Equality?

[DuncanONeil]

For the life of me I can not understand how you can harbor such a basic misunderstanding of what we are talking about. Especially when in the very message you respond to it clearly states the FairTax terminate income tax. Yet your claim of double taxation is based on paying income tax and the FairTax.
In addition to the income tax the FairTax eliminates:

• Social Security Tax
• Corporate Taxes
• All other payroll taxes
  
• estate
• gift
• capital gains
• alternative minimum
• Medicare, and
• self-employment,
  

Again THERE IS NO DOUBLE TAXATION!!!!!!!!!!!!!

For the basis of clarification.

Income tax occurs currently. If I have money I have saved from now, that is post-tax money, and I have paid income tax on it. If fair tax were to be implemented and I go out and spend that money, I am being double taxed on it, no ifs and ands about it.

So while UnfairTax terminates income tax it doesn't do so retroactively and hence doesn't solve this double taxation problem.

Quote:
Originally Posted by DuncanONeil View Post
You did get it wrong!
" Taxing the entirety of an income tax on said money, then turning around and raising the sales tax massively is true double taxation. "
Does not occur! The FairTax terminates income tax. It is not an additional tax!!!

[SadisticNature]

For the life of me I can not understand how you can harbor such a basic misunderstanding of what we are talking about. Especially when in the very message you respond to it clearly states the FairTax terminate income tax. Yet your claim of double taxation is based on paying income tax and the FairTax.
In addition to the income tax the FairTax eliminates:

• Social Security Tax
• Corporate Taxes
• All other payroll taxes
  
• estate
• gift
• capital gains
• alternative minimum
• Medicare, and
• self-employment,
  

Again THERE IS NO DOUBLE TAXATION!!!!!!!!!!!!!


Quote:
Originally Posted by DuncanONeil View Post
You did get it wrong!
" Taxing the entirety of an income tax on said money, then turning around and raising the sales tax massively is true double taxation. "
Does not occur! The FairTax terminates income tax. It is not an additional tax!!!

Income taxes exist now. FairTax doesn't retroactively eliminate previous income taxes.

If I have money in the bank which I have earned and paid income tax on in 2009, and still have that money in the bank that is money that has already been taxed. If we switch to FairTax in 2011 and I spend that money then, I'm now paying 30% sales tax on money I've already paid income taxes on. Despite the fact that because of the switch there is no income tax in 2011.

[DuncanONeil]

Well the reasoning is sound. But that is a poor reason to object to an improvement in the tax system.
I mean the very thing you complain about in reference to the FairTax exists now. Everyday! In spite of what Harry Reid says the FairTax is a true voluntary tax! If Mr Nature did not desire to pay any tax, he need not!

Income taxes exist now. FairTax doesn't retroactively eliminate previous income taxes.

If I have money in the bank which I have earned and paid income tax on in 2009, and still have that money in the bank that is money that has already been taxed. If we switch to FairTax in 2011 and I spend that money then, I'm now paying 30% sales tax on money I've already paid income taxes on. Despite the fact that because of the switch there is no income tax in 2011.