Youtube debate

[Final-Fan]

Eomund said:

Final-Fan said:
Oh and by the way didn't you see the evidence I presented showing that the FairTax will actually cost you MORE money unless you make less than $15-20k or more than $200k?

Apparently not Final. I do not believe that this current system is good, but I have to live with it until we change it. I do not know where you got those numbers but I call BS. I believe that having the tax haven of the world would create more jobs and more opportunities to improve my standing. I further believe in taking home my whole paycheck. I do want the FairTax to pass. There is not much that can deter me of that wish. If you take out the Cost of Compliance of the current tax code for businesses and the matching payroll taxes for businesses the costs of business decrease and then the companies can lower the prices of good and services. The FairTax isn't applied to Used Items. That could reduce the cost of housing too (not saying for sure that it will, but it could). If I got all my money from my work, then I could shop for used items in such categories as: Clothing, furnishings, electronics, other non-perishable items, etc. and not pay taxes. PLUS I get my Prebate check every month, so I am taking home more useable money than I could under the current system.

For more detailed examples, read some of my earlier posts in this thread.

Here is a post I made in thread 10441, reproduced verbatim:

FactCheck.org is about as neutral and accurate as they come. Here's what they have to say about the FairTax:

http://www.factcheck.org/taxes/unspinning_the_fairtax.html

This is the Treasury Department's graph of who will pay what percentage of tax revenue under the FairTax as opposed to current tax law. Notice how everyone is actually paying MORE except for the extremely poor and very rich?

You should also check out the part about the misleading "tax-inclusive price" tax rate.

In conclusion: the FairTax would be LESS FAIR THAN THE CURRENT TAX SYSTEM. (Giving handouts -- shades of welfare? -- to the poor while effectively dropping taxes on the rich and raising them on everyone else.)

(End quote)

If you distrust Treasury Department numbers, Americans for Fair Taxation came up with a graph that says people under $25k will come out ahead, and above $25k you pay more -- but interestingly, everything above $75k is lumped into one section. Perhaps this is to hide the "tax cuts for the very rich" part of the deal?