U.S. Congress - H.R.25 Fair Tax Act of 2009
H.R.25 - Fair Tax Act of 2009
To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. view all titles (2)
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- Short: Fair Tax Act of 2009 as introduced.
- Official: To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. as introduced.
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Displaying 61-90 of 308 total comments.
Read the “books”! Yes food would be taxed but you get a rebate check each month to cover the basics every month. As far as food goes, it’s a wash.
Except we already have road taxes.
You should read up on it. If you would, you would not worry at all about food being taxed. Get the book at a used book store.
Income tax has been a bad idea since its beginning. Why penalize people for earning money?
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You are a fool
The more flat-screens I buy the more I pay in taxes, equaling more income for Washington. The more drugs you buy from your dealer the more bling and Cadillac Escalades he buys. Thus producing more income for the federal government.
Your comment comes from ignorance of any type of facts, only a personal thought – I assume that’s why you’re placing it anonymously?
This is just a swticheroo. We’ll still be paying relatively the same amount in taxes. (relatively in the loosest terms)
check out this article.
http://mises.org/story/1814
Ron Paul is not behind this bill and this article can explain why.
The only reason I can see that he actively doesn’t want this bill is that he wants to eliminate income tax altogether. That’s hardly a fair evaluation of what has been proposed.
No politician is going to vote to eliminate taxes. They like not having a job and getting paid for it. FairTax is the next best thing to no taxes. Reconsider, please, the amount of true economic stimulus this proposal would create. Even the illegals would be paying taxes, and all of us in the country would be contributing to the government that presides over us.
Then all we’d have to do is become less apathetic politically, and start cleaning out Congress and get some fiscally responsible representation, on BOTH sides of the aisle.
:-)
Having read The Fair Tax Book by Boortz and Linder, they acknowledge the bigger problem of government is too big; however they wanted to prioritize on fair taxation first and save the “Government is too big” fight for another day.
I agree with you and Ron Paul, but at least this tax will encourage savings and deter consumption.
It’s just a ploy which does two things, one, gives the associated republicans a ‘good name’ for attempting a feat which will no doubt be shot down; and two, it sets the public up to be more likely to respond to whatever backup plan they have after this fails to see the light of day.
Please support this bill. It would make illegal immigrants help share the tax burden by being taxed on what they buy.
because if only the illegal immigrants paid taxes on their $2 dollars an hour pay, then our national debt would be wiped out overnight! genius!
Don’t forget to multiply that $2 per Hour by 13.5 Million. I think that might help you understand that it would be a munificent contribution to the tax burden.
Funny, I’ve seen illegal migrants get paid as much as $500 a day. Granted, they worked their ass off and it was skilled labor. But it was still somewhat at our expense.
Halleluiah Brother!
While I support the fair tax, I just can’t help thinking about some consequences that we can’t account for when it gets passed.
I have no evidence to back this up, but I wonder how charities and non-profit organizations will deal with this. I know that some people donate because they want to, but I think that a large number of businesses and rich people donate to get a tax write off when it comes time to do their income taxes.
I think we will see a decline in the budgets of our favorites charities and non-profits when/if this thing gets passed.
Just a thought.
Americans are a naturally charitable people as proven worldwide. When Forbes ran on a flat tax platforms, one of his studies indicated that there was likely to be more charitable contributions because people would know what their disposable income would be versus an unknown in the income tax system.
I don’t think charities would suffer. The highest portion of my income is taxed at around 28%. When I make a donation, 72% is my money. But I would have much more available to donate. I think it would be a wash.
In just reading and absorbing this idea, I can see how it would work for the US since the majority of citizens are uber consumerists. I for one would benefit greatly since my family has subsisted on minimal purchasing for years. I want my hard earned paycheck in full, not give up 30% of it weekly. I’d much rather invest it wisely and pay taxes on all my purchases. Whether it be food, land, gas etc. Give the money back to the people and let them dole it out as they see fit.
insert Thomas Jefferson quote on international banks here….all of them true
This bill is ridiculous! It is not only another feeble attempt at promoting the failed republican idea of supply-side economics but an attempt to place more of the tax burden on the poor. The supply-side theory has been dis-proven by the housing bubble and the dot-com bubble. Just because you build something does not mean people will buy it. Terrible idea and anyone who promotes this ideal has no clue what it is like running a business. In addition, the Bush ‘refund’ checks have not done what they were intended, putting more money in the hands of the wealthy does NOT mean investment into industry. It is a nice thought, but unless it is something drastic, then no one is going to change their habits.
