Why are you posting old outdated threads to light up these old threads as if there's new information?
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Why are you posting old outdated threads to light up these old threads as if there's new information?
Republicans have always been worried about debt, but you can't fix the debt problem with the income tax. You have to change it out to national retail sales tax paid by consumers, then you can start fixing the debt problem by balancing the budget and paying down the debt with surpluses. To pay it down in 20 years, you'll need at least $1 trillion a year in tax surpluses to do that, or in 40 years, $500 billion a year in tax surpluses. It can never be done with an income tax, the income tax is what caused it to begin with. It can be done with the FairTax and in ways and means that most people won't even notice or care about. You have to fix the problem and reverse the policies that caused the debt to begin with, starting with the income tax and free trade, then the massive poverty-based unsustainable population growth that by itself has grown the expense of government welfare programs off the map, much of it illegal immigration but also most legal immigration as well. It requires remedies to all 4 issues of repealing income tax, ending free trade treason policies, eliminating illegal immigration, and drastic reductions in legal immigration. Then of course, removing other waste from government and streamlining efficiencies, ending foreign aid and many other stupid and ridiculous matters our Congress wastes our money on that we neither want nor need and often times don't even know about.
Anyone that does minimal research on the unfair tax plan will quickly see its many faults. Not only does the unfair tax plan not fix all the problems its advocates would have you believe it fixes, it actually creates more problems.
I strongly suggest anyone even slightly considering support of the disaster known as fair tax do their due diligence in researching the program. I promise you the truth is not even close to what supporters of the program would have you believe.
http://fairtaxfraud.com/fair.asp
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
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.
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!"