Education Archive
Answering James Taranto’s Critique of the FairTax
December 20, 2007 · Category: Criticisms, Education
A reader named Derek has done an excellent job of answering Hayden Kepner's summary of James Taranto's critique of the FairTax in the Wall Street Journal. I'm pasting Derek's answer below, with a few ...
Posted by Joshua Zader · 5 Comments »
On Taxing Government Expenditures
From John Warr:
Can anyone explain how the federal government can generate revenue by imposing a tax upon itself? If revenue cannot be generated this way, why does HR 25 require the federal government to ...
Posted by Joshua Zader · 29 Comments »
Closing the B2B Loophole, Part II
From reader Tanner E:
I was hoping you or someone else could help me understand this regarding FairTax. I came across the “The ‘I’m My Customers’ Employee’ Trick” post from 10/05/06… and read through all ...
Posted by Joshua Zader · 3 Comments »
Irrefutable Proof the FairTax Cannot Work?
FairTax critic Hayden Kepner actually submitted this a couple weeks ago but it got lost in all our technical difficulties. I just approved several other messages that had been stuck in the queue as ...
Posted by Joshua Zader · 75 Comments »
Questions about the FairTax Plan
From reader Cynthia McClelland:
I have several questions about the fair tax proposal.
1) If payroll deductions for Social Security/Medicare are discontinued, what about the employers' contribution? Has this been figured into the proposed beginning rate ...
Posted by Joshua Zader · 6 Comments »
Taxes and the Increase in Families Going Bankrupt
August 6, 2007 · Category: Education
Todd Zywicki at Volokh.com looks at taxes and the increase in families going bankrupt:
[Since 1973] taxes increase in the example by $13,086. By contrast, annual mortgage obligations increased by only $3690 and automobile obligations by ...
Posted by Joshua Zader · 28 Comments »
The FairTax and Globalization of the U.S. Economy
From Duane Neighbors:
I would like to see a new thread started that discusses the current tax system, the FairTax and globalization of the nations economy. How would this country fare in the global marketplace under ...
Posted by Joshua Zader · 51 Comments »
The Fair Tax Act, Part LXIII
July 11, 2007 · Category: Education
Ah, here it is, the very last section of HR25. I made it.
SEC. 303. SALES TAX INCLUSIVE SOCIAL SECURITY BENEFITS INDEXATION.
Subparagraph (D) of section 215(i)(1) of the Social ...
Posted by James Kidd · 4 Comments »
The Fair Tax Act, Part LXII
July 9, 2007 · Category: Education
Nearly There! Section 302 creates the entities responsible for taxation within the Treasury Department:
SEC. 302. ADMINISTRATION OF OTHER FEDERAL TAXES.
(a) In General- Section 7801 (relating to the authority ...
Posted by James Kidd · 2 Comments »
Cascading Embedded Costs of the Income Tax
From Hank Van Gieson:
There is a fairly lively discussion on the fairtaxgroups site concerning just how much income tax costs can be removed if the Fairtax was approved. I have long been puzzled by ...
Posted by Joshua Zader · 13 Comments »
The Fair Tax Act, Part LXI
July 5, 2007 · Category: Education
With some reservation, I have decided to omit the sections of the Fair Tax Act about reforming technical amendments (Sec. 202 under Chapter 9), simply because most of them are just repealing chunks of law ...
Posted by James Kidd · 3 Comments »
Putting Revenue Neutrality in Context
July 4, 2007 · Category: Education
This is a reply from Quadrupole to Hayden, picking up from their discussion here. I'm promoting this to its own thread to provide some front-page coverage for Quad's valuable observations. Happy Independence Day, ...
Posted by Joshua Zader · 10 Comments »
Clarification from Dr. Walby on Section 905
June 14, 2007 · Category: Education
Joshua forwarded this response from Dr. Walby:
There was a post regarding section 905 on your blog. Here is an explanation and reason for it being included in the FairTax Act. Karen
Karen ...
Posted by James Kidd · 15 Comments »
The Fair Tax Act, Part LIX
June 1, 2007 · Category: Education
Sorry for the long absence... life does that to you sometimes. Anyway, I'll post the rest of section 904 today.
`(d) Old-Age, Survivors and Disability Insurance Rate- The old-age, survivors and disability insurance rate shall ...
Posted by James Kidd · 45 Comments »
The Fair Tax Act, Part LVIII
May 10, 2007 · Category: Education
Today I'll cover the first chunk of section 904, which details how to handle Social Security and Medicare revenue with the FairTax:
(a) Secretary To Make Allocation of Sales Tax ...
Posted by James Kidd · No Comments »
Would the Underground Economy Be a Problem?
I'm promoting Jessica's question into a post and thread here of its own:
I don't think we've really discussed the "underground economy" that Mr. Gale says would thrive. As far as I understand it, as used ...
Posted by Joshua Zader · 45 Comments »
The Fair Tax Act, Part LVII
April 30, 2007 · Category: Education
Section 903 details how your Social Security benefits will be calculated after the FairTax is implemented:
`SEC. 903. WAGES TO BE REPORTED TO SOCIAL SECURITY ADMINISTRATION.
`(a) In General- Employers shall ...
Posted by James Kidd · 9 Comments »
The Fair Tax Act, Part LVI
April 27, 2007 · Category: Education
Here we go with Section 902: Transition Matters.
`SEC. 902. TRANSITION MATTERS.
`(a) Inventory-
`(1) QUALIFIED INVENTORY- Inventory held ...
Posted by James Kidd · No Comments »
The Fair Tax Act, Part LV
April 26, 2007 · Category: Education
More of section 901:
`(f) Substance Over Form- The substance of a transaction will prevail over its form if the transaction has no bona fide economic purpose and is designed to evade tax imposed by this ...
Posted by James Kidd · No Comments »
The Fair Tax Act, Part LIV
April 23, 2007 · Category: Education
Moving on to Chapter 9 which covers a wide assortment of miscellany:
`(a) Intangible Property Antiavoidance Rule- Notwithstanding section 2(a)(14)(a)(i), the sale of a copyright or trademark shall be treated as the sale of taxable services ...
Posted by James Kidd · 6 Comments »
