have you heard of the fair tax?
109612
The Fair Tax is an idea that was developed in Houston, Texas in the late 1980s and early 1990s as a response to a challenge to design a fairer, more simple tax code. In its simplest, most basic form, the Fair Tax is a consumption tax that is proposed to replace all federal taxes. It is designed to eliminate the income tax (and thus the IRS), marriage and death taxes, capital gains tax, etc.\n\nIn essence it proposes to implement what is basically a 21-23% consumption tax on new products. Because the consumption tax eliminates income and other taxes, if you make $15 an hour, you take home $15 per hour. You only pay taxes when you spend it.\n\nPrices on consumer products would not raise in price because there is an embedded tax of approximately 21% built into every product we buy today anyway. An embedded tax is the tax burden of the manufacturers, distributors, retailers, etc that they don't pay ... they pass the cost on to the consumer. The free market, within a year, would eliminate the embedded tax bringing prices down to where they are now.\n\nThis has actually happened in an airline ticket tax back in the 1990s. A particular tax (I forget which one) was eliminated by the government. At first, the airlines said, "Let's not lower the price of a ticket. That is that much more profit for us." Soon, however, the free market took over and airlines began lowering the prices to attract customers. Within a few months, all airlines had lowered their prices accordingly.\n\nThere are also provisions that basically amount to tax credits for low income families. While they would pay the tax at registers, the Fair Tax proposes to set up accounts into which a "refund" is deposited equal to the amount they would need to pay the tax on housing, food and utilities.\n\nThe economic boom this country would see as a result of the Fair Tax would make any other economic growth period in this country pale in comparison. As people begin to spend and invest the extra money they are taking home, the government's share would increase as more and more goods are bought. After a short while, the government is projected to have a surplus of funds.\n\nNow why should we switch to such a radical, untested tax policy such as a consumption tax? Well, it is neither radical nor untested. In fact, the seventh largest economy in the world uses it, and its citizens pay no income tax. The State of Texas has used a very similar tax system for decades. It is tried and true.\n\nComputer models of the Fair Tax have been run by conservative, moderate and liberal think tanks, and they have all come to the same basic conclusion. The Fair Tax would work and work beyond our wildest dreams.\n\nIt is a very interesting proposal that has been gaining support in Congress over the last few years. It is important that you let your Congressional and Executive branch leaders now that you support the Fair Tax.\n\nI have really not done the proposal justice, though. See the links below for the Fair Tax website, the Fair Tax book and how to find and contact Congressional and Executive branch leadership.\n\nSorry for such a long answer, but I am passionate about the Fair Tax!  ;-)
460050
Nope, too many people with too much influence don't want it and lobby hard against it.  Why would they want to pay a flat tax if they currently pay little or no tax to begin with?
1097796
Heres a little ditty by Walter E. Williams that not only shows the absurdity of the rich getting an unfair tax break but one of the reasons they take their bussinesses elsewhere.  I hope you take the time to read it!           \nSuppose that everyday 10 men go to dinner. The bill for all ten comes to $100. If it was paid the way we pay our taxes, the first four men would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest) would pay $59. \nThe 10 men ate dinner in the restaurant every day and seemed quite happy with the arrangement until the owner threw them a curve. Since you are all such good customers, he said, I'm going to reduce the cost of your daily meal by $20. Now dinner for the 10 only costs $80. \nThe first four are unaffected. They still eat for free. Can you figure out how to divvy up the $20 savings among the remaining six so that everyone gets his fair share? The men realize that $20 divided by 6 is $3.33, but if they subtract that from everybody's share, then the fifth man and the sixth man would end up being paid to eat their meal. \nThe restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount and he proceeded to work out the amounts each should pay. \nAnd so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of $59. Outside the restaurant, the men began to compare their savings. \n"I only got a dollar out the $20," declared the sixth man pointing to the tenth, "and he got $7!" \n"Yeah, that's right," exclaimed the fifth man. I only saved a dollar, too.   It's unfair that he got seven times more than me! \n"That's true," shouted the seventh man. "Why should he get $7 back when I got only $2? The wealthy get all the breaks." \n"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor." \nThe nine men surrounded the tenth and beat him up. The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short! \nAnd that, boys and girls, is how the tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. There are lots of good restaurants in Switzerland and the Caribbean\n\n\n\n\n      \n \n     \n  \n  \n   \n  \n  \n   \n   \n  \n   \n   \n  \n  \n   \n  \n  \n   \n   \n\n--------------------------------------------------------------------------------
785717
NO! He/she are being paid their full (fair market) asking price, less your share/payment, from the gov. and they can get in serious trouble by asking you to pay more.
