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Re: Here's why, Steve...Re: TAX MYOPIA - Re: FairTax good for real estate
Read May 7: 'Fair Tax' is a Bad Idea New Message »
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Bill Pelland



Joined: 25 Feb 2008 07:34 am
Posts: 390
Posted: 16 May 2008 06:55 am
Post Subject: Re: Here's why, Steve...Re: TAX MYOPIA - Re: FairTax good for real estate Read Article
Walt - I know we double tax corporate dividends but you refer to double and triple taxation and I'm not sure what you are referring to.

Nobody likes taxes and all complain. Various parts of the code are unjust or unfair does point out that some lobbyist somewhere has negatively brought about undesired tax laws.

Still, completely scraping the system to implement another system doesn't seem like the prudent thing to do. The FAIR TAX is not the answer. I have written extensively about this and will not write more arguements now. It's just a bad idea and needs to be studied a lot more before implementation.

Bill Pelland
Murchison, TX

Bill Pelland
Murchison Tx
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Steve Keller



Joined: 13 May 2008 10:22 am
Posts: 17
Posted: 16 May 2008 08:52 pm
Post Subject: Re: Here's why, Steve...Re: TAX MYOPIA - Re: FairTax good for real estate
Bill,

Every time we spend one of our hard earned dollars, which has already been taxed, we are at least double taxed. If we spend it on a service we help pay the taxes of the entity performing that service. That is at least double taxation. Every product we purchase results in at least triple taxation. If we purchase a loaf of bread we help pay the taxes of every company involved in producing and supplying that loaf of bread; (the grocer, the distributor, the farmer the manufacture of farm equipment, the fertilizer companies, the seed companies, the bakery the manufacture of the bakery’s equipment, the power companies, the oil companies, trucking companies) There are probably a hundred or more companies involved in the production of a loaf of bread, and we help pay the taxes for all of them. (The company supplying the wrapper, the company making the twist-ties, the company who prints the wrappers, the company who supplies the ink for the printer.) The list goes on and on. Can you now see why embedded taxes and compliance cost represent at least 22% of the retail price of almost everything we buy?

 
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James Hodges



Joined: 16 May 2008 08:44 pm
Posts: 3
Posted: 17 May 2008 08:58 pm
Post Subject: Re: Here's why, Steve...Re: TAX MYOPIA - Re: FairTax good for real estate
There is no debate. The Fairtax would work for me. I know because I have tracked ever transaction I have made in the last 7 months and the Fairtax beats the current tax system hands down.

 
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