at me as a bad idea.

What have you guys got to say about it?

[Rebel]

Economics isn't my strong point, but initially this jumps out at me as a bad idea.

What have you guys got to say about it?

It's ****ing awesome. What else ya need? 

Tell ya what, I'll send you the Fairtax Book, by the awesome Neal Boortz, if you want.

[djones520]

Economics isn't my strong point, but initially this jumps out at me as a bad idea.

What have you guys got to say about it?

It's ****ing awesome. What else ya need? 

Tell ya what, I'll send you the Fairtax Book, by the awesome Neal Boortz, if you want.

Yeah, I've been looking for something to help put me to sleep.

[Chris_]

Economics isn't my strong point, but initially this jumps out at me as a bad idea.

What have you guys got to say about it?

It's ****ing awesome. What else ya need?  :-)

Tell ya what, I'll send you the Fairtax Book, by the awesome Neal Boortz, if you want.

Yeah, I've been looking for something to help put me to sleep.

Be punished for your frugality -- yeah, works for me.

[Rebel]

Yeah, I've been looking for something to help put me to sleep.

Books ALWAYS put me to sleep. This book, however, will not. Kinda hard to go to sleep when you're reading about a plan that'll allow you to keep ALL of your earnings.

[djones520]

Yeah, I've been looking for something to help put me to sleep.

Books ALWAYS put me to sleep. This book, however, will not. Kinda hard to go to sleep when you're reading about a plan that'll allow you to keep ALL of your earnings.

But at the same time, jack the prices of EVERYTHING you ever buy up by 23-30%.  Is that really going to level out?

[djones520]

I bet AAFES is giddy as can be over the prospect of this going through.  Or will they be required to institute the policy as well?

If not, I can tell you I'd never shop anywhere else again.

[Chris_]

I bet AAFES is giddy as can be over the prospect of this going through.  Or will they be required to institute the policy as well?

If not, I can tell you I'd never shop anywhere else again.

You lost me.

[djones520]

I bet AAFES is giddy as can be over the prospect of this going through.  Or will they be required to institute the policy as well?

If not, I can tell you I'd never shop anywhere else again.

You lost me.

Army Air Force Exchange Service

We don't pay any sales taxes through it.  If that holds, you'll see an even bigger influx of people pushing to use them, since places like Walmart will now be more expensive.

[Chris_]

I bet AAFES is giddy as can be over the prospect of this going through.  Or will they be required to institute the policy as well?

If not, I can tell you I'd never shop anywhere else again.

You lost me.

Army Air Force Exchange Service

We don't pay any sales taxes through it.  If that holds, you'll see an even bigger influx of people pushing to use them, since places like Walmart will now be more expensive.

Wow -- good point.  I have 2 retired BILs (Navy) who have base access -- I see black market opportunities.... ;)

[Rebel]

But at the same time, jack the prices of EVERYTHING you ever buy up by 23-30%.  Is that really going to level out?

Wrong. There's a 21% embedded tax on any new good you purchase. Since corporations won't have to pay taxes, to remain competitive, they'll remove those costs. The ONLY entity that will pay federal taxes in the country will be the individual....who pays them all anyway, in one way or another. You will wind up paying about the same thing for your goods. Why? Because instead of having a tax-base of about 50 on a scale of 100, you'll have 100. Buy the book.

[Rebel]

Army Air Force Exchange Service

We don't pay any sales taxes through it.  If that holds, you'll see an even bigger influx of people pushing to use them, since places like Walmart will now be more expensive.

In that case, the goods you purchase will be 21% cheaper than they are now.

[Chris_]

There's supposed to be a one-year period between the removal of the income tax and the implementation of the Fair Tax.  It's supposed to give employers time to change their payroll systems and all that jazz.

It's not a huge book.  I read it in a weekend.

[rich_t]

I have heard that Boortz does a good job in explaining the fair tax.

But let's face it...  The fed will never willingly give up the individual income tax.  It gives them too much power for them to turn away from.

[Jim]

I bet AAFES is giddy as can be over the prospect of this going through.  Or will they be required to institute the policy as well?

If not, I can tell you I'd never shop anywhere else again.

You lost me.

