Tuesday, February 12, 2013

Why I support the Fair Tax Act.

A flat rate sales tax (between 23 and 30%) on all purchases, no income tax, no corporate tax, no need to increase minimum wage even. This is what fair tax offers us.

We complain about a deficit; we complain about taxes. In general we want to have our cake and eat it too; while we have yet to invent the regenerating cake we can at least have a feasible solution to our country's financial crisis.

There are those naysayers who think this plan will favor the rich, I disagree as do many Americans. Let me ask you these questions: Who pays more sales tax the person buying the economy style car or the one who buys the Porsche? The honest person who reports all of their annual income and misses deductions due to filing themselves or the less truthful man who pays someone to find him the loop holes and hides some of his earnings from the IRS?

Then their is privacy, no matter which pasture you graze in (read political party) you want protection and privacy. Our taxes pay for our protection, but is the cost our privacy? The IRS knows more about us than our priests,friends and family in some cases. Wouldn't you like to keep that information to yourself? Fairtax would eliminate all federal payroll tax, the IRS and the yearly gathering and turning over of what you did this year. No need to inform the government that you got married, have a domestic partnership, had children, earn a bonus or bought a house...just think about all those deductions and the information they provide.


Wait some of you cry! I can't afford that... well just for those who are citizens, there is a probate check that covers the amount of tax you would pay if you are living below the poverty level. Just think my thrifty friends, you can buy a used car with no tax, used furniture no sales tax. Don't think we forgot about business owners either, purchases for corporations are tax free. ( note sales tax will have to be paid by the consumer, when it is sold used , if it is purchased by a consumer and tax has not been paid yet) ts lowering the pricing of consumer goods. There are many many more benefits!

A world of benefits!

What down sides do you see?

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