posted on Feb, 5 2009 @ 08:06 PM
You should check out "The Fair Tax Book" by Neal Boortz & John Linder...it really makes the whole idea simple to understand, and it's the best
thing out there now...
1) Repeal the 16th amendment
2) Make the Fair Tax the law
No withholdings for income tax, FICA, social security, etc...no payroll taxes...no business taxes...YOU GET YOUR WHOLE PAYCHECK!!
CRITIC A ) But, that will add 23% to everything we buy.
REBUTTAL) That's false. Because approximately 21-24% of the price of everything we buy is what is called EMBEDDED taxes (taxes paid from
manufacture to sale)...and because there will be NO tax component to operating a business, (anywhere along the process) Embedded taxes will not exist
anymore! Corporations do not pay taxes...they just pass their tax component along to us, the consumer, in the price of their goods and services. The
embedded taxes are gone...and the Fair Tax replaces them, so goods and service will see little to no change in price. EXAMPLE: A $100 Radio contains
about $23 dollars in taxes contained in the price...remove those taxes, the item costs $77. Take it to the register, pay for the item & the Fair
Tax...said item is back to costing you $100. And, this $100 you just spent came from a paycheck that you kept every penny of.
Still with me?
CRITIC B) But, the Fair Tax will disproportionately affect the poor...they will have to pay more because they make less.
REBUTTAL) Read the bill. The Fair Tax has a provision for a rebate (or a "prebate") that every citizen in the country will receive. The amount of
the prebate is based upon the poverty level and household size. The basic necessities of life are not taxed. You pay the Fair Tax on everything, but
the prebate is equivalent to the taxes one could expect to pay on the basic necessities of life, based upon family size. Read the book for more
detail on this because I am not explaining it nearly as well as the authors have.
Bonus!!! Because there is no tax component of operating a business under the Fair Tax, companies that have moved overseas (and those originally based
overseas) will bring their money back to America to work for America and to work IN America. We currently have one of the most punishing tax systems
in the world for businesses, and bringing TRILLIONS of dollars back to work in this country is the greatest economic stimulus plan I can see
Bottom line...this WILL work, it can work...and it should be the law of the land YESTERDAY.
Will it happen? Hard to say. The politicians manipulate the current tax structure to keep power and manipulate the wealth-envious sheeple into
giving votes to those who can promise the most and to those who can say that the "other guy" wants to raise your taxes. Politicians fear losing
their power, and this would be the largest transfer of power from the politicians to the PEOPLE in the history of our nation. A tax revolt is the way
to go...peaceful but adamant. This can happen, but it's gonna take a lot of people to make it so.
So, before you doubt this plan, read up on it some more and see why politicians (especially Democrats) are so against it and why they twist the facts
about it and LIE about it in order to keep their power. It isn't a perfect plan, but I see none better. There's so little fault with it that the
critics have to MAKE UP LIES about it in order to demonize and attack it. If you read up on it, you will be able to counter any argument they bring
to the table. I guarantee that.
So, yeah...find out why Ron Paul isn't on board...but in the meantime, we need to see about that Constitutional Convention to repeal the severely
flawed 16th amendment.
Thanks for hearing my rant...
I hope that this discussion continues. I've been on board with this for a couple of years, and knowledge about it is spreading...slowly but
Spread the Knowledge...