RE: Does this surprise anyone?

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RE: Does this surprise anyone? - 8/13/2008 9:55:01 AM

OrionTheWolf

Posts: 7803
Joined: 10/11/2006
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The simplicity and beauty of this is:

Elimination of the IRS

Elimination of double taxation on incomes

The percentage can be changed permanently or temporarily as needed. This should be done only by the legislature (sp?).

Does not tax unless you spend so it rewards savings and reinvestment.

We are a consumer nation, so a consumption tax seems appropriate. Let foreign companies start here, but they pay the tax here. Let Mega Corps have places here, but they pay the tax here. This also eliminates the extra tax to have employees, at the federal level at least.

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: OrionTheWolf

The solution ------ http://www.fairtax.org

I agree but it doesn't go nearly far enough. These kind of suggestions forget...we have what will soon be $10 trillion in federal debt. Also, we have a tremendous entitlement bill coming up and that HAS to be reformed and still payed out.

_____________________________

When speaking of slaves people always tend to ignore this definition "One who is abjectly subservient to a specified person or influence."

(in reply to MrRodgers)