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Keyword: fairtax

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  • Tempers flare at IRS hearing

    02/12/2016 4:25:58 AM PST · by HomerBohn · 18 replies
    The Hill ^ | 2/11/2016 | Naomi Jagoda
    A heated argument erupted Thursday at a hearing on the IRS, with Democrats and Republicans trading charges about the work of the Oversight Committee. Two Democrats on the panel accused their GOP colleagues of repeatedly holding hearings on the IRS for political reasons. In his opening statement, Oversight Committee ranking member Rep. Elijah Cummings (D-Md.) complained that the hearing was the 23rd held about the IRS in recent years. "Unfortunately, Republicans have become obsessed with investigating any and every allegation relating to the IRS, no matter how small," he said. He said Republicans are frustrated that they have never found...
  • Why Warren Buffett Is a World-Class Con Man

    12/01/2015 10:28:57 AM PST · by Vigilanteman · 13 replies
    InvestmentU.Com ^ | 1 December 2015 | George Everett
    Polls regularly show that investor Warren Buffett is one of the most trusted men in America. What a crock. The man is an imposter, a four-flusher and a humbug. And I can prove it. If you’re skeptical, maybe that’s because - like mushrooms - you’ve been kept in the dark and fed a lot of horse manure. Too many people believe what they hear in the mainstream media. They listen to the lying politicians - that’s 98% of them - in both parties. And they swallow a lot of nonsense from self-styled investment “experts.” (I’ll have a lot more to...
  • The Poor in the US Are Richer than the Middle Class in Much of Europe

    10/18/2015 2:44:21 PM PDT · by expat_panama · 35 replies
    Mises Wire ^ | October 16, 2015 | Ryan McMaken
    In this week's debate, Bernie Sanders claimed that the United States has the highest rate of childhood poverty. CBS reports that Sanders said: "We should not be the country that has the highest rate of childhood poverty of any major country and more wealth and income inequality than any other country," As even CBS notes, according to UNICEF, which is probably the source of Sanders's factoid, the US has lower childhood poverty rates than Greece, Spain, Mexico, Latvia, and Israel, all of which are OECD countries or regarded as peer countries. The US rate (32.2 percent) is also more or...
  • Pew poll: Trump leads GOP field by nine as Jeb Bush crashes into sixth place with four percent

    10/02/2015 11:56:03 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 10/02/2015 | AllahPundit
    Four percent, guys. To put that in perspective, Scott Walker was still pulling five percent in one poll released less than a week before he dropped out of the race.Every now and then, just for a fleeting moment or two, I put away my fatalism and consider that maybe the Republican establishment can’t nominate anyone it wants. And then the moment passes and I return to reality.As for Trump, there’s been a raging debate for the past three months between people who think his surge is due to a cocktail of populism, “white identity politics,” and sheer alpha-male bravado...
  • Analysis: The good and the bad of Donald Trumps personal income tax policy

    09/28/2015 7:57:43 PM PDT · by SeekAndFind · 43 replies
    Hotair ^ | 09/28/2015 | Taylor Millard
    I wrote earlier today how Trump could “surprise me in a good way” over his tax plan, and you know, he did. His personal income tax reform plan for people who don’t have stocks is really simple and something which he should be praised for.The simplification is really good and is a lot easier than the current system. Good on Trump for doing this. From a personal standpoint, I prefer either a very low flat tax (7%) or zero income tax at all. But the income tax part of Trump’s plan isn’t bad at all. I’m still not sure...
  • [Trump, Pay Attention]: Bush's Tax Plan Goes Long Way Toward Restoring 4% Growth

    09/10/2015 7:17:34 AM PDT · by Jim 0216 · 98 replies
    Investor's Business Daily ^ | 09/09/2015 | LAWRENCE KUDLOW AND STEPHEN MOORE
    Bush's plan starts by slashing tax rates. He'd return to the top personal income tax rate of 28% that America had when Ronald Reagan left office. That top rate, by the way, was a true bipartisan reform designed in part by congressional Democrats like Bill Bradley and Dick Gephardt. The rate has since migrated up to 42%, with many Democrats longing to tax the rich well above 50%. Middle-class tax rates would fall to 10% for families with incomes up to $89,000 and to 25% for incomes up to $163,800. For singles, the thresholds are lower. But the thresholds are...
  • Jeb Bush: People Need to Work Longer Hours

