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ARROW ABSTRACT OF NEW YORK, INC. - Scott Perry/PA
2/5/2009 11:57:53 AM (3591 views)
Re: ARROW ABSTRACT OF NEW YORK, INC. - Cindy Thomas/NY
2/6/2009 2:52:47 PM (4231 views)
Re: ARROW ABSTRACT OF NEW YORK, INC. - Constance Foye/VA
2/11/2009 7:03:22 PM (3951 views)
Re: ARROW ABSTRACT OF NEW YORK, INC. - Greg Paszkiewicz/NJ
2/23/2009 12:47:32 PM (3840 views)
Re: ARROW ABSTRACT OF NEW YORK, INC. - george Hubka/MI
2/25/2009 5:52:35 PM (3849 views)
Re: ARROW ABSTRACT OF NEW YORK, INC. - Smitty Strickland/SC
10/2/2012 6:51:09 PM (3302 views)

nXt Generation Title Services, LLC - Dan Zook/NY
2/5/2009 8:59:26 AM (3767 views)
Re: nXt Generation Title Services, LLC - AbstractorWatchdog com/NY
2/5/2009 10:47:19 AM (7246 views)
Re: nXt Generation Title Services, LLC - Jessica Talley/NJ
2/5/2009 2:22:14 PM (4204 views)
Re: nXt Generation Title Services, LLC - Dan Zook/NY
2/5/2009 3:22:23 PM (4292 views)
Re: nXt Generation Title Services, LLC - Dan Zook/NY
2/9/2009 2:44:32 PM (4300 views)
Re: nXt Generation Title Services, LLC - Robert Franco/OH
2/9/2009 2:52:37 PM (4217 views)
Re: nXt Generation Title Services, LLC - Dan Zook/NY
2/9/2009 3:15:32 PM (4132 views)
Re: nXt Generation Title Services, LLC - cindy thomas/NY
2/9/2009 5:02:31 PM (6700 views)
Re: nXt Generation Title Services, LLC - nXt Generation Title Services, LLC/FL
2/10/2009 10:52:31 AM (4195 views)
Re: nXt Generation Title Services, LLC - Dan Zook/NY
2/10/2009 12:58:43 PM (4278 views)
Re: nXt Generation Title Services, LLC - Clanci Nelson/OH
2/12/2009 2:42:56 PM (4166 views)
Re: nXt Generation Title Services, LLC - Clanci Nelson/OH
2/12/2009 2:20:01 PM (4025 views)

mortgage fraud - Sheila Sten/PA
2/4/2009 3:48:02 PM (3573 views)
Re: mortgage fraud - Robert Franco/OH
2/4/2009 3:51:15 PM (4161 views)
Re: mortgage fraud - Sheila Sten/PA
2/4/2009 3:56:52 PM (4237 views)
Re: mortgage fraud - J Nisonger/CA
2/7/2009 4:00:55 PM (4081 views)
Re: mortgage fraud - Sheila Sten/PA
2/8/2009 4:18:20 PM (3996 views)

Off the beaten path - AbstractorWatchdog com/NY
2/3/2009 10:36:52 PM (3469 views)
Re: Off the beaten path - STEVE MEINECKE/TN
2/3/2009 11:31:49 PM (4257 views)
Re: Off the beaten path - Patrick Scott/IL
2/4/2009 12:01:44 AM (4142 views)
Re: Off the beaten path - Scott Perry/PA
2/4/2009 12:55:17 AM (4248 views)
Re: Off the beaten path - Robert Franco/OH
2/4/2009 10:42:36 AM (4130 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 10:52:16 AM (4175 views)
Re: Off the beaten path - Scott Perry/PA
2/4/2009 11:18:23 AM (4027 views)
Re: Off the beaten path - Clanci Nelson/OH
2/5/2009 4:48:33 PM (4106 views)
Re: Off the beaten path - Scott Perry/PA
2/5/2009 7:43:44 PM (6716 views)
Re: Off the beaten path - Robert Franco/OH
2/6/2009 10:09:45 AM (3876 views)
Re: Off the beaten path - Scott Perry/PA
2/6/2009 11:53:54 AM (3948 views)
Re: Off the beaten path - Robert Franco/OH
2/6/2009 12:44:49 PM (3847 views)
Re: Off the beaten path - Scott Perry/PA
2/6/2009 1:51:09 PM (3841 views)
Still makes no sense.... - Robert Franco/OH
2/9/2009 1:09:11 PM (4062 views)

Scott,

Your answers are really not supporting your position.

