Fair tax

[jbs1125]

I often feel that in political debates one or more sides don't get there facts straight. Being republican I often think those who lean to the left never look at the big picture or the consequences of there actions. So now on to the fair tax. It seams like this should be easily agreed upon between the parties because it is fair to the rich and middle classes. For those who have their facts really wrong the fair tax would remove income tax and make a national sales tax (this works very well in Florida). So what are your opinions on the fair tax and do you think it would work and why

[Sage]

I often feel that in political debates one or more sides don't get there facts straight. Being republican I often think those who lean to the left never look at the big picture or the consequences of there actions.

What does this honestly add to the discussion, OP? ugh godderm liburls don't know shit

[CaptainObvious]

I often feel that in political debates one or more sides don't get there facts straight. Being republican I often think those who lean to the left never look at the big picture or the consequences of there actions. So now on to the fair tax. It seams like this should be easily agreed upon between the parties because it is fair to the rich and middle classes. For those who have their facts really wrong the fair tax would remove income tax and make a national sales tax (this works very well in Florida). So what are your opinions on the fair tax and do you think it would work and why

i oppose it. you ought to pay more of your income in taxes, as a percentage, as you get richer. the marginal dollar a rich person makes is spent on luxury goods; the marginal dollar a poor person makes is spent on necessaryh expenses. (that's obviously a generalization, but a fairly good one.)

it's not fair to raise the tax rate on middle class people struggling to make ends meet as is, and lower the tax rate on rich people who have plenty of money already, merely to get some equality of numbers and a "fair" tax.

fairness is relative to the utility cost of taxes, not the monetary cost. rich people lose very little when you take away another dollar in taxes; poor and middle class people lose more. thus, the marginal dollar in taxes ought to come from the rich, not the poor, and the fair tax is absolutely unfair.

[Genghis Khan]

I'm for progressive taxation. Simply because there's no good justification for progressively lowering the tax as one starts to earn more. You cannot sacrifice equity and fair distribution of income and wealth in an economy just to motivate people to work harder. It's asinine. Plus, I don't believe that that is a credible way to motivate people either.

Being republican I often think those who lean to the left never look at the big picture or the consequences of there actions.

Care to elaborate?

[jbs1125]

Care to elaborate?
Sure, you see when say a small business owner gets his income tax raised to far higher the percentage than one of lesser income it could cause him to change his lifestyle he deserves to live for working hard to change, this is certainly not fair because a successful business owner shouldn't struggle with haveing low income after taxation. Also when I say that fair tax works good in Florida, Florida has no income tax and a 7% sales tax and this works good for the rich and the middle class. Some of the richest people on the planet live in Florida(some ran from unreasonable income tax ex: Rush Limbuagh) and the working poor.

[Genghis Khan]

Sure, you see when say a small business owner gets his income tax raised to far higher the percentage than one of lesser income it could cause him to change his lifestyle he deserves to live for working hard to change, this is certainly not fair because a successful business owner shouldn't struggle with haveing low income after taxation.

Regardless I think they'd be living a better lifestyle than the person with relatively less income. Don't you think that if the bigger businesses were taxed less so than the smaller ones it would be extremely difficult for new business to break into the market? Hence the problem of competition between firms? Which is after all, a main factor in any economy?

[CaptainObvious]

Sure, you see when say a small business owner gets his income tax raised to far higher the percentage than one of lesser income it could cause him to change his lifestyle he deserves to live for working hard to change, this is certainly not fair because a successful business owner shouldn't struggle with haveing low income after taxation. Also when I say that fair tax works good in Florida, Florida has no income tax and a 7% sales tax and this works good for the rich and the middle class. Some of the richest people on the planet live in Florida(some ran from unreasonable income tax ex: Rush Limbuagh) and the working poor.

feel like responding to my counterargument? i presume not, because your point here seems barely coherent.

a dollar taken from a poor person hurts them more than a dollar taken from a rich person. therefore, if we need more dollars, we ought to get a larger proportion of them from rich people. thus, progressive taxation. any rebuttal to that?

[Sporadica]

I'm a Canadian and our tax system has I believe 4 brackets

SOURCE: Canada Revenue Agency website

15% on the first $41,544 of taxable income, +
22% on the next $41,544 of taxable income (on the portion of taxable income between $41,544 and $83,088), +
26% on the next $45,712 of taxable income (on the portion of taxable income between $83,088 and $128,800), +
29% of taxable income over $128,800.

That in addition to provincial income tax (for me it's 10% of federal income)


Not sure on american tax Brackets but I personally feel my system is fine, weather you make $150k or 1.5billion you pay the same. I mean we obviously have most of our bills paid, we have not had to raise taxes ridiculously to pay off our debt and we still have good health care and decent education

So for me a fair tax is dumb because agreeing with previous posts the rich spend money on luxury goods where as middle to poor class people pay for necessities, which would make those things cost more for them. plus if you're poor anyway you most likely won't be taxed on income in the first place or you'll get a nice check in April depending on circumstances. If you want to tax the rich more just add more tax brackets or alter them.

[Rawwwrr]

As you earn more, you pay more. That's how it should work.