And probably more news coming later ...
If this statement is true, the the talking heads in the congress are bigger morons that I thought. They absolutely, are totally and completely out of touch with the citizens of this Republic. They should all be fired. We should fire the entire bunch, clean D.C. out, and start over again, as a FREE REPUBLIC!!!
BTTT
BS. We've been yelling about it since Carter.
The simple solution is to remind the politicans that if the IRS is gone, the Clintons would not be able to use it as a weapon against said politicans.
Fair tax great idea. Just hold off until I get the new car I've been saving for. The car I want is approximately 26,000. I figure 28% Fair tax, 6.25% State tax and registration. My tax will probably be around 8,900 at the show room floor. Got to save more, say around 34,900 out the door. Lot of money for a retiree with fixed income. Haven't read the book, but maybe there might be a way I could spread the tax out over a few years. Still will have a car payment to deal with. Any real suggestions? Major purchases seem to me will be a problem.
If you would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
Great article! Keep up the pressure!
Ping.
Boortz glosses over this topic on pg. 169 of his book. I paid a BIG chunk of money in income taxes to convert to a Roth after 1998. Now I am supposed to roll over and pay an additional 23-30% sales tax when I spend it??
Hard to get a simple answer. Here is my problem.
Suppose I wish to have my driveway replaced. I hire a contractor to remove the old driveway, form, and pour a new cement driveway.
Now say the contractor charges me 17,000 for the job. Am I charged tax on the forms, cement, and other products only. Do I pay tax on the labor? Yes or No.