Rep vs. Dem Differences

"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.

"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

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

Wdtabor wrote:

.......That will save us
the $100Billion it costs us each year to operate the IRS.....

In the interest of accuracy, the budget of the IRS is about $10B -
$11B - you're off by a factor of 10. I have no comment about any of the
rest of it.

--
Marc J. Zeitlin
http://marc.zeitlin.home.comcast.net/
http://www.cozybuilders.org/
Copyright (c) 2004

"Marc J. Zeitlin" wrote in message
newsdo%c.143369$Fg5.24547@attbi_s53...
Wdtabor wrote:

.......That will save us
the $100Billion it costs us each year to operate the IRS.....

In the interest of accuracy, the budget of the IRS is about $10B -
$11B - you're off by a factor of 10. I have no comment about any of the
rest of it.

Source?

Allen

Allen asked:

Wdtabor wrote:

.......That will save us
the $100Billion it costs us each year to operate the IRS.....

In the interest of accuracy, the budget of the IRS is about $10B -
$11B - you're off by a factor of 10. I have no comment about any of
the
rest of it.

Source?

http://www.unclefed.com/Tax-News/2002/nrfs02-09.html

Seems authoritative enough.....

--
Marc J. Zeitlin
http://marc.zeitlin.home.comcast.net/
http://www.cozybuilders.org/
Copyright (c) 2004

In article Ddo%c.143369$Fg5.24547@attbi_s53, "Marc J. Zeitlin"
writes:


Wdtabor wrote:

.......That will save us
the $100Billion it costs us each year to operate the IRS.....

In the interest of accuracy, the budget of the IRS is about $10B -
$11B - you're off by a factor of 10. I have no comment about any of the
rest of it.


You are correct, I misremembered that one.

Even so, the cost of compliance by the private sector are nearly equal to 20%
of the total collected. Nearly all of that would be eliminated under the
FairTax for business, and compliance cost for individuals would be one first
class stamp a year.

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

"Wdtabor" wrote in message
...

Even so, the cost of compliance by the private sector are nearly equal to
20%
of the total collected. Nearly all of that would be eliminated under the
FairTax for business, and compliance cost for individuals would be one
first
class stamp a year.



Is there a spreadsheet or other computer model available where one could
enter hypothetical situations and see the difference in tax from the old to
proposed new system?

I am curious as to how my situation would change, and also that of my
clients.

In article , "Peter Gottlieb"
writes:


"Wdtabor" wrote in message
...

Even so, the cost of compliance by the private sector are nearly equal to
20%
of the total collected. Nearly all of that would be eliminated under the
FairTax for business, and compliance cost for individuals would be one
first
class stamp a year.



Is there a spreadsheet or other computer model available where one could
enter hypothetical situations and see the difference in tax from the old to
proposed new system?

I am curious as to how my situation would change, and also that of my
clients.


There is a study by Stanford University under the research tab at the website
www.fairtax.org comparing how the change would affect various parts of the
population. Most do quite well, though a small percentage of seniors with
accumulated wealth will lose about 2% of their buying power.

Even so, most seniors do care about the world they will hand off to their
grandchildren and of course, there is no death tax under the FairTax, so no
need to divert resources to elaborate sheleters or trusts to pass on their
wealth.

There are really few questions about the plan you cannot find the answer to
either under the Research or Volunteer tabs.

Don

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

"Wdtabor" wrote in message
...

There are really few questions about the plan you cannot find the answer
to
either under the Research or Volunteer tabs.



Thanks