One of the worst parts of this is that it levies a greater tax burden on the low-income. An 8% sales tax, instead of a 6% tax, on basic commodities has little effect on individuals making more than $40K, but if you make less than that then a greater percentage of your income goes to taxes. The tax burden shifts on to those who can, already not afford it.
This to me seems like another attempt to help out the people who wasted the first economic stimulus bill so they can horde more of their money and talk about how rich they are.
I appreciate the attempt to move towards smaller local governments, but this is just political stunt to gain support for a party that failed at promoting traditional republican ideals and has only promoted war and greed.
Instead of crying out of the burden that this supposedly would place on low income families, perhaps you should read the bill, in particular Chapter 3 as a whole. Then again that may make to much sense for your mentality, that is educating yourself instead of having a mouth piece tell you what to follow.
Furthermore, as Sales Tax works now in most states the necessities of life have NO sales tax, and would remain the same. Having lived in Illinois, and now California neither state taxes unprepared groceries. Groceries are the ONLY necessity of life that one may argue is affected by sales tax. Medicine is not sales taxed, nor are your utilities.
Therefore, your argument of a sales tax putting a burden on the “low income” is fundamentally flawed as well as being worn out. Income tax does nothing but punish the average person and reward others with money they’ve never have or will contribute.
Your comment stinks of your own partisan issues and lack of understanding. This housing bubble is not a failure of free market ideals, but a faiure of socialism. The current market issues evolved from special interests deciding that poor people should get loans even if they could not afford them…further they decided that the interest rates should be lowered to help them out. This destroys the fundamentals upon which sound economics and finance are based. Your arguments here are simply shallow attempts bash republicans and the wealthy…btw…those terms are not synonymous.
PLEASE do your research FIRST! With the monthly rebate checks this plan will NOT cost low income Americans ANY tax dollars!
Anyone that has questions about this Bill should read the Fair Tax book. I support this Bill. As for this story, I think the republicans are pandering to the masses at this point. No one in congress wants to give up income taxes. They are rallying behind an idea that they know will never pass. But, If you want to stimulate growth in the nation, make it easy and business friendly to do so. There would probably be an initial slowdown in consumer spending, but that wouldn’t last. On the other hand, spending by business would likely increase dramatically, and international businesses would set up operations in this country because of the positive tax situation. More businesses bringing operations here, means more jobs.
The Federal government does not want this to happen. This will take too much control out of its hands.
The only way that I see this happening is a grass roots effort to put supporters of the bill into congress. We need to vote all incumbents out of office, until we can get this Bill passed. We need this government to be run by people that are like us, and not the career politicians that are only looking out for themselves.
I think that this bill is a fantastic idea that should have been brought forward years ago. Our tax system has complicated itself to the point where I am surprised that it does not collapse under it’s own weight. It is not fair by any means. Honest, hard working Americans, who provide goods and services for the consumption of others are often hit the hardest. The worst part is that most are apathetic and fearful with regard to taxation. Dishonest people are too often rewarded by the current tax system.
Our current system has an immense amount of overhead with offices filled with public employees using public computer systems and other systems to perform their jobs. Buildings, agents, auditors, software, hardware, USPS usage costs, lawyers, etc. I could go on listing things. All of which comes out of the taxes paid by citizens. By cleaning up the tax system and eliminating the IRS altogether, we would also be able to save loads of money previously used simply to manage the collection and organization of income taxes.
My wife and I are taxed near 40%, roughly 30% is withheld for federal and state income tax. On top of that, here in California, our sales tax was just increased to 9.25% by vote. Now our state leaders want to add one cent per dollar… Then we have property taxes on top of that which are based on the value of our house when we bought it which is currently worth $100,000 less (which the county does not want to adjust because that’s not more than half of the value of the home).
If income taxes were eliminated and sales taxes were raised to compensate the difference in revenue to the state and federal governments we would have a balanced system to some degree. We would actually get to keep the money we earn right off the bat and have the freedom to choose what we spend it on. With this system, the more stuff you buy the more taxes you contribute, which I think is very fair.
I hope to see this bill and others like it move forward toward the president and into law. I just wonder why we waited till now to do it rather than while President Bush was in office and it may have been an easier sell.
Is there an economic model for this at all? What happens when there’s a recession and people spend less? If the only way the government is going to get money to do all the things we want government to do is based on sales, what happens when sales go down by 30% or 60%?