New automobiles & other big ticket items are bought by the wealthier people, especially when the prices are actually lower (including the Fair tax assessment); because most people who can afford it, want quality, including the warranties offered by new items. The general population actually gets wealthier by virtue of keeping their full paycheck, getting the prebates, etc...and the higher rate of employment & higher demand for goods; each resultant from the new system. The prebates are determined by the poverty level, adjusted every year, accordingly. I used the figure $220, which is actually quite low, even in 2013; I offered that as a starting point to illustrate the benefit (the $75 is also much lower than the actual amount due for the dependents.) The people who buy less, have that choice...maybe they choose to save or invest...that still goes to boost the economy. Those that buy used, are buying products already taxed when they were bought new. Also, new cars offer new features making them attractive to their clientele. Look at the big picture, don't go by the few exceptions! It's your money! (...and your freedom).
There is no exact model of where FairTax has been tried. I gave you the best approximations available...Brazil & Texas. Both have been very successful. If we implement FairTax we will by mandate, repeal the 16th Amendment (which did not come into place until 1913), thus eliminating the IRS, an abusive, corrupt, bloated bureaucracy (which presumes guilt; & is a form of debtors' prison...both anti-Constitutional). You need to attend meetings, read the books & visit the Websites to get the full story & impact. Bottom line: You will discover that people will keep their entire paychecks (all Fed deductions vanish), putting more $ in the economy; 2) All the hidden taxes which we currently pay in the market place, also vanish, making the basis for the FairTax much lower (you save $40.60 per $1000.00 spent, even after the tax is imposed.) 3) There is a 'prebate' amounting to over $220/mo per head/household; PLUS additional (same) amount to spouse in that home; PLUS additional $75(+)mo per dependent child in that home. The tax is imposed on new items only (used goods are exempt)...that includes big-ticket items like houses, cars, major appliances, etc. All the saved money goes into the economy, making it favorable to start-up business, expanding business, & foreign business operating here. I personally don't see a problem with any of that...and we do need to reform the tax code, NOW. (Hey, its your money...and freedom)!
edgar a martin
New automobiles & other big ticket items are bought by the wealthier people, especially when the prices are actually lower (including the Fair tax assessment); because most people who can afford it, want quality, including the warranties offered by new items. The general population actually gets wealthier by virtue of keeping their full paycheck, getting the prebates, etc...and the higher rate of employment & higher demand for goods; each resultant from the new system. The prebates are determined by the poverty level, adjusted every year, accordingly. I used the figure $220, which is actually quite low, even in 2013; I offered that as a starting point to illustrate the benefit (the $75 is also much lower than the actual amount due for the dependents.) The people who buy less, have that choice...maybe they choose to save or invest...that still goes to boost the economy. Those that buy used, are buying products already taxed when they were bought new. Also, new cars offer new features making them attractive to their clientele. Look at the big picture, don't go by the few exceptions! It's your money! (...and your freedom).
Aug 12, 2013
edgar a martin
There is no exact model of where FairTax has been tried. I gave you the best approximations available...Brazil & Texas. Both have been very successful. If we implement FairTax we will by mandate, repeal the 16th Amendment (which did not come into place until 1913), thus eliminating the IRS, an abusive, corrupt, bloated bureaucracy (which presumes guilt; & is a form of debtors' prison...both anti-Constitutional). You need to attend meetings, read the books & visit the Websites to get the full story & impact. Bottom line: You will discover that people will keep their entire paychecks (all Fed deductions vanish), putting more $ in the economy; 2) All the hidden taxes which we currently pay in the market place, also vanish, making the basis for the FairTax much lower (you save $40.60 per $1000.00 spent, even after the tax is imposed.) 3) There is a 'prebate' amounting to over $220/mo per head/household; PLUS additional (same) amount to spouse in that home; PLUS additional $75(+)mo per dependent child in that home. The tax is imposed on new items only (used goods are exempt)...that includes big-ticket items like houses, cars, major appliances, etc. All the saved money goes into the economy, making it favorable to start-up business, expanding business, & foreign business operating here. I personally don't see a problem with any of that...and we do need to reform the tax code, NOW. (Hey, its your money...and freedom)!
Aug 24, 2013