Scrap the entire income tax code, abolish the IRS.
PING
one can hope... and pester one's congresscritters
I hope this isn't just pretend like so many Republicans in office do......
I believe Bush, but who's going to be on the panel?? Specter?
Is this the secret strategery kicking in? Act like FDR and LBJ in your first term, but act like Reagan in your second. I hope so.
The only fair tax system is a flat tax. No more loopholes. No more credits. Just list what you made, take 15% of that, and that's your tax.
I'm afraid the IRS is here to stay.
I don't know the solution, but I am
hopeful Bush will prevail.
I'm afraid the IRS is here to stay.
I don't know the solution, but I am
hopeful Bush will prevail.
A national retail won't happen for the following reasons.
If the mortgage tax deduction is repealed, any 2006 congressional challenger will get a huge issue to use against the incumbent.
If the mortgage deduction is retained, we'll still have pieces of the old income tax system, which is unacceptable to a major block of potential NRST supporters.
To push through a national sales tax, advocates need to repeal the 16th amendment, while simultaneously convincing reluctant Congressmen that imposing a tax of about 20% on almost everything and scrapping the mortgage deduction won't cost them their seats.
It'll never happen.
Kinda off topic......
Fair paper work act???
For who......
Sorry red tape ticks me off to no end.
Quote: "The time for "fairtax" -- retail sales tax, instead of income tax has come."
---
I tend to agree, but I can hear it now...
Oh, but thats so "Regressive" (/sob)
The modification of a sales tax which passes the "liberal" test (mostly because it confuses them) is the VAT, where a little bit of tax is added all along the way from raw material to purchased product.
It has some detractors too, because you end up taxing tax in all but the first step of the process. The upside of that is it makes it hard to cheat - buy all your goods thru some bogus business who's only purpose is to get you tax free goods supposidly for "resale".
But either a Vat or a Sales tax does away with the IRS as far as Joe Citizen is concerned.
Businesses have to keep better books, and pay more taxes but they do this all by computer these days and already do it for city and state sales tax. Its not an insurmountable problem.
Sorry about the double post...
a combination of a borrowed laptop and long fingernails. :)
They're (IRS) will be fighting tooth and nail to save their jobs. The beast has a life of it's own.
My take exactly. Get rid of the IRS, get rid of the income tax and tax only consumption. Its the way to go to make America the world's economic engine in the 21st Century.
A full rewrite of the tax code might cause a bit of temporary screwiness with the economy. That's because whole businesses have their business models built around tax minimization, especially when it comes to depreciation rules.
10 percent flat tax.....BRING IT ON!!!!!......
The time has come when MY right to privacy (and yes that is and actual right) has come. The time has come when it is no one's business, including the government, how much moeny I earn. This is precisely why I do not support the Flat Tax.
We have got to begin reigning in some of the losses suffered to our privacy. It's a tough road with all the technologies out there now that can breech personal privacy. But, we MUST make new strides in this area to get this country back on track.
Getting the Fair Tax implemented may be an even more difficult task than getting the President re-elected. It's time to hunker down on this on and git 'er done. This may be our last chance for serious privacy reform in America.
Like the 9/11 commission? Look how well those recomendations went over.
Even if President Bush was serious about this, any reform has to make it through Congress. A month or so ago Congress passed 'tax reform' for business. It was loaded down with literally thousands of targeted tax breaks, but in by Senators to help major supporters or contributors. They would never agree to a system that would remove their ability to pander to their supporters in ways like that. There may be something passed under the guise of tax reform or tax simplification, but it will only make it worse and more complex.
I'm ready "Lets Go".