General Category > Economy/Business
Tax Code More Complex Than Ever
Bigun:
--- Quote from: jmyrlefuller on April 24, 2013, 06:48:50 pm ---Yes, let's implement a tax that will jack up gas to $6 a gallon, milk to $5 a gallon, and is so unworkable that the designers had to implement a handout to make it work.
Look, I'm in favor of streamlining the tax code and making it more equitable as anyone, but the FairTax is not even close to being feasible.
--- End quote ---
The fairtax will do none of the things you mentioned and we have more than $20 million in privately funded research to back that up!
Bigun:
The fairtax eliminates the Corporate Income Tax and thus removes all the costs of dealing with it! That fact alone will reduce the price of anything produced in the U.S. !
Rapunzel:
--- Quote from: Bigun on April 24, 2013, 07:03:32 pm ---The fairtax eliminates the Corporate Income Tax and thus removes all the costs of dealing with it! That fact alone will reduce the price of anything produced in the U.S. !
--- End quote ---
Exactly!.. JMF your post shows how little a lot of people understand about the FairTax.
Oceander:
I took a corporate tax class with the late Prof. James Eustice; once in class he commented on a rather large reading assignment by saying that he remembered that when he did the tax LLM his first assignment was to read the entire Internal Revenue Code, which at the time was not a particularly large book. I have the softcover 2012 version on my shelf and it consists of two huge volumes and covers several thousand pages of thin paper. Then there are the accompanying Treasury Regulations, which consist of 6 volumes, all on thin paper, and again, thousands upon thousands of pages.
xfreeper:
--- Quote ---Yes, let's implement a tax that will jack up gas to $6 a gallon, milk to $5 a gallon, and is so unworkable that the designers had to implement a handout to make it work.
--- End quote ---
Nonsense
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