B. Its Fair because for example if you are rich and you buy a $20,000 rolex watch you pay more in taxes but the same percentage as someone buying a $95.00 fossil watch so it is fair for the rich and the poor that may one day become rich.
C. The FAIRTAX is Fair for the poor and middle class because of the rebate check. Under the FAIRTAX there is no taxes on necessity items (food, clothing, water etc), but it is not a necessity to have a party and to buy lots of food or to go on a shopping spree and buy lots of cloths. That is the purpose of the FAIRTAX rebate checks, and the size of the rebate check depends on the size of your household. For example base on 2004 estimates: Single person Annual Consumption Allowance(ACA) is $9,310 and will receive a rebate of $2,254 per year / a Couple ACA is $12,490 and will receive a rebate of $4,508 per year/ Couple with one child ACA is $16,090 and will receive a rebate of $5,290 per year/ Couple with two children ACA is $19,350 will receive a rebate of $6,072 per year. The FAIRTAX will untaxed the poor and allow the poor and middle class to make money without being penalize for making to much money. The current tax system penalize your ability to make money when you work overtime, receiving a bonus, move up from one tax bracket to another, working two jobs etc.
D. The FAIRTAX will give all Americans the ability to pay down debt faster. With the FAIRTAX you will keep your full paycheck and you only pay taxes only when you buy something. HAVING YOUR FULL PAYCHECK WILL ALLOW YOU TO PAY OFF DEBT FASTER!
E. The current tax system tax you base on your income and quadrant (if you are an employee, small business owner, investor, corporation). The employee and small business owner get hit the hardest in taxes, and it puts are government in a powerful position that chooses the winners and losers of the tax system. That is one main reason why there are 34,000 lobbyist that lobby 535 congressmen in Washington. Are Elected officials are acting like kings that receives gifts from lobbyist in exchange of relief in the tax system for their corporation, and OUR ELECTED OFFICIALS EXPOSED TO BE REPRESENTING THE AMERICAN PEOPLE NOT THE LOBBIST IN WASHINGTON. The FAIRTAX will eliminate the confusion that our elected officials have on who they should be representing
F. The FAIRTAX will remove all the tax loop holes that millionaires and billionaires enjoy because they are able to pay for the best tax lawyers, the best tax accountant and the best lobbyist that remove their tax burdens every year. The current tax system taxes based on income produce not wealth assets. I am a Capitalist but it is not capitalism when the government can choose who the winners and losers are going to be and it is not capitalism when the current tax system taxes one group of people better than another. For one example Bill Gates is worth over $47billion if he does not produce an income this year in the eyes of the current tax system Bill Gates is just as poor as the homeless living under a bridge! The FAIRTAX will remove this nonsense. If the FAIRTAX was implemented than Bill Gates will be taxed based on what he buys no more loop holes.
Closed AccountSep 2, 2008Submitter
B. Its Fair because for example if you are rich and you buy a $20,000 rolex watch you pay more in taxes but the same percentage as someone buying a $95.00 fossil watch so it is fair for the rich and the poor that may one day become rich.
Closed AccountSep 2, 2008Submitter
C. The FAIRTAX is Fair for the poor and middle class because of the rebate check. Under the FAIRTAX there is no taxes on necessity items (food, clothing, water etc), but it is not a necessity to have a party and to buy lots of food or to go on a shopping spree and buy lots of cloths. That is the purpose of the FAIRTAX rebate checks, and the size of the rebate check depends on the size of your household. For example base on 2004 estimates: Single person Annual Consumption Allowance(ACA) is $9,310 and will receive a rebate of $2,254 per year / a Couple ACA is $12,490 and will receive a rebate of $4,508 per year/ Couple with one child ACA is $16,090 and will receive a rebate of $5,290 per year/ Couple with two children ACA is $19,350 will receive a rebate of $6,072 per year. The FAIRTAX will untaxed the poor and allow the poor and middle class to make money without being penalize for making to much money. The current tax system penalize your ability to make money when you work overtime, receiving a bonus, move up from one tax bracket to another, working two jobs etc.
Closed AccountSep 2, 2008Submitter
D. The FAIRTAX will give all Americans the ability to pay down debt faster. With the FAIRTAX you will keep your full paycheck and you only pay taxes only when you buy something. HAVING YOUR FULL PAYCHECK WILL ALLOW YOU TO PAY OFF DEBT FASTER!
Closed AccountSep 2, 2008Submitter
E. The current tax system tax you base on your income and quadrant (if you are an employee, small business owner, investor, corporation). The employee and small business owner get hit the hardest in taxes, and it puts are government in a powerful position that chooses the winners and losers of the tax system. That is one main reason why there are 34,000 lobbyist that lobby 535 congressmen in Washington. Are Elected officials are acting like kings that receives gifts from lobbyist in exchange of relief in the tax system for their corporation, and OUR ELECTED OFFICIALS EXPOSED TO BE REPRESENTING THE AMERICAN PEOPLE NOT THE LOBBIST IN WASHINGTON. The FAIRTAX will eliminate the confusion that our elected officials have on who they should be representing
Closed AccountSep 2, 2008Submitter
F. The FAIRTAX will remove all the tax loop holes that millionaires and billionaires enjoy because they are able to pay for the best tax lawyers, the best tax accountant and the best lobbyist that remove their tax burdens every year. The current tax system taxes based on income produce not wealth assets. I am a Capitalist but it is not capitalism when the government can choose who the winners and losers are going to be and it is not capitalism when the current tax system taxes one group of people better than another. For one example Bill Gates is worth over $47billion if he does not produce an income this year in the eyes of the current tax system Bill Gates is just as poor as the homeless living under a bridge! The FAIRTAX will remove this nonsense. If the FAIRTAX was implemented than Bill Gates will be taxed based on what he buys no more loop holes.