First, the fact that only "new items" would be subject to the tax is just another reason why a national sales tax would not work.  To take a look at an industry already stuggling, the auto industry, your plan would make our current economic situation even worse.  The government is already trying to provide tax credits for purchasing automobiles.  If only new autos are taxes under your plan, who would not opt to buy a used car when the savings would be 30% MORE?  Your plan would drive up the used car prices and still not address the underlying problem we are currently facing - nobody is buying new cars. If people don't buy new items because they are 30% more than used items, the economy would suffer drastically.  And, it would hurt the people with less money who would be paying more for used cars.  This holds true of any goods - not just cars.

Second, you don't seem concerned that burgleries and theft woudl increase dramatically.  The criminals you say would begin paying tax on their toys assumes they would buy these items new... fact is they are criminals and they would steal them - and have even a new source of revenue on the black market.  The increase cost of crime on society would be huge.... higher insurance prices for all of us, and higher prices on all goods to make up for losses caused by theft.

Third, your explanation of the effect on those with Roth IRAs is not really an answer.  The fact is that these people paid the income tax on that money already and they would be paying a 30% tax on that money again when they draw the money out to spend it.  That doesn't seem very fair for something called the "Fair Tax."  Sure, they would pay some taxes anyway... but nothing near the 30% you want to charge them.

Fourth, you seem to think that the rich are stupid and they will continue to spend lavishly in the face of a 30% national sales tax.  Quite arguably, the rich became rich by saving and spending wisely.  If they can buy used porsches, yachts, and jets, they will do so.  And, don't forget that the most coveted items among the rich, antiques and artwork, are all by their very nature "used items" that, according to you, will not be taxed.  The rich will simply change their spending habits to take the best advantage of your plan.  They won't be the cash cow that you imagine them to be.

Fifth, you seem to miss the point regarding the overall effect on the economy.  There is a big difference between the current income tax and your plan.  In a recession, we need consumer spending to create jobs and economic growth.  With your plan, there is an incentive to save, not spend, which is especially true in poor economic times.  How do you spur the economy with a national sales tax?  You need consumer spending, but have tax system that penalizes those who spend.

Sixth, you didn't address the major flaw in the "Fair Tax"... it is NOT fair.  It will cost the middle class MORE in taxes.  The graduated income tax provides a lower rate on the first dollars earned.  It starts at only 10% and gradually rises to about 36%.  With a national sales tax, those who make between $30,000 and $200,000 will be paying 30% on every dollar they spend, since most in that category spend all of their income, they will be paying the maximum amount from the beginning and they lose out of the beneftis of the lower rates provided by the graduated income tax.

Those who can save - will save.  Those who can't save will shoulder the majority of the tax burden in this country.  The rich will get richer, the middle class will get poorer, and the poor won't pay taxes in either tax system.

You seem to have bought into the hype that a consumption tax is a "fair" tax... just because someone decided to call it the "Fair Tax" doesn't change the nature of it.  It is not inherently any more fair than the graduated income tax - it is a consumption tax that hits hardest those who consume the most as a percentage of their income.  Since those with lower incomes spend the largest percent of their incomes, they will be the real losers under your plan.

And you are really wrong when it comes to which provides the more stabile base - that is certainly not a consumption tax.  In lean times, it is easy to cut back on spending - or at least to cut back on spending on "new items," which you claim will be the only category of goods to be taxed.  Thus, the nation would suffer from decreased revenue when it needs it the most.

We could argue this forever... but the simple fact is that the majority of economists and politicians do not consider the consumption tax to be a viable alternative.  It will not happen. As I have said, if we were to try, we would end up trying to phase in a consumption tax and the income tax would never go away - we would have both.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Still makes no sense.... - Scott Perry/PA
2/10/2009 3:26:30 AM (3838 views)
Re: Still makes no sense.... - Robert Franco/OH
2/10/2009 9:59:16 AM (3883 views)
Re: Still makes no sense.... - Debbie Thibodeaux/LA
2/11/2009 1:07:54 PM (3827 views)
Re: Still makes no sense.... - Robert Franco/OH
2/11/2009 1:43:23 PM (3806 views)
Re: Still makes no sense.... - Kevin Ahern/CT
2/11/2009 4:48:23 PM (3813 views)
Re: Still makes no sense.... - Robert Franco/OH
2/12/2009 12:46:38 AM (3698 views)
Re: Still makes no sense.... - Douglas Gallant/OH
2/11/2009 5:06:23 PM (3801 views)
As I Was Saying... - Scott Perry/PA
2/16/2009 12:14:21 AM (3805 views)
Re: As I Was Saying... - Robert Franco/OH
2/16/2009 11:56:29 AM (3893 views)
Re: Commercial Activity Tax... - Robert Franco/OH
2/16/2009 3:04:27 PM (6483 views)
Re: Off the beaten path - Clanci Nelson/OH
2/6/2009 4:45:51 PM (3931 views)
Re: Off the beaten path - Kevin Ahern/CT
2/6/2009 6:17:30 AM (3899 views)
Re: Off the beaten path - Robert Franco/OH
2/6/2009 10:03:24 AM (3897 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 10:47:54 AM (4043 views)
Re: Off the beaten path - Robert Franco/OH
2/4/2009 11:06:18 AM (3840 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 11:10:33 AM (3807 views)
Re: Off the beaten path - Scott Perry/PA
2/4/2009 11:31:26 AM (3890 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 11:59:28 AM (3913 views)
Re: Off the beaten path - Barbara Bennett/IN
2/4/2009 3:28:50 PM (3720 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 11:21:39 AM (3816 views)
Re: Off the beaten path - Clanci Nelson/OH
2/5/2009 4:25:01 PM (4032 views)

