Thread: 'A Presidency-Defining Moment’ Looms: All Eyes on Donald Trump as DACA Amnesty Deal L

Originally Posted by Judy

Oh yes, please, please, please investigate the FairTax. It's HR 25 in the US House of Representatives, a simple little bill that eliminates all income-based taxes including corporate income, individual, payroll, estate, interest, dividend, capital gains and gift taxes. It preserves all tariffs, imposts, duties and excise taxes. It replaces all income based taxes with a national retail sales tax on all new goods and services. It exempts education services, business to business transactions, and the sale of all used products including used homes, cars, equipment, clothing, personal property and so forth. It also offers a rebate for any citizen or legal resident to wants to sign up for it that exempts a certain amount of consumption up to the household consumption allowance, based on the number of adults and children in the household. Adults are eligible for approximately $210 a month each and children are $70 a month each. Illegal aliens are not eligible for the rebate.

Link to HR 25, US House of Representatives:

https://www.congress.gov/search?q=%7...%22HR+25%22%7D

If the link expires, go here:

https://www.house.gov/

Then enter:

HR 25

HAPPY NEW YEAR!!!

Like I said, it creates more problems than it fixes. It relies on unsound numbers and, in practice, it would cause taxes to rise, incentivize tax evasion, and shift the tax burden onto the middle class.

http://fairtaxfraud.com/fair.asp

Originally Posted by MW

Like I said, it creates more problems than it fixes. It relies on unsound numbers and, in practice, it would cause taxes to rise, incentivize tax evasion, and shift the tax burden onto the middle class.

http://fairtaxfraud.com/fair.asp

LOL!! That is the funniest thing I've ever heard. The FairTax is based on sound GDP numbers, the only time the taxes could rise under the FairTax is when Congress raises the FairTax rates, the only tax burden it shifts is from producers to consumers and there is absolutely no incentive at all to cheat or evade FairTaxes. Only a very small number of entities are involved in collecting the FairTax, reducing the number of possible cheaters from 160 million entities to less than 5 million, making enforcement much easier and less costly. Plus all the states are involved in the FairTax system, most of whom have very good sales tax divisions who are incentivized to catch the cheaters because it impacts not only their own state sales tax collections, but their FairTax collection fees as well.

Originally Posted by Judy

LOL!! That is the funniest thing I've ever heard. The FairTax is based on sound GDP numbers, the only time the taxes could rise under the FairTax is when Congress raises the FairTax rates, the only tax burden it shifts is from producers to consumers and there is absolutely no incentive at all to cheat or evade FairTaxes. Only a very small number of entities are involved in collecting the FairTax, reducing the number of possible cheaters from 160 million entities to less than 5 million, making enforcement much easier and less costly. Plus all the states are involved in the FairTax system, most of whom have very good sales tax divisions who are incentivized to catch the cheaters because it impacts not only their own state sales tax collections, but their FairTax collection fees as well.

See what I mean, you're misinformed. Time to realize you've been sold a bill of goods that won't deliver as promised.

No, I'm not misinformed. In 1999, 19 years ago, when the FairTax. HR 25 was first introduced into the US Congress, the national debt was less than $5.7 trillion. which many of us in the know found outrageous and beyond the pale. Now, 19 years later, the national debt is over $20 trillion. The income tax has to be repealed and replaced with a national consumption tax, which is a national retail sales tax on new goods and services, paid voluntarily from voluntary purchases above a household consumption allowance. Every attack on the FairTax is an attack on the solvency of our nation, the well-being of our citizens for generations, and the physical and economic security of the United States. The urgency to pass the FairTax is greater now than it has ever been, yet there are people who are more concerned with their own little personal issues than the welfare and future of our nation and citizens.

It's a shame to see it, but it's there in writing.

"SAD!"