AF U.S Presidential Poll!

[G-man422]

Who are you voting for and why?

I want Ron Paul. He's bringing back the power of the constitution, eliminating income tax, implimenting a Fairtax, leaving issues like abortion and death penalty up to the states, taking us out of the war, and restoring Liberty to the US! Not to mention he has experience. BE-YAW!

[G-man422]

Read up on Fairtax. He wants to implement it. It means we only pay 23% on goods and services. We don't get taxed on income. You realize that this mean more spending, and less taxing. More money in our pocket, and less in the Fed's. They get plenty of it as it is.

[drunken monkey]

wow, what an over simplistic and mildly wrong description of what fairtax means.

[J-Ri]

Please explain how that is mildly wrong.

Also, that's a great idea. That almost entirely relieves people with lower income of taxes. Food isn't taxed, water/electricity/natural gas isn't taxed, rent/mortgage payments aren't taxed. A $60,000 luxury car is taxed, a $10,000 diamond necklace is taxed. Not to mention eliminating all the useless people at the IRS (whadda'ya bet I get audited next year for saying that?).

[G-man422]

Originally Posted by drunken monkey

wow, what an over simplistic and mildly wrong description of what fairtax means.

I tried to dumb it down a bit. If you'd like to add/ correct what I said, please do. Maybe I am ill informed. I gathered my info from the Fairtax webpage.

[BNaylor]

Originally Posted by G-man422

Maybe I am ill informed. I gathered my info from the Fairtax webpage.

Posting it might help. See link below.

Click here

So you would agree to pay $4600 taxes or more since it may vary on a car that costs for example $20K?

Someone would get screwed and it won't be the rich or the greedy corporations.

[blazee]

Not sure how I feel about it, I'll have to take some time and do the figures myself. I used the calculator on the fair tax site and it said I would end up paying less in tax. I then tired several other incomes and variables and it always said that the fair tax had a lower rate, so I'm calling bullshit on their calculator until I actually run the numbers. I do know it will be bad for all the money I've got in Share Certificates, Savings, and Money Market accounts because it has already been taxed once, and now I'll have to pay taxes again when it comes time to spend it.

[Damien]

It's not so much about what it is they say they're going to do as it is what they say they're going to do. Seriously, like this would end up happening. Well heck, for that matter I want Clinton. She said for every newborn the family would get $5000 I think. Maybe it was more. I can't recall, but $5000 would be sweet!



Also, wasn't Ron Paul the idiot that said he wanted to make a United America? I can see Mexico and Canada beaming with excitement. Why become apart of something when things now work fine and you can use it almost whenever you want.

[sickcallawayc12]

I'm still sticking with Edwards and I don't really remember why anymore. Its very hard for me to sit there and listen to what a politician says nowadays.........................................

[blindeyed]

My avatar says it all..

Ron Paul FTW

[drunken monkey]

by mildy wrong I meant that it has more implications than simply more money in your pockets. Also, it's closer to spend less = less tax which is the bit that I'm most unsure on.

In fact, I'm not sure if fairtax is about giving you more money. As far as I can tell, the main purpose is to make the whole taxing system more transparent and efficient and thus saving money in clerical/admin work etc. What it doesn't seem to take into account is that a lot of the assumptions are based on current prices based on the current tax system and as such the numbers they give are going to be misleading.

[Oz]

Keep voting Republican because you're scared shitless about the current state and future of the US economy.

Here's an insight to the wise - the current Republican administration is largely responsible for the current US economy crisis.

If I could, my vote would go to Obama.

[G-man422]

Originally Posted by Oz

Keep voting Republican because you're scared shitless about the current state and future of the US economy.

Here's an insight to the wise - the current Republican administration is largely responsible for the current US economy crisis.

If I could, my vote would go to Obama.

Just a little input, Clinton (a democrat) is the one who outsourced all of our companies to China, in the long run hurting us. And because there is a republican in office right now, he's getting the blame.

Also, about the fairtax, @ drunken monkey: The fairtax will make the tax system simpler as you said yes. It will eliminate the IRS. I did some calculations and will all local federal and state taxes taken into consideration, a fair tax would help everyone, unless in some cases you are in the $0-$5,000 a year range, then its about even.

Keep in mind, we get taxed when we make our money, AND when we spend it with the current tax system.

[drunken monkey]

It is naive to think that it will remove the IRS.
Who's going to collect the tax?
Who's going to manage the system?
Who's going to do the random spot checks?

Also, don't forget that the current salary rates are in part determined by the current tax system.
Those who earn $50,000 know what they are getting in their pocket in accordance with the tax system. If the tax system changes, it isn't guaranteed that the salary rates aren't going to change accordingly.

Just out of interest, why do you say the mass outsourcing is the cause of your countries economic problems?

[G-man422]

Why would you need the IRS if taxes were collected by the states? The IRS is for federal tax collecting. The states would manage the taxes more so than the feds. So the IRS would be gone, but smaller, more sufficient establishments will be put in place by the states.