80% of new IRS revenue will come from small businesses earning under $200K: tax experts

There will be no "effective tax rate" as there is with an INCOME tax system. And a persons entire income will not be subject to a sales tax. First there is the prebate and then not all is spend on retail services and products. So stop posting the fallacious statement that it is a 23% effective tax rate on income. And the prebate sent out Montoya instead of you having to have money withheld every month until you file in April. Send out the first checks the month before the tax starts and there you go.

The government is not CREATING the money by fiat. That is what causes inflation.

I don't need your made up unrealted convoluted scenarios deal with reality.

Far more than you it seems and yes what The Fair Tax says about THEIR tax.

 

I know what they said. But that is not how real sales tax works. If you ever owned a retail store, or a restaurant, or any other business that charges the sales tax to its customers, then you know how it works. You collect and maybe, maybe, you can get a refund after you file if your numbers are off from your bookkeeping.

You have absolutely no idea what you are talking about. All tax systems have a "effective tax rate." It is one way to measure the tax system among different income groups or other groups defined in that country. Most countries, including the US, have a mix bag of different types of tax systems ranging from income, to VAT, to a sales tax. The effective rate, as FAIRtax.org defines it will be 23%. Period. It is on their bloody website. The income tax effective tax rate is also used by the IRS and all tax economists. Sales tax effective rate is the sales tax because there is not credits you can use when you make the purchase at the time the tax is imposed. That effective rate will always be the sales tax rate, no matter what. The effective rate for an income tax, flat or progressive, is the total income tax divided by the total taxable income. How taxable income is defined is a matter of law in each country or state.

FAIRtax is not replacing how the dollar is used Blues. Again, another totally ignorant statement by you.

If the goal of the FairTax.org is "to pay as little tax as possible," what do you think that means in terms of consumption, the basis of the FAIRTax.org tax scheme as they laid out?

You have no idea what you are talking about Blues, especially in this area.

 

For many years I ran my own or others where we we subject to a gross reciepts tax even though the vast majority of our customers, industrial manufacturing, were exempt only a few walk in retail. I have had to meet with out local revenue commissioner of several occasions on disputes over collections so just stop with you appeals to your own asserted higher authority as you usually use as your fall back.

In the manner in which you are trying to compare the effective tax rate on your total incoke with the sales tax they aee not comparble which is my point. You are trying to compare an effective tax rate on your total income with a point of sales tax. IOW if my effective tax rate is 10% under the income tax system I pay $5000 on $50,000 in income then I will pay $11,500 under The Fair Tax point of sale 23%. That is folly. AND you seem tonignore that all your income taxnand FICA WOULD GO AWAY the sales tax.would not be on top of those. You get the money first. A sales tax is more an excise tax than an income tax. Your trying to do this is like trying to calculate someone's effect gas tax based on their income. And again you ignore the prebate which will reimburse those at the lower ends making their "effective tax" zero if you insist.

Didn't say it was. It's also not printing and handing out free money which causes inflation.

That's not the "goal". The goal is to simplify and make more efficient and less intrusive. That lowers cost of everything.

And blah blah blah again.........

 

Certainly there is an issue with large corporations escaping tax obligations. Unfortunately, this situation is supported by majorities in both political parties. That would be why small businesses would be more impacted than large ones, of course, so rather than attack the idea of giving the IRS the funding it needs to enforce tax laws, how about Americans come together to change the tax laws so that the wealthiest individuals and businesses pay their fair share for a change?

 

what exactly is their "fair share" ?

I constantly hear this term tossed out by both Democrat politicians and Democrat voters but never any specifics

Do you think no taxes are collected at all as a result of a business being in operation?