[ale] OT fairtax isn't

[Jeff Lightner]

Right my point again "fair" is subjective.  

If it doesn't treat everyone the "same" then it's not "fair" in my mind.
Of course "same" is subjective.  Same percentage?  Same dollar amount?
Exempting poor people (or worse yet "prebating" makes it unfair).  The
"taking care of the poor" effort should be an entirely separate program
rather than part of the tax code.  It is all the "credits",
"exemptions", "deductions" etc... that give us the unwieldy mess we have
today.  Once you open the door for this you have a hard time keeping out
others.

The person that mentioned how tax tables work needs to dig further into
it.  You DO pay a higher percentage in the higher brackets (assuming you
haven't gone into all the tax dodges available to avoid it.) 
Have a look at this: http://www.moneychimp.com/features/tax_brackets.htm

By the way the 33% was all taxes (SS/Medicare/State/Federal) and is just
a rough guide I use for figuring out take home pay.   Now I'll wait for
someone to point out that SSN and Medicare "aren't really taxes".  :-)

Have a nice weekend all.
-----Original Message-----
From: ale-bounces at ale.org [mailto:ale-bounces at ale.org] On Behalf Of Matt
To: ale at ale.org
Kubilus
Sent: Friday, March 16, 2007 4:33 PM
To: Atlanta Linux Enthusiasts
Subject: Re: [ale] OT fairtax isn't

I won't go into how bad of an idea the prebate is, but it goes to show
that the people proposing this don't understand the lower class.  A
better solution would be no-tax on food, %22 on goods, with no max tax
cap.  Currently items are taxed for the first $7000 only.  So someone
buying that used toyota pays as much sales tax as someone buying a
yaht.  Keep an eye on who makes the rules and which classes have the
power to make the rules.

-Matt

On 3/16/07, Greg Freemyer <greg.freemyer at gmail.com> wrote:
> On 3/16/07, Matt Kubilus <mattkubilus at gmail.com> wrote:
> > On 3/16/07, Jeff Lightner <jlightner at water.com> wrote:
> > > Well we'll have to agree to disagree.
> > >
> > > Confusing because of "prebates".   I don't see the need.  If you
only
> > > make $1000 a year you pay significantly less than someone making
> > > $1,000,000.
> > >
> >
> > But the tax for the person making $1000 is going to reduce the
ability
> > of the destitute to buy bread, whereas tax on the person making
> > $1,000,000 reduces their ability to buy a 17th BMW.  It's a question
> > of what is just in a society.  Do citizens have a basic right to the
> > necessities of life in the wealthiest nation in the world, or do
> > citizens have the right to sit on 'their' pile of cash and watch the
> > nations infrastructure crumble around them.
> >
> > What has anyone figured that this sales tax economy will cost per
> > dollar.  Tennessee (no state income tax) has a %9.75 tax on all
goods,
> > food or BMW.  Georgia income tax is about a fourth of the state
income
> > tax, so round about %50 on all goods.  That's going to be some
> > expensive milk and cheese, let me tell you.
>
> IIRC, it is about 22% for the Feds, but with low-income people getting
> a prebate equal to 22% of their income, so they effectively continue
> to not pay taxes.
>
> Greg
> --
> Greg Freemyer
> The Norcross Group
> Forensics for the 21st Century
> _______________________________________________
> Ale mailing list
> Ale at ale.org
> http://www.ale.org/mailman/listinfo/ale
>


-- 
Don't be a pioneeer.  A pioneer is the guy with the arrow through his
chest.  -- John J. Rakos
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