In response to:
Wouldn't a tax on consumption really help reduce taxes on high income people? Poor people would pay really high taxes because they consume much more as a percentage of income than rich do. Rich and other high income people spend lots on labor which can be looked at as other than consumption although it really may be consumption. I don't see this working. People so inclined avoid taxes if they can. Very few people pay close to what they actually owe because they do not know what they actually owe. A few don't care what they actually owe.
Georgia Boy wrote: Actually, President Obama has not raised taxes on anybody, but I think he will raise taxes on the wealthiest (back to historic levels) when he gets his second term. That said, Ransom is just another Rat-wing speculation, pretty much full of bovine manure. -France’s “No Limit” Tax Perfect for Zero
Dear Comrade Boy Georgia,
You’re right about Obama wanting to bring taxes to historic levels, although like most liberals you don’t understand what you are saying. Still, rest assured, if you did understand what you said about taxes at historic levels, you’d be for that too.
And...
Once again, I see the fallacy in your thinking- poor people spend a higher percentage of income than rich people do.
Well, yeah, they do.
But the prebate section of the Fair Tax means that NO ONE pay the Fair Tax on their spending up to the poverty level.
A family of four, earning (and spending) $29,000 per year will have an effective tax rate of zero.
No how is that that "fair"?
I will not be made to play the victim. That would imply that my troubles are caused by someone else.
And the only person I can blame is myself.