If you think for a second the lobby driven Congress is ever going for the Fair Tax, you need to get your head examined.

Then we have Rep. Lynn Westmoreland who is not smart enough to read the Fair Tax book. It's like teaching a rock to jump through a hoop.

Vote Republican

Yes, it is! It is an income tax on the (gross) income of the sellers and service providers.

Think of the enforcement implications.

I submitted a list of questions to the Boortz FairTax Seminar to be answered. Can't wait for the responses.

Questions:

If I now make $1000 in every paycheck and take home $800, how much will my paycheck be after the FairTax is implemented?

Will the FairTax apply to gasoline, raising the price another (roughly) $1.00 per gallon?

Will the FairTax be applied as additional taxes to utilities such as electricity, natural gas, telephone and internet services?

Does the FairTax tax rents?

The premise of the FairTax seems to be that embedded taxes account for about 21% of production costs and with the implementation of the 23% FairTax we can do away with the income tax for essentially a (roughly) 2% net tax increase. Since we are currently already paying the embedded tax now, why is it necessary to raise an additional $2.2 trillion dollars with the federal taxes anyway?

The FairTax taxes any interest paid on mortgages and credit card debt above the prime rate. Is it “fair” to tax people’s debt?

What percentage of the population pays 23% or more in income taxes?

The President’s Advisory Panel on Federal Tax Reform and the Treasury Department both calculated that to replace only the income tax would require a sales tax rate of 34% and the Panel said that when figuring the 23% tax rate, the proponents of the FairTax assumed that the government would pay the tax on its purchases thus enlarging the base of taxed goods which allows for a lower overall tax rate. At the same time, when calculating the cost of goods government purchases, the payment of the FairTax was not included. The Panel states that, “Failure to properly account for this effect is the most significant factor contributing to the FairTax proponents’ relatively low revenue-neutral tax rate.” Your comments?

The President’s Advisory Panel on Federal Tax Reform report explains that the FairTax, even without having to raise the money for the “Prebate” would “increase the tax burden on the lower 80% of American families, as ranked by cash income… Such families would pay 34.9% of all federal retail sales taxes, more than double the 15.8% federal income taxes they pay today. The top 20% of American taxpayers would see their tax burden fall… ” Your comments?

The President’s Advisory Panel on Federal Tax Reform calculated that the Prebate would be the largest welfare program in existence and estimated its cost at $600 billion dollars in 2006, equivalent to 23% of the Federal budget. When the revenue-neutral rate was calculated to replace the amount the government collects to fund itself through taxes, was the cost of the Prebate (which will be a new government program) included?

Don't you people have something useful to do?
Those of us who stand to pay more taxes so that those who make more, then can pay less, aren't going to stand for it.

We can spend it into the economy just as well as they can, and the same amount of jobs will be created!

Forgitaboutit!