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Flat Tax or Fair Tax?

Richard_B Wrote: Jan 31, 2013 10:55 AM
You need to understand the Fair Tax before you make claims. Go to www.fairtax.org and search for the word "prebate". Due to the "prebate" the poor would NOT pay the sales tax out of their own pocket. Another advantage of the Fair Tax is that the poor would not have payroll taxes to pay. SS and Medicare would not be withheld from anyone but it is the poor who would be the most benefited. Since the employer would also be relieved of the SS tax, the savings could be passed on to the worker. The whole idea that the employer contribution is some sort of gift is bs. The worker had to earn that money just as they had to earn enough gross profit for their employer to cover all expenses. Even a worker for a non-profit company must earn their keep.
Ned6 Wrote: Jan 31, 2013 4:10 PM
Totally agree. Some form of "prebate" is the best way to make the FairTax, Flat Tax, or VAT progressive. It also avoids potential manipulation by politicians to favor particular behaviors, often influenced by special-interest lobbying.

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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