Maybe we all should fax this to the government and our representatives. How else can we tell them we don't want another round of changes and exclusions to the tax code as recommended by the tax panel?
Of course the resident naysayers will appear and attempt to trash ALL if these learned scholars.
Tax reform ping!
What an undistinguished list of academics. I know several of them. Paul Rubin at Emory is quite bright and is a good political economist, but not a taxation expert. In fact, many of these academics are NOT experts in the economic consequences of tax law changes.
What I read from this list is that the famous economists who work in taxation do not agree with this group on "fair taxation."
source...the movement for consumption-based taxation has been hijacked by a group of extremists whose principal interest is abolishing the Internal Revenue Service.21 They believe that if virtually all federal taxes are abolished and replaced with a retail sales tax like those in the states, then the states can simply collect the federal government's revenue for it, thereby allowing for abolition of the IRS...
21 The Church of Scientology originated this legislation as part of a campaign against the IRS because it refused for many years to allow gifts to the church to be deducted as legitimate charitable contributions, on the grounds that it was not a true church. The IRS eventually relented. See Davis (1997) and Starobin (1995) for discussions of the Church of Scientology's role in the sales tax campaign.
Davis, Bob. 1997. "CATS Out of the Bag." World, 12:9 (May 31/June 7).
Starobin, Paul. 1995. "No Returns." National Journal (March 18): 666-671.
Writing science fiction for about a penny a word is no way to make a living. If you really want to make a million, the quickest way is to start your own religion.
~ L. Ron Hubbard
The so called FairTax will allow the rich to grow even richer, creating a form of economic feudalism in America--even more so than our current condition.
That's just what the "Fair Tax" was missing! The endorsement of liberal arts professors!
If anyone 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:
Thanks for the post. Nice find!!
Call the Whitehouse and tell them we want THE FAIRTAX!
Whitehouse switchboard (be nice, but firm):
202-456-1414
bttt
Only one problem. This would eliminate 90% of the power congress has. It will only pass if the voters absolutely demand it. I don't see much chance of that in the near future, but it's a brilliant idea anyway.
progressive national retail sales tax...
The word "progressive" was mentioned at least twice in this "proposal."
Why should anybody buy into a "progressive" proposal? Everytime I see the "p" word, my skin crawls.
My hackles have been raised. Explain why we should endorse this over what Boortz is proposing.
The words "fair" and "tax" should NEVER appear in the same sentence. IMHO.
The one thing I didn't see on the list is a reference to my only real problem with the Fair Tax.
Money I earned in the past and put in the bank was subject to Federal income tax when I earned it and is all post-tax money.
When I try to spend it under the Fair Tax, it is taxed AGAIN, even though it was taxed once before.
Did I miss it in the article? Does anyone know how this will be addressed. That's two bites at the same apple, and clearly unfair. The Fair Tax doesn't live up to its name.
bttt
How does a "Progressive sales tax" work?
The problem with a national sales tax is that you cannot trust Congress to eliminate the income tax first.
What Congress will do (with its insatiable appetite to steal our money) is promise to eliminate the income tax, impose a national sales tax (weeee, more money!!), and then find one million reasons for not eliminating the income tax.
You cannot trust politicians when they are trying to get your money. I say No to the national sales tax, and Yes to a flat income tax rate at 16%. Screw 'em.
DA740
Damn, Eagle...you've got some kind of record going for a thread. LOL
what's this? 13 days and counting...
KEEP IT UP!