Comments on: FairTax is a Fair Tax http://clemsonforum.com/2007/02/03/fairtax-is-a-fair-tax/ Clemson University's Progressive News and Opinion Source Wed, 27 Aug 2008 23:36:32 +0000 http://wordpress.org/?v=2.0.4 by: Adam Thompson http://clemsonforum.com/2007/02/03/fairtax-is-a-fair-tax/#comment-12999 Wed, 21 Mar 2007 05:30:04 +0000 http://clemsonforum.com/2007/02/03/fairtax-is-a-fair-tax/#comment-12999 "The FairTax (H.R.25/S.25) is a proposal in the United States Congress for changing tax laws to replace the Internal Revenue Service (IRS) and all federal income taxes (including AMT), payroll taxes (including Social Security and Medicare taxes), corporate taxes, capital gains taxes, gift taxes, and estate taxes with a national retail sales tax, to be levied once at the point of purchase on all new goods and services. " Also, it's not placing taxes on food and clothing based on substance, but rather value. In other words, items above X amount of dollars would be taxed. “The FairTax (H.R.25/S.25) is a proposal in the United States Congress for changing tax laws to replace the Internal Revenue Service (IRS) and all federal income taxes (including AMT), payroll taxes (including Social Security and Medicare taxes), corporate taxes, capital gains taxes, gift taxes, and estate taxes with a national retail sales tax, to be levied once at the point of purchase on all new goods and services. ”

Also, it’s not placing taxes on food and clothing based on substance, but rather value. In other words, items above X amount of dollars would be taxed.

]]> by: Lee http://clemsonforum.com/2007/02/03/fairtax-is-a-fair-tax/#comment-11891 Wed, 07 Mar 2007 13:04:56 +0000 http://clemsonforum.com/2007/02/03/fairtax-is-a-fair-tax/#comment-11891 First, the Fair tax is a straight low percentage tax accross the board. NOT a national sales tax. Second, currently the "rich" or the top 10 percent of wage earners pay 70 percent of all income tax in this country even with the shelters available to them so please dispense with the notion that they are somehow screwing us over. Third, you talk about a sales tax being fair but then you start deciding what kind of clothes and food will be tax free and which are not.....how is that fair?? Open the door for that kind of crap and you wind up right where we are now. Legislators will be promising to lower the tax on Frosted Flakes and raise taxes on Granola because Granola is eaten by the "rich" and therefore is a "luxury". If your going to have a sales tax then it has to be a straight percentage on ALL merchandise and if your going to exempt things like food then it has to be for ALL foods. I offer the system Texas has as an example. Straight sales tax and no income tax. Funny thing is that either plan would greatly increase revenue and take away the government's big hammer of the IRS. First, the Fair tax is a straight low percentage tax accross the board. NOT a national sales tax. Second, currently the “rich” or the top 10 percent of wage earners pay 70 percent of all income tax in this country even with the shelters available to them so please dispense with the notion that they are somehow screwing us over. Third, you talk about a sales tax being fair but then you start deciding what kind of clothes and food will be tax free and which are not…..how is that fair?? Open the door for that kind of crap and you wind up right where we are now. Legislators will be promising to lower the tax on Frosted Flakes and raise taxes on Granola because Granola is eaten by the “rich” and therefore is a “luxury”. If your going to have a sales tax then it has to be a straight percentage on ALL merchandise and if your going to exempt things like food then it has to be for ALL foods. I offer the system Texas has as an example. Straight sales tax and no income tax. Funny thing is that either plan would greatly increase revenue and take away the government’s big hammer of the IRS.

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