To: Son House; Taxman; Principled; EternalVigilance; phil_will1; kevkrom; Bigun; PeteB570; FBD; ...
Cutting tax rates under the federal income tax codes is merely more tinkering with an increasingly oppressive system that maintains the IRS and the 67,500+ page tax code.
The only effective method for a permanent tax cut is a fundamental change of the tax code structure is to replace all federal income taxes with a national sales tax and abolishing the IRS by passing The Fair Tax Act(HR25/S296). The Fair Tax is the stimulus package necessary to revitalize the economy by erasing the 17% disadvantage US firms compared to their foreign counterparts and will encourage US businesses to return more of their plant assets to the US thereby creating more jobs. Fair Tax ping!
8 posted on
10/12/2009 4:40:54 AM PDT by
Man50D
(Fair Tax, you earn it, you keep it! FairTaxNation.com)
To: Man50D
The Fair Tax is the stimulus package necessary to revitalize the economy by erasing the 17% disadvantage US firms compared to their foreign counterparts and will encourage US businesses to return more of their plant assets to the US thereby creating more jobs. And it may stop another practice: sending American-owned liquid assets out of the US financial system to keep them out of the hands of the IRS. Right now, we have around US$2 TRILLION participating in the cash-only underground economy and around US$13 TRILLION (the last best estimate by economists) funneled via tax loopholes to offshore financial centers located around the world; can you imagine what would happen to our economy if we can bring back that US$15 TRILLION in liquid assets to the US financial system, essentially the world's largest "private bailout"?
Finally, ending the income tax would save Americans at minimum US$500 billion per year in compliance costs. That's US$500 per year that could be put to better use elsewhere in our economy.
10 posted on
10/12/2009 5:02:28 AM PDT by
RayChuang88
(FairTax: America's economic cure)
To: Man50D
Alright if you get rid of the IRS then who is going to collect the new sales tax? Who is going to enforce the rebates and make sure their is no fraud? Who is going to make sure Businesses send all of the tax that they are supposed to?
If their is a tax their must be a tax collector my friend!
19 posted on
10/12/2009 8:55:45 AM PDT by
spikeytx86
(Pray for Democrats for they have been brainwashed by their fruity little club.)
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