Go find another sandbox to mess up, John. I am tired of your drivel.
You write as though you are a Fairtax expert. Tell you what, why don’t you take my simple Fairtax true/false quiz. We both might learn something. To keep it simple, just list the numbers of those you believe are false. Cheers!!
(1) HR25 abolishes the IRS and the IRC.
(2) There are approximately 67,000 pages in the Internal Revenue Code and supporting Regulations.
(3) A sales tax inclusive rate of 23% would be revenue neutral.
(4) The after tax price of retail purchases will be about the same.
(5) The “prebate” is a tax refund paid in advance.
(6) Your dollars will purchase more under the Fairtax.
(7) You choose when and how much tax to pay.
(8) Everyone will be economically better off under the Fairtax.
(9) Interest bearing investment and debt instruments are not taxed.
(10) There is $10-$15 trillion of US owned assets in offshore accounts in order to avoid taxation.
(11) Buying “used” goods, (tax previously paid), eliminates the tax costs from the sales price.
(12) A national sales tax would have no impact on State and Local governments.
(13) The GDP will rise by around 10% in the first year of implementation.
(14) The Fairtax will save Social Security.
(15) The Fairtax is progressive.
(16) The Fairtax plan will insure that everyone pays their fair share of taxes.
Go find another sandbox to mess up, John. I am tired of your drivel.
Taxman,
I believe you are sincere in your efforts to promote the “fairtax”. But I cannot help you and must side with our founding fathers who based our Constitution‘s original tax plan upon principles which do not change with the passage of time, e.g.,
1. the apportioned tax to be laid if Congress spends more than is brought in from imposts, duties and miscellaneous excise taxes which immediately addresses deficits should they occur, and does so in a manner which creates a very real movement of accountability for each State’s Congressional Delegation when the must return home with a bill in hand for their State’s Governor and Legislature to deal with
2. the rule of apportionment whenever any general tax is laid among the states which ties taxation and representation by the same standard and creates a fair-share formula in the wording of our Constitution, ending the political weapon of class warfare
3. taxing at our water’s edge as a first means to fill our national treasury which not only has foreigners filling our national treasury for the privilege of doing business on American soil, but provides the means to adopt an America first policy through taxes and trade
4. and let us not forget that by restricting Congress to raising internal revenue by taxes on judiciously selected articles of consumption, not only does the market place determine the amount of tax on each article selected, but when Congress is compelled to raising its revenue by taxing consumption, it becomes in Congress’ best interest to encourage a healthy and vibrant economy which in turn leads to a productive consumption and flow of revenue into the federal treasury.
We need to keep in mind the principles underlying our Constitution’s ORIGINAL TAX PLAN and how an adherence to them paved the way for American to become the most prosperous and powerful nation on the planet, while members of Congress were encouraged under it to be loyal stewards of our federal treasury and to practice fiscal frugality as opposed to spreading America’s wealth to the world’s highest bidders.
Perhaps someone of importance in the tea party movement or a concerned radio talk show host with a powerful mike will someday take up the cause and reintroduce America to the wisdom of our Constitution’s original tax plan which proved its worth, but which you seem to dismiss as drivel.
Regards,
JWK
“…a national revenue must be obtained; but the system must be such a one, that, while it secures the object of revenue it shall not be oppressive to our constituents.”___ Madison, during the creation of our Nation’s first revenue raising Act