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To: neverdem; Principled; EternalVigilance; phil_will1; kevkrom; Bigun; PeteB570; FBD; Voter#537; ...

The only way to abolish the IRS is to replace the income tax with a National Retail Sales Tax, like the FairTax.

A “Flat Tax” is still an income tax, and the IRS would remain large and intrusive, even in the “Flat Tax” world. IOW, as long as Americans are required to report their income to the government, there would be government poobahs interested in finding out who was telling the truth about their income.

In the FairTax regime, Americans would be encouraged and rewarded for earning as much money as they were capable of, and taxed on it when and only when they consumed it.

Imagine that! Having the FReedom to work, earn, save and invest without government interference!

How much money a working person earned would be nobody’s business but the working person!

The real issue is FReedom, folks.

All else is window dressing.

To find out for yourself how the FairTax works, check it out at http://www.fairtax.org.

We simply must not let this opportunity to abolish the IRS pass us by!


14 posted on 06/04/2013 3:04:03 AM PDT by Taxman (So that the beautiful pressure does not diminish!)
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To: Taxman

The fair tax is the best way to go!


15 posted on 06/04/2013 3:12:35 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: Taxman

Totally agree with your post.


19 posted on 06/04/2013 3:52:08 AM PDT by TangoLimaSierra (To the left the truth looks like Right-Wing extremism.)
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To: Taxman
When I read The FairTax Book in 2007, it was an EYE-OPENING experience for me. It showed that the entire idea of taxing the very process of earning was a terrible idea to start with--one that in the end discourages savings and capital investment, as we all so see clearly with record low savings rate, record amount of debt, and millions of jobs, thousands of factories and hundreds of corporate headquarters all leaving the USA for tax avoidance reasons.

It is time we ditch all of Title 26, the Internal Revenue Code and all its additional rulings in favor of FairTax (H.R. 25/S. 122--yes, it's a real bill in front of Congress). Under FairTax, we get the following advantages:

1. We can get rid of most of the 30,000-plus tax lobbyists--now HALF the lobbyists in Washington, DC--along with the corruption that goes along with it.
2. The tax code will only be just a few hundred pages, so anyone who can read a young adult novel can figure out the code.
3. Its very simplicity means extremely low compliance costs, around 5% of the current circa US$430 BILLION year cost of tax compliance. Imagine freeing up circa US$408 BILLION per year for more productive activities.
4. Millions of jobs, thousands of factories, and hundreds of corporate headquarters return to the USA, because it is tax-advantageous to do so. This means WAY lower unemployment rate and a new residential and commercial real estate boom, not to mention construction jobs as homes, factories and office complexes are refurbished and/or new ones built.
5. With no more incentive to offshore liquid assets for tax avoidance reasons, it means banks on American soil will be fully funded (with most of the estimated US$15 TRILLION in American-owned liquid sitting in offshore financial centers and foreign banks returning to the USA), providing huge stability to these banks and the banks will now have money to lend out for home loans, business loans and business lines of credit.
6. We no longer fear having one of the most unloved of Federal agencies require intimate details of our personal and business finances and the abuse of that agency for political reasons.
7. With no more taxation on savings, capital gains and stock dividend payments, American residents can now create their own private "nest eggs" for retirement and/or older age medical bills. This will TREMENDOUSLY reduce the financial pressure on both Social Security and Medicare.
8. The USA becomes the world's largest flag of convenience for commercial shipping. That could mean shipping ports along the Pacific coast, Atlantic coast, and Gulf of Mexico coast will boom as ships will be built and repaired there again on a large scale.
9. It would hugely attract foreign investment. Companies like Samsung, Foxconn, Siemens, and even Airbus would rush to the USA to establish US-based manufacturing and assembly plants.

So what are we waiting for?

27 posted on 06/04/2013 4:54:05 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Taxman

the fair tax will also take the money away from buying votes and turn charitable giving into a volunteer donation... recipients showing gratitude once again, instead of entitlement mentality.

teeman


40 posted on 06/04/2013 7:13:07 AM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world.)
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