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Flat Tax or Fair Tax?

helioquois Wrote: Jan 31, 2013 2:42 AM
My preference is for a tax on sales and not income. With the tax on sales, I control how much that I pay based on my own frugality. And if I am economical with my pay, I can actually put more into savings and investments. The ability to create wealth, and hence jobs, comes to us faster when we are NOT taxed on our productivity, as measured by our income. I would also advocate for the elimination of corporate taxes which are never paid for by the corporation...there are merely the mechanism for collection of taxes by the government that are passed onto and paid by customers in the form of higher cost. A sales tax is also beneficial because everyone pays...there is no dead weight in the system.
FedUp2012 Wrote: Jan 31, 2013 7:20 AM
Another advantage of the sales tax is that we could capture taxes on purchases by people who make their money illegally and don't currently pay income taxes but certainly spend their money.
blueridgegranny Wrote: Jan 31, 2013 7:08 AM
And if I decide to buy used instead of sales tax!
blueridgegranny Wrote: Jan 31, 2013 7:08 AM
And if I decide to buy used instead of sales tax!
george293 Wrote: Jan 31, 2013 10:05 AM
That is one of the very nice features of the fair tax - it rewards frugality. Basically only the rich will pay the loin's share of the taxes, the way it should be.

I’m at Hillsdale College in Michigan for a conference on taxation. The event is called “The Federal Income Tax: A Centenary Consideration,” though I would have called it something like “100 Years of Misery from the IRS.”

I’m glad to be here, both because Hillsdale proudly refuses to take government money (which would mean being ensnared by government rules) and also because I’ve heard superb speeches by scholars such as Amity Shlaes (author of The Forgotten Man, as well as a

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