It would do away with the IRS. It would do away with the 1040. It would do away with many CPA jobs. There would be NO underground economy. It would be fair and simple. So what's the problem? It would require that government in general and legislators in particular relinquish their powers of social engineering and reward distribution. What a concept? YOU would decide where and when or IF to spend all the money currently deducted in FIT taxes. All the currently hidden (embedded) FIT taxes on what you buy would go away and a 22% federal sales tax would replace them. The net tax effect would be ZERO. Net federal revenue would not change. The poor would be reimbursed for EVERY PENNY of the national sales tax which they paid. (a monthly rebate check) It's not complicated, really.
But it's tough to give up power. It's tough to admit that people know best how and where and when to spend their own money better than GOVERNMENT does. The founding fathers didn't think that way but the idea that "government knows best" is the biggest "imbedded" problem that our nation faces today. I don't know about you but I hate taking all those questionable deductions. It bothers me. When I drop off a bag of clothes at the Salvation Army and ask for a receipt, I feel cheap rather than generous. Want to learn more? Go to "fairtax.org".
Friday, May 18, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment