FairTax: Breaking the Chain of Slavery
Feb 04, 2014 | 1279 views | 23 23 comments | 10 10 recommendations | email to a friend | print
Taking property by force is evil whether done by law (slavery and now the income tax), or with a weapon. Slavery and income tax have characteristics in common: both benefit the powerful, both rely on force and fear for continuation of the system, both claim to be necessary for economic survival of government.

Many FairTaxHR25 advocates focus solely on the spectacular economic growth that would occur with passage of FairTaxHR25 as the primary justification of ending the current tax structure. Such focusing allows the evil of the income tax ignored as advocates and opponents do battle. Numbers and studies can be twisted; not so with moral truth.

The moral truth embodied within the income tax structure is this: men are not free who are forced to surrender their treasure either by law or through threat of violence. Worse than the theft of treasure is the silencing of the citizen who finds himself or his business targeted because of personal opposition to those in power. With new regulations, the IRS intends to silence 501(c)(4) not-for-profit organizations who oppose government.



FairTaxHR25 ends the IRS and income tax.  Learn more  www.fairtax.org Tell your congressman to support HR25 and end the evil.

Beverly Martin

Bev4FairTax@gmail.com
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StephenC.
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February 06, 2014
Reply to Glen Terrel's comment on 2/5;

I agree that we ust cut out MOST of those 70,000 pages of the IT. My Flat Tax does that & neuters the IRS, filing on 1 page.

2 UT economists said the underground will pay the same tax as before, just in a different manner AND

I ad that we would now have 320MM NEW tax cheats.

How can we ALL pay LESS in FT if the FT is supoosed to be revenue neutral? Yoir logic if full of holes.

he name FairTax is a baloney marketing tool. Does the name Affordable Care Ac mean that medical care would be "affordable"?

You say "Don't let other people do your thinking for you; think for yourself!" I have done all my own rsearch and analysis. Glen, I submit that it is YOU have have let others think for you.

StephenC.
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February 06, 2014
Rply to Mr. Pierce

I thought you were just a FT pit bull, but now I see that you just don't read or just don't process anythingbthat disagrees with your darly held beliefs.

You say that I have a financial stake in a tax system , because I pay income taxes. I have explained serveral times, that I have calculated that I would likely be LESS FT than IT and thus my financial stake would be to be PRO FT. Does that sink nto your thick skull?

You complain deceptively about my stating the FT sales tax rate at 30% (which it is)and yes, when you go to the store you will see the COMBINED 40% starting rate that will go up to 70% when they adjust it to make up for FT revenues lost to evasion/avoidance. I am sorry, but that is the reality that you want to ignore.

As your buddu Kicker said , "it's nott about YOU".

The Ft is suposed t be revenue-neutral (it won't be) - thus, everone can't win; there are winners and losers and we should pick a new system that will be best overall.

Amerigo M Cimino
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February 06, 2014
Nay-sayers; against the Fair Tax; have yet to put up a solid argument! Making a mountain out of mole hill, is nothing new. You can generate all kinds of opposition, but it does not prove your opposition!

It's as if Mr. Obama; (Or whatever his name is, lies to the Electorate, and it is regarded as Gospel!

There is a constant argument about "creating" jobs.

The Fair Tax is the only answer to THAT argument! The prasent system is "favorite", oriented! Protecting the favored few, is the guideline!

The Fair Tax; protects EVERY TAX PAYER!

The Fair Tax will cut the size of Government. AND the size of those "Mega" Corporations! Under the Fair Tax system; ANYONE could start a business!

Why have we turned into an importing country?

Beause those Giant Corporations, find it more profitable to use cheap labor in foreign Countries! With the fair Tax; there woud be NEW competition, and production will return to our shores! And; with the Fair Tax, we will cut down the size of Government!

StephenC.
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February 06, 2014
Amerigo,

You offer NOTHING but FT propaganda nonsense - you have swalowed wat too much Kool-Aid.

Obviously, you do not have the financial slills to understand the objections that I have laid out in my summary - I notie that you do not request any deails because you obviously do nt want to understand.
Fred Walker
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February 05, 2014
For those who are fond of facts but seldom list their resources or references note the following facts concerning the growth of Our Federal Government due largely to unchecked taxation powers.