    07/08/2015 4:57:12 PM PDT · by jimbo123 · 75 replies
    ABC News ^ | 7/8/15 | CANDACE SMITH
    Today, Republican presidential candidate Jeb Bush, who as of-late has gone relatively gaffe-free, uttered a phrase that may not go over too well with the constituency he seeks to reach. During an interview that was live-streamed on the app Periscope, Bush told New Hampshires The Union Leader that to grow the economy, people should work longer hours. He was answering a question about his plans for tax reform and responded: My aspiration for the country and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a...
  • Jeb Bushs Big Lehman Brothers Problem

    07/12/2015 7:15:28 AM PDT · by jimbo123 · 26 replies
    Daily Beast ^ | 7/2/15 | Charles Gasparino
    Jeb Bush says he released 33 years of tax returns this week because he wants to be the most transparent candidate to run for president in 2016. But if thats really the case, why is he continuing to obfuscate some of his most lucrative and potentially controversial business dealings he had before announcing his candidacy, like his work as an adviser for investment bank Lehman Brothers? So, if Jeb wont tell you what Jeb exactly did while working on Wall Street, in the interests of transparency and disclosure, I will try. Not much is known about what Bush actually did...
  • Jeb takes a swipe at Hillary by releasing 33 years of personal tax returns

    06/30/2015 5:20:41 PM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 06/30/15 | Robert Laurie
    Record-breaking transparency. Jeb takes a swipe at Hillary by releasing 33 years of personal tax returns Dont look now, but Jeb Bushs campaign is about to set a record in terms of releasing tax information. This afternoon, Bush will release 33 years worth of personal income tax returns via his website. Thats more than any other would-be nominee ever - by a wide margin. Only Bob Dole and John Kerry came close to this total, and the Bush release will outpace both of them by double digits. As the AP reports: Republican presidential candidate Jeb Bush plans to release 33...
  • Jeb Bush says he would back tax increases to reduce deficit

    06/02/2012 3:18:55 PM PDT · by WilliamIII · 53 replies
    Bloomberg/Washington Post ^ | June 1, 2012 | Brian Faler
    June 1 (Bloomberg) -- Former Florida Governor Jeb Bush, in a break with his party, said he could support tax increases to help reduce the federal governments budget deficit. The brother of former President George W. Bush told a congressional panel in Washington today that he could back a theoretical deficit-reduction package that would include $1 in tax increases for every $10 in spending cuts. 1 Comments Weigh InCorrections? Personal Post More from PostPolitics Obama: From dove to tough guy Aaron Blake JUN 1 THE FIX | When it comes to foreign policy, Obamas image is starting to look a...
  • Opinion: The far right fears Jeb Bushs success

    02/23/2015 12:18:41 PM PST · by 2ndDivisionVet · 60 replies
    Market Watch ^ | February 23, 2015 | Paul Brandus, White House bureau chief, West Wing Reports
    One of the more memorable moments during the last presidential campaign was a GOP debate in August, 2011. Foxs Bret Baier asked the eight candidates if they would agree to $1 in new taxes for every $10 in spending cuts. Not one person raised his (or her) hand. Ronald Reagan, George H.W. Bush, and Richard Nixonall tax hikers at one point or another during their presidencieswould have raised their hands, and might have been booed off stage. Thats how much the Republican party has changed. Which brings us to Jeb Bush. During his eight years as governor of Florida (1999-2007),...
  • High-income Americans pay most income taxes, but enough to be fair?

    10/18/2015 2:15:59 PM PDT · by expat_panama · 9 replies
    Pew Research Center ^ | March 24, 2015 | Drew DeSilver
    Americans dont much like the federal tax system, a recent Pew Research Center report finds. But its not, as you might imagine, because they think they pay too much. Rather, they think people other than themselves dont pay their fair share.Some six-in-ten Americans in the Pew Research survey said they were bothered a lot by the feeling that some wealthy people and some corporations dont pay their fair share. Only 27% cited their own tax bills as something that bothered them a lot, even though 40% thought they paid more than their fair share given what they get from...
  • Donald Trump: Tax the Rich More

    08/28/2015 12:18:58 PM PDT · by z taxman · 170 replies
    CNN ^ | Aug. 28, 2015 | Heather Long
    Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat. America has now learned: -- He wants to tax the rich more and the middle class less. -- He wants to lower corporate taxes. -- He wants to cut government spending and stop raising the debt ceiling. "The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class." In short, Trump is willing to raise taxes on...

