HOW ABOUT REMOVING THE TAX ON S.S. WE ARE TAXED AT 85% THAT'S DOUBLE TAXING.
HOW ABOUT REMOVING THE TAX ON S.S. WE ARE TAXED AT 85% THAT'S DOUBLE TAXING.
Hmmm, actually it's triple taxing of the same wages.
Wages-of-Sin: An employer pays a tax on wages for the sin of hiring you, You pay a tax on wages for the sin of working, and a second tax on your wages so some another guy can go fishing, drink, and sin some more.
The Fair Tax Act repeals all federal income, SS/MC and gift/estate taxes, and replaces them with a retail sales tax that taxes once and only once on consumption, not income nor anything you might pay into savings/investment. Tax all products once but only once is the explicit rule stated in the legislation.
Look into it.
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