King Bill to Repeal 16th Amendment to Constitution

Americans for Fair Taxation ^

[EternalVigilance]

CONGRESSMAN STEVE KING INTRODUCES RESOLUTION TO ELIMINATE IRS

WASHINGTON - As W-2s arrive in mailboxes this week, U.S. Congressman Steve King has introduced a resolution to repeal the 16th Amendment to the Constitution, which gives Congress the authority to collect income taxes.

H.J. Res. 16 would eliminate the IRS and the means for the government to collect income taxes.

"The IRS is an out-of-date, trillion-dollar-a-year drag on our economy," said King. "Instead of continuing to band-aid our complicated, leaking tax system year after year, we can choose a permanent solution and finally rid Americans of the fat leech they feed their paychecks to."

King has been a long-time supporter of the FairTax, a national sales tax placed on goods and services, which would replace the income tax.

H.J. Res. 16 must be approved by two-thirds of both the House and Senate, and then sent to the states, where three-fourths must ratify the amendment.

For information on the FairTax, visit:

http://www.fairtax.org

U.S. Congressman Steve King

Iowa's Fifth Congressional District

1432 Longworth House Office Building · Washington, DC 20515

http://www.house.gov/steveking/

[EternalVigilance]

Disingenuous on your part, friend.

How about when the drug dealer buys a Lexus, or a diamond ring?

That's when the revenue is captured. Unlike the situation now.

Your spin gets worse all the time.

Never seen you before. Do you work for the IRS?

[ancient_geezer]

All VATs are border neutral including the flat tax and sales tax.

Sure they are as long as border adjustment credits are paid to the exporter in VATs.

Where no adjustment is necessary for an NRST as no tax is levied on the exporter or his upstream suppliers.

As far as the flat tax, I have yet to see a flat tax proposal with any provision for border adjustments whatsoever.

[SolidSupplySide]

How about when the drug dealer buys a Lexus, or a diamond ring?

That's when the revenue is captured. Unlike the situation now.

It doesn't matter what the drug dealer buys. Yes, I will argue that if the drug dealer buys a fancy car, that a flat tax, VAT or even the current income tax will capture that transaction.

[Lurking Libertarian]

if that 2nd Curcuit Appeals Court ruling is correct that the IRS cannot just force someone to reveal their records just by 'requesting' them and instead the IRS has to first go to court to force someone to turn over their records

That Second Circuit decision is nothing new. Every lawyer has known for decades that an IRS Summons is not enforceable without a court order. The U.S. Supreme Court decided that more than 40 years ago.

[SolidSupplySide]

As far as the flat tax, I have yet to see a flat tax proposal with any provision for border adjustments whatsoever.

That is because the flat tax is inherently border neutral. No need for forms, credits, rebates or anything.

[Your Nightmare]

How about when the drug dealer buys a Lexus, or a diamond ring?

That's when the revenue is captured. Unlike the situation now.

What you are ignoring is that there are two criminals in a drug deal, the seller and the buyer. Currently the buyer pays taxes on the income he is using to buy the dope, he wouldn't be with a NRST/VAT. A NRST/VAT would capture it's revenue from the dealer but lose it from the buyer. It's a wash.

[ancient_geezer]

. If prices rose 3%, it was due to monetary policy.

Or additional costs on the production chain imposed by replacing a single stage sales tax with a revenue neutral VAT.

Trends in inflation - 1993 to 2003

A commonly quoted indicator of inflation is the rate of change in the Consumer Price Index (CPI), which reflects the price of a fixed basket of goods and services acquired by households. Another important indicator is the national accounts chain price index for Domestic Final Demand (DFD). The DFD price index is more comprehensive than the CPI because it covers final purchases by businesses and government as well as households.

CPI, percentage change from previous year

DFD index, percentage change from previous year

The graphs above show percentage changes in the CPI and DFD indexes for 1992-93 to 2002-03. The introduction of The New Tax System (TNTS) saw a large increase in both indexes between June 2000 and September 2001, the majority of which occurred in the September quarter of 2000. However inflation, excluding volatile items and price movements due to changes in tax regimes, is thought to have stayed relatively low during this period.

[Indie]

I've been for this for a long time. Now, I won't even need to read down too far before I see the bushbots pop in and start slamming it, because it's not his idea, nor will it happen while he, or any rat [democRat or republicRat] is President.

[EternalVigilance]

Yes, I will argue that if the drug dealer buys a fancy car, that a flat tax, VAT or even the current income tax will capture that transaction.

The VAT would. But no income tax will, flat or otherwise.

[Paul C. Jesup]

You're thinking of the Federal Ninth Curcuit of Appeals. It's the Ninth Curcuit Court of Appeals that does all the screwy rulings that get overruled, NOT the Second Curcuit Court of Appeals.

[EternalVigilance]

Interesting how the politics of this shapes up.

But you need to know that a multitude of Bush people support the FairTax.

If you read between the lines of last night's speech, you will see that the President is well aware of our presence and strength. He gave us a strong wink and a nod.

He's waiting to see if we have the political heft yet.

[jsmith48]

"The IRS is an out-of-date, trillion-dollar-a-year drag on our economy," said King. "Instead of continuing to band-aid our complicated, leaking tax system year after year, we can choose a permanent solution and finally rid Americans of the fat leech they feed their paychecks to."

I'm voting for this guy for president.

[Your Nightmare]

AG, can you find some example of a country the has a high rate NRST so we can compare it to the Australian experience with a GST.

[EternalVigilance]

I would too. He's one of the most principled and capable people I've ever known. Who knows?

[Raffus]

Absolutely - that's what I mean. The underground gets around income tax. With a consumption tax, everyone pays - EVERYONE. Why should a certain block of people (the underground economy) be exempt for paying for defense and all the social programs in place today. I pay (and I'm sure you too) for services we never get any return for.

It's like my RE tax - I have no kids in school, but yet I'm expected to pay for one (or several) regardless. Steams me!

[Paul C. Jesup]

And that case dealt with accounting firms and NOT directly with a private individual.

Why do you support a corrupt institution like the I.R.S.?

[ancient_geezer]

That is because the flat tax is inherently border neutral. No need for forms, credits, rebates or anything.

You want to provide us with a hyperlink to even one description by an economist calling the Armey/Shelby Flat Tax a "border neutral tax" and how it achieves that status?

“He who asserts must also prove.” 
Artistotle

[EternalVigilance]

You guys carry this battle.

One of nearest and dearest friends passed this morning, and I have to get out of here...

[Lurking Libertarian]

You're thinking of the Federal Ninth Curcuit of Appeals. It's the Ninth Curcuit Court of Appeals that does all the screwy rulings that get overruled, NOT the Second Curcuit Court of Appeals.

No, there was a ruling of the Second [not Ninth] Circuit this week, which some tax protestor types are proclaiming as some great victory against the IRS, even though (a) the protestor who brought the case actually lost, and (b) the Second Circuit merely repeated what the Supreme Court held 40+ years ago.

[Do Be]

For the first time that I know of, we have a President bringing up, in a serious way, the idea that the time has come to completely overhaul our tax system. And this isn't a Carter or Clinton, this is George Bush. The guy who gets things done. The guy who out thinks and out maneuvers everyone.

There are a lot of people in this country who would like to see the IRS go away. Like me. I would support Hillery on this one and I think she should be burned at the stake. Grass roots on this is enormous.

If Bush wasn't behind this, I would think it a dead issue. With Bush behind tax reform, those who oppose it better get out of the way. It's going to happen.