Keyword: slavetax
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Advocates of replacing the income tax with the FairTax — a consumption tax in the form of a national retail sales tax (NRST) on new goods and services — regularly point to the complexity of the tax code, the millions of hours and dollars wasted on compliance costs, the evils of the withholding tax, and the abuses of the IRS to bolster their case for the FairTax. The twin truths that taxation is theft (no matter how the money is collected) and that the US government should never be given a budget that is in the trillions (no matter how...
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I consider myself to be fairly liberal on most issues. So some of you might be surprised that I am about to take a position that’s usually the providence of hardcore conservatives. I support HR25—the Fair Tax Act of 2005. Yeah. The one that would replace virtually the entire tax system with a 23% sales tax. I read about it most recently in an unnecessarily hostile editorial by Matthew Holmes. Truth be told, his article did nothing to convince me that the tax is a good thing. But it convinced me to wade through the full text of the legislation,...
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Many of the proposals that are being brought before you have merit. But they have merit in the same sense that treating the symptoms of a serious disease rather than the underlying cause of the disease has merit. If we have no means of treating the underlying disease, then we treat the symptoms in the hope the disease will run its course and the patient will improve. If we have not yet accurately diagnosed the disease, then we alleviate the symptoms until the tests are completed and we can attack the underlying problem. On the other hand, if we understand...
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Why NTU Supports the FairTax: The Fair Tax Act of 2005 would 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. Legislative Status: Rep. John Linder (GA) introduced H.R. 25 in the House of Representatives on January 4, 2005. Senator Saxby Chambliss (GA) introduced S. 25 in the Senate on January 24, 2005. NTU has endorsed the FairTax since 1998 and continues to work for its adoption Benefits of the FairTax: The FairTax plan brings fairness, transparency,...
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A Battlefield for Tax Reform There are a few significant battlefields in the war for tax reform. One of them is Free Republic. What makes the Free Republic battlefield significant is that the debate is at the cutting edge. The debate on Free Republic is the most current and most knowledgeable. It is a year ahead of other significant battlefields (radio talk shows, political town-hall meetings, conversations among neighbors and coworkers.) The trend on Free Republic with respect to tax reform is going to show up in the real world. Free Republic is a tiny segment of the world, albeit...
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We are grateful for the opportunity to expose some of the inequities in the U.S. tax laws. When we began this project, we thought we would highlight a few, mostly wellknown inequities, such as the seemingly interminable inequity between the deductibility of health insurance premiums for the self-employed versus C Corporations. Unfortunately, our investigation uncovered much more. What we found were dozens of sections of the Internal Revenue Code which, on their face, disadvantage small firms. There is little doubt that this is just the surface of the problem. The root causes of these disparities are several.
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Why is it that those who work hardest to deny the connection of "economic" and "moral" issues are also the ones who use money to manipulate the moral lives of Americans? The Bush/Forbes vote auction in Ames, Iowa, last weekend was just the latest example of corrosive big money at work in our political process. What could have been a genuine and informative test of grass roots support became instead a Roman circus of dancing girls, free banquets, and deluxe free transportation, as the money candidates worked hard to import enough well-fed and happy bodies to pump up their vote...
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