1862 - President Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The measure created a Commissioner of Internal Revenue and the nation's first income tax. It levied a 3 percent tax on incomes between $600 and $10,000 and a 5 percent tax on incomes of more than $10,000.

1867 - Heeding public opposition to the income tax, Congress cut the tax rate. From 1868 until 1913, 90 percent of all revenue came from taxes on liquor, beer, wine and tobacco.

1872 - Income tax repealed.

1894 - The Wilson Tariff Act revived the income tax and an income tax division within the Bureau of Internal Revenue was created.

1895 - Supreme Court ruled the new income tax unconstitutional on the grounds that it was a direct tax and not apportioned among the states on the basis of population. The income tax division was disbanded.

1909 - President Taft recommended Congress propose a constitutional amendment that would give the government the power to tax incomes without apportioning the burden among the states in line with population. Congress also levied a 1 percent tax on net corporate incomes of more than $5,000.

1913 - The Federal Income Tax System is ratified.

The origin of the income tax on individuals is generally cited as the passage of the 16th Amendment, passed by Congress on July 2, 1909, and ratified February 3, 1913; however, its history actually goes back even further. During the Civil War Congress passed the Revenue Act of 1861 which included a tax on personal incomes to help pay war expenses. The tax was repealed ten years later. However, in 1894 Congress enacted a flat rate Federal income tax, which was ruled unconstitutional the following year by the U.S. Supreme Court because it was a direct tax not apportioned according to the population of each state. The 16th amendment, ratified in 1913, removed this objection by allowing the Federal government to tax the income of individuals without regard to the population of each State. For additional information on taxation in the United States, see the section on taxes on the web site of the U.S. Department of the Treasury.



1913 - As the threat of war loomed, Wyoming became the 36th and last state needed to ratify the 16th Amendment. The amendment stated, "Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration." Later, Congress adopted a 1 percent tax on net personal income of more than $3,000 with a surtax of 6 percent on incomes of more than $500,000. It also repealed the 1909 corporate income tax. The first Form 1040 was introduced.

1913 Salaries & Wages supplied 22.3% of Federal Income Taxes.

1943 Salaries & Wages supplied 77.7% of Federal Income Taxes.

1982 Salaries & Wages supplied 81.4% of Federal Income Taxes.

Less than 1% of the population paid federal income tax at the time.

Note: $20,000.00 would be ~$476,000.00 in 2013 Dollars!

Nominal

Married Filing Jointly

Marginal Tax Brackets

Tax Rate Over But Not Over

1.0% $0 $20,000

2.0% $20,000 $50,000

3.0% $50,000 $75,000

4.0% $75,000 $100,000

5.0% $100,000 $250,000

6.0% $250,000 $500,000

7.0% $500,000 -

The Federal Government gained its power by instituting what started as a flat Federal Income Tax!

Don't be fooled, study the history of the United States before 1913 and before the Federal Income Tax. The greatest growth and prosperity for the Citizens of the United States occurred before 1913. In contrast the Federal Government and its Tax burden experienced its greatest growth after passage of the 16th Amendment which allowed the first (legal) Income Tax!

1913 - The Federal Reserve System is Born.

1918 - The Revenue Act of 1918 raised even greater sums for the World War I effort. It codified all existing tax laws and imposed a progressive income-tax rate structure of up to 77 percent.

1919 - The states ratified the 18th Amendment, barring the manufacture, sale or transport of intoxicating beverages. Congress passed the Volstead Act, which gave the Commissioner of Internal Revenue the primary responsibility for enforcement of Prohibition. Eleven years later, the Department of Justice assumed primary prohibition enforcement duties.

1931 - The IRS Intelligence Unit used an undercover agent to gather evidence against gangster Al Capone. Capone was convicted of tax evasion and sentenced to 11 years.

1933 - Prohibition repealed. IRS again assumed responsibility for alcohol taxation the following year and for administering the National Firearms Act. Later, tobacco tax enforcement was added.

