The FairTax, Join in!

[Eomund]

Final-Fan said:

DKII said:
Final-Fan:

"Rather, a FairTax proposal like the initial income tax proposals would, say, call for replacing 10% of the income tax with a national sales tax of whatever size would make it revenue-neutral, and call for another shift of, say, 15% every five years if an economic review board gave the thumbs-up each time. We would be entirely converted in 35 years. Not only would this guard against the plan being disastrous in and of itself, it would help people and businesses both adjust to the new system. The current "all-in-one" proposal is a leap of faith into the unknown which is unmatched in the history of taxation in the United States and possibly in modern history."

That's probably something like how the FairTax would end up being implemented anyway.

Well that's not the implementation that I've heard is being proposed.

Come to think of it, though, that would only be half of it, as payroll taxes would still have to go, and the rest of the non-income taxes. Heck, payroll taxes ought to go FIRST.

 Amen! Payroll taxes are terrible and as we have seen do show up in prices already. I think they should go today, even without the FairTax. 

In fact I believe that all corporate taxes (corporate income, payroll [including benefit taxes, FICA matching, Medicare, unemployment taxes, etc.], capital taxes, etc.) should be abolished today. Not to mention the Capital Gains tax... ugh I get with that tax even though I only made $40 in CG last year...