The FairTax, Join in!

[Final-Fan]

Greer said:
Final Fan, and others.

What does any of this have to do with Bush?? I thought we were talking about the tax code.

and Final Fan,

The 22% isn't a tax that is paid to the government, it is a cost incured by businesses to prepare their tax statements. Think of the army of accountants, and the man hours needed for lets say Best Buy to prepare their taxes, and if they are audited, that expense goes even higher.

The arguement here is that if Corporations don't have to prepare their taxes, then they can cut out those additional costs, which are estimated to be at 22%.

So, with this plan, companies can cut costs by about 22%, and that won't effect the governments tax income. Then, the cost goes up 23% for consumer taxes. Therefore the cost to consumers stays the same, and the government income stays the same. Where the savings comes in is in the form of all the saved man hours needed to prepare overly complicated tax statements.

Don't you see how that is a good thing, it basically would give more money to everyone, because it gets rid of wasted effort in preparing taxes.

Also, Huckabee said he didn't know how old the world is because the days in the Bible during creation could have been of any length of time. It was 7 "God" days, which could be a billion years a piece for all he knows. So, get your facts right before you go blasting someone and their beliefs.

This thread has touched on a couple other subjects but always returned to the issue at hand. I've made small comments on those (which Eomund actually brought up in the first place by the way).

[edit:  posted this before I saw that Greer was leaving the thread.  Please pretend that the following is directed at Eomund.]

Ah, so [edit: are you] saying that people are calling "cost of compliance" a "hidden tax"[?]  First of all, I would have to see the evidence that it actually amounts to 22%, and to know what precisely it is 22% of, and especially see whether the 22% of (whatever) is equal to 23% of (the tax-inclusive price of all new retail sales in the U.S.*) AKA 30% of all new retail sales in the U.S.*

Then I would like to know how much the cost of compliance for the FairTax will be, and if you say "Zero" I will LOL. Don't forget the cost of administering the prebate system as well.

*Including, as I recall, houses; rent; mortgages and other debt/interest payments; medical bills; gas; and all sorts of interesting things.