OK, Joe, the Fairtax scheme just can't work! The only projected rate study done for AFFT failed to account for illegal evasion and legal tax...
OldManOnFire, Corporate income taxes paid in 2007 were $291 billion. But they also paid $435 billion in payroll contributions, and $147...
ShivaTD, With regard to your $20 million road project, you wrote: "The payroll tax (excluding the temporary reductions) of 7.65% on $10...
ShivaTD, "State and local governments, as well as the federal government, are already paying the taxes/expendatures of enterprise when they...
ShivaTD, Now that you have more or less defined your views about a national consumption tax, I have a few comments/questions. "A consumption...
Shiva TD, "I would disagree with this provision but then I oppose the FairTax.org proposal on other grounds as well (while supporting a...
Shiva TD, You wrote: "The actual estimates for how much the price of products and services would be reduced vary from 10% as note to over 24%...
Shiva TD, "The state would have to send a check to the federal government quarterly but how much does it cost to send four checks a year?" I...
unrealist 42, Please elaborate on what you mean. What untaxed spending is involved with the Fairtax? Or do you mean the income tax is unfair?...
Shiva TD, Goods and Services will cost less under the Fairtax, around 10% less, but the average retail price of goods and services will rise by...
OldManOnFire, I might have worded the 1/4 of 1% commission poorly. Each entity, retailer and State gets 1/4 of 1%. So the total commission is...
Shiva TD, "Sales tax evasion is not easy under a consumption tax as it depends on the seller to be willing to violate the law and face severe...
Oldmanonfire, "In my city we already have a 9% sales tax rate so this will change to 39%? It is impossible for me to fathom that average people...
The Fairtax rate in the first year would be an inclusive 23% or an exclusive 30%. Retail business owners will have to add 30% to the cost of...
"That's a $2,182,678,839,000 (2.18T) difference. Can you explain this?" Other than the fact that I believe you may have dropped six zero's?...
Shiva TD, "When I went to the Tax Foundation to verify the $150 billion in compliance costs for business the chart I looked at didn't break out...
Shiva TD, "The consumption of new goods and services will not be significantly effected by the consumption tax and, in fact, would probably go...
ShivaTD "The prebate, while technically income, is intended to pay the consumption tax on the individual's expendatures for necessities and...
The increase in income (prebate) does offset the tax on the basic income, but does not offset the tax paid on the prebate itself when spent. The...
Shiva TD, I can't agree with your chart numbers. The proper way to determine effective tax rates is to include the prebate as income, which it...
Shiva TD, Except for a few math errors, that is all well and good. Except,Regressive is an economic term with a precise definition - when a...
Old Man on Fire, I share your concern about the prebate. I have always maintained that a sales tax is regressive with or without a prebate....
Shiva TD, FICA stands for "Federal Insurance Contribution Act", and the method used to collect the insurance premiums is a payroll deduction...
Shiva TD, there is no confusion about the Rob/Jorgenson email exchange. FICA and payroll taxes are one and the same. In addition, Rob's...
Shiva TD, While you may think it is silly for Jorgenson to include employee taxes along with business tax costs, it is still a fact. Here is an...
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