Bump!
I'd support it if only they'd lower the 23% number substantially.
I can't see it being that high and being a success.
Start at 15% and lower it over time as the government is chopped up and farmed out. Then I'll support it.
No need to do this...........just make paying taxes optional like it already is for all of the ILLEGALS! No problemo.
It would be intolerable if it were true. It's not.
Illegal immigrants and criminals would have to pay taxes
They pay taxes now every time they purchase something here - don't forget those embedded taxes!
It would remove the tax subsidy to foreign companies for aquisition of American companies (Think Daimler-Chrysler)
So Chrysler goes under instead? That's better?
Of course, the bill the does nothing to repeal the 16th Amendment, so we would probably be stuck with both a federal sales tax and the income tax. Not good.
And, the bill does nothing to rein in government spending at all. Which is worse: out-of-control government spending or excessive and exorbitant taxes to pay for out-of-control government spending?
Why is it called the 'Fair Tax'? Well because it does not want to be known as an income tax cut for those who don't have to spend every dollar they make to live.
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: