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1 posted on 01/13/2005 7:35:00 AM PST by Jay777
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To: Jay777

A flat tax on all income is the most fair. A large national sales tax (value-added as some refer to it) is unfair to many groups for whom it would represent MORE DOUBLE TAXATION -- as we are being screwed on SS payments now.

Take retired seniors, who have no job income, per se. They would continue to have to pay taxes, even without income. Given these people have paid into SS all their working lives, they should be free of a tax burden EXCEPT for a flat tax ON ADDED INCOME. They should not be double-taxed just to live on their own funds on which they have already been taxed.

My solution: A Flat Tax on Earned Income and NO TAX ON SS DOLLARS since they have already been taxed.


2 posted on 01/13/2005 7:44:21 AM PST by EagleUSA
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To: All
Go read the plan before you all start spouting off about double taxation, value added assumptions and deductions and such. Revenue neutrality is one of the main tenets of the plan. Once you understand that, you will understand the plan. It's very simple: You are taxed ONLY on NEW consumer goods. Nothing else. The tax is voluntary and everyone receives a prebate up to the poverty level. There are no deductions. No one knows how much money you earn or don't earn. Business does not pay taxes. Retailers will do the collecting just like theyu already do for the states except that they will be compensated with 1/2 of a percent that they collect. FAIR TAX
9 posted on 01/13/2005 9:28:26 AM PST by numberonepal (Don't Even Think About Treading On Me)
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To: Jay777; Taxman; Principled; EternalVigilance; rwrcpa1; phil_will1; kevkrom; n-tres-ted; Bigun; ...
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:


10 posted on 01/13/2005 10:38:45 AM PST by ancient_geezer (Don't reform it, Replace it!!)
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To: Jay777

Unless they totally remove the income tax and cut all frivolous federal spending, true tax reform will never happen. Unfortunately, I don't really see that happening. The feds are more interested in wasting money on unconstitutional social programs than they are on actually doing right by the American taxpayer.


29 posted on 01/13/2005 11:55:21 AM PST by MarcoPolo
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To: Jay777

Income tax was originally very simple - back-of-a-postcard simple. It was then made complicated by endless "reasonable" modifications. Flat or NRS tax will fail for the same reason: sure it will be simple at first, but there will soon be exemptions, increases, and loopholes all in the name of "reasonable" special cases.

Originally there was NO income tax. The country got by just fine. The feds were Constitutionally prohibited from direct taxation; the feds levied tarrifs or charged the states, and the states figured out how to get the money.

Replace the tax code? Absolutely. Make it SIMPLE.

More importantly, STOP SPENDING SO FRIGGIN' MUCH TAX MONEY. Bickering over how to get the money pales in comparison to why it's being collected in the first place.


35 posted on 01/13/2005 12:17:20 PM PST by ctdonath2
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To: Jay777

I don't expect The Congress to get into this. Hell, they're already running for the hills on Socialist Security Reform.....


79 posted on 01/13/2005 8:42:13 PM PST by KoRn
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To: All

We need to get the contact information for the Bush tax panel and let them know we want a FairTax.

I have not been able to locate contact info, however.

If anybody knows how to reach them, let me know.


88 posted on 01/13/2005 9:11:00 PM PST by rwfromkansas ("War is an ugly thing, but...the decayed feeling...which thinks nothing worth war, is worse." -Mill)
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To: Jay777
Fair Tax To Be Discussed

And that's all that will happen.


325 posted on 01/16/2005 6:09:25 PM PST by unixfox (Close the borders, problems solved!)
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To: Jay777

Something needs to be done. We have an entire underground economy and it needs to pay its fair share.


430 posted on 01/21/2005 5:34:33 PM PST by television is just wrong (Our sympathies are misguided with illegal aliens)
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