THERE IS SOMETHING YOU CAN DO ABOUT IT. IT'S CALLED THE NATIONAL RETAIL SALES TAX. GET ON BOARD IF YOU WANT TO END THIS ANNUAL INSANITY!
Posted on 02/03/2002 3:17:46 AM PST by doosee
Edited on 04/13/2004 2:02:21 AM PDT by Jim Robinson. [history]
It will be another year of reforming around the edges of the U.S. income tax code.
Too bad. This is a menace that's been asking for it for a long time. It deserves to be driven out of its caves and gotten off the backs of Americans.
(Excerpt) Read more at pittsburghlive.com ...
I just finished doing my taxes- 75 pages long, and it is MIND BOGGLING the complexity and idiocy of this system!!
Listening to the start of the superbowl it occurred to me that the original declaration of independance would apply equally well to the people today against our OWN govt...
FINANCIAL INTERMEDIATION SERVICES
SEC. 903. WAGES TO BE REPORTED TO SOCIAL SECURITY ADMINISTRATION.
You have a ton of tax links in your profile!
Click here for a much larger set of links as regards taxreform --> [ CHIEF negotiator ]
The CHIEF was around from the beginning of these threads.
He continues to have alot to teach us all.
Please resubmit your search
Search results are only retained for a limited amount of time.Your search results have either been deleted, or the file has been updated with new information.
Clicking on your links return the following
Lewy tends to do that with his links, This is where the source text for HR2525 on the Thomas system is:
H.R.2525 Text
SPONSOR: Rep Linder, John (introduced 07/17/2001)
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: http://www.fairtax.org
The wages section refers to the requirement of employers to report SS/Medicare base wages to the Social Security administration for the purposes assure proper credit for benefits. That must remain in place until such time as the Social Security system is privatized and repealed.
The Financial Remediation Servis stuff he indicates is about brokerage & financial fees embedded into loan interest reats. Interest on the principle of a loan is not taxable under the NRST, but all brokerage and financial service fees are. The provision prevents the folding of such fees into the interest rate of the loan as extra added on points to avoid the payment of the tax on such services.
I highly suggest you go to the bill and read it thoroughly. Lewislynn's excerpts tend to be partial and can mislead if the entire text is not studied.
I didn't mean to imply I was new to alternative tax measures in any of my posts.
THERE IS SOMETHING YOU CAN DO ABOUT IT. IT'S CALLED THE NATIONAL RETAIL SALES TAX. GET ON BOARD IF YOU WANT TO END THIS ANNUAL INSANITY!
Little Willie was "The Worst President In American History".
They also like to pretend the payroll tax does not exist or is not a tax.
A NRST such as the FairTax eliminates this non-productive tax increase completely alson with the IRS and the income tax itself.
Little Willie was "The Worst President In American History".
If you do a bit of research you'll come to this same conclusion.
Little Willie was "The Worst President In American History".
ALL of their income is theirs to use as they see fit, not as the politicians try to "steer" them into doing via income tax laws.
Little Willie was "The Worst President In American History".
The ONLY way to rid us of the depredations of the income tax/IRS combine is to combine to demand legislative action by the Beltway Bastards in passing something like the FairTax (HR2525) into law for taxation.
Little Willie was "The Worst President In American History".
The FairTax can, however, change the way in which those entitlements are funded and make it so that to increase them the tax rate must be raised on EVERYONE - rich and poor alike - since all pay tax at the same rate.
You will find that politicians are not so brave without the political cover the income tax laws give them in hiding taxes and in punishing only certain groups. They will become much less eager to raise taxes when all voters are affected.
And keep in mind, as Alexander Hamilton, the first Secretary of the Treasury said in Federalist Papers #21:
"It is a signal advantage of taxes on articles of consumptionLittle Willie was "The Worst President In American History".
that they contain in their own nature a security against excess.They prescribe their own limit, which cannot be exceeded without
defeating the end proposed - that is, an extension of the revenue.When applied to this object, the saying is as just as it is witty
that, "in political arithmetic, two and two do not always make four."If duties are too high, they lessen the consumption; the collection
is eluded; and the product to the treasury is not so great as when
they are confined within proper and moderate bounds.This forms a complete barrier against any material oppression of the
citizens by taxes of this class, and is itself a natural limitation of
the power of imposing them.Impositions of this kind usually fall under the denomination of indirect
taxes, and must for a long time constitute the chief part of the revenue
raised in this country." (Emphasis added).
Little Willie was "The Worst President In American History".
It also indicates your liberal Democrat bias.
Little Willie was "The Worst President In American History".
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