In essence, the so called fair tax rations tax-free basic necessities of life, and rations them by the size of the family consumption allowance allotted to each family!
How in the world anyone could call completely untaxing the poor, as the FairTax, and ONLY the FairTax, surly would do, a device for rationing anything is beyond me. Not only is nothing rationed but the consumer, not some government bureaucrat, gets to decide what HIS necessities of life are and gets to pay for them COMPLETELY without tax!
Neal Boortz ANSWERING A FAIR TAX QUESTION: OK. Now I've done the research, and here's your answer: You take the money and run. No taxes. If you are sitting fat and pretty with a 401K plan or other deferred income plan when the Fair Tax hits you will be able to withdraw the cash with no penalty and no tax consequences. Not such a bad deal, huh?
H.R.25 (the Fair Tax Act) repeals the entire federal tax code regarding income, payroll and gift/estate taxes, including those parts covering the IRA's, 401K plans etc. Your money is yours not the federal government's under the Fair Tax Act.
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 & Saxby Chambliss Senate, offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25, S.1493
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: http://www.fairtax.org, http://www.salestax.org & http://www.geocities.com/cmcofer/ftax.html
Your anti freedom screed is so full of holes I hardly know where to start so how about this vicious lie:
In essence, the so called fair tax rations tax-free basic necessities of life, and rations them by the size of the family consumption allowance allotted to each family!
How in the world anyone could call completely untaxing the poor, as the FairTax, and ONLY the FairTax, surly would do, a device for rationing anything is beyond me
ANSWER:
If the necessities of life were not taxed at all, then, and only then, would the poor not be taxed under the so called fair tax. But the fact is, the necessities of life are taxed and the poor are compelled to purchase the necessities of life to merely survive. They have no choice in purchasing the necessities of life. And if the accumulated tax imposed upon the necessities of life purchased by poor working people exceeds the monthly welfare check handed out by folks in government, which incidentally makes these poor souls dependant upon folks in government, those poor people will in fact be paying a tax on the necessities of life. In fact, and just as I correctly stated:
In essence, the so called fair tax rations tax-free basic necessities of life, and rations them by the size of the family consumption allowance allotted to each family!
Sorry you disagree with me but the truth cannot be changed to what it is not. Do you object to simply going back to our Founding Father’s original tax plan?
Regards,
JWK