'Fair' income taxation

[Geo]

Andrew, who are these liberals you describe? You talk about them and their beliefs on many threads but I have yet to actually meet one.

 

[beachFool]

I skewed your poll, sorry. I am a flat/fair tax person.

So you want to pay a national sales tax of 30%-40% plus your mortgage interest will be non-deductible?

FactCheck.org: Unspinning the FairTax

 

[Lynnie]

So far, 2 of 9 say Zero taxes on $100K.

This is an important philosophical position: the belief that we should make it as individuals--protect ourselves/families only--anything for community/society/government should be voluntary.

I don't agree w/ this position, but it seems to be widespread. It ignores the fact that humans are social animals that always have, & always will, live in societies/communities.

A lot of our current political debate centers around trying to find the proper balance for what individuals/families should do for themselves & what we as a community/society should do collectively for one another.

Even Libertarians (I think) support taxes to support a common defense, the state dept., & the treasury dept. Some might even support "socialized" funding for roads & highways. But the 2 saying Zero taxes in this poll are Ultra-Libertarians, I guess.

Uh-Oh, now there's three.

 

[TNJed]

So you want to pay a national sales tax of 30%-40% plus your mortgage interest will be non-deductible.

FactCheck.org: Unspinning the FairTax

30-40% sales tax? Sounds like a black marketeer's dream and Steve Earle's next album....Plasma Screen Road.

 

[TNJed]

I wonder what the total percentage of sticker price on an average car is paid in tax? After you add up every time that car is sold used over the course of it's life. 3,4,5,6 times tax is paid on it? I hate that one.

 

[idlewind]

So you want to pay a national sales tax of 30%-40% plus your mortgage interest will be non-deductible?

FactCheck.org: Unspinning the FairTax

If you are familiar with the proposal you know that every household gets a "prebate" to reimburse taxes on basic goods, ie. food, medicine etc. So, the effective rate goes down as income goes down. And the fairtax is voluntary in that if you do not buy anything new, you pay no tax. So if you object to paying 13,000 for a 10,000 new car, buy a used one and pay no tax. And to make up for the fact that there is no morgage deduction you get in return no capital gains, no death tax and no FICA/Medicare tax.
I'll take that deal.

http://www.fairtax.org/site/News2?news_iv_ctrl=1541&page=NewsArticle&id=8248

 

[idlewind]

I wonder what the total percentage of sticker price on an average car is paid in tax? After you add up every time that car is sold used over the course of it's life. 3,4,5,6 times tax is paid on it? I hate that one.

The fairtax applies only for new retail sales and services. Used items have already been subject to tax and are not taxed again.

Americans For Fair Taxation:

 

[idlewind]

I voted 10,000 because I took the question as what to pay under the current system. If we are saying zero is a vote for the fairtax, I would absolutely vote zero. The fairtax is the most fair way to do taxes.

 

[LuciferSam]

I would have thought a liberal would have selected 50% since they support tax and spend initiatives, logically they would want to pay for it.

Now that you know you're wrong, maybe that will give you a new perspective and attitude as well.

 

[30ashopper]

A 30% effective rate is equal to a typical annual mortgage payment. Does the federal government offer services to the average american equal to a roof over their head? What services does the federal government offer you? I can think of a few, interstate roads, defense, and legal framework. But do these things add up to 30% of every american's income? My answer would be no, they don't, not even close.