fairtax vs fair share balanced budget amendment
Quote:
Originally Posted by
Judy
The one joy from all these stupid dialogues, Johnwk, is that until the FairTax passes, Joe and Mary Sixpack Whiners will be paying 15.30% self-employment tax to Social Security Administration and at least 25% income tax on their "labor" to the IRS until it does.
And that is why I support adopting the Fair Share Balanced Budget Amendment which, unlike the alleged fairtax, would end all income based taxes and begins with the following 32 words:
“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.
NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!
JWK
“…a national revenue must be obtained; but the system must be such a one, that, while it secures the object of revenue it shall not be oppressive to our constituents.”___ ___Madison, during the creation of our Nation’s first revenue raising Act