Monday, October 17, 2011

FAIRTAX CALCULATOR HUSTLE

Fairtax "calculator" is slick.... it will seem to be very thorough.

Thorough until you realize- - there is no place to enter anything about your taxable consumption.

So if it's proof of anything, it's proof of their hustle.

Years ago, their link to the "calculator" was on every Fairtax page.   Then it was exposed  -- and they took that link down.  I will redo this later, using the current calculator fraud.   But the fraud, the hustle, is exactly the same.   This will not look exactly like the current one, as I said, but it's the same and I will change over to show that later this week.


They have had four or five different "calculators"  using the same hustle.

Always the same hustle.... that is never allowing you to put in your taxable consumption.  

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But don't feel bad  -- on the surface, Fairtax itself looks wonderful, just like this calculator looked wonderful,   For Fairtax itself, the slogans and claims of research seemed wonderful.


 HERE IS A LINK TO OVERALL HUSTLE

But then take another look -- for Fairtax,  look at their fine print and goofy math equations
For the calculator -- look at what information they actively prevent you from entering-- your taxable consumption.
It is literally impossible, not just difficult, to enter your taxable consumption.  No place for your retail purchases,  your rent, you health expenditures.

No place to enter college dorm most (taxable) or utilities, or food.  No place to enter anything -- anything -- that matters.



Clever-- and audacious. 

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WHAT HAPPENS IF THEY  LET YOU ENTER YOUR RENT

  If they let you enter rent, for example, you would know rent is taxed.

  Their calculator not only has no step, no way to enter rent,  you can not enter anything that matters!

 You can't enter cancer care costs. Or heart surgery. Or enter anything at all about any expenditures, health care, food, rent.  etc. etc.  Nothing.  You are not allowed to put in the very things that are taxed!?

Only -- only questions they ask are about things that are NOT taxed. Used goods.  Tuition.  They ask your mortgage, but that's not taxed.

Systematically -- deliberately --- their "calculator"  does not dare allow you to put in anything whatsoever that matters.   So,  all your expenditures that would be taxed, you can't put in.

Health costs, or vacation expenses, or home repairs, or food, any of 10000000 things-- you can not possibly enter any of those into the "calculator".

 BUT YOU OWE MUCH MORE

If that's not bad enough, the big fraud of fairtax is the massive OTHER taxes- - on top of retail sales taxes.  

They have massive other "consumption" they tax,  and they don't let you enter that either.

For that part of the hustle, you'd need to know the overall hustle.  Here is that link, same as above, for the overall hustle.  That shows you their massive goofy "other" consumption  you are taxed for, in addition to retail sales.
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TRY IT FIRST -





We fill out their "calculator" using a guy we name Joe.  He is a compilation of my self and several other folks. Rather typical finances.

QUESTION 1  They ask for Joe's income,  though that does not matter.

Joe enters 55, 000

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Joe enters 55,000 for income.  Income is not taxed, but as long as they let you enter your consumption,  they can give you a comparison.

Spoiler Alert  -- they never allow you to put in your taxable consumption


Joe made 55K  So he puts that in. 
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QUESTION 2

They ask for Joe's mortgage,  though that does not matter to fairtax itself. Fairtax has nothing to do with mortgages. But it's a question so "Joe" answers it.
   
. 


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QUESTION 3

They ask  for Joe's investments.  

Investments do not matter.  But let's put it in, anyway.  That's all you can do,  after all. 
























Our Joe has 5800 year in investments. So he puts that in.  Still no place to put in any consumption that is taxed.
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QUESTION 4

They ask for tuition and other household details -- like used goods.  Those do not matter, either.  Tuition is not taxed.  Nor are used goods taxed.  Still -- if they get around to letting you enter  your consumption,  it could be legit.



Joe put in 2000 dollars for household expenses.  500 for charity. 1000 for gifts. And 5% is his state sales tax rate.

They ask for all that, and it does not matter (except for household expenses)  No place for rent,  medical consumption, vacation spending, dentures for your kids,  a new car,  or repairs of anything. They do not allow you to put in such things. 


