Thread: Massive tax package offers breaks for just about everyone

Originally Posted by johnwk

What I have never been able to get a straight answer to from the advocates of the alleged fairtax is, why do they reject the "FAIR SHARE BALANCED BUDGET AMENDMENT" which would withdraw Congress' power to lay and collect any tax calculated from profits, gains and other lawfully earned incomes and return us to our Constitution's original tax plan and force Congress to once again raise its revenue by taxing consumption.

I thought the proponents of the "fairtax" support taxing consumption. Why do they object to returning to our Constitution's ORIGINAL TAX PLAN which would accomplish their goal?

In any event, at least there is universal agreement in wanting to withdraw Congress' power to lay and collect taxes calculated from "incomes" and compel Congress to raise its revenue by taxing consumption.


JWK

“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “ProsperityRestored by the State Rate Tax Plan”, no longer in print.

The FairTax by definition is an indirect tax on consumption that's collected by the States who then forward the revenue once a month to the Federal Government. It's constitutional, no amendment to the Constitution is required. It exempts necessities with a Rebate up to the Household Consumption Allowance for all citizens and legal residents, regardless of income, so much for an adult, so much for a child. Business to business transactions, exports, education services and used goods are exempt. It funds both General Revenue and Social Security/Medicare. The rate is split with 14.91% for General Revenue and 8.09% earmarked for SS and Medicare.

So why do you oppose it? Why do you call it a "hoax"?

I can't imagine what problem the Founders would have with it. It's as perfect a piece of tax and economic development legislation as has ever been presented to the American People. It helps curb illegal immigration because illegal aliens are not eligible for the Rebate which makes it almost impossible for them to undercut American workers. It helps balance our trade because imports are taxed the same as domestic products, in addition to any tariffs they pay because tariffs, duties, imposts and excise taxes are still in place under the FairTax. Because businesses no longer pay income tax and are exempt from the FairTax, we are a tax haven so our manufacturers will come back home and our investors will bring their capital back to the US plus foreign companies will rush in to operate and invest in our new tax haven.

It's a 360 degree improvement for our country, citizens, workers, earners, investors, businesses and taxpayers. Everybody wins except illegal aliens and importers. I mean what more can we and this one simple piece of legislation do for you?