We can be rid of the IRS

[The_Antibubba]

No more IRS? Yeah, right

Apparently you have no idea what it takes to dismiss a Federal employee-a unionized Federal employee at that.

They will still be there-they'll just be absorbed into other bureaucracies. there will be no savings on workers.

 

[thorn726]

You guys keep dodging the question of where government will get its money.

yeah good luck on that one. you've asked how many times now?

math is a mystery.

Products made in the U.S. would be able to compete price wise with anywhere in the world, factories would be opening up all over instead of closing. Wages would go up and we would spend more thus more taxes. Wouldn't it be good to here about companies moving to the U.S. to avoid paying taxes instead of moving away or how about factories open instead of closing.

2 cents per hour vs $16 per hour plus benefits.

 

[mons meg]

STOP...now READ

I'm crawling out of my hole just long enough to point everyone here:

http://www.cato.org/fiscal/tax-policy.html

Now I want everyone participating in this thread who hasn't already done so to go read a few actual studies that use actual, you know...numbers and stuff.
Then, once we have data, we can come back here and scream,

1) OMG YOU'RE GONNA BLEED THE POOR,
or maybe
2) WOOHOO WE CAN STARVE THE BEAST JUST LIKE UNCLE RONNIE SAID

Just as long as you can support one of these two views with, like, graphs and stuff.

 

[ozarkhillbilly]

2 cents per hour vs $16 per hour plus benefits.

First of all most companies who have left the U.S. do so for places like China, India and Mexico and I believe you will find the pay alittle higher then 2 cents granted not anywhere like the U.S. but still higher. Now take into account what these same companies pay in taxes to those socialist governments and the fact that while we might find it hard to believe Americans are among the hardest working people on the face of the earth. Thats why Toyota, Honda and many other Japanies and European companies have factories here, now add to that, that we are one of the safest and most stable countries in the world. If you would cut the cost of doing business here by 20%, which is what our current tax system adds to the cost on average, you would find that we would be very competative on all but the most low tech, clothing ect.., factory jobs. However just as important as factory jobs are the office jobs that would show up as company headquarters moved here to avoid paying corporate taxes.

 

[antarti]

I am feeling like a curmudgeon this a.m. (like most others) so temper my remarks with that.

I believe it (so-called Fair Tax) will pass in some form, but not because it's a step forward for us.

It will pass because despite all the price inflation that we've been through, and corresponding dollar drop, it isn't enough to bail our collective (now there's a pun) butts out from the debt mess the country is in. There is going to have to be an FDR style massive and enforced inflation...

That's where this Fair Tax comes in. How else can you devalue the dollar so quickly and have everybody clamor for it? Just cause a 20+% wage inflation. End of Story.

Yeah, sure prices will drop... RIGHT... when you need 20+% more dollars to buy raw materials and fuel to deliver goods? Give me a break.

Besides, any real "fair" version of a sales tax would be about 2% (locked forever), assessed on everything retail, with no exceptions (even food and water taxed), and collected by States (like their own sales taxes) and forwarded to fedgov. This would be in concert with a gold/metals/some-commodity fixing of the dollar, to stop the Fed tyranny over money supply. The people would have nothing to do with fedgov in the way of collecting or ever being investigated.

Ever see how big the national gross receipts number is? Tell me again why a 20% tax is needed. Oh, because it has exemptions, hoops, and other malarkey, and is just a clean canvas for the IRS v2.0 and politicians to start painting on again.