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NO MORE QUESTIONS -

FAIRTAX GIVES  "BOTTOM LINE REPORT"



Despite absolutely no place to put in your taxable consumption they tell you (or pretend to) how much you will save.

Depending on your consumption, of course, you could  owe 5 or 10 times as much taxes this way, as you will see. Go on vacation,  have health care costs,  heat your house, or rent, or install a swimming pool,  or buy a new car-- whatever -- Fairtax never let you put in that information. 

In fact, they prevented anyone from putting in any information that mattered.

But it looked spiffy!   Just like their Fairtax hustle itself looked spiffy.  That link here.  Their calculator made sure you did not know that.   

Bottom line ---they say for Joe--  9,000 less in taxes.

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Joe might have "expended" 200,000 for a  new house. They don't know, and did not ask.

Joe might have rented.  They did not ask.

Joe might have bought a new mobile home, a shed, or a new truck.  A million things Joe might have bought.  And what people do buy.  But none of that - zero -- could Joe put in, nor anyone else put in.


Go ahead. Try to enter the cost of your new house, or the rent you might pay -- 

I spent 4000 dollars on my electric and 6000 dollars for a new tub and sink to be installed. 

The tax -- just the tax -- on that would be 2300 dollars. 

But there is no place for me -- you -- or anyone to put any such information.

That's how these guys operate. 

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And there was no place to put any of it.


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SPREAD SHEET COMPARE 

Now we use a spread sheet to compare our made up guy, Joe. Same 55K income.

In a spread sheet, of course, we can enter Joe's expenditures. So we do enter them.

Joe rents, in our example, his wife has medical cost. They eat, they drive cars, they have cell phones and heat the home.

Because of the high medical consumption, Joe "expends" 251K  total. He uses savings and borrows to pay for cancer care,  but it's taxed 23%. There are no exceptions -- and all medical consumption is taxed, without exception. 

 Joe in this setting owes a stunning 57,000 dollars in Fairtax.   Because he had high medical cost he would be taxed very high.  

By the way, that exceeds his income.  That's why Fairtax did not dare use an honest equations.   Millions of people would owe 40 60 60 or even tax rates over 100%. 

An honest calculator -- that let Joe or you or anyone -- put in  their consumption, would show that.

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JOE'S WIFE DOES NOT GET SICK--- 

Many people do have high medical cost, but let's say Joe's wife did not have cancer.  How much tax would Joe  pay with Fairtax?



Almost 22,000 in fed taxes. Not over 100% but still almost three times higher than before Fairtax.

Fairtax hustlers did not want you to notice that either. 

It's not just those with high expenditures for medical -- it's most folks. Most folks would owe drastically more in Fairtax.

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Get their calculator and see for yourself.  Use theirs-- they wont let you enter what matters, but use it first.

Then you make a spread sheet.   Enter your various consumption -- including state and local and federal consumption taxes you would have to be (see the hustle exposed at this link of that ) 

See for yourself.

Millions of people would owe double or triple what they owe now.






But they told Joe he saved 9K!

Joe MIGHT save money, if he did not heat his house, did not go on vacation, did not pay rent and lived free.





And even without the cancer expenditures, Joe's Fairtax is 21K on income of 55K.













6 comments:

  1. How would Joe be able to spend $256,600, if he only makes $54,000? Where did he get the extra $202,600 of spending money from? Realistically you can only spend the money you make. So, realistically it wouldn't be possible for Joe to spend $256,600 when he only makes $54,000. Unless, of course he has amazing credit and is able to get $250,000 of credit when only making $54,000 per year. If such a bank exists that would give someone with that income that much, I would like to know where it is. My point is you cant spend more than you make. What you miss is the calculator correctly points out that the government is taking money from you now that you could be spending. The Fairtax allows you to spend more of the money that you earned.

    ReplyDelete
    Replies
    1. Joe cant spend 250K you fucking idiot, that's my point. If you read that, you know Medicare and Insurance paid. But Joe is liable.