    08/22/2015 4:25:30 PM PDT · by Hojczyk · 67 replies
    Breitbart ^ | August 22, 2015 | IAN HANCHETT
    16 Republican presidential candidate Donald Trump declared, I think flat tax is okay on Fridays broadcast of the Matt Murphy Show on Birmingham, ALs WAPI. Trump said, Who knows taxes better than me? He continued, You know, when they talk about fixing the tax, its so complicated, that people have to go and use H&R Block to do a $50,000 a man who makes $50,000 has to spend money . Host Matt Murphy then cut in to ask Trump if he supports the fair tax. Trump answered, Well, I think fair tax is okay. And I think flat tax...

    08/11/2015 6:05:11 AM PDT · by Hojczyk · 66 replies
    Breitbart ^ | August 11, 2015 | by IAN HANCHETT
    Republican presidential candidate Donald Trump stated that on taxes he supports, simplifying the tax code and wants to reduce taxes on Tuesdays broadcast of the Fox News Channels Fox & Friends. Although, he later added on CNNs New Day that I know exactly what I want to do, I just dont want to announce it yet. Asked about his tax plan, Trump said, You have so many plans Steve, and you have the Fair Tax, and you have the flat tax, and you have the current system, but its too complicated. Frankly, what we should do isstart it off by...
  • Abolishing the IRS: Is 99% Good Enough?

    05/20/2015 11:40:15 AM PDT · by Kaslin · 15 replies ^ | May 20, 2015 | Barney Brenner
    The Republican presidential field is talking tax reform. (Beware the deceitful cries from the left of tax cuts for the rich.) Several candidates favor some kind of flat tax on income and at least one, Mike Huckabee, likes the Fair Tax, a proposed levy on consumption, which seeks to do away with most or all other federal taxes. The former is often portrayed as a system where the poor are disproportionally burdened and the latter as one where a federal monitoring agency, such as the IRS, is no longer needed. Neither portrayal is accurate. The debate boils down to whether...
  • Would the Real Mike Huckabee Please Stand Up?

    05/07/2015 7:41:33 PM PDT · by 2ndDivisionVet · 33 replies
    Tax Justice Blog ^ | May 7, 2015 | Richard Phillips, Research Analyst at CTJ
    Despite having a relatively moderate record on tax policy as the governor of Arkansas, Mike Huckabee has wholeheartedly embraced a radically regressive tax plan as a central plank of his presidential candidate platform. For years, Huckabee has been one of the main proponents of the Fair Tax, a plan that would replace all federal taxes with a national sales tax. Citizens for Tax Justice and the congressional Joint Committee on Taxation have each found that to raise the same amount of revenue as current law, the sales tax rate would have to be about 50 percent. A study by the...
  • The Lee-Rubio tax blueprint

    03/18/2015 12:48:39 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Washington Times ^ | March 17, 2015 | Allen West
    Republican Sens. Mike Lee of Utah and Marco Rubio of Florida have released a blueprint for federal tax reform called The Economic Growth and Family Fairness Tax Plan. First, we should not embrace the language of progressive socialism in believing tax reform should have as a goal to advance family fairness. The plan should simply be entitled The American Growth and Opportunity Plan. That said, the Lee-Rubio plan is a great improvement over the current system. For the individual tax structure, the plan introduces a two-tier system to replace the current seven tax brackets. This plan moves America from a...
  • Ted Cruz's Best Idea Yet: Reform Taxes And Abolish IRS

    01/15/2015 7:13:15 PM PST · by 2ndDivisionVet · 44 replies
    Investor's Business Daily ^ | January 15, 2015 | Editorial Staff
    Tax Reform: Texas Sen. Ted Cruz, a possible Republican presidential candidate in 2016, might have hit on the most important fiscal issue facing the U.S.: the need for major tax reform. But he takes it a step further. Speaking Monday, the senator from Texas threw another thunderbolt: Republicans should use their control of Congress to get rid of the Internal Revenue Service. "We need to pass fundamental tax reform making our tax code simpler, flatter, fairer," he told a crowd at a Heritage Foundation event. "And I'll tell you, the single most important tax reform, we should abolish the IRS."...
  • The IRS Must Be Put Down Like a Rabid Dog

