I'm gunna take this time to blatantly promote the FAIR TAX!!!
ABOLISH THE IRS!!!
The FairTax:
- Creates job where the current system destroys jobs. By stripping out hidden federal income taxes and compliance costs, the FairTax makes US goods more competitive overseas and more affordable at home, thereby sharply increasing job creation while sharply reducing our balance of payments deficit.
- Gives you your whole paycheck. No federal withholding! What you earn is what you get.
- Eliminates Social Security withholding, the most regressive tax of all, while ensuring the system fulfills its promise to one generation without being a terrible burden on the next.
- Dramatically lowers effectivetax rates for lower and middle-income; a rebate ends taxes up to the poverty level.
- Allows families to save more and faster for home ownership, education, and retirement
- Allows homeowners to pay their entire house payment with pretax dollars, a great improvement over the current home interest deduction.
- Frees up time wasted on filling out cumbersome and insrutable IRS forms throughout the economy to the tune of $250 billion or more (about three percent of the GDP)
- Raises the same amount of revenue for the federal government (revenue neutral)
- Abolishes the IRS
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Tomorrow is my birthday LOL
Sorry just had to say that!
- shell81
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