Poll: Do you favor the VAT
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Value-added Tax (Yes or No)
#23
thecavemaster Wrote:I did a little digging: three of the four economists I most trust suggest that the fair tax is actually regressive in the long term, actually favoring those at the highest end of the income spectrum (rate from 53 % down to 45.8%). Unless I read something different, I couldn't be for it. It is, utlimately, it appears to me, regressive. I will read some more, but it appears the reviews are mixed, the idea has been in Congress since 1999, is championed by Neil Boortz, and can't get out of committee.
It is really simpiler than it sounds. Just to much info for me to put on here. But CM someone paying 45.8 % of thier income in taxes still seems like enough to me. As far as not getting out of committee, maybe congress is worried about giving up their power the present tax codes gives them. Another thing I like is no one could avoid taxes on unreported income which happens a lot now. Under the fair tax if you buy something you pay tax. (except for the base items) Keep checking it out. THANKS
Messages In This Thread
Value-added Tax (Yes or No) - by BoondockSaint - 05-10-2010, 01:33 PM
Value-added Tax (Yes or No) - by nky - 05-10-2010, 01:46 PM
Value-added Tax (Yes or No) - by BoondockSaint - 05-10-2010, 01:49 PM
Value-added Tax (Yes or No) - by nky - 05-10-2010, 02:16 PM
Value-added Tax (Yes or No) - by BoondockSaint - 05-10-2010, 03:16 PM
Value-added Tax (Yes or No) - by Old School - 05-10-2010, 07:52 PM
Value-added Tax (Yes or No) - by BillyB - 05-10-2010, 08:24 PM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-10-2010, 08:41 PM
Value-added Tax (Yes or No) - by BillyB - 05-11-2010, 09:18 AM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-11-2010, 09:28 AM
Value-added Tax (Yes or No) - by BoondockSaint - 05-11-2010, 10:42 AM
Value-added Tax (Yes or No) - by BillyB - 05-11-2010, 04:15 PM
Value-added Tax (Yes or No) - by BillyB - 05-11-2010, 04:18 PM
Value-added Tax (Yes or No) - by OrangenowBlue - 05-11-2010, 05:47 PM
Value-added Tax (Yes or No) - by notamoocher - 05-11-2010, 06:32 PM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-11-2010, 10:01 PM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-12-2010, 08:03 AM
Value-added Tax (Yes or No) - by thecavemaster - 05-13-2010, 05:03 PM
Value-added Tax (Yes or No) - by notamoocher - 05-13-2010, 05:48 PM
Value-added Tax (Yes or No) - by thecavemaster - 05-14-2010, 12:22 AM
Value-added Tax (Yes or No) - by thecavemaster - 05-14-2010, 12:35 AM
Value-added Tax (Yes or No) - by notamoocher - 05-14-2010, 12:50 PM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-14-2010, 01:46 PM
Value-added Tax (Yes or No) - by thecavemaster - 05-14-2010, 03:49 PM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-14-2010, 05:28 PM
Value-added Tax (Yes or No) - by thecavemaster - 05-19-2010, 02:27 PM
Value-added Tax (Yes or No) - by thecavemaster - 05-19-2010, 02:47 PM
Value-added Tax (Yes or No) - by notamoocher - 05-19-2010, 05:42 PM
Value-added Tax (Yes or No) - by thecavemaster - 05-20-2010, 07:50 AM
Value-added Tax (Yes or No) - by notamoocher - 05-20-2010, 08:05 AM
Value-added Tax (Yes or No) - by thecavemaster - 05-22-2010, 08:27 AM
Value-added Tax (Yes or No) - by TheRealVille - 05-22-2010, 11:28 AM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-22-2010, 04:35 PM
Value-added Tax (Yes or No) - by TheRealVille - 05-22-2010, 05:07 PM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-22-2010, 10:31 PM
Value-added Tax (Yes or No) - by TheRealVille - 05-22-2010, 10:40 PM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-22-2010, 10:51 PM
Value-added Tax (Yes or No) - by thecavemaster - 05-23-2010, 10:48 AM
Value-added Tax (Yes or No) - by Hoot Gibson - 05-24-2010, 12:40 AM
Value-added Tax (Yes or No) - by thecavemaster - 05-24-2010, 03:51 PM

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