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Fair Tax Explained?
May. 24th, 2006 03:46 pmFair Tax Plan For Dummies
Its a good summary and I like the concept. So now in true ignorant fashion I’m going to ask a bunch of questions that I would love to have answered by supporters of this plan.
1) How do you switch over the United States to this plane quickly and efficiently?
2) what about the industries that ahve been created to take care of the tax system. Is there a replacement industry in the Fair Tax plan? (i.e. Turbo Tax wouldn’t exist would it?)
3) the money for taxes is currently split across many agencies both federal and local. The new plan is only for a federal tax. Do you ignore the other taxes and tax system or does this replace all taxation?
4) Also, if it does replace all taxation, then show me some economical predictions on how much money will be generated and where it will go and how it will support itself. I seem to get the gist that if you eliminate the cost of running a tax system then it will offset the loss of revenue from the loss of multiple taxations. But I want to see an actual spreadsheet analysis of this. Talk is cheap.
p.s. I’m not against this. But I’m tired of folks trying to simplify the explanation so that everyone can understand it when the problem is too complex and important to effectively reduce it to sound bites. I’m a relatively smart person. I can handle the raw economical truth.
Its a good summary and I like the concept. So now in true ignorant fashion I’m going to ask a bunch of questions that I would love to have answered by supporters of this plan.
1) How do you switch over the United States to this plane quickly and efficiently?
2) what about the industries that ahve been created to take care of the tax system. Is there a replacement industry in the Fair Tax plan? (i.e. Turbo Tax wouldn’t exist would it?)
3) the money for taxes is currently split across many agencies both federal and local. The new plan is only for a federal tax. Do you ignore the other taxes and tax system or does this replace all taxation?
4) Also, if it does replace all taxation, then show me some economical predictions on how much money will be generated and where it will go and how it will support itself. I seem to get the gist that if you eliminate the cost of running a tax system then it will offset the loss of revenue from the loss of multiple taxations. But I want to see an actual spreadsheet analysis of this. Talk is cheap.
p.s. I’m not against this. But I’m tired of folks trying to simplify the explanation so that everyone can understand it when the problem is too complex and important to effectively reduce it to sound bites. I’m a relatively smart person. I can handle the raw economical truth.
