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[+] Industry Partners - Dan Zook/NY (3 replies)
2/11/2009 3:17:47 PM (2587 views)

[+] 1099 - researcher ./VA (8 replies)
2/10/2009 7:25:50 PM (2874 views)

Blog comments requested - Dave Pelligrinelli/GA
2/10/2009 11:07:04 AM (3770 views)

[+] Reliable Property Reports- Kansas - Susan McKee/WV (7 replies)
2/9/2009 7:55:53 PM (5284 views)

Attention Vendor Managers... - Robert Franco/OH
2/9/2009 1:59:23 PM (2323 views)


Real Title Services


[+] Bulletins... - Robert Franco/OH (2 replies)
2/9/2009 1:37:06 PM (2530 views)

[+] Lenders First Choice - J Nisonger/CA (7 replies)
2/7/2009 3:52:44 PM (2929 views)

[+] Best E-Recording Software Provider? - Matt Daly/WI (1 reply)
2/6/2009 3:01:50 PM (2586 views)

[+] Ameristar -- please settle an argument for me - Alix Ott/MI (3 replies)
2/6/2009 9:25:33 AM (3489 views)

[+] American Title, inc. - Erin Carraway/NY (11 replies)
2/5/2009 2:39:06 PM (3156 views)

[+] ARROW ABSTRACT OF NEW YORK, INC. - Scott Perry/PA (5 replies)
2/5/2009 11:57:53 AM (2943 views)

[+] nXt Generation Title Services, LLC - Dan Zook/NY (11 replies)
2/5/2009 8:59:26 AM (3222 views)

[+] mortgage fraud - Sheila Sten/PA (4 replies)
2/4/2009 3:48:02 PM (2932 views)

[-] Off the beaten path - AbstractorWatchdog com/NY (34 replies)
2/3/2009 10:36:52 PM (2846 views)
Re: Off the beaten path - STEVE MEINECKE/TN
2/3/2009 11:31:49 PM (2297 views)
Re: Off the beaten path - Patrick Scott/IL
2/4/2009 12:01:44 AM (2284 views)
Re: Off the beaten path - Scott Perry/PA
2/4/2009 12:55:17 AM (2325 views)
Re: Off the beaten path - Robert Franco/OH
2/4/2009 10:42:36 AM (2302 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 10:52:16 AM (2295 views)
Re: Off the beaten path - Scott Perry/PA
2/4/2009 11:18:23 AM (2130 views)
Re: Off the beaten path - Clanci Nelson/OH
2/5/2009 4:48:33 PM (2246 views)
Re: Off the beaten path - Scott Perry/PA
2/5/2009 7:43:44 PM (4700 views)
Re: Off the beaten path - Robert Franco/OH
2/6/2009 10:09:45 AM (2029 views)
Re: Off the beaten path - Scott Perry/PA
2/6/2009 11:53:54 AM (2041 views)
Re: Off the beaten path - Robert Franco/OH
2/6/2009 12:44:49 PM (2000 views)
Re: Off the beaten path - Scott Perry/PA
2/6/2009 1:51:09 PM (2009 views)
Still makes no sense.... - Robert Franco/OH
2/9/2009 1:09:11 PM (2225 views)
Re: Still makes no sense.... - Scott Perry/PA
2/10/2009 3:26:30 AM (2039 views)
Re: Still makes no sense.... - Robert Franco/OH
2/10/2009 9:59:16 AM (2004 views)

Wow.  I'm almost suprised by that post.  Under the so-called "Fair Tax" the tax payer doesn't control the amount of tax they pay, unless you assume that all spending is optional.  If that were the case, very few people would pay any tax and the government would not be able to function.

The "micro managing" you speak of is a necessary part of our economy.  For example, allowing deductions for mortgage interest encourages home ownership, deductions for employer paid health care encourages employers to offer health insurance, tax-free contributions to retirement plans encourages people to save for their retirement, and education tax credits encourage people to get an education.  You may not agree with policy reasons behind the various Tax Code provisions, but for the most part they are good for our country.

