[nsmart]

Support FairTax, a simpler tax system

The FairTax is the non-partisan national sales tax proposal that would replace all federal income taxes. These include personal, estate, gift, self-employment, alternative minimum, capital gains, FICA, and corporate and death taxes. It is estimated that Americans spend in the range of $250 billion to $500 billion every year in income tax compliance costs.

Under FairTax, used items and business-to-business purchases for the production of goods and services are not taxed. Only new goods and services for personal consumption would be taxed.

An initial reaction is that the price of goods and services will increase. However, this is quite the opposite. With the current tax system, companies have to pass their tax and compliance costs on to the consumer. Dale Jorgenson, former Harvard University economics department chairman, projected an average product price reduction of 20 percent to 30 percent in the first year after adoption of the FairTax.

Most importantly the FairTax is fair. It protects the lower-income individuals and families by providing a monthly rebate on expenditures up to the poverty level. Those spending at or below the poverty level will pay no tax. If the large corporate bigwigs want to spend their multi-million dollar salaries on expensive luxuries, then they will be taxed more; but if they choose to invest their money back into the company, the employees or the community, then they will be taxed less.

I strongly urge the readers to visit the Americans For Fair Taxation Web site at www.FairTax.org to learn more about this.

[LauraleeBraswell]

Will we ever get rid of the DEATH TAX aka the Estate tax?

I think It's time for another Boston Tea Party.

[Always Right]

Dale Jorgenson, former Harvard University economics department chairman, projected an average product price reduction of 20 percent to 30 percent in the first year after adoption of the FairTax.

What a nutty claim. Taking out the same amount of tax will not have a dramatic impact on prices. I hate the over the top phoney claims the Fair Tax people have been making for years. Their analysis makes global warming scientist look honest.

[maine-iac7]

This tax would be the greatest "freedom for individuals" act since 1776.

No more KGB/IRS troops...

More - much - $ in our pockets, businesses with much more $, translates into more jobs, no "April 15th", ...just keeps on giving

[groanup]

ping

[groanup]

Stick around everybody. You're about to see some real discussion about this.

[maine-iac7]

and actually - this would mean the super rich REALLY do pay the most - so why are the dims against it? (maybe because with all the IRS loopholes for the rich, they don't now?)

[ancient_geezer]

A Taxreform bump for you all.

If you 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 income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:

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:

• http://www.fairtax.org,
• http://www.salestax.org &
• http://www.geocities.com/cmcofer/ftax.html

[truth_seeker]

Percent, please.

[mammer]

I would love to see a tax system like this pass. I own a small home based business and pay so much tax I can hardly stay in business. I pay cash for everything (used) because I never know what the next 6 months earnings might be so I have to keep my dept low. I'm tired of paying a higher % of tax than folks like John Kerry while he travels around in his jet I'm driving a 10 yr old car and working 10 hour days.

[hoosiermama]

What will all the accountants and tax lawyers do for livings? ;^)

[JoeGar]

Those spending at or below the poverty level will pay no tax.

And this is considered "fair"?

[Mark was here]

I think this is worth repeating.

I think the fairest tax would be a "everyone pays the same amount" tax.

I don't give a whip about it being "regressive" as I cant even find the term in the Constitution. For everyone to be equal under the law they should be taxed equally.

The tax should be low enough for poor people to afford it and the government will have to live within it's means.

Politicians could no longer divide and conquer by proposing to tax the other guy. If they change the rate, they change it for everyone.

This tax would be liberating, for once you paid your charge, you are free to seek your dreams.

This tax should be called the Liberty Tax.

[maine-iac7]

Beofre anyone swallows the libs scare rhetoric against the "Fair Tax" - (they want to control the people - and without the IRS, their wings are clipped - BIG BROTHER will get a chop in the kneecaps: REad these over:

http://www.fairtax.org/

and for the chart to see just how you will benefit:

http://www.fairtaxvolunteer.org/smart/fairtax_current.html

It'll be the greatest step to emancipation - or back to that freedom - since 1776

[SirTaurus]

TWO QUESTIONS:

A) How would this Fair Tax affect the native american nations that have set up shop and refuse to pay any state tax?

b)
what would be the definition of New vs. used ie. could a car dealer drive a car around the block and sell it as used?

[ApesForEvolution]

Go FAIRTAX BTTT!

[Danae]

I am still on the side of a flat tax until someone convinces me otherwise.

[SirTaurus]

Last night the onondaga county conservative party of NY, passed a resolution to urge our elected federal offcials to
sponsor and support the fairtax bills.