Posted on 09/16/2005 5:15:32 PM PDT by Man50D
Ping.
The bill makes very good sense. The problem facing the bill is the bureaucracy that sees the Tax Code as a political tool and a political weapon. This system basically nullifies these "tools" for politicians. It also provides for the redistribution of wealth, a horribly socialistic premise from which many of us suffer today.
It would be a beautiful day to see the IRS reduced to one building outside of Washington somewhere. The revenue enhancement the government would realize, the heavy reduction in corruption, tax evasion, would save the taxpayers untold amounts.
It always gets down to the old fact: Is it good for the people who will approve or disapprove it??
If you would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.
H.R.25,S.25
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 retail sales tax to be administered primarily by the States.Refer for additional information:
It also provides for the redistribution of wealth...
----
In above, refers to the Tax Code, not the bill --- :-)
"Highway Bill" came to mind as I was reading you post
Hopefully a fair tax means a single tax on income of all types, no exclusions.
Hopefully a fair tax means a single tax on income of all types, no exclusions.
It is a single retail sales tax collected on the sale of all new goods and services for consumption. No exceptions no exclusions and dosn't care where the income comes from that you are spending.
Horrible idea. Horribly recession-prone for starters, and will be much more difficult to enforce (collect) than the current system.
And the source of your profound insight would be?
Dead wrong on both counts.
Read Federalist 21 by Alexander Hamilton. Consumption taxes are self-leveling, like a fluid in nature.
And the retail tax is a breeze to collect compared to the income tax. 46 states already have the mechanism in place, and the vast majority of sales taxes are collected by retail operations at their cash registers. All that is needed is a simple recalibration of those machines. Piece of cake.
Educate yourself before you speak.
More idiot-level propaganda for the FairTax.
Income taxes of any breed are fundamentally flawed from their inception.
They are a key plank in the Communist Manifesto.
They are anathema to freedom...
You are absolutely correct. I salute you sir!
More juvenile commentary from balrog666.
In fact, the IRS is eliminated by the bill, not reduced.
The "political tool and political weapon" commentary will go by the wayside as the politicos begin to get the message (as they are starting to do) that their jobs which they so prize are dependent on bringing the FairTax into law.
Just keep letting them know that you expect them to support and co-sponsor the FairTax bill - it's starting to creep onto their collective radar screens.
which is longer than the whole Fair Tax bill!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.