Posted on 09/03/2006 5:18:40 AM PDT by Man50D
Abolish the federal income tax!
No more taxes on savings and investments!
A "Fair Tax" can completely fund the federal government, Social Security and Medicare!
You control how much you spend!
So what are we waiting for?
You, the taxpayers of America burdened with an income tax that is costly, wasteful and sinking America into inevitable bankruptcy. All current forms of federal taxation would end! You would keep 100 percent of your paycheck. You control how you spend your paycheck. It's your money. You make the decisions as to how you want to spend your money.
The Fair Tax would create more jobs and give the USA a level playing field when selling overseas. United States Senator John Linder (R-Georgia) is sponsoring the "Fair Tax Act of 2005." If enacted by Congress, it would accomplish all of the above. Simple. Easy. And affordable.
It's the best way to downsize government without disrupting the economy.
To join the "Fair Tax" movement in America, just sign the "Economic Freedom & Fairness" Petition supporting forward-thinking solutions. Go to www.grassfire.net and liberate the working class of taxpayers. Grassfire is trying to give the working class the same kind of freedom America's founders gave to those who joined the American Revolution in 1776 with the "Declaration of Independence." We won the Revolutionary War, but have lost our country since the 16th Amendment (income tax) became "Law" in 1913.
(Excerpt) Read more at bayshorenews.com ...
Fair Tax ping!
Can you add me to your fair tax ping list please?
This is going to be the last shot we get a freedom...we either stand and shout for it NOW, or lose it forever.
We have to let Washington know NOW that we demand this NOW. If we let this slip past us until after elections, it will be deep sixed.
If they realize we will be watching for those who will vote the FAIR TAX in - they will pay attention. The bottom line for these so called representatives is their own butts.
Contact your reps - remind them that they re supposed to be just that: REPRESENTATIVES. Remind them that the pro-Fair Taxers are running at an average of 76%.
It is imperative to us and our freedom that we get the word out to the general population as well. If we all write letters to the editors in our local papers, BRIEF and to the point (more likely to be printed and read - I am in the business) but include good what-is-FAIR-tax-site links, like:
http://www.geocities.com/cmcofer/ftax.html
and
http://linder.house.gov/index.cfm?Fuseaction=Resources.Home&Resource_id=1
then the sleeping public will wake up and the snow ball will take on it's momentum.
IF we do not stand and shout now - we will never be out from under the yoke of the IRS. Think of it this way: without the IRS as a control/blackmail tool, people like Hitlery will have NO power.
Here, too, is a great example of "One picture is worth a thousand words"
which would you rather deal with - a mountain of IRS forms each year or one sheet reporting the number of people in your home?
Actually, neither. I would prefer just a national retail sales tax with no prebate.
I support the Fair Tax since it seems to be the only viable candidate for a NRST out there, but I would much prefer to see a simple retail sales tax without the prebate and a much lower rate than 30%.
The tax rate in HR25 is 23%, not 30%.....
Excellent post!
The Fair Tax rate is 23% when stated as an "inclusive" rate, which is the correct way to compare it with income taxes since they are normally stated at inclusive rates.
The "exclusive" rate, which is how sales taxes are normally stated, is 29.87%.
If you purchase a $100 item under the Fair Tax, you pay $129.87, not $123.
bump
FYI:
http://www.taxreformpanel.gov/final-report/
(see section 9)
Freedom being a monthly entitlement check from the federal government?
Jesse Jackson logic.
ping
Only by taxing the item, then taxing the tax, then taxing the tax on the tax, then taxing the tax on the tax on the tax...
That's how the Fair Tax cult pretends 30% is 23%.
Don't hold yer breath.
Too many people have too much vested interest in the current system.
Look at numbnuts Warren Buffet. He thinks the estate tax is such a great thing on moral grounds? His insurance companies make piles of money selling trust/estate planning services to help people escape it. Of course he wouldn't want it abolished.
And how about your accountant? Every year at tax time when he empathizes with you about how bad the income tax system is. You think he'd vote for eliminating it? That would cut his billable hours by 80%.
Tax reform, pffffft. That'll be the day.
Thank you; I hadn't seen that report before, which seems to do an excellent job of summarizing both the "cash grant" version of a sales tax and the one that I would prefer (a simple "non-reversionary" tax, if you like):
Retail Sales Tax with No Cash Grant
Forty-five states and the District of Columbia currently have retail sales taxes. Many states use multiple sales tax rates and exempt many goods and services from tax. The Panel, however, considered a single-rate tax that would be imposed on a broad tax base because such a tax would be simpler to administer and create fewer economic distortions. The PanelÃÂÃÂs broad tax base would apply to sales of goods and services to consumers, but, to prevent multiple taxation or ÃÂÃÂcascading,ÃÂÃÂ it would not apply to purchases of goods or services by business that are used to produce other goods or services for sale to households.
The Panel initially evaluated the federal retail sales tax using the broad tax base described by advocates of the ÃÂÃÂFairTaxÃÂÃÂ retail sales tax proposal. That tax base (the ÃÂÃÂExtended BaseÃÂÃÂ) would exempt only educational services, expenditures abroad by U.S. residents, food produced and consumed on farms, and existing housing (or what economists refer to as the imputed rent on owner-occupied and farm housing). The long-term likelihood of maintaining this broad tax base is addressed later in this chapter.
Using the Extended Base and assuming low rates of evasion, the Treasury Department calculated that the tax rate required to replace the federal income tax with a retail sales tax would be 22 percent on a tax-exclusive basis. This tax rate, however, does not include a program designed to ease the burden of the tax on lower-income Americans. Moreover, unless the states repealed their existing sales taxes, most consumers would pay both federal and state sales tax on many goods. The weighted average state and local sales tax rate is approximately 6.5 percent on a tax-exclusive basis. Thus, for sales subject to both federal retail sales tax and state and local sales taxes, the weighted average combined tax-exclusive sales tax rate would be approximately 28.5 percent.
The 22% percent (stated on an exclusive basis) for the "no cash grant" version sounds much better to me than 30% with a prebate.
What is the difference between fair tax and flat tax? Which would benefit the lower middle class better?
Wrong.
The 23% tax rate is when you calculated it 'inclusively' (as all income tax is now caculated by the IRS). The 30% number is arrived at when you calculate it 'exclusively', which is how common sales tax is calculated. In either case, so long as you do not change the definition and meaning of the Fair Tax as it is described in HR25, you arrive at exactly the same dollar value. The difference is mainly semantic.
Second, what you call a "cult" is a position on taxes that has been studied by the Economics Dapartment at Harvard, not to mention many other economists. This is no pie in the sky proposition. Further, its already being done... Both Florida and Texas already use the Fair Tax model for their own state taxes. By your definition the legislatures of Texas and Florida are 'cultists'.
The information you are looking for is here: Flat Tax Information
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