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Reilly
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Re: OT - Interesting move - Politics of Oil [Re: madalex]
      #416506 - 06/20/08 01:09 PM

I like the idea behind the fair tax...

You only pay tax on those things that you purchase...

Sales tax would be substantial...

It would help solve some serious socio-economic problems...

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Ever notice how 'What the hell' is always the right answer?~Marilyn Monroe


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Miranda
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Re: OT - Interesting move - Politics of Oil [Re: Reilly]
      #416508 - 06/20/08 01:11 PM

[quote]Sales tax would be substantial...

It would help solve some serious socio-economic problems... [/quote]

It would solve problems or creat more problems for the low wage earners?

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Reilly
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Re: OT - Interesting move - Politics of Oil [Re: Miranda]
      #416517 - 06/20/08 01:43 PM

Wage earners get to keep ALL of their money and only have to pay taxes on the things they buy....not food...

If you want to buy a 46 inch HDTV plasma television, you'll have to be able to afford the tax on it as well...

According to some of the tax plan, the government will subsidize food and basic needs...cars, television, Ipod's and Nike $350 shoes will require sales tax...

(That isn't a specific relating of the plan...just generalizing)

Drug Dealers, people who work under the table for cash and other unreported earnings would now be taxable by the things they purchase....so what would be the draw to earning money illegally...?

Obviously..I'm not in a real position to debate it..as I have only skimmed the surface..

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Ever notice how 'What the hell' is always the right answer?~Marilyn Monroe


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