New Fair Tax Book

[Aggravated Assault]

No problem,

Cliff notes version: The idea behind the bill is that, as I touched on above, prices would stay the same or settle back to similar levels, making the tax a wash - compared to current priceing. If you are a student with little or no income, you would still spend about the same, but what you earn wouldn't be taxed at all by the fed (no withhold, SS, medicare, etc)...you keep all your money.

[Army]

AO rules state that no threads on politics or religion. However, I prefer to judge the content and intent of the OP before simply making the thread vanish. If the OP thread is wise and non-confrontational, I'll let it slide and play out as long as the responses are civil.

We can all learn from good thread content.

But do not take this post as an open invitational to post all kinds of poop to see what I'll allow

[maxama10]

No problem,

Cliff notes version: The idea behind the bill is that, as I touched on above, prices would stay the same or settle back to similar levels, making the tax a wash - compared to current priceing. If you are a student with little or no income, you would still spend about the same, but what you earn wouldn't be taxed at all by the fed (no withhold, SS, medicare, etc)...you keep all your money.

Cool.

[teufelhunden]

I'm really not very quick to believe that prices will settle -- I'd think they'd probably stay at appx the same level, because the general public is, as a whole, a bunch of morons who would only see that it cost them more at the register, and hence, it must be more expensive. As such, they would buy less. So, prices would stay current to maintain consistent IS numbers.

[Aggravated Assault]

I think thats a valid point. As long as the free market does its work, competition will make the prices fall...but how long will it take? That would be my fear. Taxes leave, price still stays artificially high for say, a year or two for arguments sake...that would be a problem only partially offset by people not having income taxes taken out.