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The Fair Tax

4PF) Crapital One
# allows you to keep 100% of your paycheck, pension, and Social Security payments.
# frees up the time wasted on filling out cumbersome I.R.S. forms.
# makes taxation of income unconstitutional by repealing the 16th Amendment.
# exempts all taxpayers from federal taxation, up to the poverty level, through a monthly rebate.
# ensures that all Americans pay their fair share of taxes.
# dramatically lowers tax rates for low-income and middle-income Americans.
# Dramatically reduces the cost of goods and services by 20% to 30%.
# allows families to save more for home ownership, education, and retirement.
# protects and ensures the funding of Social Security and Medicare.
# leaves unchanged the amount of money raised by the federal government.
# Makes American products more competitive overseas.

Comments

( 2 comments — Leave a comment )
[info]gdj wrote:
Aug. 5th, 2005 07:19 pm (UTC)
Pardon me for being cynical, but that almost makes too much sense. I'd love to see something like this implimented, but I doubt that it will happen.
[info]kansasman wrote:
Aug. 5th, 2005 07:36 pm (UTC)
I agree..... http://www.fairtax.org or this list came from http://www.fairtaxvolunteer.org They propose a flat tax
( 2 comments — Leave a comment )