Obama Announces Re-election Bid

[TheMercenary]

Originally Posted by Fair&Balanced

A common demoninator of every flat or fair tax proposal is that they lowers the tax obligations of the top taxpayers at the expense of the middle class.

This is a common attempt by progressives to cite classwarfare and demonize a radical change where everyone pays some Federal Income tax. As long as 47% of the citizens do not pay tax the system will fail. Further spending must be cut. You can't run up the credit cards and then cry off because you don't have the money to pay for your boondoggle expenses.

On the other side of the equation, such taxes never generate the level of revenue projected because they are based on ideological assumptions of economic growth (voodoo economics) at unrealistic levels with no basis in fact.

I have not read that. Maybe you could point to one of your opinion pieces that makes this claim. And then I could point to an opinion piece that disagrees with it. And round and round we could go.

The current fair tax proposal that is floating around calls for a 23% VAT (sales tax). Independent analyses of the proposal suggest that it would take a VAT tax of at least 34% to be revenue neutral.

This is contrary to the things I have read. In fact the only people who I have heard propose a flat tax are the Demoncrats.

http://www.atr.org/userfiles/041310p...20Timeline.pdf

And this was not as a replacement to our current tax system, but as an additional tax. Of course that went over like a lead ballon so the only thing they have left in their little magic bag of tricks is more smoke and mirrors in an effort to raise taxes on the middle class and upper incomes while preserving votes in their Zero Liability Voter class who pay no Federal Income Tax.