Ping.
I just found out today I owe $5000 because I still work while receiving SS
Ax dem wot?
Getting rid of the income tax would have a very positive affect on US Ex-pariots in that it would relieve them of the onerous re4sponsibility of filing US tax returns when they do not live in the US.
“Professor Peter Morici is a recognized expert on economic policy and international economics. He has lectured and offered executive programs at more than 100 institutions including Columbia University, the Harvard Business School and Oxford University.”
Well, Professor, we can’t afford, we don’t want and we don’t need a Value Added Tax in America!
You certainly are smart enough to know the difference between a National Retail Sales Tax (e.g., the FairTax) and a VAT!
VAT creates more problems than it solves, and, historically, has been the government cash cow that it is designed to be, much to the detriment of the people who have to pay, collect and account for it.
VAT benefits accrue SOLELY to the state.
FairTax benefits accrue SOLELY to the people and the economy.
Quite a difference, I’d say, and that reason alone makes the FairTax worth fighting for!
Let us all vow to throw every imaginable roadblock we can in FRont of the VAT in America!
So? Progressive is a description for diseases like cancer that get ever worse until it kills you, not a good plan for fiscal policy.
I would be in favor of getting rid of an income tax and replace it with some sort of sales or consumption tax if, and only if, it also includes repeal of the XVI Amendment. If we do not get rid of the part of the Constitution that allows for an income tax then there is nothing to stop a future Congress from re-imposing an income tax.