joether
Posts: 5195
Joined: 7/24/2005 Status: offline
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quote:
ORIGINAL: tazzygirl Dont look to me to back your ideas on this. Personally, I believe we need to trash the whole tax system, put in a flat tax, and let the chips fall where they may. Most of the fair tax concepts I've studied over the years have some pretty flawed ideas and supporting material to back them up. Herman Cain a few months ago tries to use the idea of a 'fair tax'. He quoted a mere 23% as the amount Americans would pay for 2011 federal budget. Unfortunately, all the conversatives didnt pick up the facts (which were listed right on his own site) that the 23% number was based on 2007 figures, NOT, 2011. In fact three well known economic think tanks concluded that for the 2011 numbers to be 'correct' under a 'fair tax' system, the amount most Americans would pay is around 43-49%. I gave a full accounting of the information and numbers on the 'Herman Cain' thread. The fair tax (in any of the 72 forms I've seen in the past decade) all seem on paper to be 'good ideas'. Unfortunately, if you start doing the number crunching, based solely on the authors of those fair tax bills, one quickly finds it isn't really that fair. The rich come out on top in nearly every one of the 72 I've read. The few that didnt, their gain was minor, but still could be considered significant given the right circumstances. When the rich (and/or the real representatives of the rich.....the GOP) are pushing for a change in the tax law, shouldn't it be a curious question of "Why do they REALLY want to change the tax laws'?
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