I am sorry you don't have the "time nor desire" to address my "incorrect assumptions," you are the one who brought this up and I have taken the time to address yours.  Not the least of which is that you are under the misguided assumption that our current Tax Code is regressive!  Our graduated income tax is progressive, and as I have repeatedly pointed out the "Fair Tax" is regressive.

A progressive tax taxes those with more disposable income at a higher rate.  Under a regressive tax the tax rate decreases as the amount subject to taxation increases.  Basically, a regressive tax places a higher burden on the poor than the rich. 

The current Tax Code is progressive in several ways.  First, there is the basic graduated rates.  Those with less taxable income pay at various lower rates which gradually increases with the level of income.  Second, there are many deductions for necessities which work to make sure that those with less money don't pay income tax on the money they must spend on things like medical care and child care.  Third, there are tax credits for the poorest of our citizens.  Fourth, although it has its problems, the Alternative Minimum Tax prevents the problem that you keep mentioning, the rich get too many deductions and don't pay their fair share. 

The Alternative Minimum Tax could easily be fixed, and I believe that it will be fixed soon.  The problem is that unlike most provisions in the Tax Code, the amount of income you can have before you are subject to the AMT doesn't increase with inflation.  Thus, it is beginning to hit the middle class instead of just the very wealthy as it was originally intended.  Congress just needs to adjust the amounts in that provision for inflation.

Now, as I have pointed out several times, the "Fair Tax" is regressive because the taxpayers lose the benefit of the graduated tax rates.  Those rates start at 10%... then 15%, 25%, 28%, 33%, and 35%.  Under the "Fair Tax" everyone pays 30% starting with the first dollar they spend.  Since most of those in the middle class spend all of their income, they would pay 30% on all of their income and it would only be offset by the $500/mo rebate that you say a family of 4 would get.

Worse yet, those who borrow money - spend on their credit cards - would actually pay tax on more money than they actually earn!

The Tax Code isn't perfect, but it is better than the "Fair Tax."

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Still makes no sense.... - Debbie Thibodeaux/LA
2/11/2009 1:07:54 PM (1945 views)
Re: Still makes no sense.... - Robert Franco/OH
2/11/2009 1:43:23 PM (1911 views)
Re: Still makes no sense.... - Kevin Ahern/CT
2/11/2009 4:48:23 PM (1935 views)
Re: Still makes no sense.... - Robert Franco/OH
2/12/2009 12:46:38 AM (1883 views)
Re: Still makes no sense.... - Douglas Gallant/OH
2/11/2009 5:06:23 PM (1939 views)
As I Was Saying... - Scott Perry/PA
2/16/2009 12:14:21 AM (1887 views)
Re: As I Was Saying... - Robert Franco/OH
2/16/2009 11:56:29 AM (1969 views)
Re: Commercial Activity Tax... - Robert Franco/OH
2/16/2009 3:04:27 PM (4432 views)
Re: Off the beaten path - Clanci Nelson/OH
2/6/2009 4:45:51 PM (2150 views)
Re: Off the beaten path - Kevin Ahern/CT
2/6/2009 6:17:30 AM (1980 views)
Re: Off the beaten path - Robert Franco/OH
2/6/2009 10:03:24 AM (1992 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 10:47:54 AM (2159 views)
Re: Off the beaten path - Robert Franco/OH
2/4/2009 11:06:18 AM (2066 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 11:10:33 AM (1979 views)
Re: Off the beaten path - Scott Perry/PA
2/4/2009 11:31:26 AM (2045 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 11:59:28 AM (2109 views)
Re: Off the beaten path - Barbara Bennett/IN
2/4/2009 3:28:50 PM (1927 views)
Re: Off the beaten path - Kevin Ahern/CT
2/4/2009 11:21:39 AM (2037 views)
Re: Off the beaten path - Clanci Nelson/OH
2/5/2009 4:25:01 PM (2178 views)

[+] reporting non-paying title companies to the underwriters - Michael Lanin/KY (7 replies)
2/3/2009 1:20:18 PM (2714 views)


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