reporting non-paying title companies to the underwriters - Michael Lanin/KY
2/3/2009 1:20:18 PM (3359 views)
Re: reporting non-paying title companies to the underwriters - Robert Franco/OH
2/3/2009 2:25:20 PM (4269 views)
Re: reporting non-paying title companies to the underwriters - Michelle/IL
2/4/2009 1:18:59 PM (3867 views)
Re: reporting non-paying title companies to the underwriters - J Nisonger/CA
2/5/2009 10:00:22 PM (3997 views)
Re: reporting non-paying title companies to the underwriters - Michael Lanin/KY
2/6/2009 12:52:40 PM (3917 views)
Re: reporting non-paying title companies to the underwriters - J Nisonger/CA
2/7/2009 3:56:45 PM (3804 views)
Re: reporting non-paying title companies to the underwriters - Clanci Nelson/OH
2/12/2009 2:18:17 PM (3735 views)
Re: reporting non-paying title companies to the underwriters - STEVE MEINECKE/TN
2/17/2009 9:17:45 AM (3726 views)




Title Assurance & Indemnity Corp. of NA Cleveland, OH - MIchael Lanin/KY
2/3/2009 1:01:36 PM (2597 views)

The Law Firm of Crystal Lowery - Edward Huguenin/SC
2/1/2009 8:20:52 AM (3736 views)
Re: The Law Firm of Crystal Lowery - Wendi See/SC
2/1/2009 6:37:04 PM (4031 views)
Re: The Law Firm of Crystal Lowery - Janis Talbot/SC
2/2/2009 9:11:46 AM (4295 views)
Re: The Law Firm of Crystal Lowery - Wendi See/SC
2/2/2009 8:34:15 PM (4103 views)
Re: The Law Firm of Crystal Lowery - Edward Huguenin/SC
2/3/2009 7:10:57 AM (4022 views)

What is considered slow pay? - no name/MI
1/30/2009 12:50:38 PM (3332 views)
Re: What is considered slow pay? - Jessica Talley/NJ
1/30/2009 12:59:33 PM (4081 views)
Re: What is considered slow pay? - Kevin Ahern/CT
1/30/2009 1:33:34 PM (4351 views)

Probate Question - Helene /GA
1/29/2009 11:50:27 PM (3195 views)
Re: Probate Question - Kevin Ahern/CT
1/30/2009 6:52:39 AM (4249 views)
Maybe a shifting executory interest... - Robert Franco/OH
1/30/2009 9:28:41 AM (4331 views)
Re: Maybe a shifting executory interest... - Kevin Ahern/CT
1/30/2009 10:01:35 AM (4050 views)
Re: Maybe a shifting executory interest... - Robert Franco/OH
1/30/2009 10:25:15 AM (3896 views)
Re: Maybe a shifting executory interest... - Kevin Ahern/CT
1/30/2009 10:49:36 AM (3961 views)
Re: Maybe a shifting executory interest... - Helene /GA
1/30/2009 10:38:14 PM (4004 views)
Re: Maybe a shifting executory interest... - Douglas Gallant/OH
1/31/2009 8:27:20 AM (4037 views)

