if there were no deductions from your paycheck....

[manu1959]

no state....no federal......no unemloyment......no social security.....

what would you do with all the extra money......

what would the govt do for money?

[retiredman]

buy guns, ammo, canned food....built a wall or a moat around my home and wait for the inevitably enfolding anarchy... pray

[Mr. P]

no state....no federal......no unemloyment......no social security.....

what would you do with all the extra money......

what would the govt do for money?

I would enjoy 100% of the fruit of my labor.
The Government would get their money from THE FAIR TAX when I buy something.

[Yurt]

given many dems are willling to give their 90%, the government would be fine.

i would buy new road bikes, new kayaks, live in a larger pad, invest more money in stocks, land.

mr. p's fair tax is reasonable. i also support certain licensing taxes, such as car taxes every year, cause if i don't want to pay it, i don't have to own a car. the government is too big for its britches and they are only getting bigger. regardless of morals or whatnot on the iraq war, without virtually unlimited money from the citizens the bush administration probably would not have removed saddam.

[manu1959]

I would enjoy 100% of the fruit of my labor.
The Government would get their money from THE FAIR TAX when I buy something.

so it would be a pay as you go thing.....what would thesales tax be....10% 20%...? how much to fed and how mush to state.....

[Mr. P]

so it would be a pay as you go thing.....what would thesales tax be....10% 20%...? how much to fed and how mush to state.....

23% to the fed that replaces all individual and corporate income tax. That's 23% from everyone including those who operate on a cash only basis now.

The revenue would exceed what is collected now, and you would only pay tax on what you spend not WHAT YOU EARN. Investment would surge and corps would scramble to be in the U.S.A.

Fairtax.org for all the info. on the plan. Q&A and all that stuff.

[manu1959]

23% to the fed that replaces all individual and corporate income tax. That's 23% from everyone including those who operate on a cash only basis now.

The revenue would exceed what is collected now, and you would only pay tax on what you spend not WHAT YOU EARN. Investment would surge and corps would scramble to be in the U.S.A.

Fairtax.org for all the info. on the plan. Q&A and all that stuff.

the irs union must be against it.....put a lot of tax accountants and attorneys out of business

[Mr. P]

the irs union must be against it.....put a lot of tax accountants and attorneys out of business

The IRS hates it, CPA's don't like it, heck they all make a living off the current tax code...they'll all get REAL jobs in a BOOMING economy.

[Yurt]

i wouldn't say they are not real jobs, they would just get different jobs, but i do not believe the tax will ever pass, it takes away to much power from the government

[avatar4321]

pay off all my debt and buy a house.

[Mr. P]

i wouldn't say they are not real jobs, they would just get different jobs, but i do not believe the tax will ever pass, it takes away to much power from the government

Okay on real jobs. Yes, they would just have different jobs.

There is much opposition to this tax method and yes it is due to the lose of power (IMO), however, the momentum for it is building to a significant level. I even hear it mentioned on the MSM every so often.

[KitchenKitten99]

I wouldn't have to worry about paying for my college education with a high loan amount, probably only half that. And I wouldn't have to do the daycare thing anymore. The taxes taken from my husband's paycheck alone would cover PT daycare for my own kids so I can go to school.

[crin63]

I would save or invest at least 10% toward retirement.

Keep in mind also that the sales tax is pretty much only on new items from retailers. If you bought used from a private party there would be no tax.

[remie]

[QUOTE=manu1959;298151]no state....no federal......no unemloyment......no social security.....

I would happily be retired

[April15]

I would have the same amount I now do and since I do not buy anything but staples, food fuel, there would be no money going to the government and the infrastructure would be left in ruins and there would be no fire dept or police.