Folks, we think it might be time to support a new system of taxation in this country. The FairTax is one of the options.
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.
The FairTax Act (HR 25, S 296) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.
The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
Try the FairTax Calculator here.
Read more here
Stuart Oberbeck says
Without a doubt my personal estimation The FairTax, it’s time. | North Carolina Tea Party is just a incredibly well prepared account. Without a doubt perfectly worth referfing to together with really worth talking about http://www.ncteaparty.com/2010/01/the-fairtax-its-time/ as a result. Good luck, Stuart Oberbeck
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Don says
I think that the tea party should ask the candidate will they sign a statement that they would vote for a flat tax.
With the money that would save we could make sure our retires would be better off than they are now. A fare or flat tax would save money with the IRS and the wasted pork , lobbyist ect. and the list goes ON.
Mike Bormann says
People! We need to think bigger than this. While I personally support the Fair Tax, the question that needs to be answered is: How do we starve the beast? As long as we pay our taxes directly to the feds, there is little chance of substantially changing the status quo. Why? Because there is no incentive to do so. The point should be to return this country to Federalism, reducing the power of the federal government to its Constitutionally enumerated powers and returning that power to the states.
Just imagine paying taxes only to the state. If NC wants the Fair Tax, fine. If Virginia wants a sales tax, fine. 50 little experiments that can show which works best.
But most importantly, the feds lose their power over us AND a good portion of their incentive to try and usurp the Constitution.
Please read this article posted at the Cato Institute back in ’94.
http://www.cato.org/pubs/journal/cj14n1-7.html
It is one possible avenue for a return to Federalism
Randy says
Mike, you’re right on the money! This will spread the POWER around this great republic. Let the federal government depend on the states for revenue again, rather than the reverse. As Rep. Tom Perriello (D-Va.) said this month: “If you don’t tie our hands, we’ll keep stealing.”
http://www.youtube.com/v/hE5oaMHXHAY
Step 2 would be getting the revenue into the counties first. Let state government depend on their counties as well.
Damian Bisel says
Wow dude, I never knew that, thanks.
Ron Turley says
I forgot to add that those who moonlight and don’t pay taxes on it now, would, because when they purchased the expensive toys (boats, campers, vacations on the outer banks etc, they would be taxed, perhaps at an even higher rate.
Ron Turley says
I disagree with Homer. I am retired, 74 years old, and believe the tax would be fair. It or a VAT tax would let everyone participate in support of our government. Us older people do not make as much, but we spend way less than the richer people, and so would be taxed less. We would think twice before we purchased expensive things. I think un-prepared food should not be taxed, and necessary Doctor bills, but face lifts double taxed, Alcoholic beverages double taxed. Quick foods double taxed. Lets make our nation healthier and happy. Bring it on! I am ready!
HOMER DAVIS says
I BELIVE IN A FAIR TAXES DON’T BELIVE IN WASTE GOVMENT.
Jimmy says
I do not see how the fair tax is fair to citizens that are already on SS and do not pay very much in income taxes now if at all, do you just take away their buying power, after they have paid into something all their working life, thia also goes for those 50 and up that are so close to retiring, this is by no means fair to them, please do not tell me about the refund, I have read about it, and old people buy clothes, cars and things for their kids and grandkids also, do not take this away from them
levander says
The idea behind the FairTax that may help alleviate some of your concerns is that yes, certain people you identify in your comment may not be directly paying income taxes. But, when they buy goods or services, they are paying these taxes anyway.
For example, say a company is selling an item for $6. They make $1 of profit every time they sell it. It costs them $5 to produce it. Say $3 is spent on labor, $2 spent on equiptment and materials. Of that $3 spent on labor, some of it is going towards income taxes. So, these retired people not directly paying income taxes are still effected by it whenever they spend money.
That’s a rough example with numbers I just made up off the top of my head, but you should get the idea.
And, one of the goals of the FairTax is to approximate the amount of “embedded taxes” (described above) that are already in the goods and services you buy now.
Wally says
How can you be in favor of the fair tax and want health premiums to be based on your income. These are two completely opposite positions. If you believe that health insurance cost should be proportioned by income then why not do the same thing with Milk, Bread and Gas. This is a Marxist idea Chris. Get a clue!
christopher moser says
I am very much for the fair tax and also health insurance premiums based on a percentage of one’s income as well.
queequegscoffin says
With all due respect where does it stop? Social Security is almost broke. Every other entitlement is going broke as well, why? Because when the government “gives” you something it generally goes broke. So where does it end? You don’t want to give up your SS. So who does? Am I to give mine up when my time comes? I paid into it as well, but it won’t be there for me when it comes time to collect. This is exactly the problem when people are managed by government. If we all had that SS income to put into our own accounts then no one would be worried about giving up their SS checks… because SS would not exist. Government got in the way, and look what happens… they are controlling your thoughts and actions. You are dependent.
But someone has to give it up at some point in the future, I guess you want it to be the next generation? You know the people that went through the great depression, if they were brought back to life, would likely step out of their graves, look around at our behavior, and slap the snot out of us for being cry babies!
I will go on record saying I would give up my SS check, get a job or figure out how to help myself and my family just to get this bad government idea called Social Security to die. That way I control my own destiny and my kids don’t get slammed with an even worse mess because I was too selfish to take a stand.
And it is not fair??? Oh my goodness what a comment. WW2 was not fair either but the men fighting the battle of the bulge did not whine about it not being fair. They realized the situation they were in, that they could die, but did the right and difficult thing and fought for our future.
Weakness… Weakness, weakness, weakness!
Hallelujah, Holy Shit… where’s the Tylenol?
Nate says
I’m all for it. Let’s go.