Posted on 05/21/2013 8:10:25 AM PDT by Westbrook
S. 122: Fair Tax Act of 2013
Summary: 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 sales tax to be administered primarily by the States.
More info ... http://www.govtrack.us/congress/bill.xpd?bill=s113-122
93% support out of 836 votes as of this post.
I am strongly in favor of a national sales tax but only if the IRS and all personal and business income taxes are abolished simultaneously with the establishment of that national sales tax. I do not trust the corrupt thugs in DC to eventually get around to abolishing the IRS.
The 'prebate' will be a larger problem than the IRS. We don't need the prebate. Just lower the rate. Keep it simple. Stop the progressive, entitlement thinking.
Abolish the for profit, foreign owned private corporation known as the Federal Reserve Bank while you are at it. It is as Federal as Federal Express, has no reserves, and is not a bank. It creates money out of thin air and charges the American people interest to use our own currency. It conveniently doesn’t create the money to pay back the interest so eventually all the real wealth of the country ends up in their private, foreign hands.
> I am strongly in favor of a national sales tax but only if
> the IRS and all personal and business income taxes are
> abolished simultaneously with the establishment of that
> national sales tax. I do not trust the corrupt thugs in DC > to eventually get around to abolishing the IRS.
Then be sure to let your senator know that you support S 122 and be sure to convey your concerns, much as you have here.
I have actually used language as strong as yours when communicating with my congressional delegation.
Why? Who's going to collect the national sales tax? It could be Treasury. If that's the case, they could also collect the Flat Tax. Indeed, since all income sources are subject to the tax, the payers of income would deduct the 17% on all income sources and send it to Treasury. At the end of the year, Treasury deducts the deduction and mails you a check for the difference. You wouldn't even have to file a return.
A VAT tax is probably the worst tax imaginable. Think about it: a tax on the "value added" (how do you really measure that?) at every step of the production/distribution process. Given that something a simple as bread has up to 67 steps, just think of the bureaucracy that would create.
> The ‘prebate’ will be a larger problem than the IRS. We
> don’t need the prebate. Just lower the rate. Keep it
> simple. Stop the progressive, entitlement thinking.
Agreed.
Sales tax is intrinsically “progressive”, because people spend according to their income level.
Also, when I hear the IdiotInChief say: "The rich are taking advantage of tax loopholes and aren't paying their fair share", I can't decide whether to laugh or throw up. First, who does he think put the loopholes there in the first place? They put them in to hand out political favors in hopes of contributions to keep their a$$ in office. Second, the top 10% of income earners pay almost 70% of the tax bill. If anything, the rich should be paying less.
Finally, if Warren Buffet and his ilk really feel they don't pay enough taxes, why am I hearing about it? Why don't they just open their checkbooks, write a check for an amount that makes them feel warm and fuzzy, and then STFU. The rest of us are having a hard enough time with this Bozo running things without them adding to the problem.
Couldn’t it be said this new tax would be in “direct proportion” to the census? Since it would apply to everyone, the “proportion” would be 1:1.
Just an idea. Since it’s vital the 16th amendment be repealed, especially if this new tax is created.
Otherwise we could simply write our senators and tell them to include similar language as the 16th.
OK, then repeal the 16th.
This requires another amendment, of course.
And while they’re writing the repeal, include language prohibiting a tax on income.
Prohibition of government employee unions would be a bonus as well.
By my quick math if you take the current taxes revenue needed to run the government ($3.5T) and divided by the current GDP $15T it would give us a sales tax of 23% +/-.
Currently here in Washington State they do not tax sales on food products purchased for future preparation. Fast food, chips, and anything that is considered for immediate consumption is subject tot sales tax which varies across the state from about 7% to 10.5%.
> By my quick math if you take the current taxes revenue
> needed to run the government ($3.5T) and divided by the
> current GDP $15T it would give us a sales tax of 23% +/-.
I don’t think GDP is the right number, because it excludes sales from imported products.
Repeal of the 16th Amendment would only prevent taxes on rents, dividends and interests. These are taxes on capital and thus direct taxes. Taxes on wages and salaries are considered excise taxes and would be allowed even if the 16th Amendment were repealed.
this is good - the Fair Tax promoted by Neal Bortz is better, IMO.
No way!!! with the current tax law i can hold my taxes to 15%!!
If you’re too damn stupid to read and use the tax code to AVOID TAXES you’re too damn stupid to be voting!
> If you’re too damn stupid to read and use the tax code to
> AVOID TAXES you’re too damn stupid to be voting!
Ad hominem is typically the refuge of the left. Are you recovering, or are you still suffering from the affliction?
And if all of us who would like to see the abolition of your precious “tax code”, and its attendant leviathan the IRS, stopped voting, this country would be much worse off than it is right now.
Keep an eye on this. This must do a couple of things FIRST:
Include a provision that the income tax Amendment is repealed BEFORE the new taxes go in place.
That this does not turn into a VAT.
No exemptions.
Other than that, I approve of a consumption tax over a production tax.
You’re too stupid to be voting!
The legislation we’ve backed before has universally included a repeal of the 16th before the new taxes go into effect.
Which is bigger? 15% of your beloved income tax? Or 10% on a sales tax?
If you can’t figure that one out, you are “too damn stupid to be voting.”
How about, abolish the IRS, don’t replace the income tax with anything, and just shut down the whole damned federal government?
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