Posted on 02/08/2005 4:29:41 PM PST by concretebob
Edited on 02/08/2005 4:58:30 PM PST by Admin Moderator. [history]
WASHINGTON -- Asked when he was near death to name things he regretted not doing, Andrew Jackson said: ``I didn't shoot Henry Clay, and I didn't hang John C. Calhoun.'' President Bush, who seems determined to leave office with nothing undone -- except, maybe, horsewhipping Harry Reid -- vows to transform not only Social Security but the hydra-headed tax code.
(Excerpt) Read more at townhall.com ...
Ping?
indeed
ABOLISH THE IRS! <== AMEN TO THAT
Please see: http://www.freerepublic.com/focus/f-news/1338991/posts?page=19#19
The FairTax Act would not only abolish the IRS as we know it.....but it would provide the liquidity necessary to reform and privatize social security.
I'm for that and so are a GREAT many others!
Check us out at http://www.fairtax.org
ARE YOU JOKING???!!! How, pray tell, we will fund the Spanish-American War? HAVE YOU GONE MAD???
:0)
-good times, G.J.P.(Jr.)
Bump. check out my tag line.
That is part of the the Americans for Fair Tax proposal. I'm in my fifties and I have accumulated a little wealth. I could accumulate a lot more by the time I'm 65 if I didn't have the blood-sucking income tax eating up my investment gains. That goes for all of us.
Thanks for the ping!
This is a great article. Will hit the nail on the head when he said that tax code reform is political reform. Kick the lobbyists out of Washington.
I agree, the IRS must be dismantled. But I don't think that a retail sales tax is a good idea. I think a flat income tax would be better.
I agree, the IRS must be dismantled
Isn't going to happen under a flat income tax. The IRS will still be required to audit & assure that everyone is reporting the proper income on which to pay tax. That does not go away under the Flat Tax. It isn't the size of the final report my friend, its what you have to do to prove to government the numbers on it are correct that keeps the IRS in business.
I think a flat income tax would be better.
The current system started out as a flat tax, didn't last one session of Congress before they started taking on rates and started to dink with esoteric exclusions and deductions.
The flat tax still must define what is taxable income as opposed to legitimate costs of business and return of capital that is where the complexity lay and the IRS becomes the ogre. The number of rates has 1 page against the 60K pages of complexity that the income tax system has become.
I suggest you read the following review of the Flat Tax before deciding that it will accomplish much other than keep Congress and Guchi Gulch in business for decades to come.
Flat Tax as Seen by a Tax Preparer
by Vern Hoven
The flat tax does replaces only the income tax, it does little to address business taxation in terms of where the real complexities lay, and does nothing at all as regards replacing SS/Medicare taxes on wages.
The NRST replaces the whole ball of wax, and truly removes the need for a federal IRS.
Fundamentally the issue is one of freedom and liberty, not on the rate of tax, as all taxes ultimately bear on the individual through lower wages, lower return on investment, high prices or combinations of all three.
The key is assuring that the entire electorate perceives the price of excess government and thus is encouraged to control the size and scope of government instead of pushing for more as the hide the pea games that are done with federal taxes under the income tax schemes.
bump and thanks!
"Simplifying taxes such as a flat tax, and securing the borders are two of the most important things that can be done in todays govt."
"In the great -- or so it then seemed -- 1986 turn toward simplification, the reduction of rates was paid for by reducing exemptions and other complexities. However, Congress, having had its fling with simplification, soon reverted to form: Since then the tax code has been amended more than 6,000 times. Such is the tide Mack and his panel must try to turn."
Will's concluding paragraph explains, in part, why the flat tax is a false hope as far as simplification is concerned. In addition, the leading flat tax proposal now in congress, the Burgess bill, calls for a flat tax option IN ADDITION TO the current progressive system and, apparently, to the AMT. Therefore, if Burgess's flat tax bill were to pass, we would KEEP the 60,000 page system that we now have (including the AMT) and add another few thousand pages to define the flat tax option.
Only in Washington, DC could this be considered "simplification".
"I agree, the IRS must be dismantled. But I don't think that a retail sales tax is a good idea. I think a flat income tax would be better."
Your statement is contradictory. You can't dismantle the IRS and convert to a flat INCOME tax.
No waaaay!!No howww!! Nuthin happenin here folks...http://www.taxanalysts.com/www/taxwirewww.nsf/0/3CF46F68AC56014D85256F9B00802928?OpenDocument
Ok. I understand what you say. But I think both the flat tax and a national sales tax has its disadvantages.
If we try the sales tax, what the government will do is they will make you pay a lot more taxes on certain items for example on alcohol, tobacco, guns, SUVs, and things that they don't want you to buy.
So, just as the "flat tax" elvolved into an unfair and complicated system, the sales tax could become unfair and very complicated too. There is no perfect system, because we the people are not perfect, and we're the ones who make the laws for ourselves.
How will the IRS change at all if we have a "flat income tax"?
Indeed.
That way the government can continue to snoop on your finacial activities and steal your money at the point of a gun. Keep that boot on the necks of those unwashed masses. That's a real good idea. </sarcasm>
No it won't. There are provisions against that kind of legislation in the Fair Tax.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.