    12/20/2014 3:12:44 PM PST · by smoothsailing · 47 replies
    The Blaze ^ | 12-17-2014 | John Linder
    ContributionThe IRS Must Be Put Down Like a Rabid Dog Dec. 17, 2014 3:25pm John Linder John Linder served in Congress for 18 years from Georgia. He and his wife, Lynne, have retired to a farm in Northeast Mississippi. Since it was first disclosed that the IRS abused the taxpayers and the law, the Democrat refrain has been, it is clear that there was no White House involvement Well, now it is clear that there was White House involvement, but it is against the law to disclose it.A watchdog group, Cause of Action, filed a Freedom of Information Act...
  • Time for the Fair Tax; Ted Cruz is a sponsor

    11/03/2014 9:13:54 AM PST · by redinIllinois · 134 replies
    good article by Neal Boortz THE FAIR TAX WOULD BE THE BIGGEST TRANSFER OF POWER FROM DC BACK TO THE PEOPLE IN THIS COUNTRY'S HISTORY A flat tax is still an income tax, and would leave the IRS in place. It punishes productivity, and fails to capture any revenue from the illegal aliens and illegal activities like drugs and prostitution because most of them don't report their income, but they buy stuff, so with the Fair Tax, they would start paying a share. The IRS tried to take out the Tea Party, it would be sweet vengeance...
  • FairTax and unFair Movie Update

    09/10/2014 6:56:04 PM PDT · by Taxman · 59 replies
    Tennessee Valley Republican Club ^ | 11 June 2014 | Written by Ralph Weber
    A team of acclaimed filmmakers is spearheading Unfair, a ninety minute documentary motion picture intended for all audiences. It will be the first major theatrical documentary to shed light on the certain damage the Income Tax and the IRS have wrought on our liberties, our businesses, our families, and our religious, charitable and civic organizations, while empowering a political agenda contrary to Americas heritage. This film will be promoted to mainstream audiences based on its factual and dramatic content. In addition, the Picture will be marketed heavily to interested grassroots audiences that identify themselves strongly with any and all of...
  • No, the IRS cannot be fixed --- it must be abolished and replaced with the Fair Tax

    08/03/2014 11:56:20 AM PDT · by PoloSec · 35 replies
    Washington Examiner ^ | August 3 2014 | Washington Examiner Staff
    A Washington Examiner article asks Can the IRS be fixed, or should it just be abolished? The answer is clear to anybody who has followed the IRS scandal or filed a federal tax return. Washingtons individual income tax and its enforcement agency, the IRS, cannot be fixed, repaired, reformed or rehabilitated. They are a cancer eating away at this nation, her taxpayers and our economic engine. Congress created the income tax in 1913, and for 100 years the IRS has operated exactly as intended, as an agent of control with total impunity, even down to the political targeting of individuals...
  • US Jobless Claims Jumped 14,000 To 344,000 In April 26 Week

    05/01/2014 6:41:18 AM PDT · by SeekAndFind · 12 replies
    WASHINGTON (MNI) - Initial claims for U.S. state unemployment benefits jumped for the second straight week in the April 26 week, climbing by 14,000 to 344,000, the Labor Department reported Thursday. The Labor Department said there were no special factors, however, the latest report reflects a second straight week of a double digit increase in initial claims which are now at the highest level since February 22 week when they were 351,000. Expectations for this week's report was for a claims level of 320,000, which would have been a 9,000 decrease from the previously reported 329,000 level in the April...
  • 62 Percent of Americans Say They Favor a Flat Tax

    04/19/2014 11:09:17 AM PDT · by SeekAndFind · 48 replies
    REASON ^ | 04/19/2014 | Emily Ekins
    The latest Reason-Rupe poll asked Americans if they would support or oppose changing the federal tax system to a flat tax, where everyone pays the same percentage of his or her income, finding that 62 percent favor the flat tax and 33 percent are opposed. When asked where they would set the flat tax, the aveage response was 15 percent.This reflects another recent Reason-Rupe poll finding that 67 percent of Americans say it is "not the responsibility of the government to reduce the differences in income between people with high incomes and those with low incomes," while 29 percent...
  • A FairTax question - are investment transactions included as taxable end-user purchases? (vanity)