Army Air Force Exchange Service

We don't pay any sales taxes through it.  If that holds, you'll see an even bigger influx of people pushing to use them, since places like Walmart will now be more expensive.

you may not pay state or local sales taxes but you are paying many other taxes incurred along the way of  that product's life.  read the book or just go to the website fairtax.org and prepare to be shocked.

[Jim]

I have heard that Boortz does a good job in explaining the fair tax.

But let's face it...  The fed will never willingly give up the individual income tax.  It gives them too much power for them to turn away from.

thats a tough nut to crack but they'll fight it more for all the hidden taxes that you don't see and that they use all the time to reach deeper into your pockets.

[Miss Mia]

Economics isn't my strong point, but initially this jumps out at me as a bad idea.

What have you guys got to say about it?

It's ****ing awesome. What else ya need? 

Tell ya what, I'll send you the Fairtax Book, by the awesome Neal Boortz, if you want.

Rebel, where do you get the book from?  It's been on my to-do reading list. 

[Rebel]

Economics isn't my strong point, but initially this jumps out at me as a bad idea.

What have you guys got to say about it?

It's ****ing awesome. What else ya need? 

Tell ya what, I'll send you the Fairtax Book, by the awesome Neal Boortz, if you want.

Rebel, where do you get the book from?  It's been on my to-do reading list. 

A book store. Here's your sign.










 

[Miss Mia]

Economics isn't my strong point, but initially this jumps out at me as a bad idea.

What have you guys got to say about it?

It's ****ing awesome. What else ya need? 

Tell ya what, I'll send you the Fairtax Book, by the awesome Neal Boortz, if you want.

Rebel, where do you get the book from?  It's been on my to-do reading list. 

A book store. Here's your sign.










 

 I didn't know if it was only sold online.




And I totally walked right into that one.   

[Chris_]

You can get one from Amazon for eight bucks.

[Rebel]

You can get one from Amazon for eight bucks.

Cheapest place. There's also one called "The Fairtax Book-Answering the Critics". A follow up.

[Miss Mia]

You can get one from Amazon for eight bucks.

Why, thank you Chris, you've been very helpful. 

Cheapest place. There's also one called "The Fairtax Book-Answering the Critics". A follow up.

Thanks Rebel, I bought both. 

[DumbAss Tanker]

Army Air Force Exchange Service

We don't pay any sales taxes through it.  If that holds, you'll see an even bigger influx of people pushing to use them, since places like Walmart will now be more expensive.

In that case, the goods you purchase will be 21% cheaper than they are now.

Not at all.  The PX/BX charges no sales tax because those are STATE taxes.  A FEDERAL sales tax, tariff, excise tax, VAT, fair tax, or whatever else you want to call it would still have to be charged by AAFES.

It would probably have the effect of making the PX/BX slightly less competitive with Wally World, to the extent it would pull one way or the other at all. 

[Jim]

Army Air Force Exchange Service

We don't pay any sales taxes through it.  If that holds, you'll see an even bigger influx of people pushing to use them, since places like Walmart will now be more expensive.

In that case, the goods you purchase will be 21% cheaper than they are now.

Not at all.  The PX/BX charges no sales tax because those are STATE taxes.  A FEDERAL sales tax, tariff, excise tax, VAT, fair tax, or whatever else you want to call it would still have to be charged by AAFES.

It would probably have the effect of making the PX/BX slightly less competitive with Wally World, to the extent it would pull one way or the other at all. 

Any tarrifs, excise taxes or federal sales taxes and the like which are already imbedded into the wholesale price of goods would disappear to be replaced by the Fair Tax leaving it priced the same.  State and local sales taxes were never applicable so you remain the same.

Point is that there are many taxes that get built in at wholesale that you just dont see unless you start burrowing into hundreds of pounds of tax law books.

[AllosaursRus]

Yeah, I've been looking for something to help put me to sleep.

Books ALWAYS put me to sleep. This book, however, will not. Kinda hard to go to sleep when you're reading about a plan that'll allow you to keep ALL of your earnings.

But at the same time, jack the prices of EVERYTHING you ever buy up by 23-30%.  Is that really going to level out?

Ahhhh, but you would be keeping the 20% of your wages the gub'mint is currently stealing out of your pay check!