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To: Zon
If we were to conduct a poll and asked 1,000 people that have read either H.R. 25 or the fairtax.org Web site whether they think the tax probate check[sic] is a welfare check, probably 99% of them would say it's not a welfare check. ...

SO? You need 99 people out of 100 to tell you what to think, I don't....Besides, if you believe your own probability, why would you care what I call it? (Probate check?)

With the NRST the government doesn't require a person report their income from dividends and interest from investments or other capital gains.

They don't have to require it, it will be done by the institution when they disclose their implicit and explicit financial intermediation service fee's they collect from you based on the interest you've earned...You really need to bone up on what you're trying to sell. But maybe your right, in these days of tracking drug money and terrorist funding I'm sure the government will just forget all that for your new salestax.

Social Security is not a tax.

Hmmm. could've fooled me...OH speaking of what 99 out of 100 people would say, I'll bet 99 out of 100 people who pay FICA will tell you it's a tax...so, it must be a tax....Better yet let's see what the law calls it

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TITLE 26 > Subtitle C > CHAPTER 21

CHAPTER 21 - FEDERAL INSURANCE CONTRIBUTIONS ACT

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Yep, it's a tax.

No person has to report that portion of their income to the government for any purposes and certainly not for tax purposes. That's a second point that refutes your supposed fact.

Well not exactly, for some reason you left out that you have to report self-employment income...see even when you have an employer, if you do work on the side you are required to declare your "self-employment" income, your sales tax doesn't change that. What is self-employment income"

`(c) SELF-EMPLOYMENT INCOME- For purposes of subsection (b), the term `self-employment income' means gross payments received for taxable property or services

That could even mean the sale of drugs or prostitution.

Plus, since income is not taxed the government has no tax incentive to snoop around in any person's financial affairs because the government will not be allowed to tax any person's income. ....Does the government snoop around in your financial affairs? Paranoia isn't healthy.

That brings us back to ill gotten gains such as drug money, terrorist funding/ activities, fraud and a whole host of other illegal activities...

SO, it looks more like 3 stikes and YOU'RE out...

208 posted on 04/17/2003 11:59:09 PM PDT by lewislynn
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To: lewislynn
Okay, so I was wrong, Social Security is a tax. And maybe under the NRST income from interest, dividends and capital gains is subject to social security tax. It's a fact that, for tax incentive purposes the IRS does snoop around in many people's financial affairs.

I made an error, I'm human. Big deal. I acted responsibly as a mature adult and acknowledged the correction.

229 posted on 04/18/2003 8:29:50 AM PDT by Zon
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