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Posted: 1:00 a.m. Tuesday, Aug. 9, 2005
By Neal Boortz
| Today's Nuze: August 09, 2005 | ||
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| Tuesday -- August 9, 2005
TONIGHT'S ORLANDO FAIRTAX BOOK SIGNING Tonight I will be at the Barnes & Noble Bookstore at 2418 East Colonial Drive
in Orlando, Florida. The short talk and book signing begins at 7:30. Royal will
be with me to keep the crowd entertained. See you there! That woman who is camped outside of Bush's Crawford, Texas resident? You know, the woman who lost a son in Iraq and is now insisting on a (second) meeting with Bush? You'll hear more about this particular woman today on the Boortz Show. Seems she's having a bit of a problem making up her mind. The female prerogative. Harry Belafonte has chimed in again on race in America. Belafonte says that black members of the Bush Administration are "black tyrants." Condi Rice ... Black Tyrant. I guess the same went for Colin Powell. Wow! That Harry Belafonte is some amazing race whore, isn't he? And that brings us to Greg Mathis. You know Greg, don't you? He's the Mathis of
"The Judge Mathis Show. Mathis says that Republican Party leaders are "thieves"
who need to be locked up. It's that same old song --- they "stole" the 2000
election. Another race pimp heard from. There is a hunger out there for tax reform. The American people are tired of the present system that punishes the behavior we want most out of our fellow citizens, and rewards the behavior we don't want. The FairTax has captured the imagination of hundreds of thousands. If there are two people in America who like the FairTax idea for every FairTax volunteer, than number is in the millions. Criticisms? You bet! As this idea gains steam, and as the book gains notoriety, the critics are taking their shots. Everywhere we look, and that includes the reviews page on Amazon.com, the criticisms seem to fall into two areas. 1. The real sales tax rate will be 30%, not 23%. 2. The stated sales tax rate can't replace all of the revenue the federal government currently takes in with the income tax. OK ... let's take you right to the Fairtax.org website. Here you will find an excellent and comprehensive list of Frequently Asked Questions. This oft-heard criticism as to the sales tax rate is answered in FAQ No. 47. (You may have to scroll up a bit to see No. 47). Simply stated ... the FairTax is quoted as an "inclusive" tax because that is the way income taxes are quoted. The FairTax will replace the income tax, so quote them the same way. If your income tax bracket is 25% and you earn $100, you will pay $25 in income tax. If the sales tax rate is 23% and you spend $100, you pay $23 in sales tax. Now ... let's quote both taxes on an "exclusive" basis. Using the excusive basis calculation your income tax rate becomes 33.3% and your sales tax rate becomes 30%. Either way, you're paying $25 out of $100 in income taxes, or 25% what you earned, and $23 out of the $100 you spent, or 23%. So --- to the critics, and that includes David Brock, if you're going to quote the FairTax rate on an exclusive basis, then why don't you start quoting the income tax it will replace the same way? Well --- I think I know why. The income tax is a good class warfare tool. It can be used to buy votes for leftist Democrats. So you quote the income tax rate in the most favorable possible terms. You don't like the FairTax because it treats every American exactly the same, and because it would be a completely ineffective class warfare tool ... so you quote the FairTax rate in the most negative possible terms. All we ask is that you show consistency. Pick your terms, exclusive or inclusive, and use that method when quoting both tax rates. Now ... as for the charge that the FairTax can't replace the revenue from the
taxes that eliminated ... wrong again. Almost $20 million was spent on economic
and social research, and that research shows that the 23% inclusive sales tax
rate would be revenue neutral. Go to the FAQs for more information on this
critique also. If you really pay attention to the critics on this issue you'll
see that most of them create a set of exclusions to the FairTax and then say
that the rate won't be revenue neutral. H.R. 25, the FairTax bill is revenue
neutral, as written. Don't go out there and change the terms to support your
criticisms.
REDNECK SCRAP BOOK What could be more peaceful than settin' out on the porch on a warm summer
evening listening to the gentle music of
windchimes. No, we're not
tired of the Redneck Scrap Book yet.
And judging from how many views it gets, neither are you. Heather's Reading Assignments: New deterrentsused against paparazzi. Stupid is as stupid does. FDIC not excluded. Every group offends someone, so lets just get rid of all mascots. More wasteful government spending: Ban the man-eating fish now! This is what happens when we play with science ... we get a human-head fish. Now let's meet George Jetson, or at least drive like him.(seats can even face different directions) Broccoli flavored seaweed. Yum... does it get any better than this? God I hope so! | ||
WHAT THE HECK ARE THOSE POINTY HAND THINGS? These are links to each individual story on the Nuze, p-links for the geeks out there. Plus, they work today and they'll work tomorrow. Now you can easily discuss/debate/rip apart the Nuze without worrying about the links going bad. Enjoy! BOORTZ BLAST NEWSLETTER
NEAL'S FANS GET TOGETHER
Belinda Skelton, Ken Rogers, Laura Nunemaker and Brian Ganey assist in the daily preparation of Nealz Nuze! |
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