Posted on 08/02/2005 12:22:49 PM PDT by phil_will1
yes ... the magic of focusing on what you do for profits , rather then what you have to do for tax compliance to begin with.
simplify
streamline
these are not just buzz words bantered about by ceos at stockholder meetings.
And as volumes grow because of the added world wide competitiveness,prices can fall further.
The fact is , workers will get all their money, Then have the power to make decisions concerning it.
If nothing else the money that will no longer go to tax lawyers will be available for productive use.Thats a plus right there.
From Brushaber v. Union Pacific Decided January 24, 1916.
We are of opinion, however, [240 U.S. 1, 11] that the confusion is not inherent, but rather arises from the conclusion [assumption] that the 16th Amendment provides for a hitherto unknown power of taxation; that is, a power to levy an income tax which, although direct, should not be subject to the regulation of apportionment applicable to all other direct taxes. And the far-reaching effect of this erroneous assumption will be made clear by generalizing the many contentions advanced in argument to support it [the erroneous assumption],
I understand the amendment process and how the american people were ripped off when the 16th amendment was passed. Some people had shown me the error of my thinking as it relates to taxes and the constitution. I was confused between Article I Sec 8 Clause 1 and Article I Sec 9 Clause 4. Dont be so quick to "ASS-U-ME" others loathe the constitution just because they dont quite understand something. Here's some 16th amendment homework for you and maybe it'll help you see my frustration:
http://www.anti-irs.com/16th_amendment.htm
It is equally "intentionally misleading" to keep quoting "30%" (it is actually 29.87%) on a thread where the FairTax vs the Income Tax is the issuee.
For this discussion tax inclusive rates are the basis of comparison, while if you compare the FairTax to other sales taxes, t.e., is the basis. Either is correct and either leads to the same amount of tax, but to compare income tax with the FairTax only t.i. rates are reasonable. Insisting there is only a single, higher rate is as "intentionally misleading" as you claim for your opponents, but perhaps you can't see that.
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