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"Knowing that every penny the average American has earned from January 1st until today has gone to pay federal, state, or local taxes is a frightening reminder of how much liberty modern Americans have lost. Unfortunately, even after Tax Freedom Day, Americans will still suffer from the Federal Reserve's regressive and hidden inflation tax, which erodes their purchasing power for the benefit of big banks and big-spending politicians.
"As a Congressman, I have never voted to raise taxes or increase spending, which is why I have consistently been named one of the top 'Taxpayers' Best Friends' in Congress by the non-partisan National Taxpayers Union. As President, I will work to reduce the burden of taxes and spending on the American people by passing my 'Plan to Restore America.'
"This Plan not only cuts $1 trillion in the first year of my administration and balances the budget by the third year, but it provides much-needed tax relief to the American people. It does this by permanently extending the Bush-era tax rates, lowering the corporate tax rate to 15 percent, allowing American companies to repatriate capital without paying additional taxes, abolishing the death tax, and ending all taxes on personal savings.
"My ultimate goal remains to repeal the 16th Amendment and end the tyranny of the IRS once and for all. Of the four men seeking the presidential nomination of one of the major parties - President Obama, Governor Romney, Speaker Gingrich, and myself - I am the only one who has consistently opposed increases in taxes and spending. I am also the only one who has consistently fought the Federal Reserve's assault on the middle class' standard of living. My campaign to Restore America Now is the clear choice for any American concerned about rolling back taxes, cutting spending, and curbing inflation."
I still laugh at the middle-lying-liberals who won't get behind Paul because "he's a GOPer"
Everybody would pay tax on every product and service. It would work like this:
A) The Internal Revenue Service would be abolished, along with its $11 billion annual budget. This would help reduce our budget deficit.
B) No more payments would need to be made to the nonexistent IRS and the tax code would be scrapped. No more April 15 deadline. No more forms to fill out, no 1040, 1099, W-2 etc. All federal taxes would be collected through the NST. In other words, you would pay a part of your federal tax automatically every time you made a purchase, like a state sales tax.
C) The $279 billion annual savings for tax preparation would be a huge boost to the economy, as well as all the time and energy saved.
D) All goods and services should be treated equally. Let’s say that the tax rate was set hypothetically at 8%. That means that a can of soup would be taxed 8%. Car repair would be taxed 8%. Yachts would be taxed 8%. Roofing shingles would be taxed 8%. Paper towels would be taxed 8%. Bread would be taxed 8%. Computers would be taxed 8%. And on and on. No exceptions. Because the moment you start to make exceptions for this and that, it becomes a spoils system like the current tax code.
E) Therefore all people who pay for goods and services would pay the taxes. The more you buy, the more you pay. Even the poor would have to pay a small amount in federal taxes. Today they don’t pay anything, which is unfair to those who do pay. Everyone should contribute something.
Originally posted by Germanicus
I would have prefered that he run as independant all along. Im still not sure if he will do it,probably not but if he wanted to draw democrats/liberals it would have been a better way to go.edit on 17-4-2012 by Germanicus because: (no reason given)
Originally posted by KeliOnyx
Oh yes those horrible wicked taxes, we must get rid of them. I mean really what do we need roads, schools and the military for anyway? I bet those people that got rocked by all those tornadoes would be happy to know were shutting down disaster relief as well. Ron Paul the biggest joke in politics.
Originally posted by Swizzy
Pardon my ignorance but I have one question for people talking about taking the IRS down: Wouldn't the lack of tax money just completely take down a country financially? I mean if the US can't handle it with the tax money they are getting now then how are they going to cope without?
I'm not trolling, it's a genuine question!
Originally posted by CB328
Wouldn't the lack of tax money just completely take down a country financially?
Yes it would, but Republicans would rather destroy the country out of spite than see anyone else have a good quality of life. All they want is to have their trailer and gun collection, the country be damned.