Monday, September 5, 2011

We need to get the Fair Tax Bills (HR25 & S13) passed. The tax code is too complex for any resonable understanding and therefore easily modofied to give big tax breaks to those individuals and corportations that send in their campaign donations. The Fax Tax Bill is very small and very tight. If you purchase something new you pay the tax that is included in the price. The merchant sends it in for you just like the sales tax colected for the state.
After computing the poverty level of tax it is sent to everyone as a prebate. So you have the dollars to pay the tax on stuff you are going to spend your money on.
The secret to the sucess of this tax is EVERYONE pays it on EVERY new item-no exceptions - the rich, the poor, the old the young, the legal tourist, the legal alien, the illegial alien, congress men and senators, everyone! That is good.
Better yet all other federal taxes are cancelled! Business tax, payroll tax, income tax, corporate tax. The IRS too because their is no tax for them to collect!
Since everyone will have more money without having to pay these taxes they can spend more. Corporations will feel secure hiring again as demand will be up. The Government income will be up since the Fair Tax is spread throughout the economy including the foreigners. Read about it. It is a very novel plan with far reaching benefits.

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