1942 - The Revenue Act of 1942, hailed by President Roosevelt as "the greatest tax bill in American history," passed Congress. It increased taxes and the number of Americans subject to the income tax. It also created deductions for medical and investment expenses.

1943 - Congress passed the Current Tax Payment Act, which required employers to withhold taxes from employees' wages and remit them quarterly.

1944 - Congress passed the Individual Income Tax Act, which created the standard deductions on Form 1040.

1952 - President Truman proposed his Reorganization Plan No. 1, which replaced the patronage system at the IRS with a career civil service system. It also decentralized service to taxpayers and sought to restore public confidence in the agency.

1953 - President Eisenhower endorsed Truman's reorganization plan and changed the name of the agency from the Bureau of Internal Revenue to the Internal Revenue Service.

1954 - The filing deadline for individual tax returns changed from March 15 to April 15.

1961 - The Computer Age began at IRS with the dedication of the National Computer Center at Martinsburg, W.Va.

1965 - IRS instituted its first toll-free telephone site.

1972 - The Alcohol, Tobacco and Firearms Division separated from the IRS to become the independent Bureau of Alcohol, Tobacco and Firearms.

1974 - Congress passed the Employee Retirement and Income Security Act, which gave regulatory responsibilities for employee benefit plans to the IRS.

1986 - Limited electronic filing began. President Reagan signed the Tax Reform Act, the most significant piece of tax legislation in 30 years. It contained 300 provisions and took three years to implement. The Act codified the federal tax laws for the third time since the Revenue Act of 1918.

1992 - Taxpayers who owed money were allowed to file returns electronically.

1998 - Congress passed the IRS Restructuring and Reform Act, which expanded taxpayer rights and called for reorganizing the agency into four operating divisions aligned according to taxpayer needs.

2000 - IRS enacted reforms, ending its geographic-based structure and instituting four major operating divisions: Wage and Investment, Small Business/Self-Employed, Large and Mid-Size Business and Tax Exempt and Government Entities. It was the most sweeping change at the IRS since the 1953 reorganization.

2001 - IRS administered a mid-year tax refund program to provide advance payments of a tax rate reduction.

2003 - IRS administered another mid-year refund program, this time providing an advance payment of an increase in the Child Tax Credit. Electronic filing reached a new high - 52.9 million tax returns, more than 40 percent of all individual returns.

It requires 10 pages to make an alphabetical list of the current Federal Government Agencies. This unchecked growth will not stop until the 16th Amendment is repealed. HR:25 is structured to allow an orderly transition from Our current failed Federal Income Tax to an equal Federal Tax system structured according to the original wording and intent of the United States Constitution. HR:25 is the only Federal Tax Bill before Congress that calls for repeal of the 16th Amendment. The ideology of HR:25 is not new, it is as old as the U.S. Constitution. Equally apportioned sales taxes were the normal way the Federal Government raised revenue before 1913!

Those person who propose keeping the Income Tax understand how much Federal Power will be lost in the event HR:25 is passed and the 16th Amendment is repealed. We have over 100 years of history proving the ineffectiveness, corruption and tyranny instituted by the Federal Income Tax. Help stop the abusive power of the Federal Government by demanding your Representatives & Senators support, promote and pass HR:25 The Fair Tax Bill.

This information can be verified @:

http://en.wikipedia.org/wiki/Revenue_Act_of_1913

http://www.irs.gov/uac/Historical-Highlights-of-the-IR

http://www.loc.gov/rr/business/hottopic/irs_history.html

http://www.usa.gov/Agencies/Agency-Index.pdf

www.fairtax.org

David Boone
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February 06, 2014
Response to the National Republican Congressional Committee

You have put tax reform at the top of your "to do" list and I wholeheartedly agree. Properly done this one reform alone can turn this ailing economy around on a dime. Unfortunately what you seem to be proposing is tweaking around the edges of a tax system which is outdated by a hundred years. You must put aside the old quid pro quo of tax favors and campaign contributions because as it stands now, you no longer represent the people. This fact stands at the core of polls showing Congressional approval in single digits. What we have now is taxation without representation. The answer you seek is the FairTax.
StephenC.
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February 06, 2014
FRED,

You offer the same long diatribe all the time.

There is no argument - the current system is terrible an must be changed, but NOT the the awful FT.

A very flat income tax (10%, N exemptions, business income taxed on a simle basis to owners - no corporate income tax) IS the right answer. The IRS is neutered and filing is only 1 page. As long as we watch Congress on this (or the FT or any oother tax system), we can prevent Congress from playing games with the tax system

StephenC.
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February 05, 2014
Reply to Locke's attack on Mark Curran & me;

You exose yourself as an Alinsky attack dog by

(instead of making substantive arguments, you;

Insult Mark ersonally,

Claim to be "bored" by anti-Ft arguments,

Falsly claim that we are paid by anti-FT lobbyists,

Claim that we lie (without stating exactly wha you call a lie.

As Jack Nicholsson said in A Few Good Men, "The truh! You can't handle the truth"
StephenC.
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February 05, 2014
Reply to Jeffrey Locke,

Boy, you have sawllowed way too much Kool-Aid.

You justify more social welfare because we have so much corportae wefare. If you Socialists keep ratcheting up bith, the US will go bankrupt.

You are worried about fundng SS (and make seniors start paying all over again). Instead, we should fully privatize SS/Medi.

Are you telling us that YOU can predict economic results? Which stocks should I buy?

Your 80 "leading university econmists" are mostly students who have little or no idea about the FT (I know because I called a number of them) - and they can't predict the economy either.

Show me (and Mark Curran)the economic papers that suport that $22MM in "proven" research. The AFFT's site 1st said "$22MM in research AND MARKETING - they later simply dropped AND MARKETING (because it looked better. So, none of your propaganda trumps my criticisms.

You see a monthly "prebate" as beneficial. I would find a bigger monthly check "beneficial" but the question is why should taxpayers send the poor a monthly check ON TOP OF CURRENT WELFARE?

If you think lobbyists are excluded from the FT, you are way too naive.

StephenC.
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February 05, 2014
Reply to Glen Terrell,

All you ever do is spout the same old tired FT propaganda.

2 UT economists posited that the underground (which pays "embedded taxes" today, will pay no more in FT. AND we will now have 320MM NEW tax cheats trying to evade/avoid FT.
StephenC.
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February 05, 2014
Reply to Amerigo Cimino (Part 2)

While the Ft REPLACES those taxes, it imposes the FT which is intended to match the revenues from the repealed taxes - there is nt supposed to be any big rduction in our tax burden.

NEWSFLASH. You cannot fire federal workers. Our govt will surely find other work for those former IRS staff, including auditing SS Wage reports, Obamacare and they will als find a way to take part in FT auditss, especially if consumers are audited.

You are ranting FT propoganda. To araphrae Geourge Orwelll in Animal Farm, we are all equal excpet that the poor are MORE equal - they get more tax welfare.

You appear to have no financial skills. The AFFT has already admitted that the 22% embedded tax claim is WRONG. The economist who first said that, Harvard economist Dale Jorgenson later "explained" that it would only be about 7% (MAXIMUM). AFFT now clains 12.5% (but their figures are bogus). Next you must add 30% FT. So AFFT claims a net increase of 14% - I say 25 %. I hope you understand now.

Glen Terrell
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February 05, 2014
Stephen,

The FairTax taxes ALL CONSUMPTION OF NEW GOODS AND SERVICES. The income tax has 70,000 pages of exceptions, loopholes and give-aways plus there is an estimated $2T annual underground economy that hasn't been taxed for the last 101 years.

As a result of these differences in tax base there will be an estimated 70,000,000 NEW TAX PAYERS when the FairTax is adopted! So if you are now paying your income tax, the amount you pay will be less; maybe much less. If earn your money in the underground economy the taxes you pay will go up; probably way up. Plus tourists in America will pay the FairTax. Doesn't that seem fair?

Thus the name: FairTax.

Don't let other people do your thinking for you; think for yourself!
StephenC.
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February 05, 2014
Reply to Amerigo Cimino (Part 1)

The Fair Tax (“FT”) INCREASES WELFARE

The FT’s Prebate is a WELFARE check that leaves many dependent upon the govt for a large portion of their monthly income – a very bad idea. The Prebate is not a refund of FT paid, but a new independent $600B ENTITLEMENT, that will only increase in the future - the very last thing we can afford.

The Prebate is advertised to insure that the poor pay no FT, merely assuming that we all agree with that goal. Further analysis exposes that the Prebate goes much further – it gives the poor a large FT PROFIT.

The Prebate gives every family a monthly check purportedly to cover the FT they would pay on “poverty level purchases” as defined by the US HHS Dept.’s Poverty Guidelines and makes “adjustments” to them.

The Prebate next “assumes” that EVERY family of each size spend a certain amount of dollars (For 2014; $11,670/adult, $4,060/child) which is then multiplied by 23% (the tax-INCLUSIVE rate) to yield the Prebate that will reimburse all the of the FT ($2,684/adult, $934/child) that is THEORETICALLY paid.

To illustrate, assume there is a family of 5; Husband, Wife, 2 kids, and the Wife’s Sister lives with them. They would be “assumed” to spend a total of $43,130 ($11,670 x 3, plus $4,060 x 2). Their 2014 Prebate would be $9,920 ($43,130 x 23%, the “tax-inclusive” FT rate). The $9,920 Prebate is calculated to pay back 100% of the FT THEORETICALLY paid by the family, but as shown below it greatly OVERPAYS the amount of FT ACTUALLY paid by the family.

Point 1. The FT corrects for the “Marriage Penalty”.

The problem is that there IS NO “Marriage Penalty” in the underlying HHS Guidelines – they were developed as impervious to the age (or the marital status) of the person. They provide $11,670 in spending for the 1st PERSON in the household and $4,060 for the 2nd PERSON (the 1st PERSON gets more to pay the rent) – it does not matter whether the person is an adult or a child or whether the adults are married or not. What the Prebate does is “make believe” that the HHS Guidelines say “Adult” & “Child” and then is more generous to marrieds – the Prebate is generous in giving away more money, YOURS.

RESULT: The Prebate assumes this family spends $7,610 MORE and overpays them by $1,750.

Point 2. The Prebate’s more generously defines “family”.

FT’s more-limited (than the HHS guidelines’) definition of “Family” allows for more FT “families” in a single physical household than the underlying HHS Guidelines would allow. A FT “family” includes only lineal ncestors/descendants (plus adopted). Thus, the Wife’s Sister would be treated as a separate family under FT, and thus as an adult (this would NOT occur if the HHS Guidelines were followed).

RESULT: The Prebate assumes this family pays $7,610 MORE and overpays them by $1,750.

Point 3. The Prebate “assumes” that ALL spend AT the poverty limit.

If the family ACTUALLY spends LESS than the maximum amount a family can spend and still be at the HHS Guidelines’ limit, they will be overpaid. This family is “assumed” to spend $43,130.

RESULT: If ACTUALLY spending is only $40,130, the Prebate will OVERPAY them $690.

RESULT: For Points 1-3, The Prebate assumes $18,220 MORE spending and overpays by $4,190.

Point 4. The Prebate OVERPAYS for USED goods. If the family buys some goods USED (and can prove the seller paid FT) they will not have to pay FT. Yet the Prebate “makes believe” that they DID pay FT.

RESULT: If the family bought $5,000 of USED goods, the Prebate would overpay them by $1,150.

Point 5. The Prebate OVERPAYS for Black Market purchases.

If the family buys some goods on the Black Market, they will pay no FT. The FT “makes believe” that all of the money is spent legally so that full FT is paid.

RESULT: If the family spends $5,000 in the Black Market, the Prebate overpays them by $1,150.

Point 6. The Prebate OVERPAYS for In-Kind Welfare

If the family is on Welfare, a substantial portion of their support will be paid IN-KIND (e.g., Medicaid, Housing Assistance). The poor will NOT receive cash for these items and pay FT – WE DO. Thus, the FT “makes believe” that the poor actually paid the FT and repays THEM for FT WE paid.

RESULT: If in-kind welfare is $6,000, the Prebate overpays by $1,380.

RESULT: For Points 4-6, Prebate assumes FT paid on $16,000 of purchases and overpays $3,680.

RESULT: For Points 1-3, Prebate assumes $18,220 MORE spending and overpays by $4,190.

RESULT: Grand Total overpaid Prebate; Points 1-6 = $7,870 (i.e. $9,920 minus $2,050, total actual amount of FT paid on actual spending on which FT is paid in this illustration ($8,910). PLUS, the poor get free SS/Medicare.
Jeffrey Locke
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February 05, 2014
Government dole is everywhere Stephen! Your arguments against the freedom and liberty of the Fair Tax model fall flat. So the corporate welfare is on the Right and social welfare on the Left. Only relieving debt liberates and the Fair Tax grows the GDP from a low of 5 percent annually to a high of 7 percent to erase the over 260 Trillion Dollar DEBT the unfunded Social Security, Medicare/Medicade dibacle! Get off it Stephen. 80 of the leading university econmists have endorsed the Fair Tax for the GDP growth it spawns. And 22 million dollars in proven research trumps your naysaying criticisms. I see a monthly "prebate" as more beneficial then the too late income tax refund that comes to 50 percent of the population. Besides, with the indirect tax on personal consumption choices coupled with the prebate to offset consumption to the federal poverty-level no lobbyists can manipulate the tax code for loopholes and profit. Of which loopholes command fully 50 percent of the lobbyists in Congress RIGHT NOW!!!!
StephenC.
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February 05, 2014
Reply to Bev Martin,

First, there are only 73 Reps, not 74 - 1 resigned for taking drugs. And that's after 15 long years.

I have talked with some of those and not a 1 had any real idea of how the FT works. They have signed on in order to pander to the FT lobby, knowing full well that it will never be seriously considered.One Rep told us that he hated it, but signed on solely to trade for a favor from another Rep who asked him.

What you laughingly call research is to drown yourself in FT propaganda. Merely swallowing all of their hype is NOT research, but indoctrination. Ken Hoagland, long-time FT salesman is entirely unimpressive - he has offered no substance when replying to me.

RESEARCH means studing and analyzing the FT economic reports, thinking through the practical financial and tax implications of what the FT would accomplish.

Bev, you are full of dramatic rhetoric. "FT ends slavery". "FT ends legal theft". What is the FT exceptwhat you call "legal theft" (what I call, raising money to pay the nation's bills - although Congress raises too much money to pay for more things than they should be buying)in a different form - via purchases instead of via income? This must be the nonsense that sells to the FT's gullible,naive audience.

StephenC.
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February 04, 2014
Wow, The FT propaganda is becoming even more bizarre. In addition to grand (unpredicatble ) ecnomic claims, now the FT will also free us from slavery.They must be getting desperate.

The “Fair Tax” is a Fraud – we need a 10% “Tithe” Tax!

I am a retired lifetime tax consulting professional (JD, LLM in Taxation, CPA, co-author of a 3 volume tax treatise, lecturer), with no financial stake in ANY tax system. This only a brief summary - for supporting details of all comments, call Stephen C. Eldridge tel. 423-532-7337.

The so-called “Fair Tax” (“FT”) is a fraud – it is MORE WEALTH REDISTRIBUTION, AND a financial SCAM.

In their own words, FT proudly advertises that it is MORE PROGRESSIVE (yes, it INCREASES WELFARE).

Most importantly, the Prebate is NOT a real refund of FT paid as advertised, it is a new $600B ENTITLEMENT, leaving ALL Americans receiving a monthly check from the federal govt – a very bad idea for those of us who are not Socialists. We simply cannot afford yet another huge entitlement that will only be increased.



The FT and the Prebate would leave the working poor making no contribution to funding the federal budget and nothing for their personal SS/Medi benefits. The FT and the Prebate FT then extend tax welfare to the non-working poor - it takes the next Progressive Cloward-Piven step towards giving SS/Medi for all regardless of work, by removing the tax “penalty” for reporting SS Wages, thereby “inviting” fraud.

The Prebate is apparently calculated to merely repay the poor for any FT they pay, but actually would pay them far MORE than any FT they might pay (by “assuming” the poor spend MORE than the underlying HHS Poverty Guidelines and also by “assuming” they will pay FT on ALL of their purchases, but they WON’T) - and also provides free SS/Medi to the working (and some non-working) poor.

The FT produces a 40-70% in-your-face retail sales tax that would spark a taxpayer rebellion that would destroy our 70% retail-sales-sensitive economy. 40% = 30% (not 23%) FT e.g., 10% S/L sales tax and 70% is the rate needed at a sample 30% FT evasion rate (the FT incredibly assumes ZERO evasion and ZERO intentional reduction in spending and ZERO migration from new to used goods).

IN ADDITION to that 40-70% tax, the FT contains several HIDDEN TAXES. 1) FT’s 30% rate is really 42 %; the 12 % is hidden by having fed S/L govts paying FT – ultimately, they must get that money from you. 2) The initial 30% rate is 1-5% short and that plus any other revenue shortfall will have to be made up by raising more FT (or a NEW Income Tax), 3) The fed budget will rise for a) higher SS benefits and higher COLA’s payable to all federal retirees, both induced by FT’s price increase of nearly 30%, and for b) fraudulent new SS benefits invited by FT’s removal of the “tax penalty” for reporting SS Wages, – more FT (or a NEW Income Tax) we be required to fund these.

The NEW IRS (i.e., the STAA) may well be far worse, far more invasive than today’s IRS (the buyer is liable to pay FT and get/show a receipt) – we may well have to file an “Annual FT Summary”.

We may well wind up with BOTH a NEW Income Tax AND the FT.

Seniors will start to pay for SS/Medi again and some will pay a 2nd-3rd tax on their earnings. Many middle class seniors will pay more tax under FT and many will lose purchasing power because of the 15-30% price increase and because of higher S/L & federal taxes required because they must pay FT and can only get the funds from us.

The FT promises grand economic benefits which are all UNPREDICTABLE - mere Hype & Change.

What we need is a Flat Income Tax with No Deductions, No Exemptions, No Credits and a 10% rate, with business income taxed to shareholders on a very simple basis (i.e., no corporate income tax) - See H.R. 1040, but with changes as noted here (IRS is neutered, 1 page tax filing, everyone pays - more evolutionary). Call your representatives in Congress and let them know that this is what you want.



amerigom@aol.com
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February 05, 2014
StephenC; YOU must be a Politician; or a Nephew!

Write a note, to explain how the fair tax increases Welfare! First of all; The Fair Tax will eliminate all existing Fwderal Taxes, INCLUDING ALL EMBEDDED FEDERAL TAXES! "The FAir TAX; iNCREASES wELFARE"?

WITH THE NUMBER OF WELLFARE RECEIPTIANTS ALREADY ON THE ROLLS? That's like saying the present system is creating jobs. The greatst benefit; The Fair Tax, will cut the Federal Government Workforce down to size! The Federal Government Hires; Tax Collectors! EVERY Government worker is a TAX COLLECTOR, all of their salaries are a burden on our tax system! Those unnecessary "workers" will surely join the welfare crowd! Their welfare checks will certainly be less than the bloated salaries they receive now! Mr.Obama; (Or whatever hiis name is), says we need to treat every Amereican as equal! No plan is more equal than the Fair Tax Plan! EVERYBODY; no matter, "race". "Color" or "creed", WILL participate! NO exceptions, AND, NO paperwork! AND; NO April 15th, deadline! AND NO Income Tax! AND; Workers; will get 100% of their paychecks; NO deductions!

EVERY item you buy, has approx. 22% of the cost, embedded in it's sale price! THOSE WILL BE ELIMINATED! Can you see the light? Can YOU understand the 60,000 ; pages of the Income Tax Code? The Fair Tax is SIMPLE. GOD Bless America! In GOD We Trust!

