judywhtlck's Blog

...If it's implemented it will actually be 30% sales tax and will hurt the poor and middle class the most. 30% starts to really add up when you're talking buying a car or a house.

...This "fair tax" or consumption tax (as opposed to the income tax) is the same monster by a different name, and it also opens the door wide for a carbon tax, an international tax giving power to the UN and infringing on our national sovereignty.

...We don't need the federal income tax or the fair tax if we cut spending, namely on the war. Neither of these taxes pay for roads, schools, etc, as most people think, but goes toward paying merely a portion of the interest on the national debt.

...Overall we give roughly half our income to one tax or another, this includes inflation which is a tax inflicted by the federal reserve devaluing our currency by creating money out of thin air. Stop the madness and stop paying federal income taxes. There is no law that requires you to file, but once you file you're binded to that contractual agreement for that year. Don't fear these vigilantly counterfitting crooks, google up some info and learn about it, I suggest the film, "Freedom to Fascism" as a good place to start.

http://video.google.com/videoplay?docid=-16568803038673
90173

...The first problem is that the true rate to reach revenue neutrality is unknown, and unknowable in advance. Changing the rules on such a massive scale will lead to unpredictable consequences. Fair Tax advocates call it a 23% sales tax, calculating a "tax inclusive" rate to make it sound less frightening.

...The President's Tax Advisory Council estimated that a 34% rate would be needed. The Brookings Institute pegged the needed rate at 39%. Other independent groups have said the true rate could be even higher.

...To get to the lowest rate possible, the Fair Tax would have to be levied on all purchases of goods and services at the retail level. New $300,000 house? Tack on another 90 grand. New $25,000 car? Add another $7,500 to that check.

...Do you think health insurance is too expensive today? How will you afford it when it costs 30% more? Will restaurants suffer when patrons see another 30% tacked onto the bill? Maybe not, since groceries will cost 30% more as well.

...The Fair Tax would exempt wholesale purchases, and sales of used items, to prevent double taxation. This is a laudable goal, but opens the door to widespread fraud.

...Sham businesses would be created to sell "used" goods that weren't really used, and an underground black market economy would undoubtedly ensue.