The Fair Tax, an Idea Who’s Time Has Come?

The Fair Tax, an Idea Who’s Time Has Come?

To celebrate tax day I thought I’d post some info I found online about a tax reformation proposal that is out there.

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 1025) is nonpartisan legislation. It abolishes all federal… -Click Here to read more-

…from www.fairtax.org

Does anyone else find the idea of reporting your income to the Federal Government repulsive? I think it is wrong. I do it. “Give unto Ceaser…” But I don’t feel free when I do. I am not promoting a negative attitude towards government, but I am very open to ideas that make the government less invasive and individuals more free.

So, what do you think?

Jon

A movement to get rid of the IRS and income taxes

One thought on “The Fair Tax, an Idea Who’s Time Has Come?

  1. Ah, taxation policy, a complicated yet interesting subject to discuss, and one of my favorites. After reading the Fair Tax proposal, I like it alot! It will eliminate the administrative cost of the IRS, and give Americans an incentive to work more, since they won’t be taxed on the money they make, and won’t have to worry about making too much money and being bumbed into a higher tax bracket, just to be taxed even more than they already are.

    I’ve heard people say that the Fair Tax plan wouldn’t be fair because the rich wouldn’t get taxed enough, but when you think about it, the rich spend more, and therefore would contribute more to the tax bill. I’m guessing this plan would also eliminate the capital gains tax, and the savings tax, which I see as counter productive anyway. People should not get taxed on what they earn. Besides, lets face the facts that we live in a consumerist society, where everyone wants more more more. A tax on the more more more might make people consume less, but since they won’t be taxed on their income any more, most of those effects should be negated.

    Being an advocate of small government and micromanagement, I also like the way the Fair Tax plan decentralizes the government, and helps keep the government out of our pocketbooks. Yeah, I know, “give to Ceasar, what belongs to Ceasar”, but it is Ceasar who decides what belongs to Ceasar, and in a democratic republic such as our own, we are Ceasar.

    Sorry for the long rant. Good post.

    Andy B.

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