Preview of Coming Attractions? - Scott Perry/PA
1/29/2009 10:53:59 PM (5006 views)
Re: Preview of Coming Attractions? - AbstractorWatchdog com/NY
1/29/2009 11:22:02 PM (4374 views)
Re: Preview of Coming Attractions? - Scott Perry/PA
1/29/2009 11:58:37 PM (4075 views)
Re: Preview of Coming Attractions? - Jessica Talley/NJ
1/30/2009 8:07:42 AM (4401 views)
Re: Preview of Coming Attractions? - AbstractorWatchdog com/NY
1/30/2009 8:15:04 AM (4417 views)
Re: Preview of Coming Attractions? - AbstractorWatchdog com/NY
1/30/2009 8:16:02 AM (4282 views)
Re: Preview of Coming Attractions? - Alix Ott/MI
2/2/2009 2:10:27 PM (4022 views)
Re: Preview of Coming Attractions? - Kevin Ahern/CT
1/30/2009 8:46:02 AM (4274 views)
Re: Preview of Coming Attractions? - Jessica Talley/NJ
1/30/2009 12:55:40 PM (5890 views)
Re: Preview of Coming Attractions? - michael quinn/NY
2/1/2009 1:09:50 AM (4035 views)
Re: Preview of Coming Attractions? - Kevin Ahern/CT
2/1/2009 6:01:27 AM (4166 views)
Re: Preview of Coming Attractions? - WAYNE QUICK/NC
2/2/2009 6:16:26 PM (4054 views)

The Bankruptcy Club - AbstractorWatchdog com/NY
1/29/2009 2:56:14 PM (3561 views)
Re: The Bankruptcy Club - Kim Cowles/WI
1/29/2009 2:59:08 PM (4252 views)
Re: The Bankruptcy Club - AbstractorWatchdog com/NY
1/29/2009 3:48:35 PM (4027 views)
Re: The Bankruptcy Club - Jessica Talley/NJ
1/29/2009 6:58:44 PM (4029 views)
Re: The Bankruptcy Club - Barbara Kelley/PA
2/2/2009 8:50:30 AM (3963 views)
Re: The Bankruptcy Club - Robert Franco/OH
2/2/2009 9:33:45 AM (4120 views)
Re: The Bankruptcy Club - AbstractorWatchdog com/NY
2/3/2009 10:43:16 PM (4067 views)
Re: The Bankruptcy Club - Anthony Joseph/TX
2/4/2009 8:22:07 AM (4129 views)
Re: The Bankruptcy Club - george Hubka/MI
2/25/2009 6:04:15 AM (3796 views)

MONEY OWED - quinn cioffi/PA
1/28/2009 2:38:15 PM (3581 views)
Re: MONEY OWED - Laurie E/MD
1/28/2009 6:04:33 PM (3922 views)
Re: MONEY OWED - george Hubka/MI
2/24/2009 6:51:47 PM (3702 views)

New Real Estate Numbers Are Out - AbstractorWatchdog com/NY
1/28/2009 2:25:36 PM (4386 views)

Snow Day! - Robert Franco/OH
1/28/2009 12:39:37 PM (3173 views)
Re: Snow Day! - STEVE MEINECKE/TN
1/28/2009 12:45:16 PM (4077 views)
Re: Snow Day! - Nils Nelson/ME
1/28/2009 4:37:10 PM (4095 views)
Re: Snow Day! - Joanie Hahr/VT
1/28/2009 5:05:58 PM (3854 views)
Re: Snow Day! - Glenda Hodge/TN
1/28/2009 11:14:51 PM (3910 views)
Re: Snow Day! - Sheila Sten/PA
1/29/2009 2:39:41 PM (3778 views)
Re: Snow Day! - Clanci Nelson/OH
1/29/2009 3:36:29 PM (3935 views)
Re: Snow Day! - Scott Perry/PA
1/29/2009 10:41:24 PM (3990 views)
Re: Snow Day! - Clanci Nelson/OH
1/30/2009 3:55:14 PM (4184 views)
Re: Snow Day! - Sheila Sten/PA
1/31/2009 10:31:02 AM (4014 views)
Re: Snow Day! - Sheila Sten/PA
1/31/2009 10:30:35 AM (3946 views)
Re: Snow Day! - Kevin Ahern/CT
1/31/2009 12:36:02 PM (3882 views)
Re: Snow Day! - Scott Perry/PA
1/31/2009 3:42:38 PM (3935 views)
Re: Snow Day! - Scott Perry/PA
1/31/2009 3:44:38 PM (3890 views)

NALTEA - AbstractorWatchdog com/NY
1/28/2009 12:13:09 PM (3018 views)
Re: NALTEA - Dave Pelligrinelli/GA
1/28/2009 1:05:51 PM (3965 views)
Re: NALTEA - AbstractorWatchdog com/NY
1/28/2009 9:54:56 PM (3899 views)


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