Posted on 06/23/2008 4:13:28 PM PDT by Man50D
Why NTU Supports the FairTax:
The Fair Tax Act would promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
Legislative Status:
The FairTax has been reintroduced for the 110th Congress. It is H.R. 25 in the House and S. 1025 in the Senate. NTU has endorsed the FairTax since 1998 and continues to work for its adoption
Benefits of the FairTax:
The FairTax plan brings fairness, transparency, and efficiency to our unfair, complex, and confusing Tax Code.
The FairTax rewards job creation, hard work, and individual responsibility. By doing away with payroll taxes, companies can afford to hire more employees and outsourcing looks less attractive. By taxing consumption instead of income, individuals are provided with a strong incentive to work hard because they keep more of what they earn. By taxing spending, the FairTax allows us to control how much tax we pay depending on our individual lifestyle choices.
The FairTax ensures that all Americans pay their fair share of taxes. The IRS currently admits to a 25 percent non-compliance rate with the Tax Code, often done unintentionally. By placing the tax at the point of sale, no individual or special interest group could evade taxes with the help of an expensive tax attorney or well-heeled lobbyist. Furthermore, we could stop making criminals out of ordinary Americans who prepare their tax returns incorrectly by mistake.
How the Plan Works:
The FairTax proposal is a comprehensive revenue plan that would eliminate most major federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes.
(Excerpt) Read more at ntu.org ...
Thanks for posting the info Man50D -
It’s good information to have that the National Taxpayer’s Union supports this reform.
How many members does NTU have? Isn’t it millions?
Who heads up the NTU?
thanks-
~Prince
lots of good links at the ntu link you gave - thanks
http://www.ntu.org/main/page.php?PageID=155
this is an interesting link - shows how many pay NO taxes under today’s system.
Wanta bet Obama tries to kill it. His cronys couldn’t collect their welfare if it passed.
Hussein will not like this bill. It is the antithesis of his political view [marxist.]
Excellent, thanks for posting. Anything less than radical tax reform will be useless. Radical tax reform coupled with spending reform will go a long way to curing the ills created by our Congress.
Look on the bright side, If Obama wins, no one will have any money or jobs so we won’t be able to pay taxes! YEA!!!
If you think the FairTax disburses power to the people (hmm - power to the people; where have I heard that before?) you are sadly delusional.
I just went a read through (well, scanned quickly through) the text of HR 25.
Will you be so kind as to point out the particular section where a constitutional amendment is submitted for approval and ratification by the states which would remove constitutional authority for the Federal Government to levy an income tax?
Will you be so kind as to point out the particular section where a constitutional amendment is submitted for approval and ratification by the states which would remove constitutional authority for the Federal Government to levy an income tax?There isn't one. Nor is there a "sister" legislation that would be triggered with the passage of the Fairtax...To say there is would be a lie.
Bills cannot contain amendments to the constitution. The amendment you reference is HJR 45 IIRC - which IS an amendment.
If i misunderstand your question - apologies in advance.
Its good information to have that the National Taxpayers Union supports this reform.And yet the Fairtax has how many?How many members does NTU have? Isnt it millions?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.