[pigdog]

A good read and right on target.

[ancient_geezer]

A Taxreform ping for you all.

A critique well worth the time to consider.

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 federal income, SS/Medicare payroll, and gift/estate taxes outright replacing 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:

• AllTheWeb search: "national sales tax" OR "national retail sales tax" OR "fairtax"

[Walkingfeather]

I thought this was doa why post it?

[AwesomePossum]

I am all for a consumption tax, and the Fair Tax looks pretty good................everybody pays, no exceptions, except for poor (legal) US citizens................

[Always Right]

Inflationary....Fairtax grade 'F'.

[PrairieLady2]

“The plan should exempt the poor from tax and allow everyone to meet the necessities of life before paying tax. Once the necessities of life have been met, however, the plan should treat people equally with favoring one set of taxpayers over another and by taxing the same proportion of goods and services they purchase for their own personal use. The plan should not play favorites or reward the politically powerful or well connected.” “allow everyone to meet the necessities of life before paying tax.” BAD NEWS. Necessities differ. The government could reject your housing expenses or allot $300/mo for housing needs because it decides you only ‘need’ one bedroom. It doesn’t matter that your current house has 4 bedrooms costing you $800 a month. The government says you don’t ‘need’ that. You only NEED $100/month for food per individual. You only ‘need’ 3 pairs of underpants, and one coat. You only ‘need’ to have electricity in your house but you don’t ‘need’ to use it. You only ‘need’ one base phone for your business, and not the 6 cell phones you have, to keep your people informed. They only “need’’ a couple of quarters because they can use a pay phone to call their employer instead of that cell phone. You only ‘need’ $12,000 per year to live on, anything else is luxury, and the government is entitled to what it says you don’t ‘need’. The document is a bad news bear with very little thought of the potential impact on the general public, with tons of room to abuse, and confiscate what you don’t ‘need’. From each according to his ability, TO each according to his ‘need’ (however arbitrary the definition of ‘need’ is.). There is no individuality allowed, no room for differences in circumstances, no room to opt out of taxes based on those different circumstances. It opens the door to more micromanagement of individuals, private businesses & corporations resulting in a loss of freedom, and then end of the ‘voluntary’ tax system. Such a plan makes taxes much more permanent and irrevocable. The States might administer it, but the Feds own it which removes power from the states. Currently should the States decide, they can withold taxes. They do have the power to reign in the Feds. Far reaching undesirable implications exist with such a plan.

[hosepipe]

I rejoice when this Congress accomplishes nothing..
Better no law than a bad or worse law.. Thats more than a little cynical I AGREE..

America is becoming MORE socialist not LESS socialist..
I'm waiting for the pendalum to swing.. It hasn't yet..

BIG givernment republican should be an oxymoron but isn't..

America hasn't discovered yet that a tax on something you OWN is just renting it from the government.. The government owns it you do not.. Wonder how many times a dollar is taxed before its retired..

[Fiddlstix]

Bump
To read later

[Principled]

The FairTax has the lowest marginal tax rates of any plan and is the most pro-growth of any plan considered. It has the broadest possible consumption tax base and a single tax rate. The FairTax base is equal to that of the BTT. It is larger than the flat tax, primarily due to the fact that the U.S. current imports dramatically more than it exports. The FairTax is unique in that it replaces the 15.3 percent payroll tax and since the FairTax base is broader than the payroll tax base, it reduces marginal tax rates further than any tax plan being considered.

Broader base means lower rates for those who legally participate in today's income payroll tax system.

Good article.

[Taxman]

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