No, I think tax rate reductions, coupled with the removal of death taxes and AMT would accomplish all of these goals. It says "reduce" not "eliminate".
And besides the FairTax can't increase the purchasing power of every American wage earner by 25%+ like Boortz and Linder are saying, so it's based on a misrepresentation and it won't promote long-term growth.
"No, I think tax rate reductions, coupled with the removal of death taxes and AMT would accomplish all of these goals. It says 'reduce' not 'eliminate'.
And besides the FairTax can't increase the purchasing power of every American wage earner by 25%+ like Boortz and Linder are saying, so it's based on a misrepresentation and it won't promote long-term growth."
Ohhhhh! NOW I see. Professional economists can't forecast the economy, but RobFromGa can. Got it.
WRT the AMT, let me ask you something.
"..... at the rate we are going, by 2010 or so it will cost the country less (in terms of lost revenue) to jettison the income tax than it would to get rid of the AMT."
The FairTax Book, Neal Boortz and John Linder, p. 156
So how do you propose replacing the revenues lost from AMT elimination if we stay with the current system?