1. A sudden increase in incomes due to the elimination of the income tax system would have an inflationary effect if it resulted in a sudden major increase in consumer spending. But sales taxes are inherently deflationary, not inflationary. The deflationary effect of a 23% national consumption tax would balance the inflationary effect of increased incomes.

2. No deleterious effects for the Fed to worry about.

3. This topic is fully explained on the fairtax.org web site. It’s not an attempt to be deceptive or misleading. Simple put, 23% tax-inclusive is equal to 30% tax-exclusive.

4. Including all levels of governement in the tax base is not an attempt to fool anyone. As is described in plain English version of the bill, it is not intended to generate actual revenue, it is designed solely to close loopholes so that government officials and employees can’t take advantage of government accounts to buy things tax free for themselves and their friends. That’s an important part of writing good legislation.

Not gonna happen you fools.

What the hell are you gonna do, you Fairtax idiots, when 1.2 trillion ISNT there — when you CAN’T collect it?

What the hell are you gonna do? You will HAVE to raise the tax rate you morons.

So the fairtax rate won’t be ANYwhere near 23%, or 30%. Try 50%, 60%.

And when the national sales tax is 50 or 60%, guess what happens? People avoid those sales tax like the plague. And the rate will have to go EVEN HIGHER.

I hope this farce passes, I really do. I want to see this farce tax blow up. If it passes — and it won’t — I just wonder how long before we rescind it. A month? Three months?

My guess is — four months. But again -Fairtax can’t pass.

It can’t pass cause the Fairtax leaders already KNOW its a farce, they KNOW its bullshit. They aren’t ABOUT to let it pass. They KNOW the government can’t pay itself 800 cents a year — much less 800 billion dollars.

They know that cancer victims aren’t going to be taxed. They know that nursing home patients won’t have to pay this farce tax.

They know there will be all kinds of exemptions.

They know exemptions are INEVITABLE — and needed. They know all this.

They are lying to you gullible idiots.

Wake up.

Fairtax groups, a group of Fairtax experts, are saying that doesnt mean you take home your gross pay. They are backpeddling on that like a circus bike rider. They are saying they dont even IMPLY you keep your gross pay.

http://fairtaxgroups.com/index.php?topic=2753.60 Read those fairtax experts — they say that “keeping your whole paycheck” has NOTHING to do with getting more on your paycheck on payday - they say the EMPLOYER can keep that money you paid before, and cut prices with it.

I know — whack, huh? You thought they meant you would keep your whole paycheck.

Fairtax is just slippery nonsense, a farce, another bunch of liars who are fooling gullible people.

If someone came up to you and said “The government can just cut taxes in half, and pay itself half the money” you would laugh, and walk away.

Well, thats pretty much what Fairtax is about. Neal Boortz (page 148) says “The federal government itself will become a major taxpayer.)

Fairtax depends on taxing the Navy on submarines, NASA on space shuttles, the airforce on jets, etc.

The problem is — math, logic. You can’t pay yourself a tax. You can PRETEND to, sure. But since the government has to WRITE the check, in order to DEPOSIT the check, you can’t count that as revenue.

Plus - if the sales tax on itself wasnt loony enough -Fairtax says they will send out 500 billion in “prebate” checks for people to pay their taxes. Incredibly — they count the receipt of those taxes as revenue.

Totally wacked out stuff.

ANd it doesnt end there — Fairtax puts a tax on medical care, on cancer, on nursing homes, ect. But they say it will be FREE in effect, cause prices will go dow.

Let me be real clear. Its a farce. Its a complete farce. Its a shell game.

And thats why I hope it passes. I pray it passes. I would love to see the Fairtax happen. I would laugh myself silly.

http://fairtaxabsurdity.blogspot.com

If the FairTax is such a bad idea, why does the media always report on consumer spending and how important that is to the economy? Why do Florida, Texas and other states do so well without an income tax? About 40% of Americans actually pay taxes. Is it not better for everyone who sets foot on American soil to pay into the system? The FairTax will solve the S.S. problem by increasing the number of tax payers.

I , and I venture to say , no one else who posts here were around in 1913 and had nothing to say about taxing our incomes. I and we do now! The FairTax does not promise Utopia but it is so much better than what we have. The ignorance and apathy prevailing through the general public has always been a blessing to those in congress who continually use the tax code for social engineering to their benefit.

As a side note, I get the feeling a lot of Fair Taxers would also be content if we went back to the gold standard.