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Fairtax...what do you think, pros/cons????

Posted by on Jul. 28, 2009 at 5:09 PM
  • 7 Replies

The FairTax: Fundamentals and facts

FairTax.org is a research-based organization. Over the course of more than a decade, the

organization has invested millions of dollars in fundamental tax research. Some of this

investment went into polling the American public on the nature of taxes they find the least

offensive and intrusive. Much of the balance of this investment went into studies by some of the

nation’s top economists to ensure such a system can work and to model how it does work. From

the early work, FairTax.org drafted its legislation (HR 25); later research has used this

legislation as a baseline.

The organization is fortunate that Rep. John Linder signed on to forward the legislation

and that talk show host Neal Boortz became an outspoken advocate. Their book (

The FairTax

Book

), which is their own work written with our grateful knowledge, has accelerated the

movement tremendously. We certainly appreciate and support their efforts.

The axioms of taxation have never changed and never will.

It may be amusing to some that with all of the brilliant minds behind the FairTax and all of the

effort put into studying the issue, FairTax.org ended up in the same place as did our Founding

Fathers. From their study of history, these men (without the benefit of computers or advanced

degrees in economics) determined to build a tax system that had at its base these never-changing

fundamentals of taxation:

Only people pay taxes.

Consumption taxes are the oldest form of taxation for many good reasons.

Consumption tax rates are self-limiting.

Consumption taxes, throughout history, have enhanced civil liberties and more.

Direct taxes (income taxes/poll taxes/head taxes), throughout history, have been the tools

of tyranny.

Uniformity of taxation wards off special interest manipulation.

These points address common questions regarding the FairTax plan:

􀀹

The FairTax is revenue neutral at $0.23 out of every retail dollar spent.

􀀹

The FairTax lowers the lifetime tax burden for most Americans.

􀀹

The FairTax benefits retirees who depend mostly on Social Security.

􀀹

The FairTax preserves the overall progressivity of the federal tax burden.

􀀹

The FairTax dramatically improves the U.S. economy.

􀀹

The FairTax improves the international competitiveness of American producers.

􀀹

The FairTax promotes home ownership better than the current system.

􀀹

The FairTax simplifies tax compliance, thereby reducing tax evasion.

 

This is the first page of a pdf in this link....read it, post what you think.

http://www.fairtax.org/PDF/FairTax-Fundamentals_and_facts-070122.pdf

by on Jul. 28, 2009 at 5:09 PM
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Replies (1-7):
PurdueMom
by Sherri on Jul. 28, 2009 at 5:34 PM

I've always found the Fair Tax idea fascinating.   I'm basically for anything that would abolish the IRS...

Sherri
Talee
by Gold Member on Jul. 28, 2009 at 6:13 PM
lilyrose73
by on Jul. 28, 2009 at 6:15 PM

I love the idea of a fair tax...

 

Champions find a way... Losers find an excuse

Talee
by Gold Member on Jul. 28, 2009 at 10:28 PM

 bump damnit....

fairtax.org

 

mistynights234
by on Jul. 28, 2009 at 11:06 PM

 I honestly dont know enough about this to make a decision......off to the .org link.........

rotPferd
by Silver Member on Jul. 29, 2009 at 1:12 PM

I saw a bumper sticker that said "If 10% is good enough for God, then it's good enough for the IRS". It was in a Stuckey's truck stop.

Talee
by Gold Member on Jul. 29, 2009 at 1:15 PM


Quoting rotPferd:

I saw a bumper sticker that said "If 10% is good enough for God, then it's good enough for the IRS". It was in a Stuckey's truck stop.


omg that is awesome lol

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