    04/08/2014 9:36:35 AM PDT · by lump in the melting pot · 5 replies
    my lumpy little brain | 04/08/2014 | me
    An honest inquiry. I'm a big supporter of tax reform in general, and the FairTax in particular sounds like a very good proposal to me. Query as to whether investment purchases (stocks / bonds / ETFs / etc.) are included in the FairTax plan, and if so, at what rate (same as consumer purchases or different)? Opinions welcome as to whether this is or is not a good idea (increased tax base plus encouraging investing as a long-term purchase, vs. possible detriment to the financial market)? Thanks in advance, the lump.
  • Underwhelmed: Grading the New Tax Reform Plan

    02/28/2014 9:19:07 AM PST · by Kaslin · 1 replies ^ | February 28, 2014 | Daniel J. Mitchell
    To make fun of big efforts that produce small results, the famous Roman poet,Horace, wrote The mountains will be in labor, and a ridiculous mouse will be brought forth. That line sums up my view of the new tax reform plan introduced by Congressman Dave Camp, Chairman of the House Ways & Means Committee. To his credit, Congressman Camp put in a lot of work. But I cant help but wonder why he went through the time and trouble. To understand why Im so underwhelmed, lets first go back in time. Back in 1995, tax reform was a hot issue....
  • A Conservative View of Dave Camps Tax Reform Bill

    02/27/2014 5:39:24 AM PST · by xzins · 8 replies
    RedState ^ | February 27th, 2014 | Daniel Horowitz
    Congressman Dave Camp (R-MI), the House Ways Committee Chairman, released his draft proposal for comprehensive tax reform. The mere proposition of positive tax reform is a welcome development. Even though we clearly lack the votes to enact any tax reform until at least 2017, it is still important to stand on bold colors and offer an alternative vision to the current socialist path from this administration. On the other hand, if we are going to propose Republican ideas for tax reform just for messaging purposes, we should put forth the boldest tax plan possible – one that embraces completely the...
  • Tax Neutrality Key to Pro-Growth Economy

    08/12/2013 12:39:42 PM PDT · by ThethoughtsofGreg
    American Legislator ^ | 8-12-13 | Will Freeland
    The American Legislative Exchange Council released today a letter signed by nearly 300 state legislators from 39 states that expresses dismay over Senator Durbins letter inquiring into businesses and organizations participation in the American Legislative Exchange Council. The letter follows a statement released Friday by the American Legislative Exchange Council expressing concern over Senator Durbins inquiries. The letter, sent to all members of the U.S. Senate Judiciary Committee Subcommittee on the Constitution, Civil Rights and Human Rights, can be accessed here.
  • Ted Cruz: 'We need to padlock and shut down' the IRS

    07/02/2013 4:06:09 AM PDT · by onyx · 78 replies
    Sen. Ted Cruz is joining Tea Party activists in calling on Congress to abolish the Internal Revenue Service as the freshman lawmaker made the case from tax reform. The Texas Republican on Monday said news that the IRS targeted the nonprofit applications of conservative-leaning political groups was an "inspiration" because of how it has sparked "normal American citizens that are standing up for liberty." In the wake of the IRS scandal, Tea Party groups have repeatedly called for the agency to close its doors, and Cruz, a hero of the conservative movement, echoed their sentiments. "It is a challenge that...
  • Reports: IRS Targeting Was Broader, Lasted Longer Than Previously Disclosed

    06/24/2013 7:53:40 PM PDT · by EXCH54FE · 15 replies
    Town Hall ^ | June 24, 2013 | Guy Benson
    Who's ready for another major shift in the IRS' official story? In recent days, Darrell Issa's Democratic counterpart on the House Oversight Committee, Elijah Cummings, has been telling anyone who will listen that Congress' IRS "witch hunt" is over and resolved. His absurd assertions -- from which he's edged away slightly -- smack of desperation, especially considering that new developments continue to arise. Why, here's one just now, and it's a biggie: The Internal Revenue Service's screening of groups seeking tax-exempt status was broader and lasted longer than has been previously disclosed, the new head of the agency said Monday....
  • IRS Refunds Tens Of Millions Of Your Tax Dollars To Illegal Aliens