      According to Fairtax fine print, there are no exceptions. Their math is based on that. In other words, their math is bullshit. But the medical costs are just an example. A poor person would have all kinds of expenditures, that he had to pay OR use savings, OR get help. SOmewhere, he would have to get the funds, or others would have to pay. Got that, too complicated?

      That person is taxed, on all that.

      The calculator, you idiot, did not allow Joe to put in ANY expenditures that matter. Not only did it keep him from putting in the Medical care, it stopped him from putting in ANY thing that mattered.

      Do you grasp that? YOu were fooled. Fairtax is a fraud by lying bastards.

      Delete
  2. Joes insurance paid, joe had savings, that's the point.

    Of course Joe couldnt pay the tax. That's my point.

    ReplyDelete
  3. Well Joe... you missed the point entirely. Unfortunately, your assumptions are wrong. If you read the bill and the provisions it makes, you would understand more clearly of why the FairTax is the solution and the calculator is correct.

    The FairTax is included IN the cost of goods and services.. not in addition to. This is not a deception but to show you clearly how much you are paying. 22 cents of every dollar you spend NOW is tax being collected for whatever you buy as part of the cost of doing business. Goods are produced, raw materials purchased, employees paid with the result being, that a new car is costing you, on average, an additioinal 22% of embedded taxes NOW. After the FairTax, the amount will be 23% embedded tax, except it will show on your receipt exactly what the tax amount is... not "embedded without you knowing it, as it is now... BUT... you will pay ZERO income tax, so that's why the FairTax Calculator is correct. You will only be taxed on what you spend over the minimum prebate you will receive each month based on your household size. (remember, it's actually stated in the bill's provisions).

    Because there will be no Income Tax, and without taxes companies collect by embedding the cost in the goods and services... the actual cost will competitively be reduced by an average of 22% for every dollar you spend. So, Joe's heart surgery costing $182,000 will ALL be paid if he has insurance, because the FAIR TAX is IN the cost.. not in addition to. And, because the 22% currently embedded tax won't be there...the cost difference is negligible.

    I encourage you to read the bill and the supporting research before responding to the FairTax calculator and comparisons with unfounded information. The facts are, the FairTax is the solution we've been looking for, while eliminating the billions in waste on IRS compliance every year.

    Bottom line: you control how much tax you pay, by how much you spend on NEW goods and services after the first $23,000 (for a family of two). Now, if you buy a used car, the tax is ZERO. The cost of heart surgery may not change much, but remember.. the FairTax is IN the cost.. not in addition to.

    ReplyDelete
    Replies
    1. No dumb ass, the cost is not IN the heart surgery costs. If you have heart surgery, you are liable for 40,000 in taxes, no matter if you had insurance or were on medicare.

      Idiot.

      Yeah, i know your dumb ass was told that shit -- none of it's true.

      WHy the FUCK do you think your cult daddy didnt allow anyone to list anything about their consumption?

      Why the FUCK do you think they didn't tell you that shit?

      Because dumb ass, your cult daddy lied to you.

      Delete
    2. And I not only read the bill, my sworn testimony is at Ways Means Committee --

      Also, I put up 50,000 dollars if any of you idiots can show 1 page of that research you yap about, re Fairtax. One fucking page. Where is it? 50K for 1 page of that 22 million in research, about this "very very simple" personal retail sales tax. Where is that research? No where, they have none. The same lying bastards who fooled you about the Fairtax, fooled you with this calculator. Pull your head out of your brainwashed ass, and think. The calucator didnt allow Joe to pat in ANYTHING that mattered. Why the fuck do you think they did that? By accident? By accident they made four caluclators, different look, different supposed group putting it up, and ALL of them used this same fucking trick.

      Tell you what -- go list your own consumption -- surgery or not, and see what your tax would be. Include everything, even the massive tax increases you would have at state and local level,

      You wont be so stupid when you see what your taxes would actually be.

      Delete