Ain't gonna happen.
Perhaps some of the Squirrels would like to post their reasons in support of the Status Quo???
Nice post
Great idea, but the govt will never return that much of our freedom. Our leaders have us right where they want us--shackled to their monstrously bloated spending programs.
Patrick Henry, Virginia Ratifying Convention June 12, 1788:
- "the oppression arising from taxation, is not from the amount but, from the mode -- a thorough acquaintance with the condition of the people, is necessary to a just distribution of taxes. The whole wisdom of the science of Government, with respect to taxation, consists in selecting the mode of collection which will best accommodate to the convenience of the people."
"Imposts, excises, and, in general, all duties upon articles of consumption, may be compared to a fluid, which will, in time, find its level with the means of paying them. The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources. The rich may be extravagant, the poor can be frugal; and private oppression may always be avoided by a judicious selection of objects proper for such impositions. "
"It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess.
They prescribe their own limit, which cannot be exceeded without defeating the end proposed - that is, an extension of the revenue."
A Taxreform bump for you all.
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.
legislation => 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:
OK, here's how I'd support this:
Include a plan where I'd get a rebate for income taxes I've already paid on my savings.
I miss CHIEF Negotiator.
I'm a huge fan of 15. I hadn't thought of it that way before.
Some other reasons to add to your list. Of course, these would be some reasons to NOT have a "fair tax":
51. It encourages a "black-market" un-taxed economy.
52. It makes it very easy for some taxpayers to "cheat" -- thereby increasing the tax burden on honest taxpayers.
53. It will probably decrease consumption.
54. Poor taxpayers would pay substantially more tax,
unless a mammoth "rebate bureaucracy" is established.
55. There is no proof that the "rebate bureaucracy" would be more competenet or smaller or less expensive than the IRS is now.
56. As that "rebate bureaucracy" would be disbursing rather than collecting dollars, it would be more prone to corruption than the IRS is now.
57. The income tax wouldn't "go away" anyway. So we would have both: an income tax AND a consumption tax.
58. etc..
Some other reasons to add to your list. Of course, these would be some reasons to NOT have a "fair tax":
51. It encourages a "black-market" un-taxed economy.
52. It makes it very easy for some taxpayers to "cheat" -- thereby increasing the tax burden on honest taxpayers.
53. It will probably decrease consumption.
54. Poor taxpayers would pay substantially more tax,
unless a mammoth "rebate bureaucracy" is established.
55. There is no proof that the "rebate bureaucracy" would be more competenet or smaller or less expensive than the IRS is now.
56. As that "rebate bureaucracy" would be disbursing rather than collecting dollars, it would be more prone to corruption than the IRS is now.
57. The income tax wouldn't "go away" anyway. So we would have both: an income tax AND a consumption tax.
58. etc..
6. It is expected to remove an average of 22% of the cost of American made goods by removing the built-in payroll tax (the other 7.65% of earnings that employers pay), corporate income tax, and other business taxes that are now passed to consumers as an “embedded" tax of approximately 22% due to the cascading of income and payroll taxes paid by U.S. employers, at every step of production, to the U.S. Treasury. Competition will cause prices to fall by approximately that amount, on average.
Of course these items are mutually exclusive, but fairy taxers like to claim both of them despite the researchers denial that they both can happen. It is just a minor $1.33 Trillion lie. That's more than 10 times the damage Katrina called, just to put it in perspective. A minor fib.
6. It is expected to remove an average of 22% of the cost of American made goods by removing the built-in payroll tax (the other 7.65% of earnings that employers pay), corporate income tax, and other business taxes that are now passed to consumers as an “embedded" tax of approximately 22% due to the cascading of income and payroll taxes paid by U.S. employers, at every step of production, to the U.S. Treasury. Competition will cause prices to fall by approximately that amount, on average.
You can't get both. Dr. Jorgenson's analysis, from which the 22% embedded tax figure comes, included the employer's half of Social Security and tax on frofits plus the employee's half of Social Security and the employee's income tax as the employer's embedded tax. You can keep your net pay and get no increase in prices, or keep your gross and get about an 18% increase in prices. Keeping your gross and having no change in prices is not an option.
Woo, hoo! Great post. This guy has nailed it. 600,000 fair taxers can't be wrong. Neither can these guys:
http://www.gopinsight.com/2005/04/economists-nationwide-endorse-fairtax.php
Its great for me. I can retire overseas and pay zero taxes on my US investment income.
So there is already one built in loophole? How many more will follow? What makes tuition so special?
Add to the advantages the elimination of the fear, by the average wage earner, of being fined, penalized, sent to prison, and losing their property, including their home, for failure to properly comply with this very complicated tax code. We know from history that some IRS agents are very aggressive in collecting what they perceive to be taxes owed. We know that certain administrations, can we say Clinton, use the IRS to punish their enemies.
That oppressive system will be all gone.
This is the only reason I need.
"The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources."
ping
It's too fair, too logical, too sensible. The f***ups in Washington will never do it.