John Pierce
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February 06, 2014
Now you are Stephen C but

you are so tiresome Mr Eldridge. You have a financial stake in a tax system and you know it, because you pay income taxes I assume. From that perspective how can you not want to pay federal tax when you choose, as in a consumption tax. In the many places you appear with your tired arguments you make the Fairtax higher than it is and then combine state taxes in the total to make it sound even worse. The FairTax HR25 has nothing to do with any states tax rate. Even if I accept your 30% tax rate for the FairTax I am still doing quite well, even without the prebate. My income tax rate of 10% goes away and 15% payroll tax goes away. Gosh that leaves me with 5% not even including the prebate...what is not to like?
Mark Curran
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February 04, 2014
I was an early supporter of Fairtax -- even before the famous "Fairtax Book" came out.

Sounded great. Sounded fantastic -- a simple personal consumption tax, that you decided to pay or not, simply from what you buy.

All researched by 80 top economist!

One little problem. Well, two. First, there is no research -- I've offered 50,000 dollars now for years, if they will show ONE PAGE of that 22 million dollars of research. Not a page, not a post it not, there is nothing to that claim of 22 million in research, but BS.

What they hope you believe is "research" is nothing of the sort, it's their public relations company, Beacon Hill, putting out silly double talk "assumptions". That's not research.

Another thing: Fairtax documents, the public relations BS - has massive, two trillion dollars massive -- of OTHER taxes, on top of, in addition to, and paid separately from the retail tax they tell you about in books, videos and speeches.

Like 800 billion dollars of taxes on city county and states -- which are taxed on their pension and wage "expenditures". Texas state gov would owe over 2 billion dollars, just as a tax on their wages pensions and operational expenditures!!

And in the fine print, Fairtax documents cleverly "assume" city county and states will "raise their tax rates appropriately",

There are massive taxes imposed on medicare patients, medicaid patients, too, without exception, and cancer victim on medicare who "consumes" 100K of cancer treatments, would be liable for 23K of taxes!!

Why tax city and states and cancer victims, in the fine print? TO make their math work.

Fairtax sounds great because it's political theater.

We need a new tax code, not BS by hustlers,

Bev Martin
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February 04, 2014
My goodness! I guess the 74 cosponsors to HR25 in the House must be dummies. Or maybe the real dummy is someone who would take my,Marc or Stephen's opinion as fact without doing some investigation on their own. No research? I must be delusional. I've spent countless hours over the last four years reading the white papers and the research behind the FairTax. And in case the point was not clear - the FairTax deserves support because it ends the legal theft of private and corporate property by ending the income tax and replacing it with a consumption tax. My favorite book is by Ken Hoagland, The FairTax Solution: Financial Justice for All Americans.
amerigom@aol.com
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February 05, 2014
Mark Curran; No kidding?

YOU must be a Government Worker!
Mark who read s
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February 05, 2014
You show me 1 page of that research I will give you 50,000 dollars. What part of this don't you get? The BS in Beacon Hill documents IS NOT, is NOT, is NOT research, and more, its not even about a simple retail sales tax.

My offer is 50K for ONE PAGE of that 22 million in research about a simple personal retail tax that replaces all other fed taxes. '

Try. To. Grasp. This. There is no such research, what they put out is BS, not resesarch anyway. ANd its NOT about a simple retail tax. On TOP of that simple retail tax, they have massive, truly massive, OTHER Taxes you have no clue about.

Show me 1 page of that research -- no one has ever done it, because what they show is BS, and not at all research, and not about a simple retail sales tax on persons.

Jeffrey Locke
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February 05, 2014
Mark you are nothing more than a slash and burn flame thrower of untruths and halftruths. You bore me with your incoherent "The Sky is Falling if the Fair Tax Passes" drivel. The real reason you cast falsehoods is that you have your sacred cow to protect. I am sure paid lobbyists love the lengths you go to manipulating and disrupting the reform measures of the Fair Tax HR25/S122. Admit it Mark you are nothing more than a hired hit man. And Stephen is your trusty sidekick. Your lies and distortions painted as scathing revealations fall flat under the scrutinity of the TRUTH!!!