I don't understand your visceral negative reaction to the prebate. It is a method to prevent the howls from the left saying you are overburdening the poor. But the execution of the prebate allows for an even handed approach to the cries you and I know would be there, the poor do not have to pay taxes since they get the tax credited to their debit card before they ever buy one item, and in the process, so does everyone else.
No one would be forced to pay the FairTax, no one's home would be taken by the government if they never spent a dime above the poverty level, no one would be audited if they did their major purchases at garage sales. The government would not force hours upon hours of documentation, forms filled out, statements from banks and employers, just to comply with the regulations. If you have a business, you would be held accountable as you are now with state taxes, but you would loose all the income tax forms, medicare and SSI tax forms, and only be accountable for the money collected under the FairTax.
The average life expectancy in the U.S. (for a male) is 75.6 years, that equals 662,256 hours. 6.1 billion hours are spent every year complying with the federal tax code. Do the math, every year over 9200 "man lives" are spent in this country doing taxes. Time to simplify.
ETA: Karl Marx describes in his Communist Manifesto the ten steps necessary to destroy a free enterprise system and replace it with a system of omnipotent government power necessary to effect a communist socialist state. Those ten steps are known as the Ten Planks of the communist manifesto.
2.- a heavy progressive or graduated income tax.
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Return to “Eliminate Property Taxes?”
- Mon Oct 22, 2012 8:27 pm
- Forum: Gun and/or Self-Defense Related Political Issues
- Topic: Eliminate Property Taxes?
- Replies: 71
- Views: 8951
- Fri Oct 19, 2012 1:38 pm
- Forum: Gun and/or Self-Defense Related Political Issues
- Topic: Eliminate Property Taxes?
- Replies: 71
- Views: 8951
Re: Eliminate Property Taxes?
I agree, ask ten people how much they paid in income taxes, 9 of them will tell you how much they got back (hint: because they overpaid). I can't speak to all homeowners who pay the property tax and insurance through an escrow account, but when I did, I knew exactly how much each cost.Jim Beaux wrote:Taxpayers are hoodwinked by paying taxes through payroll deduction and property taxes via mortgage payments. It's a case of "out of sight, out of mind"
One doesnt appreciate the high tax rate or the inordinate bureaucratic waste until having to write a check like any other household expense; a practice in itself that would regulate term limits.
The IRS found out a long time ago that if people never get the money in the first place, they don't miss it so much. Ta-da, withholding!
- Fri Oct 19, 2012 10:26 am
- Forum: Gun and/or Self-Defense Related Political Issues
- Topic: Eliminate Property Taxes?
- Replies: 71
- Views: 8951
Re: Eliminate Property Taxes?
So you also support sales tax at garage sales?rm9792 wrote:It is not double taxed. Yes the money your parents earned was taxed as income to them when they earned it. However when they die and it goes to you then it becomes income to you as yet untaxed by you. You were not in posession of the money or property till their death so now that you have income you must pay taxes on it. However, that being said I think estate taxes are out of line and should be abolished. If it must be kept then the rate should simply be the same as your regular tax rate.