Posted on 02/03/2005 9:54:12 AM PST by 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"The IRS is an out-of-date, trillion-dollar-a-year drag on our economy," said King.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/
I suggest we don't ask their permission.
Allow me a question.
Or two.
You claim, and have demonstrated, that the NRST is a 'VAT' in some form or another although not in the manner in which we are accustomed to discussing it. That's fine.
Are you advocating a multi staged 'VAT' as opposed to our 'single stage' one?
How is the tax collect in a multi stage VAT? Is the tax collected at each stage or just at the end? If, at each stage, won't there be extra collection and audit points and costs compared to the NRST where business to business sales are not taxed at all?
Ok. That's 3 questions. Thanks in advance.
The CPAs and tax attorneys that I know are supporting the FairTax. There are better and more productive ways to put their talents to work and earn a lving.
IRS Lover!
:)
Ah, you missed the window of opportunity! :-)
Well, technically whoever it was that said it called you an "IRS-Lovin'-RINO" or something like that...so I still said it first. :)
Hmm...I must have missed that one.
You can claim first if you have the need.
bttt
bump
Rinse and repeat as necessary. Blackbird.
That's good to hear.
IMO a goodly portion of the Demo base doesn't pay any income tax, therefore they won't give a damn.
bttt, you have mail.
Christ I hate that. Everytime someone mentions their 'refund' I go into a rant...'The friggin government borrowed your money and paid you no interest... If you underpaid your taxes they would charge you interest over a certain amount...'
Freedom does not mean you can avoid the laws passed by representative government. Freedom is no more restricted by the income tax law than by the property tax laws or the sales tax laws.
Living within a society (any society) has costs and taxation is the cost of all societies including free ones.
You are not free to murder but that is not an indictment of society.
By Payroll taxes I presume you are speaking of social security and medicare taxes? Removal of them would indeed lower prices but not enough to prevent a drop in consumption. Income taxes from business are small enough their elimination will not matter that much one way or another in the short run.
The real question is how long this demand drop would continue and is there a means of avoiding its negative influence. Clearly a new equilibrium would ensue but it is not clear how that new point would work out in terms of national income and employment. The biggest worry is a dramtic increase in unemployment as a result of decreased demand that is the political issue which cannot be ignored particularly knowing the RATmedia and RAT responses.
Rodger That!
Are you claiming that imported goods do not have their countries' taxes included in their prices?
Imports sold within this country already are subject to the same sales taxes that domestically produced goods face.
I don't see a price disadvantage for US goods against goods made in Europe which is more regulated and higher taxed than the US. Other countries which are not may have such an advantage but that is part of foreign trade and it always has been.
That is a prescription for disaster by itself. Although it would raise the value of my home I don't think I could support a tax on new homes.
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