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The Ramsey Show Highlights

Ramsey’s Take on Fair & Equitable Taxation

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 22 March 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Ramsey Call of the Day, part of the Ramsey Network.

0:10.7

Joining me today is Ramsey personality, Ken Coleman.

0:15.3

I was wondering if you have an opinion on the proposed Fair Tax Act that would eliminate federal taxes, impose

0:23.5

a national sales tax on new goods purchased, and eliminate the IRS as we know it.

0:28.2

That's the perfect question for the two of us.

0:30.6

I don't know two people that hate taxes more than me and Dave Ramsey.

0:35.2

Well, I've always been a fan of this.

0:37.5

In fact, I lived for years in Atlanta, and Neil Borts, who was a well-known local talk radio guy,

0:43.2

you're probably friends with Neil.

0:44.3

I know Neil.

0:44.7

I know Neil Well.

0:45.3

He was a big proponent of this and wrote a book on a show several times back in the day talking about this.

0:50.0

Yeah.

0:50.4

He had a book.

0:51.2

Best-selling book on this very issue. And I'm not going to endorse the book, nor am I going to endorse the policy,

0:57.9

but I like the direction that it's heading.

1:00.9

And I'll tell you why.

1:02.9

I think a sales tax, it forces the consumer to kind of deal with it,

1:09.7

and it's not the federal government mandating

1:12.0

what is taken from my income.

1:14.4

I like the flat tax idea, which is really the guts of what Neil Borts was kind of proposing,

1:20.7

and that's everybody pays the same tax rate.

...

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