Posted on 11/24/2007 6:33:37 AM PST by Man50D
(3) Long-Term Reform – Enact the FairTax. I strongly endorse the FairTax, the only sensible, comprehensive tax reform legislation pending today which will change a broken system and end our citizens’ hopelessly confusing relationship every April with the Internal Revenue Code. The FairTax embraces principles of economic freedom and liberty and treats all Americans equitably. The FairTax will abolish all personal and corporate income taxes, the death tax, the capital gains tax and self-employment taxes. The FairTax would tax every American on what he or she chooses to spend with a rebate to ensure that no one pays taxes on spending up to the poverty level. Every hard-working American will see the benefits of the FairTax immediately, because every citizen keeps 100 percent of his or her paycheck. Workers keep what they earn, and entrepreneurs will have the resources necessary to create jobs, develop new technologies and compete in the global economy. This system will encourage hard work and savings and will end a system that allows tax cheats, drug dealers, pimps and prostitutes to escape the tax burden that the rest of Americans shoulder for them. The FairTax, supported by Republicans and Democrats alike, needs to be a cornerstone of our long-term federal tax policy and must be a priority for the next Congress.
(Excerpt) Read more at lauzen2008.com ...
Fair Tax ping!
See:
http://www.freerepublic.com/focus/f-news/1929458/posts
(closer to the truth)
Momentum.
Destined to fail if the bureaucrats and the spenders set the new rules. Like setting the "poverty rate".
The two areas I see as ripe for the traditional abuse is what is taxed? And what is the poverty level?
In addition, every resident who pays no tax will support every new abuse to the "improved" system, if they continued to be allowed to vote. Not being able to vote is the price you pay for being kept as a pet forever.
Exactly what I have been trying to say only said better than I ever could. FairTax = Joke
To anyone with an IQ over 100, this is obvious.
Unfortunately, half the population has an IQ less than 100, and many of them believe that the politicians are looking out for their interests (these people are called morons). Add them to the sociopaths, the politicians (many of whom ARE sociopaths), the rest of the self-serving, the drug-dazed, the apathetic, and those who, for whatever reason, lack the wit to comprehend reality (these people are called nutcases, psychotics, or merely the delusional), and more than half of the populations LOVES the incomprehensable tax system just as it is--A CASHCOW FOR THE POLITICIANS.
You'd stand a better chance of pulling the politicians' teeth that getting this cashcow away from them.
They LOVE it. It makes them rich and powerful! It KEEPS them rich and powerful!
Lauzen is wrong on this point. It will rebate taxes on necessities up to the poverty level. They will not receive a rebate on any other items.Shame on you. You know that isn't true.
Then please enlighten us. What is the truth?
Little touchy aren’t they?
lol
bump to you post.
FYI
Livelihoods at stake?
They receive a rebate on whatever they decide to spend it on. Some unemployed bum can spend his rebate of $3000 or whatever it will be, all on booze.
You'd stand a better chance of pulling the politicians' teeth that getting this cashcow away from them. They LOVE it. It makes them rich and powerful! It KEEPS them rich and powerful!
The same us true of Trial Lawyers and their Cashcow, viz. the Medical Malpractice Scam, that has priced medical care out of reach of everyone.
It would be easier to pull the Trial Lawyers' teeth than to get THIS Cashcow away from them!
They love it! It makes the RICH! It keeps them RICH!
Man50d:"They will not receive a rebate on any other items."
The truth is you'd get a rebate even if you never spent a dime...If that's not the truth list the taxable "items" you would receive a rebate for buying...Please be specific.
Livelihoods at stake?No, just keeping you Fairtax clowns honest...as if that's possible.
groanup: (Lawyers never create anything, especially wealth, but they sure steal a lot of it.)
Does everyone create something? What do you create exactly?
Yes you would get a rebate if you never spent a dime. Kind of like now, under the income tax, the way you get a tax credit for income you never earned. And if you don't owe and have never paid any tax PRESTO you get a refund anyway.
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