Is The FairTax a conservative or liberal game plan?
Getting Rid of The IRS:Is The FairTax a conservative or liberal game plan?
by Marsha Whitt
Congress is considering The FairTax (HR-25 and S-25), which will eliminate the IRS and all forms of income tax – score one for conservatives and liberals alike. It will also eliminate the income tax code and regulations, and begin the repeal of the 16th Amendment. It will replace these with a transparent national retail sales tax of 23%. Prices at the retail level will not go up, because the FairTax removes the 22% embedded tax currently hidden in goods and services, so it’s basically a wash..
The FairTax will return choice and control to the individual – score one for conservatives. We will each choose if, when, and how much tax we pay, based on our spending habits. New goods and services will be taxed only once, at the retail level. No more double, triple, and quadruple taxation. If you don’t wish to pay federal taxes on a new car or new house under the FairTax, buy a used one.
The FairTax will be a progressive tax – score one for liberals. It will be a tax on accumulated wealth – the more money one has, the more money one spends. The wealthy will have a higher effective tax rate than the middle and lower classes.
The FairTax will totally untax the working poor – score one for compassionate conservatives and bleeding heart liberals alike. All spending up to the poverty level will be untaxed by virtue of a monthly prebate. A family of four will receive about $6000 a year. All households receive the prebate. Better than welfare.
The FairTax will eliminate corporate taxes – score one for conservatives. Corporations don’t pay income taxes anyway – they file tax returns, but all costs of doing business are passed on to an individual somewhere down the line – in higher priced, or lower quality goods, not as many jobs, and reduced share prices and dividends. Eliminating corporate taxation gives a better bottom line to the individual, and frees the corporations to concentrate on product and service instead of the mind-boggling tax code.
The FairTax will treat everyone equally – score one for liberals. The FairTax is color blind, gender unconscious, and religious indifferent. No special interests here.
The FairTax will continue to fund Social Security and Medicare – score one for conservatives and liberals alike. Under the FairTax, all retail purchases will fund Social Security, Medicare, all your favorite government programs, and our military. Even the illegal aliens, drug dealers, prostitutes, and 50 million annual tourists will be contributing (and, no, they won’t stop buying – remember, retail prices won’t go up).
The FairTax will unite Americans – score a big one for America. Under our income tax system, we are divided and conquered. The politicians play the “class warfare” game. They tell us they’re only taxing the rich, or those greedy corporations. Sounds good, until we remember that we as individuals end up paying the costs (all costs business are passed on to an individual, including the income tax and all compliance and avoidance costs). Under the FairTax, raising my tax means raising yours, and those of the guy across the street. And, since none of us wants higher taxes, we can all speak with one voice to Congress letting them know they’ll have to find another way to raise revenue – perhaps by cutting some pork from their diet. By the way, you may see the national debt officially stated to be about $7 Trillion – it’s actually closer to $45 Trillion – an accounting game the politicians play whereby our children and grandchildren will be enslaved to pay the bills.
Both conservatives and liberals have a huge stake in this game. Once you know the score, it’s obvious that under the FairTax everyone wins. If Americans do not demand the FairTax, we all lose. We owe it to the Founding Fathers (and our children and grandchildren) to become informed and act accordingly. You can go to www.fairtax.org to learn more. Or, for only about 90 minutes, you can hear a local businessman give a complete explanation of the FairTax, and have your questions answered – every Thursday evening at 8:00pm, 1032 N. Woodland Blvd., DeLand (Burger King Conference Room). Kevin Whitt is the speaker – he’s a great teacher, entertaining, good looking – and did I mention he’s my husband? See you Thursday.
posted by Tireless Irate Minority @ 7:37 AM
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