tag:blogger.com,1999:blog-8241505550351823820.post7916495869096955730..comments2024-02-11T06:57:23.174-05:00Comments on SchansBlog: Knott bangs on Baron OR why is Baron Hill such a fan of onerous payroll taxes on the working poor?!Eric Schansberghttp://www.blogger.com/profile/16147388189415035752noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8241505550351823820.post-74835661568807713752010-05-10T12:29:32.050-04:002010-05-10T12:29:32.050-04:00The "fair tax" as proposed would replace...The "fair tax" as proposed would replace "income" taxes and payroll taxes on income, so you'd be trading taxes. The flat tax would flatten the current "income" tax system. So, your concern is valid only on the VAT-- and there are other concerns beyond that with a VAT. <br /><br />There are reasons to worry about the implementation of the "fair tax", especially when it's at a relatively high rate. But I think I've posted on that previously.Eric Schansberghttps://www.blogger.com/profile/16147388189415035752noreply@blogger.comtag:blogger.com,1999:blog-8241505550351823820.post-60261030794853455942010-05-10T12:00:55.206-04:002010-05-10T12:00:55.206-04:00Personally, my chief concern with all of the alter...Personally, my chief concern with all of the alternative tax plans (fair, VAT, flat, etc..) is that you would be giving the government more sources of revenue. For example, Paul Ryen makes an eloquent argument for a "reasonable" path to perpetual sustainability for SS/Medicare/etc...by using "low" versions of multiple tax streams, but I think he's being naive to think that any congress will restrain spending given multiple tax streams that they can increase.<br /><br />the only way any other tax system would be acceptable, in my view, would be to permanently repeal income tax at the same time. your thoughts?Shawn Loyhttps://www.blogger.com/profile/18007933444019428114noreply@blogger.com