To: Man50D
I think a lot of people’s concern on here, including mine, is that the Act may not be written such that it abolishes the 16th Amendment the very same time that the Fair Tax would go into effect.
I haven’t read the bill in its entirety, but if something to that effect is written into the bill, then I would imagine it will alleviate the worries of many.
88 posted on
04/13/2009 1:43:28 PM PDT by
wastedyears
(April 21st, 2009 - International Iron Maiden Day)
To: wastedyears
I think a lot of peoples concern on here, including mine, is that the Act may not be written such that it abolishes the 16th Amendment the very same time that the Fair Tax would go into effect.
Per the Fair Tax Act:
SEC. 401. ELIMINATION OF SALES TAX IF SIXTEENTH AMENDMENT NOT REPEALED.
If the Sixteenth Amendment to the Constitution of the United States is not repealed before the end of the 7-year period beginning on the date of the enactment of this Act, then all provisions of, and amendments made by, this Act shall not apply to any use or consumption in any year beginning after December 31 of the calendar year in which or with which such period ends, except that the Sales Tax Bureau of the Department of the Treasury shall not be terminated until 6 months after such December 31.
94 posted on
04/13/2009 4:51:33 PM PDT by
Man50D
(Fair Tax, you earn it, you keep it!)
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