capologist Posted January 25, 2013 Share Posted January 25, 2013 Quote Link to comment Share on other sites More sharing options...
kicker Posted January 25, 2013 Share Posted January 25, 2013 yes please. Quote Link to comment Share on other sites More sharing options...
lostone Posted January 25, 2013 Share Posted January 25, 2013 (edited) Agreed!If like to only have state taken out!How does a person measure consumption at the federal level? Just give them an extra check with a percentage of the previous check?? Edited January 25, 2013 by lostone Quote Link to comment Share on other sites More sharing options...
GEORGIAfan Posted January 25, 2013 Share Posted January 25, 2013 Now he lost my vote. He had it after he disowned the Norquist pledge. Quote Link to comment Share on other sites More sharing options...
kicker Posted January 25, 2013 Share Posted January 25, 2013 I could totally see why people hate this idea. Quote Link to comment Share on other sites More sharing options...
FalconDrifter Posted January 25, 2013 Share Posted January 25, 2013 With this plan, I would've had to pay $11,200 in tax on my car. Right now I give roughly $15k in taxes personally every year. This plan can go **** itself. Quote Link to comment Share on other sites More sharing options...
Mr. Hoopah! Posted January 25, 2013 Share Posted January 25, 2013 Now he lost my vote. He had it after he disowned the Norquist pledge.Well I doubt he gives a **** if he lost your vote because he announced today he won't be seeking reelection. Quote Link to comment Share on other sites More sharing options...
GEORGIAfan Posted January 25, 2013 Share Posted January 25, 2013 I just heard that on CNN. He heard I wasnt going to vote for him, so he backed out. POWER OF THE VOTER Quote Link to comment Share on other sites More sharing options...
NJDirtyBird7 Posted January 26, 2013 Share Posted January 26, 2013 No thanks Quote Link to comment Share on other sites More sharing options...
capologist Posted January 26, 2013 Author Share Posted January 26, 2013 With this plan, I would've had to pay $11,200 in tax on my car. Right now I give roughly $15k in taxes personally every year. This plan can go **** itself.Ummm, no, you misunderstand the calculations bud... Quote Link to comment Share on other sites More sharing options...
kicker Posted January 26, 2013 Share Posted January 26, 2013 With this plan, I would've had to pay $11,200 in tax on my car. Right now I give roughly $15k in taxes personally every year. This plan can go **** itself.Do you buy a new car every year? Under the fair tax you'd take home that extra $15k and then decide how you want to pay taxes. So if you buy a car once every 5 years, that's $11k in taxes every 5 years on the car, but you've taken home an extra $75k in income. Sure, you'll buy other stuff to offset that, but as you can imagine, it would promote savings. The rich would be the ones most impacted by a fair tax. They aren't going to tolerate a BMW out of warranty. Quote Link to comment Share on other sites More sharing options...
lostone Posted January 26, 2013 Share Posted January 26, 2013 I start drooling thinking about what I could save! I hope food would be about the same though. Quote Link to comment Share on other sites More sharing options...
kicker Posted January 26, 2013 Share Posted January 26, 2013 (edited) Double post Edited January 26, 2013 by kicker Quote Link to comment Share on other sites More sharing options...
capologist Posted January 26, 2013 Author Share Posted January 26, 2013 Do you buy a new car every year? Under the fair tax you'd take home that extra $15k and then decide how you want to pay taxes. So if you buy a car once every 5 years, that's $11k in taxes every 5 years on the car, but you've taken home an extra $75k in income. Sure, you'll buy other stuff to offset that, but as you can imagine, it would promote savings. The rich would be the ones most impacted by a fair tax. They aren't going to tolerate a BMW out of warranty.Not to mention price increases would only be 1 to 2% Quote Link to comment Share on other sites More sharing options...
capologist Posted January 26, 2013 Author Share Posted January 26, 2013 I start drooling thinking about what I could save! I hope food would be about the same though.The poor and middle class win on this IMO. Sure, the poor no longer get the end of year credits, etc. BUT they get their entire paycheck and I think that's more valuable... Quote Link to comment Share on other sites More sharing options...
GEORGIAfan Posted January 26, 2013 Share Posted January 26, 2013 what are yall smoking? the burden would be on the middle class, not the rich. Quote Link to comment Share on other sites More sharing options...
Herr Doktor Posted January 27, 2013 Share Posted January 27, 2013 The poor and middle class win on this IMO. Sure, the poor no longer get the end of year credits, etc. BUT they get their entire paycheck and I think that's more valuable...Absolutely! Well said. Quote Link to comment Share on other sites More sharing options...
capologist Posted January 27, 2013 Author Share Posted January 27, 2013 what are yall smoking? the burden would be on the middle class, not the rich.No, it really wouldn't be... Quote Link to comment Share on other sites More sharing options...
GEORGIAfan Posted January 27, 2013 Share Posted January 27, 2013 No, it really wouldn't be...again. what are you smoking? Quote Link to comment Share on other sites More sharing options...
capologist Posted January 27, 2013 Author Share Posted January 27, 2013 again. what are you smoking?The truth? Quote Link to comment Share on other sites More sharing options...
GEORGIAfan Posted January 27, 2013 Share Posted January 27, 2013 How is the burden not shifted towards the middle? It has been a little since I have taken economics, but every economics class I have taken as considered sales taxes as regressive taxes. Quote Link to comment Share on other sites More sharing options...
capologist Posted January 27, 2013 Author Share Posted January 27, 2013 How is the burden not shifted towards the middle? It has been a little since I have taken economics, but every economics class I have taken as considered sales taxes as regressive taxes.If you want to go on pure percentages, yes, it would shift the burden but when you get to keep your whole paycheck without that huge chunk taken out and then go to the store and things are only 2% higher than they are now--who cares about percentages? I guarantee you the "rich" will be outspending the poor and middle class not to mention the tourists and illegals paying their share... Quote Link to comment Share on other sites More sharing options...
GEORGIAfan Posted January 27, 2013 Share Posted January 27, 2013 No thanks to regressive taxes. It is called regressive for a reason. nothing fair about it. Quote Link to comment Share on other sites More sharing options...
capologist Posted January 27, 2013 Author Share Posted January 27, 2013 No thanks to regressive taxes. It is called regressive for a reason. nothing fair about it.But you won't answer the logical situation I just described? What I just said is a fact. The response isn't directed at it. Quote Link to comment Share on other sites More sharing options...
GEORGIAfan Posted January 27, 2013 Share Posted January 27, 2013 You agreed that percentage wise the burden would be shifted towards the middle class. why would your logical situation matter? The middle and poor would pay a higher % of their income in that system. Lets not even bring up the whole used car scenario, which shows how it adversely affects the automotive business. Quote Link to comment Share on other sites More sharing options...
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