Fair Tax

WorldNet Daily ^

[tgusa]

A federal bill that would do away with federal income tax and replace it with a national sales tax has been introduced again in the House of Representative after the same bill failed to get committee consideration in the last Congress.

The bill, H.R. 25, is sponsored by Rep. John Linder, R-Ga. Dubbed the "FairTax" proposal, the bill "will repeal all corporate and individual income taxes, payroll taxes, self-employment taxes, capital gains taxes, estate taxes and gift taxes – and replace it with a revenue-neutral personal consumption tax," according to the congressman's website.

[Red Badger]

We can only hope and pray........but be careful what you pray for....

[TexasTransplant]

I Pray that we finally abolish the IRS!
Then we can start working on the worthless UN.
Then I would like to fund research to see if it is possible to grow a spine in a Republican Senator.

TT

[Red Badger]

Spine in Republican Senator? Not possible in this dimension. Instead work for the REPEAL OF THIS:

Amendment XVII (1913) The Senate of the United States shall be composed of two Senators from each state, elected by the people thereof, for six years; and each Senator shall have one vote. The electors in each state shall have the qualifications requisite for electors of the most numerous branch of the state legislatures. When vacancies happen in the representation of any state in the Senate, the executive authority of such state shall issue writs of election to fill such vacancies: Provided, that the legislature of any state may empower the executive thereof to make temporary appointments until the people fill the vacancies by election as the legislature may direct. This amendment shall not be so construed as to affect the election or term of any Senator chosen before it becomes valid as part of the Constitution.

________________________________________________________

Go B A C K T O T H E F U T U R E !!!!!!!

[The Great RJ]

While I detest the current income tax for its byzantine complexity and obvious social engineering, I am more afraid of a national sales or excise tax. It is all too easy to impose and manipulate these taxes and create an even more burdensome tax system. Just look at your next phone bill and see a 3% federal excise tax, first imposed in 1898 to fund the Spanish American War, as well a a host of other state taxes and fees that amount to about a 40% total tax rate in my locality. If $2.50/gallon gas is high how about adding a federal sales tax on top of it?

I think a flat income tax rate with no deductions would be the most fair. Just think of the money saved if you could file your income tax on a postcard or with a few mouse clicks instead of forking over hundreds to a tax preparer. One other essential tax reform...the due date for federal income taxes should be moved from April 15th to November 1st to more closely coincide with elections.