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To: Your Nightmare

If the flat tax and fair tax aren't going anywhere then scrap the
AMT and estate taxes and pass a law to lower federal spending by 1 % of .5% per year for the next 10 or 20 years, or until deficit spending stops and the national debt is reduced to a reasonable level.


474 posted on 07/26/2005 8:48:18 AM PDT by ampat
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To: ampat

Certainly you shouldn't count out the FairTax. It clearly is attracting more recognition and support all the time. By passing the FairTax, the AMT is automatically eliminated along with payroll taxes, income taxes, and other taxes (e.g., estate taxes).

Yes, federal spending should be lowered but right now with the present tax system, the taxpayer can have little effect on choosing not to be taxed. With the FairTax one has greatly more choice in that regard.

Hang in there and watch. The libs are getting paniced by the very thought of the FairTax disrupting their little cozy little game of living off of the taxpayers since they (the hapless taxpayers) have no idea how much their government costs them. That will change.


475 posted on 07/26/2005 12:05:56 PM PDT by pigdog
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