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To: NoObamaFightForConservatives; gaijin
10% Sales Tax, that is, along with ABOLISHING THE IRS...
12 posted on 05/27/2009 2:44:16 PM PDT by Jim W N
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To: Jim 0216

The IRS will never be abolished stop posting Obamafalsehope.


19 posted on 05/27/2009 2:48:01 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Jim 0216

The solution is the FairTax -— www.fairtax.org

There are bills pending in both the House and Senate aimed at eliminating the federal income tax and the IRS, replacing revenue with a national retail sales tax. This would be a tax on consumption, not production. Consumers could control the amount of taxes they pay by adjusting their spending habits. It would encourage savings and investment, and result in an unprecedented economic boom in the U.S. There are no loopholes, no tax returns for individuals or business. The sales tax would be collected by the States using their existing mechanism, and the States would then forward the federal portion to the U.S. Treasury.

The FairTax means no federal withholding tax, no Social Security tax withheld from salaries, and no Medicare tax withheld from salaries. Some 60,000 pages of IRS code, regulations, instructions and forms goes into the trash can, along with at least $250 billion a year that individuals and businesses currently pay just to comply with the obscenely complex federal income tax system.

Tourists coming to the U.S. would pay the tax. Illegal immigrants and other crooks could not escape the tax when the purchase goods and services, except to the extent they use a black market for certain items.

Many people say the FairTax will never get enacted. I suppose the same people didn’t believe the Evil Empire (USSR) would now be history as a result of President Reagan’s bold initiatives.


48 posted on 05/27/2009 5:32:48 PM PDT by pleikumud
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