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To: samm1148
So we'll keep the fair tax and reimpose the income tax as well.

Right on!
Remember the Reagan tax cuts? We got lower rates in exchange for losing deductions. Later the rates go back up and the deductions are still gone. Unless we can cripple the government's ability to grow, these efforts are largely academic.

201 posted on 10/20/2006 7:21:51 PM PDT by ChildOfThe60s (If you can remember the 60s...you weren't really there.)
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To: ChildOfThe60s
So we'll keep the fair tax and reimpose the income tax as well.

Right on! Remember the Reagan tax cuts? We got lower rates in exchange for losing deductions. Later the rates go back up and the deductions are still gone. Unless we can cripple the government's ability to grow, these efforts are largely academic.


You maybe interested to know there is a resolution before Congress H.J. Res. 16 to repeal the 16th Amendment. The text is as follows:

"Proposing an amendment to the Constitution of the United States to repeal the sixteenth article of amendment. Proposing an amendment to the Constitution of the United States to repeal the sixteenth article of amendment."

This will prevent the income tax to return after The Fair Tax is enacted. One other thing to consider is the fact that Congress members could have passed a consumption tax in addition to the existing income tax long ago if it weren't for them realizing their constituents would kick them out of office if both taxes were implemented.
256 posted on 10/21/2006 6:54:51 AM PDT by Man50D (Fair Tax , you earn it , you keep it!)
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