lincoln
Joined: 02/05/2008
Posts: 44

Recent Comments by lincoln
Debating the "Fair Tax"
02/20/2008 06:51:29 AM
nah
I got side tracked around 180 something. I'll probably finish up by the end of the week. Has anything jumped out at you yet?
Debating the "Fair Tax"
02/17/2008 04:49:52 PM
i'm around page 150. it gets kind of deep in this part of the book. they have put up a few charts. I still have an issue with the authors citing certain studies or resources, but not giving specifics...just a lot of generalization.
The Watercooler
02/17/2008 10:29:57 AM
gooo Dale Jr.
Debating the "Fair Tax"
02/16/2008 08:17:06 PM
hoosier!
I met congressman Phil Gringrey today.
I asked him about the FairTax. He said numerous congressmen and senators are behind it. But, the Dems are against it. He said he didn't see anything being done b/c of Dem congress and senate. He forsee both winning majorities and poss. the White House in the fall and nothing still being done.
However, he says that 2010 will be much like '94 and that Republicans will take back Senate and House and FairTax will be back on the playing table.
Again, I'm not sure what my opinion is on this subject yet. However, it is good to know that politicians are aware that the IRS needs to be abolished in some form and the U.S. does need an overhaul of the tax system.
Debating the "Fair Tax"
02/15/2008 08:30:59 PM
Hoosier,
how long does it take to get books through Amazon? Is there a membership fee like Barnes and Noble?
Debating the "Fair Tax"
02/15/2008 08:30:20 PM
no, i haven't ordered one yet. I've been reading a lot of articles that are against the Fairtax, but most of the arguements are the same ones that have been brought up in here.

I should be done with the new book, but I had other things to do the last couple nights. Then, tonight I got on the computer instead.

Hoosier,
let me know what you think of the book as you go along. I am into the critics section now. Where I am at, they just explained about business owners having the choice of cutting the employees pay and dropping the cost of items OR letting the employees keep their pay (including what they would have had taken out in taxes) and keeping the cost of goods the same. Not a good explaination of that issue in that chapter. But, up to this point, the book has been very informative.

There were a couple times where they brought up a "Harvard study" and I would have liked to have known the basis for the study or sources that info was gathered from.
Larry Brooks: Could Gingrich restore balance for GOP ticket?
02/14/2008 07:46:47 AM
catvoter:

"McCain only voted against the tax reduction plan because he wanted a spending reduction plan to go with it. McCain is a tax conservative."

I agree 100% with this statement. This issue is one among several that the media and the Democrats are going to exploit. It is about the same as the "100 year wars".

But, McCain is going to have to solidify the Republican base. He will have to select a Republican with a strong conservative background as his runningmate. Due to McCain's age, people will also be looking to see if this VP would be worth of the Presidency should something happen to McCain.
Debating the "Fair Tax"
02/14/2008 07:41:11 AM
the embedded taxes:
2 options:

1. the employer gives you (the worker) your entire paycheck + the amount that would have been taken out in taxes by the federal government. This would be a substantial increase for some. The employer/producer/business owner then keeps the price of goods the same.

2. the employer cuts the cost of goods (by the amount of the embedded tax) and you receive a check (take home) what you currently receive. However, there are no taxes sent in to the governement. This money is what the employer keeps for eliminating the embedded taxes.

Now, the key question is: How do we know if option 2 is chosen that the employer/producer won't just keep the cost of the goods the same vs. reducing the cost of the good? The easy answer is that competition would drive that producer out of business. But, that isn't a good enough answer for me.
Larry Brooks: Could Gingrich restore balance for GOP ticket?
02/13/2008 04:37:18 PM
Newt is on Hannity and Colmes tonight
Larry Brooks: Could Gingrich restore balance for GOP ticket?
02/13/2008 04:34:57 PM
what a great shot in the arm this would be for the Repubicans... several other governors being considered. If Obama wins, chosing Newt might be portrayed as a a continued move toward "old" politics verses the "change" Obama is hyping