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Fair Tax

Dear Editor:

Congress claims they have to avoid going “over the cliff” financially while they continue to kick the can down the road.  What a joke.

The 100-year-old income tax is an abysmal failure.  It is unfair and the only ones who benefit from it are congressional lobbyists and congressmen on the take.  The Fair Tax HR25 and S13 will replace the income tax with a fair consumption tax by eliminating the IRS.

All tax measures must originate in the House Ways and Means Committee.  The bill has been shelved there for over five years without a vote.  It is time to pressure our representatives to do the right thing and move this bill out of committee and on the floor of the House for a vote.

Anyone doubting the Fair Tax only need to realize what would happen to the economy if every person received their full paycheck/retirement every payday and every business never has to report anything to the IRS ever again.  Think it through and support the Fair Tax.

Roy T. Newsom

Granbury, Texas

 

This story was posted on January 31, 2013.
  • http://twitter.com/FilmCriticOne Mark DC

    For someone who pushes this great sounding plan, maybe you should read the fine print a bit. In the fine print, for example, are about 2 trillion dollars in taxes, (out of 3.5 trillion) that have nothing to do with personal retail sales taxes.

    On top of, separate from, and in addition to those personal retail sales taxes, are huge OTHER taxes. For example, all cities would have to pay an “expenditure” tax on all wages, pensions and benefits. This would cost St. Louis 90 million dollars, by itself.

    But there are even more taxes — much more — on cities. The same other taxes are on county government, and state.

    Cook County IL, for example, would owe a staggering 600 million dollars.

    Fairtax is NOT NOT NOT only a personal retail sales tax. That’s what impression they give. But they have massive other taxes.

    This was all exposed by others — yet you can read it yourself in their fine print, just read it very closely.

    President Bush Tax Advisory Panel had no trouble unraveling the hustle, see their 2005 report. They show these other huge taxes on city county and states.

    Can the fed gov actually force city county and states to pay a direct tax? Heck no. And this is especially goofy since Fairtax only mentions these other taxes in the footnotes and fine print, or you have to piece together the :”definitions” — such as the definition of a person, the definition of a wage, the definition of an expenditure.

    Fairtax would need an 89% tax rate, if they ONLY taxed retail sales, so they do not only tax retail sales. They tax much much much more. Part of the other taxes are on city county and states, but also on all medicare patients — everyone who “consumes” medical services or goods, is personal liable for the tax imposed,ho exceptions whatsoever.

    Do they really believe a medicare patient can should and would pay 40,000 in fed taxes on 200,000 of “consumption” of chemo and surgery? No, of course not.

    But they tax it anyway, by these various fine print tricks, so their math will seem to add up.

    WE need a new tax code/ We don’t need sllck deceptions and double talk by the very people who claim they want to have a simple no BS tax code. Turns out, Fairtax is pretty much all BS.