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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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Steve Keller



Joined: 13 May 2008 10:22 am
Posts: 17
Posted: 19 May 2008 07:06 pm
Post Subject: Re: Here's why, Steve...Re: TAX MYOPIA - Re: FairTax good for real estate Read Article
Karen,

I’m sorry 50% of what you say doesn’t make any cense and the other 50% is totally wrong. You ask for someone to tell you the advantages of the FairTax. If you have read HR25 you shouldn’t require anyone to tell you the advantages. If you have read the bill and you still don’t know the advantages, me explaining them would be like explaining nuclear fusion to a first grader.

You ask who has discredited Bruce Bartlett. The answer is simple; millions of Americans who really understand the FairTax. I always thought of Bruce Bartlett as a very knowledgeable economist until I read his take on the FairTax. It was very obvious his comments came without much study.

You say at every level, people will pay more under the FairTax. The bill is designed to be revenue neutral so where dose this reasoning come from. Any family who earns poverty level income will pay no tax. Under our current system, anyone earning the poverty level still has 7.65 deducted from their paychecks for S.S. and Medicare. One thing for sure all illegal immigrants, drug dealers, and tourists will be paying more.

You say to calculate your "prebate," or monthly check from Uncle Sam under your sales tax, you need the kind of deduction information you have to gather now under the current system. What are you talking about? All you need to know is the total number of legal S.S. card holders in your household. What deductions do you need to gather?

 
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