What is the FairTax plan?
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.
The FairTax:
- Enables workers to keep their entire paychecks
- Enables retirees to keep their entire pensions
- Refunds in advance the tax on purchases of basic necessities
- Allows American products to compete fairly
- Brings transparency and accountability to tax policy
- Ensures Social Security and Medicare funding
- Closes all loopholes and brings fairness to taxation
- Abolishes the IRS
We offer a library of information throughout this Web site about the features and benefits of the FairTax plan. Please explore!
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It wasn't always like this... |
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Written by D C
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Wednesday, 07 October 2009 17:00 |
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Should we sit still for this?
Tax his land, Tax his bed, Tax the table At which he's fed.
Tax his tractor, Tax his mule, Teach him taxes Are the rule.
Tax his work, Tax his pay, He works for peanuts Anyway!
Tax his cow, Tax his goat, Tax his pants, Tax his coat.
Tax his ties, Tax his shirt, Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink, Tax him if he Tries to think.
Tax his cigars, Tax his beers, If he cries Tax his tears.
Tax his car, Tax his gas, Find other ways To tax his .....
Tax all he has Then let him know That you won't be done Till he has no dough.
When he screams and hollers; Then tax him some more, Tax him till He's good and sore.
Then tax his coffin, Tax his grave, Tax the sod in Which he's laid.
Put these words Upon his tomb, 'Taxes drove me to my doom....'
When he's gone, Do not relax, Its time to apply The inheritance tax.
Accounts Receivable Tax, Building Permit Tax, CDL license Tax, Cigarette Tax, Corporate Income Tax, Dog License Tax, Excise Taxes, Federal Income Tax, Federal Unemployment Tax (FUTA), Fishing License Tax, Food License Tax, Fu el Permit Tax, Gasoline Tax (44.75 cents per gallon), Gross Receipts Tax, Hunting License Tax, Inheritance Tax, Inventory Tax, IRS Interest Charges IRS Penalties (tax on top of tax), Liquor Tax, Luxury Taxes, Marriage License Tax, Medicare Tax, Personal Property Tax, Property Tax, Real Estate Tax, Service Charge Tax, Social Security Tax, Road Usage Tax, Sales Tax, Recreational Vehicle Tax, School Tax, State Income Tax, State Unemployment Tax (SUTA), Telephone Federal Excise Tax, Telephone Federal Universal Service Fee Tax, Telephone Federal, State and Local Surcharge Taxes, Telephone Minimum Usage Surcharge Tax, Telephone Recurring and Non-recurring Charges Tax, Telephone State and Local Tax, Telephone Usage Charge Tax, Utility Taxes, Vehicle License Registration Tax, Vehicle Sales Tax, Watercraft Registration Tax, Well Permit Tax, Workers Compensation Tax,
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.
What happened? Can you spell 'politicians?' The socialists in both parties took over. And I still have to 'press ´ 1' for English!?!?!?!
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IRS Released data showing percentages of income tax paid by Americans |
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Written by D C
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Wednesday, 07 October 2009 17:00 |
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Top 1% income, income over $388,806 year, pay 39.89 percent of income taxes
Top 5% income, income over $153,542 year, pay 21.25 percent of income taxes
Top 10% income, income over $108,904 year, pay 10.65 percent of income taxes
Top 25% income, income over $ 64,702 year, pay 15.48 percent of income taxes
Top 50% income, income over $ 31,987 year, pay 10.74 percent of income taxes
Bottom 50% , income under$ 31,987 year, pay 2.99 percent of income taxes
If you make over $153,542 dollars year you are part the 5% that pays 60 percent of all income taxes, the middle class, income from $31,987 to $153,541 year pay only 36.87 percent of income taxes, while the bottom 50 percent of wage earners pay only 2.99 percent of income taxes, yet the liars in our government want you to believe the rich are screwing the poor and working class with the Republicans help. To top it all off Local, State and Federal governments tax Business on retained income like that business belonged to the government, taking from hard working Americans and taking it to build bridges to nowhere and libraries with Senators and Governors names attached etc., as sort of an egotistical monument in their memory and honor
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Stop the Insanity! Stop the Waste! ......Off topic but needs to be said |
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Written by David J
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Saturday, 01 August 2009 17:00 |
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Deficit - Budget - Shortfall - Appropriations - National Debt - Spending
Do any of these words sound familiar?
What do you do when you get paid? Pay bills, buy groceries, maybe see a movie and if there is anything left you put it in your savings account, right? Well that's how it's suppose to work anyway. Save up for that down payment on your dream home, or the car that is getting up in miles. Maybe that vacation you've planned for next summer. What ever it is, it is YOUR money to do what you want. Lets do it differently, the government way. Let's say just for ease of math, you get a $1000 paycheck. You pay your rent, bills and get your groceries and there is $200 left over. Well now you have to give that $200 back to your employer because obviously you didn't need it. Your next paycheck is now only $800! Sorry you are not allowed to put that left over $200 in the bank. When agencies in the government get a budget, they must spend ALL of it or lose it. Next year they need more but cannot get it because they didn't spend all of their past budget. They are NOT allowed to save it for when they need it! The end result is waste. Whatever they don't spend they waste in order to keep their alloted budget and not lose out in the next budget year. This system of budgeting is how our entire government from city hall all the way to the white house spends OUR hard earned tax dollars! Does it make any sense? And these same elected officials say we don't know how to manage OUR money! Take a look how our elected officials manage OUR tax dollars.
>>>>> U.S. Debt Clock <<<<<
I know! It blew me away too.
Until this form of spending changes this country will only get deeper and deeper in the hole! How will it ever get smaller with this kind of wasteful spending? Budgets need to be frozen, and government agencies need to be allowed to SAVE what they do not spend. Then when a big project is planned, like building a new bridge for instance, they will already have the money necessary and not have to go to the "United States Congress" to beg for more tax dollars and increase the national debt even more. It's not the whole solution, but it would be a BIG start. The Insanity must stop! And the only way it will stop is when the VOTERS of America take a stand. Not revolution but elections. The people you elect work for YOU. Everyone needs to contact ALL their elected officials from the Mayor up to the President and say ENOUGH IS ENOUGH! Not once but many times. Letters are hard to ignore, email works also. Let us all do our part to stop the insanity and restore our great nation. Don't just ignore it and make it our children's and grand-children's problem. Just in case you missed the link above:
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