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What is the FairTax plan? The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment. The FairTax Act (HR 25, S 13) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
Originally posted by Quadrivium
Here in the answer to the income tax...............the FAIRTAX.
What is the FairTax plan? The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment. The FairTax Act (HR 25, S 13) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
www.fairtax.org...
If we were to replace the federal/state income tax with the fair tax we could create much more revenue. Think about all of those living and working here that do not pay income taxes. With the fairtax they would have no choice. Every time the bought something they would be paying their fair share. Look into it.
Originally posted by userid1
Originally posted by dazbog
Income tax was NEVER intended to be levied against " WAGES EARNED "
only the interest on unearned income.
"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
caselaw.lp.findlaw.com...
"...from whatever source derived..." seems to encompass wages earned to me.
Originally posted by babybunnies
The FairTax plan is the best tax plan for ANY country. I live in Canada, and would gladly vote for ANY politician that proposes such a thing.
It means that every single person pays the same. Illegal immigrants pay, corporations pay, the rich pay, the poor pay.
It encourages savings as you only pay tax on stuff you buy, not on money you save. It's a win-win-win for the Government, the poor, and all of those who think that there are too many tax dodgers everywhere.
Originally posted by Quadrivium
reply to post by Rockdisjoint
well here in reality we know that we do need government for some things, a government for the people by the people (yes I know we don't have that now). The country is a lot bigger than it was before 1913 and of course the government will have to get funds from somewhere.
Like I said taxes are not fair but they could be applied in a more fair manner like the fairtax.
Originally posted by Rockdisjoint
Originally posted by Quadrivium
Here in the answer to the income tax...............the FAIRTAX.
What is the FairTax plan? The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment. The FairTax Act (HR 25, S 13) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
www.fairtax.org...
If we were to replace the federal/state income tax with the fair tax we could create much more revenue. Think about all of those living and working here that do not pay income taxes. With the fairtax they would have no choice. Every time the bought something they would be paying their fair share. Look into it.
The FairTax is not "fair", there's nothing fair about taxation.
Originally posted by Rockdisjoint
Originally posted by Quadrivium
reply to post by Rockdisjoint
well here in reality we know that we do need government for some things, a government for the people by the people (yes I know we don't have that now). The country is a lot bigger than it was before 1913 and of course the government will have to get funds from somewhere.
Like I said taxes are not fair but they could be applied in a more fair manner like the fairtax.
What things are the government needed for?
95% of what the federal government does is unnecessary.edit on 15-5-2011 by Rockdisjoint because: (no reason given)
Originally posted by Quadrivium
Originally posted by Rockdisjoint
Originally posted by Quadrivium
reply to post by Rockdisjoint
well here in reality we know that we do need government for some things, a government for the people by the people (yes I know we don't have that now). The country is a lot bigger than it was before 1913 and of course the government will have to get funds from somewhere.
Like I said taxes are not fair but they could be applied in a more fair manner like the fairtax.
What things are the government needed for?
95% of what the federal government does is unnecessary.edit on 15-5-2011 by Rockdisjoint because: (no reason given)
I agree, most of what they do, the majority of us do not want or need. But honestly there is no way for us to undo all of their wrongs in the blink of an eye. It will have to be undone piece by piece or else it will break up what's left of this great nation. The fairtax would be a very good start.
Originally posted by Rockdisjoint
Originally posted by gorgi
Originally posted by Rockdisjoint
reply to post by gorgi
No not really, by taxing income you punish production and thereby protect the currently wealthy from competition. Essentially it means keeping the lid on capital accumulation so that the current owners of capital stay on top. The rich actually love high income taxation, because it's really taxes on the upper middle class and it suppresses upwards mobility in the group that is most likely to compete with them.
edit on 14-5-2011 by Rockdisjoint because: (no reason given)
The rich are not going to stop working or keeping their businesses open because of an income tax. The rich got pissed when FDR raised the taxes on them.
And income tax is different than taxation on other goods such as capital.
Sure they won't stop working, they won't even change their life style, they'll pass costs onto the poor. If you tax the poor, the rich will have to pay them higher wages and charge lower prices, income taxes help no one, but big government.