    06/22/2013 6:37:38 AM PDT · by EXCH54FE · 37 replies
    Freedom Outpost ^ | June 22, 2013 | Suzanne Hamner
    While many Americans struggle to earn a living or barely scrape by on unemployment and live in fear of IRS audits, illegal aliens and non-resident aliens have gained cumulative millions off our taxpayer money. According to the Treasury Inspector General for Tax Administration (TIGTA), in 2011, the IRS sent more than $46 million in tax refunds to 23,994 unauthorized alien workers who all listed the same address in Atlanta, GA. The Atlanta address wasnt the only one that received millions in tax refunds housing thousands; there were actually four addresses in Atlanta and six in other states that were issued...
  • North Carolina picks prosperity through pro-growth tax reform

    06/20/2013 8:41:39 AM PDT · by ThethoughtsofGreg · 3 replies
    American Legislator ^ | 6-20-13 | William Freeland
    Both houses of the North Carolina legislature are currently considering competing bills that lower taxes by $1 billion or more over the next five years, move the state to a pro-growth flat rate income tax system, and slash tax rates on businesses and North Carolina families. Both proposals have incredible potential to supercharge economic growth in North Carolina, leading to higher job creation and higher income growth across the income spectrum. ALECs Rich States, Poor States Economic Outlook Index measures a states future growth prospects given the states current public policy environment. The 6th Edition of Rich States, Poor States...
  • Answering Greg Gutfeld's Question

    06/14/2013 9:19:17 AM PDT · by EXCH54FE · 12 replies
    American Thinker ^ | June 14, 2013 | Jeanne C Minton
    Greg Gutfeld opened the June 6th broadcast of The Five by talking about the IRS scandal and asking "What can we do as Americans right now? This seems like a golden opportunity to go after a bloated bureaucracy, clean it out and create something." The answer is to spark a national protest demanding limited government by doing 3 things: First, unhide our taxes. Even the 47% who don't pay federal income tax pay taxes. During the 2012 Presidential campaign, Mitt Romney said "There are 47% of the people who will vote for the president, no matter what..." and "These are...
  • Video: Fair Tax group makes argument handed to it on silver platter by IRS

    06/13/2013 12:30:28 PM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 06/13/2013 | Ed Morrissey
    The Fair Tax didn't get a lot of support in two different presidential-primary cycles. Mike Huckabee tried to win the Republican nomination on the Fair Tax platform in 2008, and Herman Cain tried again in the 2012 cycle with a modified approach to it in his 9-9-9 plan. It didn't have enough political juice to create momentum for either candidate — but that was before the exposure of political corruption at the IRS reaching all the way to its headquarters in Washington DC. Suddenly, any plan that eliminates the IRS looks better, and Americans for Fair Taxation strikes while the...
  • Fundamentally Transformative Tax Reform

    06/11/2013 6:05:49 AM PDT · by EXCH54FE · 12 replies
    Freedom Outpost ^ | June 11, 2013 | Andy Withers
    Our new tax system must be very simple and highly transparent to the average taxpayer. NO more vicious IRS attacks against taxpayers (garnishment of wages, freezing assets, interviewing employers, family, or friends). NO more need for interpretation of convoluted, ambiguous or lengthy regulations. NO more manipulation of Congress by lobbyists for benefit of special interests. NO more manipulation of IRS by Congress or the White House for political benefit. NO annual individual tax filing should be required. No rules to read and comprehend, no shoebox of receipts to keep, no tax software to buy, no tax accountant to hire, no...
  • Our new tax code: Pick one!

    06/09/2013 10:36:26 AM PDT · by EXCH54FE · 54 replies
    Canada Free Press ^ | June 9, 2013 | Herman Cain
    It is way past time to stop talking about replacing the tax code, and to start talking about what to replace it with. The good news is that there are three great options for replacing our complex, unfair and outdated century-old tax code. Only a fool or a power hungry bureaucrat would want to keep the complex, unfair 74,000-page tax code we have today. Here is a brief description of each great plan: The Fair Tax, the Flat Tax, and the 9-9-9 Plan. Fair Tax The FairTax is a revenue-neutral, single-rate, federal retail sales tax collected only once, at the...

