Comments on: Property Games #3 - the Markets http://www.bloggernews.net/19273 High-quality English language analysis and editorial writing on the news. Fri, 04 Jul 2008 15:34:45 +0000 http://wordpress.org/?v=2.3.3 By: David N-V http://www.bloggernews.net/19273#comment-73846 David N-V Mon, 13 Aug 2007 05:40:17 +0000 http://www.bloggernews.net/19273#comment-73846 And that doesn't mention that if all he can afford is a used car, he pays nothing when he earns that and also nothing when he spends it. Or when he pays off past debt--nothing when he earns it, nothing when he pays it. Or used furniture, or a house you bought after someone else has lived in it? No sales tax on used stuff. Period. DavidN@TampaBayFairTax.org And that doesn’t mention that if all he can afford is a used car, he pays nothing when he earns that and also nothing when he spends it. Or when he pays off past debt–nothing when he earns it, nothing when he pays it. Or used furniture, or a house you bought after someone else has lived in it? No sales tax on used stuff. Period.

DavidN@TampaBayFairTax.org

]]> By: David N-V http://www.bloggernews.net/19273#comment-73843 David N-V Mon, 13 Aug 2007 05:37:41 +0000 http://www.bloggernews.net/19273#comment-73843 Where did you get the impression that all FairTax proponents are right wingers? And why would you talk about something you haven't done the first bit of research on? The FairTax is not just a sales tax. It is a comprehensive plan that makes sure no American will pay a dime of taxation until he has worked his way out of poverty. Until he has earned enough to spend more than the poverty level on new goods and/or services, he pays nothing. Beyond that, taxation begins. So someone spending exactly double the poverty level on new goods and/or services will have a tax rate of 11.5% of what he spends. Someone spending exactly four times the poverty rate on new goods and/or services will have a tax rate of 17.25%. If he can afford to spend eight times the poverty rate on new goods and/or services, he will have a tax rate of 20.125%. That sounds pretty progressive to me. DavidN@TampaBayFairTax.org Where did you get the impression that all FairTax proponents are right wingers? And why would you talk about something you haven’t done the first bit of research on?
The FairTax is not just a sales tax. It is a comprehensive plan that makes sure no American will pay a dime of taxation until he has worked his way out of poverty. Until he has earned enough to spend more than the poverty level on new goods and/or services, he pays nothing. Beyond that, taxation begins. So someone spending exactly double the poverty level on new goods and/or services will have a tax rate of 11.5% of what he spends. Someone spending exactly four times the poverty rate on new goods and/or services will have a tax rate of 17.25%. If he can afford to spend eight times the poverty rate on new goods and/or services, he will have a tax rate of 20.125%.
That sounds pretty progressive to me.

DavidN@TampaBayFairTax.org

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