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To: RobFromGa

Included in HR 25 will become law upon passage:

defund the IRS
eliminate withholding
destroy existing income tax records (save those delinquent at changeover)
erase the entire income tax code

So how does making these for things happen put us closer to having both?

It doesn't. The closest we are is NOW - when all it would take is a vote in congress and tomorrow we could have both.

But HR 25 implements some formidable obstacles that do not now exist. Those obstacles are what will prevent the income tax from coming back.

Again, why do you select only portions of a post to reply to?


221 posted on 09/24/2006 9:32:52 AM PDT by Principled
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To: Principled; Jim Noble

The reason we will end up with both, IMHO, as I have posted many times, is that the FairTax will not collect the amount of money that they need to fund the government, and the only remedy they would have with the FairTax is to RAISE THE FAIRTAX rate even higher, which reduces the collections further. I believe the Fairtax rate would start at about 42-45% (exclusive, expressed as a normal sales tax), and quickly move much higher as the taxable consumption base evaporates...

Once it is obvious that the FairTax is unable to raise the necessary taxes, due to evasion, people not buying for whatever reason, people buying used, people buying overseas, people bartering, people using the business exemption, all these reasons, then they will institute an EMERGENCY income tax on the productive "rich" people, probably anyone who makes over $75,000 or thereabouts.

And there will be plenty of votes for that income tax surcharge on the evil rich. People hate the evil "lucky" rich.


226 posted on 09/24/2006 9:40:13 AM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: Principled
defund the IRS, eliminate withholding, destroy existing income tax records (save those delinquent at changeover), erase the entire income tax code

But HR 25 implements some formidable obstacles that do not now exist.

Name one obstacle-- the laws that defunded, destroyed, and erased income taxes could be repealed on a moment's notice by a simple majority of Congress and a signature, and everything brought back.

And if they made it only an income surtax on the "evil" rich, it would be a piece of cake if the situation required it-- like everyone realizing the FairTax caused all prices to go WAY up, and the economy to tank...

233 posted on 09/24/2006 9:53:04 AM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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