EvilMonkey

Interesting concept, even though the guy is nuts.

Cookie

It's a consumption tax. Whereas only the wealthy have previously been able to fully enjoy tax avoidance, now everyone gets a more evenhanded shot. You don't buy, you don't pay. Simple, and not crazy at all.

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Corgi butts drive me nuts.

jdanton

When one starts asking serious questions, this thing is shown for the whacky idea it is.

Suppose you are below the taxable income, you still have to pay the sales tax.

If there is going to be a government mechanism to refund you what you pay in sales tax, what's the point of replacing the IRS.

The ONLY concept I've ever found that I like is the one I wrote.

Zero taxes of any kind come out of the first $15k. At that level, a flat income tax begins. At 25k, payroll taxes begin, and these flat rate taxes, income and payroll come out of every dollar above those figures.

You'd still need some way of coordinating multiple jobs.

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Author: Memoirs of a Sleepless Mind, a book you CAN judge by its cover.

Heretic

It was suppose to only be 15%.

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"In space no one can hear you scream. in D.C. it won't matter..." -Clinton Resurrection: The Alien Queen lives!

Richterscale

Unless..........................

you don't tax food, utilities, clothing, gas, ie. basic expenses. Otherwise, it eats up XX% of a poor persons money, while taking .0000XX$ of a rich persons money.

A straight flat sales tax is worse than what we have now.

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Google Sibel Edmonds

"How many people died from the Kama Sutra as opposed to the Bible? Who wins?" - Frank Zappa

CosmicRocker

there is supposed to be some kinna monthly check paid to those below now taxable income limits.
To make up for the sales tax burden
I kid you not -monthly checks

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Traveling Wilburys (l to r)

Bob Dylan, Jeff Lynne, Tom Petty, George Harrison, Roy Orbison

Heretic

The Fair Tax thing seemed like a good idea at first, up until these crazy fuckers hijacked it into this weirdness now.

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"In space no one can hear you scream. in D.C. it won't matter..." -Clinton Resurrection: The Alien Queen lives!

jdanton

Which, of course, means you'd have to fill out applications stating your dependents, your income, etc........

So, what's the point of abolishing the IRS to replace it with something else.

I actually like the idea of flat rate tax (income) starting at some specified level, and payroll taxes kicking in at some other specified level, as a concept.

You would, of course, be giving up child deductions, and you'd have to find a way to coordinate multiple incomes from multiple jobs.

The devil is always in the details.

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Author: Memoirs of a Sleepless Mind, a book you CAN judge by its cover.

cheapseats

I have never heard or read an ultimately persuasive argument against a Flat Tax.

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CosmicRocker

It's not a progressive tax, like income tax is (supposedly anyway).

Poor and lower economic class have to pay a higher percentage of their income out to live.
Since they have to spend most/all of their paychecks

The rich can get away without capitol tax gains - they are already only 15% compared to the top rate of 33% - why should they get a free ride on unearned income?

Also -there would be no more home mortgage deduction

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Traveling Wilburys (l to r)

Bob Dylan, Jeff Lynne, Tom Petty, George Harrison, Roy Orbison