http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html Tax Help for Those Who Need It! Fri, 12 Feb 2010 05:07:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html/comment-page-1/#comment-280 wartz Sun, 31 Jan 2010 20:50:11 +0000 http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html#comment-280 Fare is what you pay for a bus ride. Fare is what you pay for a bus ride.

]]> http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html/comment-page-1/#comment-279 Judy Sun, 31 Jan 2010 19:16:26 +0000 http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html#comment-279 Depends on your definition of "FAIR". That's one of the big problems I have with the "fair tax", it hits the poor harder. Depends on your definition of “FAIR”. That’s one of the big problems I have with the “fair tax”, it hits the poor harder.

]]> http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html/comment-page-1/#comment-278 NAMELESS Sun, 31 Jan 2010 14:21:53 +0000 http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html#comment-278 Simple answer is No, If you're refering to Fairtax... It will screw our economy over in many ways I do not wish to outline, take away an automatic stabilizer from our economy due to the loss of progressive income tax, and encourage illegal and black market transactions since the tax is easily avoidable by not recording sales, thus the underground economy will flourish, government wont make enough revenue, and our economy may very well fall into a deep recession. Simple answer is No, If you’re refering to Fairtax…
It will screw our economy over in many ways I do not wish to outline, take away an automatic stabilizer from our economy due to the loss of progressive income tax, and encourage illegal and black market transactions since the tax is easily avoidable by not recording sales, thus the underground economy will flourish, government wont make enough revenue, and our economy may very well fall into a deep recession.

]]> http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html/comment-page-1/#comment-277 SG Sun, 31 Jan 2010 10:03:17 +0000 http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html#comment-277 Are you talking about Fairtax (a federal sales tax system)? Every family unit would receive a "prebate" every month...in effect this would exempt are certain dollar amount of annual spending from being subject to tax. People below certain income levels will receive more in prebates than they pay in sales taxes. And the FICA taxes would also be eliminated, also. So it is still a progressive tax system (people making more money would pay a higher percentage of tax). And a whole lot of people paying no federal taxes at all (except for those taxes already buried within items that are being purchased). Now, whether this is "fair", or more importantly, whether it would work or not, I have no idea. The following link shows the amount of prebate each family would receive per month:http://www.fairtax.org/site/PageServer?p… Are you talking about Fairtax (a federal sales tax system)?
Every family unit would receive a “prebate” every month…in effect this would exempt are certain dollar amount of annual spending from being subject to tax. People below certain income levels will receive more in prebates than they pay in sales taxes. And the FICA taxes would also be eliminated, also.
So it is still a progressive tax system (people making more money would pay a higher percentage of tax). And a whole lot of people paying no federal taxes at all (except for those taxes already buried within items that are being purchased).
Now, whether this is “fair”, or more importantly, whether it would work or not, I have no idea.
The following link shows the amount of prebate each family would receive per month:http://www.fairtax.org/site/PageServer?p…

]]> http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html/comment-page-1/#comment-276 Kathryn P Sun, 31 Jan 2010 07:25:05 +0000 http://www.taxhelprelief.com/blog/2010/01/31/is-a-sales-tax-as-fare-to-those-who-barely-make-a-living-as-an-income-tax.html#comment-276 Sales tax is sort of a choice... You don't HAVE to buy some of those things that are taxed, and many poor people do not buy them. Rich people buy more things that cost more, so they pay more sales tax than a poor person. Because it is a personal choice to buy a car, a big screen TV or a yacht, then it is not a burden on someone who does not buy the item... Food is not taxed.. but unfortunately shoes, clothes and diapers are... It does cost everyone... but it is how we keep this country running... At least we don't pay TV tax (if we don't have paid television) and we don't have to pay to sit in a park.... Sales tax is sort of a choice… You don’t HAVE to buy some of those things that are taxed, and many poor people do not buy them.
Rich people buy more things that cost more, so they pay more sales tax than a poor person.
Because it is a personal choice to buy a car, a big screen TV or a yacht, then it is not a burden on someone who does not buy the item…
Food is not taxed.. but unfortunately shoes, clothes and diapers are…
It does cost everyone… but it is how we keep this country running… At least we don’t pay TV tax (if we don’t have paid television) and we don’t have to pay to sit in a park….

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