    06/04/2013 9:45:02 AM PDT · by Dick Bachert · 27 replies
    Not known | Unknown | W, CLEON SKOUSEN
    THE HISTORY OF THE SIXTEENTH AMENDMENT by Dr. W. Cleon Skousen Strange as it may seem, the Sixteenth Amendment (which gave the American people the affliction of confiscatory income taxes) was never supposed to have passed. It was introduced by the Republicans as part of a political scheme to trick the Democrats, but it backfired. Here's the story. The Founding Fathers had rejected income taxes (or any other direct taxes) unless they were apportioned to each state according to population. Nevertheless, an income tax was levied during the Civil War and upheld by the Supreme Court on the somewhat tenuous...
  • What is the purpose of a tax system?

    06/01/2013 8:44:48 AM PDT · by EXCH54FE · 22 replies
    Watch Dog Wire ^ | May 30, 2013 | Steve Hayes
    In 1913, the United States passed the 16th Amendment and then enacted the income tax. Intended as a way of replacing revenues because of the perceived need to reduce the income from tariffs, it was only intended to apply to the wealthiest of the citizens. However Congress saw the potential advantages of the income tax to reward their friends and influence behavior. One of the reasons that Karl Marxs Communist Manifesto insisted on a a heavy progressive or graduated income tax is that an income tax allows a government to directly control people much more than any other form of...
  • Renegade IRS is making even 'extreme' ideas seem rational

    06/01/2013 8:27:33 AM PDT · by EXCH54FE · 32 replies
    News Sentinel ^ | May 30, 2013 | Kevin Leininger
    This could be the largest transfer of power (in American government) since the Revolutionary War, Armstrong told members of the Anthony Wayne Rotary Club Wednesday, referring to the so-called Fair Tax, which would essentially replace federal income taxes with a national sales tax. With allegations of Nixon-style skullduggery making headlines on a seemingly daily basis, there's no denying the appeal of what may be the Fair Tax's most revolutionary feature: The elimination of the IRS. Extreme? Compared to what? The fact that one president has already faced impeachment for abusing the agency's awesome power and that current IRS has been...
  • AFFT Calls on Congress to Eliminate IRS Targeting by Enacting the FairTax(R)

    05/23/2013 7:42:09 AM PDT · by EXCH54FE · 75 replies
    Globe News wire ^ | May 16, 2013 | Americans For Fair Taxation
    Americans For Fair Taxation (AFFT), outraged by the Internal Revenue Service's (IRS) continued political abuse and intimidation of citizens and organizations, is calling on Congress to immediately enact HR 25 / S 122, the FairTax Act of 2013 and phase out the Internal Revenue Service (IRS). "No person or group is safe from IRS targeting; everyone is a bull's eye," said AFFT spokesperson Cynthia T. Canevaro. She added, "The agency, with over 90,000 employees and an annual budget in excess of $12 billion, has historically been the ultimate tool of extreme political manipulation by politicians of both major parties. That's...
  • IRS Scandal Is The Latest Evidence That We Need A Fair Tax

    05/23/2013 7:17:01 AM PDT · by SeekAndFind · 47 replies
    Forbes ^ | 05/23/2013 | Louis Woodhill
    On the surface, conservatives and progressives seem to be in agreement about what should be done about the IRS scandal: Larry Kudlow: must find out exactly what happened and who was involved, and then come up with a fix so it never happens again. Steven Rattner: the matter needs to be fully investigated, those responsible need to be held accountable and procedures need to be put in place to ensure that nothing like this can happen again. However, abuse of IRS power has been going on for almost 80 years. It began under FDR, not long after the IRS was...
  • S 122 - A bill to abolish the IRS and establish a sales tax

    05/21/2013 8:10:25 AM PDT · by Westbrook · 57 replies
    Vanity ^ | May 21, 2013 | Westbrook
    S. 122: Fair Tax Act of 2013 Summary: A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. More info ... 93% support out of 836 votes as of this post.
  • IRS- Shut Em Down, Start Over

