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#191
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![]() "Jim Weir" wrote in message ... You idiots that post a two-line answer without bothering to snip the top fifty lines of repetitive drivel are wasting bandwidth, don't you? How about top posting? Some don't like that either. But, you must admit, with more and more broadband, and disk space close to free, bandwidth here isn't the issue it used to be. |
#192
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In article , vincent p. norris
writes: I understand that when ALL taxes are considered, we in the USA have a *regressive* tax system. For details on just how regressive it is, go to Fairtax.org and click the Research tab and then take the link to "Current System" -- Wm. Donald (Don) Tabor Jr., DDS PP-ASEL Chesapeake, VA - CPK, PVG |
#193
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In article , "Peter Gottlieb"
writes: But just how to you plan on getting the government to release itself from the public teet? Our two significant parties don't seem differentiable from one another when it comes to spending money, they only argue about where. You can shift around who pays the biggest tax burden, you can shift around programs, but the only way to fix things is to reduce how much is spent and this is an enormously difficult problem to tackle. That is, of course, the point. We spend so much only because the majority of the electorate PERCEIVES federal spending as "free" to them. The vast majority of the tax burden is concealed in imbedded taxes in the cost of goods and services. Add to that the "employer contribution" to FICA and FUTA, and the painless nature of witholding taxes from gross pay and the result is that people vote for spendthrift politicians because they buy into the illusion that someone else is paying for it. What the FairTax does, more than anything else, is to dispel that illusion and make the cost of government visible othose who are paying for it. When the hardworking low and middle income taxpayers, who currently think they get all their tax back when they file their return, see the true cost of government on every grocery receipt, they will be less inclined to vote for politicians who fund $50 million domed ranforests in Iowa. -- Wm. Donald (Don) Tabor Jr., DDS PP-ASEL Chesapeake, VA - CPK, PVG |
#194
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In article , "CB"
writes: Shift the sales taxes away from the things people need to have to live and put tax on the things that are not essentials to live. THe FairTax addresses this not by exempting certain goods, but by rebating the sales tax paid on spending up to the level determined as needed to cover basic expenses. Using a formula very similar to that currently used to determine the poverty line, the tax paid on necessities for a given family size is determined and each month you get a check (or more likely, an electronic deposit) to reimburse you for that tax. The effect is that basic living spending is tax free to everyone, rich or poor alike. -- Wm. Donald (Don) Tabor Jr., DDS PP-ASEL Chesapeake, VA - CPK, PVG |
#195
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![]() "Wdtabor" wrote snip THe FairTax addresses this not by exempting certain goods, but by rebating the sales tax paid on spending up to the level determined as needed to cover basic expenses. The FairTax interests me, but I've been wondering why tax food and clothing at all in the first place, instead of sending out rebate checks (or deposits)? Is it because it is hard to classify certain items as "necessary" and a rebate is just easier? -Trent PP-ASEL |
#196
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"Martin Hotze" wrote in message
... so every K you post adds up to thousand K, and every megabyte adds up to 1000 megabytes. This is silly. There is SO much capacity that whether we diligently trim or not is inconsequential. A 200 *GIGA*byte drive is now $80. Retail. Let's see now... the post referenced might possibly by 1k byte, so now the cost per newsgroup server for this eggregious act of non-trimming would be a whopping $0.0000004, or anotherwords, it would take 25,000 untrimmed messages of that size to fill up 1 cent of disk capacity per server. |
#197
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In article , "Trent Moorehead"
writes: The FairTax interests me, but I've been wondering why tax food and clothing at all in the first place, instead of sending out rebate checks (or deposits)? Is it because it is hard to classify certain items as "necessary" and a rebate is just easier? The FairTax will be collected by the States, which will get a commission for collecting it. There will be no federal taxing authority. The States have their own sales taxes already, and they differ from state to state as to what item are taxable or not. To add a federal list of taxable and non-taxable items would be very complicated to adminster. It is adminstratively simpler, and equally fair, to simply estimate the cost of essentials and allow for them uniformly. -- Wm. Donald (Don) Tabor Jr., DDS PP-ASEL Chesapeake, VA - CPK, PVG |
#198
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![]() "Wdtabor" wrote in message ... In article , "CB" writes: Shift the sales taxes away from the things people need to have to live and put tax on the things that are not essentials to live. THe FairTax addresses this not by exempting certain goods, but by rebating the sales tax paid on spending up to the level determined as needed to cover basic expenses. Using a formula very similar to that currently used to determine the poverty line, the tax paid on necessities for a given family size is determined and each month you get a check (or more likely, an electronic deposit) to reimburse you for that tax. The effect is that basic living spending is tax free to everyone, rich or poor alike. The trouble with all these great ideas is that the cost of administering the taxes can out weight the tax benefit. In theory your idea sounds great, but the beauracracy involved would be immense. |
#199
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"CB" writes:
The trouble with all these great ideas is that the cost of administering the taxes can out weight the tax benefit. In theory your idea sounds great, but the beauracracy involved would be immense. How would it compare to the current bureaucracy? -jav |
#200
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In article , "CB"
writes: The trouble with all these great ideas is that the cost of administering the taxes can out weight the tax benefit. In theory your idea sounds great, but the beauracracy involved would be immense. ?? What bureaucracy? Other than those which already exist? The tax will be collected by the States using their existing sales tax bureaucracy, and the States will receive a commission to cover their small costs for doing so. The rebates will be sent out by the existing Social Security mechanisms, at the cost of a bit more paper. In return, the IRS will cease to exist. The day the FairTax goes into effect, they turn off the lights at the IRS, and all of their records, other than those needed for collection actions in progress, will be destroyed. That will save us the $100Billion it costs us each year to operate the IRS, PLUS the $400 Billion spent by businesses and individuals to comply with the IRS code. The FairTax will reduce the total state and federal tax bureacracy by by at least 90% over all, and the cost of collection will be built into the collection mechanism. Your personal tax compliance effort will be to send in a form once a year telling the SS folks how many people are in your family and what their SS numbers are. Retail businesses will collect the tax as they do with sales taxes now and turn them into the state, just as they do now. They will no longer have to withold taxes from employees, calculate depreciation, or any of the other accounting that is otherwise not needed in operating the business. Their monthly tax return will look something like Retail Sales X Tax Rate = Amount enclosed. That's it. -- Wm. Donald (Don) Tabor Jr., DDS PP-ASEL Chesapeake, VA - CPK, PVG |
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