55647
By cess, you are made to pay more not less.\n\nIt is something that is required to be paid by those paying the "Central Excise Tax" over and above the normally payable amount of tax.
266606
are you asking if it was fair or correct ???
170339
All money we receive is taxable if you find a way out of it let us all know. Peace out!!!
114252
i will do that  but isn't it a shame we have at least 529 forms  we really need to pass the fair tax
591946
Enact the FairTax and all these types of questions are eliminated. Its called the Fair Tax for a reason. It's fair to all people.
706046
what about the poor who pay nothing below a certain level??a question that runs two ways.the middle class carries the weight of all the loopholes and breaks. I believe that a flat tax or a VAT would be equitable to all. But you will get the whiners who benefit from the present system?CPA's attorneys tax preparers need the business?if they keep it complicated they can shill the masses?I 've always wondered why the Bible says to tithe a tenth to charity and church related things and the US Govt, takes a graduated rate ? why cant they exist on 10 per cent?
104905
If you are talking about barter it is taxable.
1136696
there is help thats whi we pay taxes.
774581
You will see more money in your paycheck.  Single tax rates are higher.
1042356
Georgia Representative John Linder (R), first introduced the FairTax Bill in July 1999 to the 106th United States Congress and has reintroduced the bill in each subsequent session of Congress. There has been no difference in any form of the FairTax legislation since it was originally filed in the 106th Congress as HR 2525, except for the dates (when it was submitted to each Congress, when it would take effect, etc.). The bill has seen the most support in the 108th and 109th sessions of Congress, attracting more cosponsors than any other fundamental tax reform bill introduced in the House of Representatives.\n\nThe FairTax legislation was introduced in 2003 to the 108th Congress with cosponsor Democrat, Collin Peterson of Minnesota and gathered 56 cosponsors. The bill did not move past the U.S. House Committee on Ways and Means. The Senate bill sponsored by Republican Senator Saxby Chambliss, with Democrat cosponsor Senator Zell Miller, never moved past the U.S. Senate Committee on Finance.\n\nThe FairTax legislation was introduced in 2005 to the 109th United States Congress as H.R. 25 in the House of Representatives and as S. 25 in the Senate. Its formal name is the Fair Tax Act of 2005. John Linder remains the bill's primary sponsor, and former House Majority Leader Tom DeLay and Speaker of the House Dennis Hastert support the bill. The Senate bill is sponsored by Republican Senator Saxby Chambliss of Georgia. On June 19, 2006, the legislation had 58 cosponsors in the House and Senate. In comparison with other U.S. tax reform proposals, the nearest competitor is the Flat tax H.R. 1040 sponsored by Texas Representative Michael C. Burgess (R) with 5 cosponsors.\nFor the 2008 U.S. presidential election, Republican candidates John H. Cox and Michael Charles Smith along with Democrat candidate Mike Gravel promote replacing the current tax system with the FairTax. It has also been included in the Libertarian Reform Caucus's platform for taxation.
394179
Absolutely NOT!  I believe the tax burden on the poor should be light and that those who are successful and benefited the most from society should carry the larger tax burden.  Our current system is set up to do just that.  A flat tax would be nothing but a huge tax increase on the working poor and middle class and a tax cut for the wealthy.
387633
yes...i think most tax rates are close to 10% around the country
431360
egipt?\n\nNever heard of it.