    05/15/2013 4:32:30 PM PDT · by EXCH54FE · 36 replies
    Freedom Outpost ^ | May 15, 2013 | Andy Withers
    The FBI has begun an investigation of this IRS thuggery, and Congress has already scheduled hearings. While these actions are both necessary and proper, they will not fix the underlying problem. This kind of abuse should have every American screaming bloody murder, and demanding serious and lasting reform. So, how should we fix a mammoth, arrogant, out-of-control bureaucracy? No federal thugs responsible for taxation should ever be loosed on private citizens or groups to limit their free exercise of First Amendment rights. Simply telling the IRS dont do that is patently insufficient. Laws already exist for exactly that purpose, and...
  • Expose Obamas abuse, then de-fang the IRS

    05/13/2013 7:19:14 AM PDT · by EXCH54FE · 12 replies
    Canada Free Press ^ | May 13, 2013 | Herman Cain
    Just an IRS demand for documents can virtually cripple an organization that can find itself needing to bring all hands on deck to comply with the demand. The White House will claim, of course, that it had nothing to do with this and was completely unaware of it. Congress should certainly not accept that claim on its face. House Republicans should stop at nothing to bring the truth about this matter to light, because most Americans dont realize the power the IRS has to harass ordinary citizens. Do we have evidence that the Obama political team drove this in any...
  • IRS Now Robo-audits Your Spending

    04/09/2013 5:33:47 AM PDT · by Kaslin · 56 replies ^ | April 9, 2013 | Chuck Norris
    These are the types of invasive tax maneuvers that boiled the blood of our Founding Fathers. But there's still a way out of all our Internal Revenue Service wars and woes. U.S. News & World Report highlighted some more encroaching news this past week in the article "IRS High-Tech Tools Track Your Digital Footprints." The IRS is "collecting a lot more than taxes this year," the report explained. "It's also acquiring a huge volume of personal information on taxpayers' digital activities, from eBay auctions to Facebook posts and, for the first time ever, credit card and e-payment transaction records." It...
  • Tax Bills For The Rich Near 30-Year High

    03/03/2013 12:35:21 PM PST · by tobyhill · 4 replies
    KWTX ^ | 3/3/2013 | staff
    Although Washington is gridlocked again over whether to raise taxes on the rich, wealthy families are already are paying some of their biggest federal tax bills in decades, while the rest of the population continues to pay at historically low rates. A new analysis shows that average tax bills for high-income families rarely have been higher since the Congressional Budget Office began tracking the data in 1979.
  • Push for online sales taxes picks up steam in Congress

    02/15/2013 3:27:45 PM PST · by CutePuppy · 23 replies
    Chicago Tribune ^ | February 14, 2013 | Reuters
    U.S. states could collect millions of dollars in online sales taxes, with members of both parties in Congress sponsoring legislation Thursday that would resolve states' decades-long struggle to tax businesses beyond their borders. "Small businesses and states alike are suffering from the inability to collect due not new taxes from purchases made online," said Rep. Steve Womack, R-Ark., adding the legislation is a "bipartisan, bicameral, common-sense solution that promotes states' rights and levels the playing field for our Main Street businesses." Legislation on the Amazon tax, named for the colossal Internet retailer, has languished for years. ..... <...
  • Will President Obama Sit Down With Me To Discuss the FairTax?

    02/08/2013 8:17:59 AM PST · by Kaslin · 24 replies ^ | February 8, 2013 | Neal Boortz
    When someone says First Amendment you immediately think about your right to free speech, or perhaps freedom of religion. The First Amendment actually goes beyond that. For those of you who attended government schools, its time for a refresher. Heres the actual wording: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. Most people have a handle on the free speech, freedom of religion...
  • The 2013 Sword of Damocles (Fairtax)

    11/09/2012 8:08:31 AM PST · by Hostage · 16 replies
    Vanity ^ | 11/9/2012 | Hostage
    In the aftermath of a surreal election shock, those that ponder how to organize their way forward should heed this plea to familiarize themselves with every detail and nuance of the most innovative and inspirational legislation that has more support in Congress than all other competing proposals. Here is an easy intro link: Like the Sword of Damocles in Greek mythology, the FairTax can be held over the heads of those that have ascended the throne of the most powerful nation under God that has ever existed in human history.